Overview
What is Nysa-Ila Container Royalty Fund?
Nysa-Ila Container Royalty Fund is a multi-employer welfare employee benefits fund situated in Jersey City, New Jersey, with a USAddress at 10 Exchange Place Suite 1400. The organization was established to shield employees in the longshore industry from diminishing employment opportunities caused by the adoption of containers. This fund, which boasts a workforce of 3797 employees, has successfully discharged its obligation to provide supplemental benefits to eligible participants, as stated in the given information.
Is Nysa-Ila Container Royalty Fund legitimate?
Nysa-Ila Container Royalty Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nysa-Ila Container Royalty Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,681
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What is the mission statement of Nysa-Ila Container Royalty Fund?
The Nysa-Ila Container Royalty Fund is a multi-employer welfare benefits fund with a mission to safeguard employees in the longshore industry from dwindling employment prospects due to the containerization trend. By establishing this fund, the organization aims to provide a protective shield for workers in the sector, mitigating the negative impact of decreasing job opportunities. The fund has fulfilled its mandate by offering supplemental benefits to eligible participants, ensuring their financial security amidst industry changes.
Who is the CEO of Nysa-Ila Container Royalty Fund?
Dominick Gaudioso is the Treasurer of Nysa-Ila Container Royalty Fund.
What is the revenue of Nysa-Ila Container Royalty Fund?
Nysa-Ila Container Royalty Fund's revenue in 2022 was $135,480,217.
Who are the executives of Nysa-Ila Container Royalty Fund and what are their salaries?
The average compensation at Nysa-Ila Container Royalty Fund during 2022 was $55. There are 3797 employees at Nysa-Ila Container Royalty Fund.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Nysa-Ila Container Royalty Fund?
Nysa-Ila Container Royalty Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nysa-Ila Container Royalty Fund
Nysa-Ila Container Royalty Fund is a multiemployer welfare employee benefits fund, established with a noble mission to safeguard the employment prospects of workers in the longshore industry. The increasing adoption of container technology posed a significant threat to the employment stability of these workers, and the Fund was created as a protective measure in response.
In the third person, we can describe the organization's purpose as a proactive initiative aimed at shielding longshore industry employees from the potential decrease in job opportunities that resulted from the widespread use of containers. By pooling resources and collaborating across various employers, Nysa-Ila Container Royalty Fund sought to provide supplemental benefits to eligible participants, ensuring that they would be supported during times of industry change and transition.
The mission of Nysa-Ila Container Royalty Fund was successfully fulfilled as it met its obligation to dispense supplemental benefits to eligible members. The Fund's commitment to safeguarding the livelihoods of longshore industry workers demonstrated its vital role in the community, providing a critical safety net for those most affected by the shifting employment landscape. The organization's mission continues to resonate, providing reassurance and security to the workers it serves.
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Impact
October, 2024
The Nysa-Ila Container Royalty Fund plays a crucial role in safeguarding the livelihoods of employees in the longshore industry, which has faced challenges due to the increasing use of containers in shipping that can lead to reduced job opportunities. By providing supplemental benefits to eligible participants, the Fund helps ensure financial stability for individuals who might otherwise be adversely affected by changes in employment patterns. This support not only protects workers but also contributes to the overall well-being of the community in Jersey City, NJ. The Fund’s efforts in addressing the economic impact of modernization in the shipping industry reflect a commitment to preserving jobs and enhancing the quality of life for workers and their families.
This information is meant to be a general summary of Nysa-Ila Container Royalty Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,051,064
- Program Service Revenue: $124,308,262
- Gross Receipts: $135,480,217
Assets and Liabilities:
- Total Assets: $63,535,885
- Total Liabilities: $32,329,366
- Net Assets: $31,206,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CRCCF EXCESS INCOME
Revenue
$13,656,343
CRCCF INCOME
Revenue
$108,651,919
SUPPLEMENTARY INCOME
Revenue
$2,000,000
Organization Details
Founding Year
1962
Phone
(201) 479-3605Principal Officer
Dominick Gaudioso
Main Address
10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302
NTEE Category
Code: S41 - Community improvement
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