Overview
What is Container Royalty Central Collection Fund?
The Container Royalty Central Collection Fund is a nonprofit organization established to collect contributions as per a master contract between the International Longshoremen's Association AFL-CIO and the United States Maritime Alliance, Ltd. Its primary role is to distribute these collected funds to various separate joint labor management funds, which in turn provide collectively bargained employee benefits. Based in Lyndhurst, New Jersey, the organization serves as a crucial link in facilitating the provision of benefits to employees within the scope of the master contract.
Is Container Royalty Central Collection Fund legitimate?
Container Royalty Central Collection Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Container Royalty Central Collection 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.
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Executive Compensation: $594,286
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What is the mission statement of Container Royalty Central Collection Fund?
The Container Royalty Central Collection Fund was established in accordance with a master contract between the International Longshoremen's Association AFL-CIO and the United States Maritime Alliance, Ltd. Its primary mission, as outlined in the contract, is to collect all assessments payable to the fund. These contributions, made predominantly by management, are then distributed to a variety of separate joint labor management funds. These funds, collectively, provide employee benefits that have been collectively bargained for. In essence, the Container Royalty Central Collection Fund serves as a conduit for distributing funds that contribute to employee benefits, as agreed upon in the master contract.
Who is the CEO of Container Royalty Central Collection Fund?
Anthony Dalonges is the Trustee of Container Royalty Central Collection Fund.
What is the revenue of Container Royalty Central Collection Fund?
Container Royalty Central Collection Fund's revenue in 2022 was $1,878,242.
Who are the executives of Container Royalty Central Collection Fund and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Container Royalty Central Collection Fund?
Container Royalty Central Collection Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Container Royalty Central Collection Fund
The Container Royalty Central Collection Fund is established with a mission to collect all assessments payable to the fund, in accordance with the Master Contract between the International Longshoremen's Association AFL-CIO and the United States Maritime Alliance, Ltd. In line with this contract, the organization collects contributions made by management and distributes the appropriate amounts to various separate Joint Labor Management Funds. These funds collectively provide collectively bargained employee benefits to their respective members.
In simpler terms, the Container Royalty Central Collection Fund acts as a mediator, ensuring that the agreed-upon contributions are collected from the management, and then distributes these funds to various other Joint Labor Management Funds. These funds, in turn, utilize these resources to offer various employee benefits, which have been collectively bargained through the Master Contract. By carrying out these duties, the Container Royalty Central Collection Fund plays a crucial role in upholding the terms of the Master Contract and ensuring that the benefits agreed upon by both management and labor are delivered efficiently.
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Impact
October, 2024
The Container Royalty Central Collection Fund plays a crucial role in the maritime labor community by ensuring the effective collection and distribution of assessments as outlined in the master contract between the International Longshoremen's Association and the United States Maritime Alliance. This function is vital for managing contributions from management, which are then allocated to various joint labor-management funds.
The impact of this fund extends to enhancing employee benefits through the collective bargaining efforts of labor and management. By efficiently streamlining the financial processes involved, it ensures that workers receive the appropriate benefits they are entitled to, contributing to their overall well-being and security. In doing so, the fund supports not only the individual employees but also the greater maritime industry by fostering fair labor practices and improving workforce stability. The fund's operations ultimately promote community improvement by strengthening the financial and social foundations of those it serves.
This information is meant to be a general summary of Container Royalty Central Collection 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: $3,242
- Program Service Revenue: $1,875,000
- Gross Receipts: $1,878,242
Assets and Liabilities:
- Total Assets: $532,032,006
- Total Liabilities: $531,717,943
- Net Assets: $314,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$1,875,000
Organization Details
Founding Year
2013
Phone
(732) 404-3122Principal Officer
Anthony Dalonges
Main Address
125 CHUBB AVENUE 350NC, LYNDHURST, NJ, 07071
NTEE Category
Code: S41 - Community improvement
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