Overview
What is Pmta Ila Containerization Fund?
The Pmta Ila Containerization Fund is a union employee benefit plan situated in Cherry Hill, New Jersey, at 20 Brace Road. Its primary function is to offer compensation to union members who potentially faced job loss due to the implementation of automated containerization technologies on ships. The contributions to this fund are contingent on the tonnage of containerized cargo handled at the ports. The fund, with a small workforce of two employees, is aimed at supporting union members adversely affected by technological advancements in the shipping industry.
Is Pmta Ila Containerization Fund legitimate?
Pmta Ila Containerization Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Pmta Ila Containerization 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: $228,417
For more financial information, click here
What is the mission statement of Pmta Ila Containerization Fund?
The Pmta Ila Containerization Fund serves as a union employee benefit plan, providing compensation to union members who might have faced job loss due to the implementation of automated containerization technologies on ships. Its primary objective is to support individuals who may have been adversely affected by these technological advancements in the shipping industry. Contributions to the fund are contingent upon the tonnage of containerized cargo handled at various ports.
Who is the CEO of Pmta Ila Containerization Fund?
Patrick O'Hara is the Employer Trustee of Pmta Ila Containerization Fund.
What is the revenue of Pmta Ila Containerization Fund?
Pmta Ila Containerization Fund's revenue in 2022 was $7,092,122.
Who are the executives of Pmta Ila Containerization Fund and what are their salaries?
The average compensation at Pmta Ila Containerization Fund during 2022 was $114,208. There are 2 employees at Pmta Ila Containerization Fund.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Pmta Ila Containerization Fund?
Pmta Ila Containerization Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pmta Ila Containerization Fund
The Pmta Ila Containerization Fund is a union employee benefit plan that serves a specific purpose. This nonprofit organization aims to provide compensation to union members who may have suffered job losses due to the implementation of automated containerization technologies on ships. This mission is driven by the contributions to the Fund, which are based on the tonnage of containerized cargo loaded and unloaded at various ports. By offering financial aid to affected union members, the Pmta Ila Containerization Fund seeks to mitigate the impact of technological advancements on the workforce and ensure that union members are not left behind in the transition to automated shipping processes.
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Impact
October, 2024
The Pmta Ila Containerization Fund provides essential support to union members who have been adversely affected by the rise of automated containerization technologies in the shipping industry. By offering compensation to those who may have lost job opportunities as a direct result of automation, the Fund helps to mitigate the economic impact on workers navigating this transition.
Contributions to the Fund are tied to the tonnage of containerized cargo loaded and unloaded at ports, ensuring that the financial resources available for compensation are directly linked to the industry's activity levels. This approach not only balances the needs of the workforce but also aligns with the operational realities of the shipping industry, fostering a mutual benefit for all stakeholders involved.
By addressing job loss and providing a safety net, the Fund plays a critical role in preserving the livelihoods of union members in an evolving technological landscape, promoting stability and financial security within the workforce. Its impact extends beyond individual compensation, contributing to the overall resilience of the maritime labor community in the face of automation challenges.
This information is meant to be a general summary of Pmta Ila Containerization 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: $31,590
- Program Service Revenue: $7,060,532
- Gross Receipts: $7,092,122
Assets and Liabilities:
- Total Assets: $15,738,046
- Total Liabilities: $15,738,046
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contributions
Revenue
$4,223,966
Excess Cap Revenue
Revenue
$2,836,566
Organization Details
Founding Year
1973
Phone
(856) 616-2090Principal Officer
Patrick O'Hara
Main Address
20 Brace Road, Cherry Hill, NJ, 08034
NTEE Category
Code: Y24Z - Mutual benefit
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