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: $192,504
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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.
What is the revenue of Container Royalty Supplemental Cash Benefit Plan?
Container Royalty Supplemental Cash Benefit Plan's revenue in 2024 was $39,152,902.
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 2024 was $168. There are 1149 employees at Container Royalty Supplemental Cash Benefit Plan.
Here are 16 key members and their salaries:
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- Related: $194,602
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- Related: $114,786
- Other: $36,442
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 2024 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $471,150
- Program Service Revenue: $38,654,803
- Gross Receipts: $39,152,902
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
$31,584,060
CONTRIB REIMB FROM CRCCF
Revenue
$7,070,743
Organization Details
Founding Year
2014
NTEE Category
Code: Z99 - Unknown
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