Container Royalty Supplemental Cash Benefit Plan

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

EIN: 570551096 ✦ Charleston, SC ✦ Designated as a 501(c)(5)

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Overview

What is Container Royalty Supplemental Cash Benefit Plan?

The Container Royalty Supplemental Cash Benefit Plan is a nonprofit organization based in Charleston, South Carolina. Its primary objective is to distribute supplemental cash benefits to eligible participants, funded by container royalties from employers, primarily based on the handling of containers. The plan aims to enhance the financial well-being of its participants by providing them with additional cash benefits. The organization has a workforce of 1033 individuals dedicated to carrying out its mission.

Is Container Royalty Supplemental Cash Benefit Plan legitimate?

Container Royalty Supplemental Cash Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(5) entity. Container Royalty Supplemental Cash Benefit 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: $189,856

For more financial information, click here

What is the mission statement of Container Royalty Supplemental Cash Benefit Plan?

The Container Royalty Supplemental Cash Benefit Plan serves to provide additional cash benefits to eligible participants. This initiative is financially backed by container royalties contributed by employers, primarily linked to the handling of containers. The mission of the plan is to enhance the financial security of eligible individuals by granting supplemental cash benefits. The royalties collected from container handling form the funding source for this program. The objective is to offer a financial safety net to those who meet the eligibility criteria.

Who is the CEO of Container Royalty Supplemental Cash Benefit Plan?

Unavailable

What is the revenue of Container Royalty Supplemental Cash Benefit Plan?

Container Royalty Supplemental Cash Benefit Plan's revenue in 2022 was $39,744,859.

Who are the executives of Container Royalty Supplemental Cash Benefit Plan and what are their salaries?

The average compensation at Container Royalty Supplemental Cash Benefit Plan during 2022 was $184. There are 1033 employees at Container Royalty Supplemental Cash Benefit Plan.


Here are 17 key members and their salaries:


Neal Edgerton (Co-Chairman/Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Bean (Co-Chairman/Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Ferri (Mgmt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard A Bailey (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virgil Maldonado - Thru 1221 (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Weatherford (Mgmt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Riley - Thru 1221 (Alt Lbr Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Claxton (Alt Mgt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremiah Perry Jr (Alt Lbr Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Douglas (Alt Mgt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Young (Alt Mgt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Brad Ziegler (Alt Mgt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Naone (Alt Lbr Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Smalls (Pension Coordinator)
  • Compensation: $0
  • Related: $112,385
  • Other: $35,547
James Bennett (Plan Admin)
  • Compensation: $0
  • Related: $169,196
  • Other: $35,547
Charles Brave Jr - Eff 1221 (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Flowers Jr -Eff 1221 (Alt Lbr Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Container Royalty Supplemental Cash Benefit Plan?

Container Royalty Supplemental Cash Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Container Royalty Supplemental Cash Benefit Plan

The Container Royalty Supplemental Cash Benefit Plan is a unique initiative that aims to provide supplemental cash benefits to eligible participants. This program is funded through container royalties contributed by employers, primarily based on the handling of containers.

At its core, the Container Royalty Supplemental Cash Benefit Plan serves to enhance the financial well-being of eligible individuals. The source of funding, derived from container royalties, sets this plan apart from traditional welfare programs. The handling of containers forms the basis for the financial contribution to the plan, making it a distinctive approach to providing cash benefits.

The mission of the Container Royalty Supplemental Cash Benefit Plan is twofold. First and foremost, it aims to provide financial assistance to eligible participants. This assistance can be invaluable in helping individuals meet their daily needs and improve their overall financial situation. Second, the program contributes to the economic system by encouraging employers to participate in the plan through their container handling activities. This results in a mutually beneficial arrangement, with the program providing financial support to individuals while also generating revenue through container royalties.

In summary, the Container Royalty Supplemental Cash Benefit Plan is an innovative initiative that provides supplemental cash benefits to eligible participants. The funding for the program comes from container royalties contributed by employers based on their handling of containers. By offering financial assistance to individuals and generating revenue through container royalties, the Container Royalty Supplemental Cash Benefit Plan plays a crucial role in supporting the financial well-being of its participants and contributing to the economic system.

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Impact




October, 2024

The Container Royalty Supplemental Cash Benefit Plan provides vital financial support to eligible participants through supplemental cash benefits. Funded primarily by container royalties assessed on employers based on their handling of containers, the plan ensures that individuals involved in this sector receive additional monetary assistance, which can help alleviate financial burdens and enhance their overall economic stability.

By leveraging funds generated from container handling activities, the plan directly impacts the livelihoods of participants, providing them with resources that can be crucial for managing daily expenses, supporting families, or planning for future needs. This supplemental income can play a key role in promoting financial security and well-being among workers in the container handling industry in Charleston, SC, and potentially beyond.

Furthermore, the plan fosters a sense of community and support among participants, as it creates a safety net that allows workers to focus on their employment and personal development without the constant worry of financial instability. Overall, the Container Royalty Supplemental Cash Benefit Plan contributes positively to the economic health of individuals and families within the container handling sector.




This information is meant to be a general summary of Container Royalty Supplemental Cash Benefit 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
$39,744,859 (2022)
Expenses
$39,744,859 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11,362
  • Program Service Revenue: $39,733,497
  • Gross Receipts: $39,744,859

Assets and Liabilities:

  • Total Assets: $25,129,094
  • Total Liabilities: $25,129,094
  • Net Assets: $0

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Programs

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

CARRIERS CONTRIBUTIONS

Revenue

$32,719,447

CONTRIB REIMB FROM CRCCF

Revenue

$7,014,050

Organization Details

Founding Year

2014

Main Address

899 MORRISON DRIVE PO BOX 21889, CHARLESTON, SC, 29413

NTEE Category

Code: Z99 - Unknown

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