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Tma-Ila Container Royalty Plan International Longshoremen's Assoc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352250520 ✦ Salem, VA ✦ Designated as a 501(c)(5)

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Overview

What is Tma-Ila Container Royalty Plan International Longshoremen's Assoc?

Tma-Ila Container Royalty Plan International Longshoremen's Assoc is a nonprofit organization situated in Salem, Virginia. Its primary function is to distribute container royalty payments to eligible longshoremen who do not handle containers during the loading or unloading process. The organization receives contributions from carriers, and in turn, it provides financial remuneration to qualifying longshoremen who are affiliated with Local 1402 and 1691 of the International Longshoremen's Association. The nonprofit has a workforce of 123 individuals committed to carrying out its mission.

Is Tma-Ila Container Royalty Plan International Longshoremen's Assoc legitimate?

Tma-Ila Container Royalty Plan International Longshoremen's Assoc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Tma-Ila Container Royalty Plan International Longshoremen's Assoc 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: $7,941

For more financial information, click here

What is the mission statement of Tma-Ila Container Royalty Plan International Longshoremen's Assoc?

Tma-Ila Container Royalty Plan is an organization that receives contributions from carriers for containers not handled by longshoremen. Its primary mission is to provide royalty payments to eligible longshoremen who belong to Local 1402 and 1691 of the International Longshoremen's Association. The plan's objective is to distribute these royalty payments, ensuring financial support for qualified longshoremen. The organization's activities are centered around this mission, aiming to financially benefit the specified longshoremen within the association.

Who is the CEO of Tma-Ila Container Royalty Plan International Longshoremen's Assoc?

David Nelson is the Trustee of Tma-Ila Container Royalty Plan International Longshoremen's Assoc.

What is the revenue of Tma-Ila Container Royalty Plan International Longshoremen's Assoc?

Tma-Ila Container Royalty Plan International Longshoremen's Assoc's revenue in 2022 was $797,520.

Who are the executives of Tma-Ila Container Royalty Plan International Longshoremen's Assoc and what are their salaries?

The average compensation at Tma-Ila Container Royalty Plan International Longshoremen's Assoc during 2022 was $65. There are 123 employees at Tma-Ila Container Royalty Plan International Longshoremen's Assoc.


Here are 9 key members and their salaries:


Nicholas Difresco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Franklin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Gibson (Alt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Hall (Alt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Weston Ii (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nelson (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Stout (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Straker (Alt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Touzet (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Tma-Ila Container Royalty Plan International Longshoremen's Assoc?

Tma-Ila Container Royalty Plan International Longshoremen's Assoc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Tma-Ila Container Royalty Plan International Longshoremen's Assoc

Tma-Ila Container Royalty Plan, a entity associated with the International Longshoremen's Association, plays a distinct role in the community. Its primary mission is to provide royalty payments to eligible longshoremen who do not engage in loading or discharging containers. Specifically, this organization serves members belonging to Local 1402 and 1691 within the International Longshoremen's Association. The contributions it receives from carriers form the basis for these royalty payments. This mission serves to support longshoremen financially, thereby contributing to their overall well-being.

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Impact




October, 2024

The Tma-Ila Container Royalty Plan International Longshoremen's Association significantly impacts longshoremen, particularly those associated with Locals 1402 and 1691. By receiving contributions from carriers for containers not loaded or discharged by longshoremen, the plan generates royalty payments that provide financial support to eligible members of the association. This initiative helps ensure economic stability for longshoremen in Salem, VA, who may not always have direct work opportunities. The royalties bolster the income of these workers, promoting their welfare and enhancing the overall financial resilience of the longshoremen's community.




This information is meant to be a general summary of Tma-Ila Container Royalty Plan International Longshoremen's Assoc. 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.

Revenue
$797,520 (2022)
Expenses
$843,391 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,149
  • Program Service Revenue: $794,371
  • Gross Receipts: $797,520

Assets and Liabilities:

  • Total Assets: $1,300,318
  • Total Liabilities: $550,297
  • Net Assets: $750,021

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$794,371

Organization Details

Founding Year

1956

Principal Officer

David Nelson

Main Address

P O BOX 1769, SALEM, VA, 24153

NTEE Category

Code: T70 - Philanthropy

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