Employers - Ila Nc Ports Containerization Vacation Plan

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

EIN: 566153337 ✦ Wilmington, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employers - Ila Nc Ports Containerization Vacation Plan?

Employers - Ila Nc Ports Containerization Vacation Plan is a single-employee entity located in Wilmington, North Carolina. Its primary function is to collect container royalty tonnage assessments in accordance with a master contract. Utilizing these assessments, the organization pays out welfare container royalty benefits to eligible participants and their beneficiaries. Additionally, it covers the related payroll taxes associated with these benefits. The nonprofit's mission is centered around supporting the financial well-being of these eligible individuals by facilitating the distribution of container royalty benefits.

Is Employers - Ila Nc Ports Containerization Vacation Plan legitimate?

Employers - Ila Nc Ports Containerization Vacation Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employers - Ila Nc Ports Containerization Vacation Plan 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: $102,821

For more financial information, click here

What is the mission statement of Employers - Ila Nc Ports Containerization Vacation Plan?

The mission of Employers - Ila Nc Ports Containerization Vacation Plan, as per its description, is primarily focused on collecting container royalty tonnage assessments as determined by the master contract. This organization also has the responsibility of distributing welfare container royalty benefits to eligible participants and beneficiaries. Furthermore, it is responsible for paying the payroll taxes related to these benefits. In practice, it has been observed that the organization has collected container royalty tonnage assessments and distributed welfare containerization benefits to approximately 320 eligible participants and/or beneficiaries, while also managing the related payroll taxes.

Who is the CEO of Employers - Ila Nc Ports Containerization Vacation Plan?

Gregory Washington is the Union Truste of Employers - Ila Nc Ports Containerization Vacation Plan.

What is the revenue of Employers - Ila Nc Ports Containerization Vacation Plan?

Employers - Ila Nc Ports Containerization Vacation Plan's revenue in 2022 was $5,394,484.

Who are the executives of Employers - Ila Nc Ports Containerization Vacation Plan and what are their salaries?

The average compensation at Employers - Ila Nc Ports Containerization Vacation Plan during 2022 was $102,821. There is 1 employee at Employers - Ila Nc Ports Containerization Vacation Plan.


Here are 16 key members and their salaries:


Paul Lokey (Employer Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Clemmons (Union Truste)
  • Compensation: $17,494
  • Related: $28
  • Other: $0
Charles E Seaton (Union Truste)
  • Compensation: $17,494
  • Related: $43
  • Other: $0
John W Ellis (Union Truste)
  • Compensation: $17,494
  • Related: $0
  • Other: $0
Ryan Mayer (Employer Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kem Frink (Union Truste)
  • Compensation: $17,494
  • Related: $15
  • Other: $0
Gregory Washington (Union Truste)
  • Compensation: $0
  • Related: $83
  • Other: $0
Perty Grissett (Alternate -)
  • Compensation: $17,494
  • Related: $83
  • Other: $0
Luke Doremus (Alt. Employe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Balderson (Employer Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Lanier (Alternate -)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Sydnor (Employer Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Hart (Alternate -)
  • Compensation: $4,759
  • Related: $3
  • Other: $0
Samuel Brown Iii (Alternate -)
  • Compensation: $17,494
  • Related: $12
  • Other: $0
Gregory Melton (Alternate -)
  • Compensation: $17,494
  • Related: $302
  • Other: $0
Ted Bendrick (Alt. Employe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Employers - Ila Nc Ports Containerization Vacation Plan?

Employers - Ila Nc Ports Containerization Vacation Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Employers - Ila Nc Ports Containerization Vacation Plan

Employers - Ila Nc Ports Containerization Vacation Plan, in essence, is dedicated to collecting container royalty tonnage assessments as per the master contract. This organization's primary mission is twofold: firstly, it aims to distribute welfare container royalty benefits to eligible participants and their beneficiaries. Secondly, it is responsible for paying the payroll taxes related to these benefits. By carrying out these tasks, Employers - Ila Nc Ports Containerization Vacation Plan ensures that 320 eligible participants and/or beneficiaries receive their container royalty benefits, while also handling the associated payroll taxes.

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Impact




October, 2024

The Employers - Ila Nc Ports Containerization Vacation Plan significantly impacts eligible participants and beneficiaries by providing welfare container royalty benefits derived from collected royalty tonnage assessments. By ensuring that 320 individuals receive these benefits, the plan directly contributes to the financial stability and well-being of the participants and their families.

The initiative also involves paying the necessary payroll taxes associated with these benefits, which not only supports the participants but also contributes to the broader community by ensuring compliance with tax regulations. This structured approach fosters a sense of security and enhances the overall quality of life for those involved, creating a mutually beneficial system that supports workers in the containerization sector. Ultimately, the plan plays a crucial role in sustaining the economic health of families connected to the ports in Wilmington, NC.




This information is meant to be a general summary of Employers - Ila Nc Ports Containerization Vacation Plan. 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
$5,394,484 (2022)
Expenses
$5,337,870 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $18,857
  • Program Service Revenue: $5,351,587
  • Gross Receipts: $5,394,484

Assets and Liabilities:

  • Total Assets: $5,381,753
  • Total Liabilities: $5,100,853
  • Net Assets: $280,900

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Programs

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

EMPLOYER CONTAINER ROYALTIES

Revenue

$3,969,013

CRCCF 70 MIL SURPLUS FUNDS

Revenue

$1,276,274

CRCCF ASSISTANCE FUNDING

Revenue

$106,300

Organization Details

Founding Year

1972

Principal Officer

Gregory Washington

Main Address

P O BOX 1116612 SOUTH 17TH STREET, WILMINGTON, NC, 284021116

NTEE Category

Code: Y40 - Mutual benefit

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