Overview
What is Ila West Gulf Maritime Association Container Royalty Trust Fund 1?
Ila West Gulf Maritime Association Container Royalty Trust Fund 1 is a nonprofit organization based in Houston, Texas, with the address 1717 East Loop North, Suite 200, ZIP code 77029. The primary mission of this organization is to collect and distribute royalties from containers as per a contractual agreement between the International Longshoremen's Association and members of the West Gulf Maritime Association. This trust fund exists to pay supplemental wage benefits to eligible longshoremen.
Is Ila West Gulf Maritime Association Container Royalty Trust Fund 1 legitimate?
Ila West Gulf Maritime Association Container Royalty Trust Fund 1 is a legitimate nonprofit organization registered as a 501(c)(17) entity. Ila West Gulf Maritime Association Container Royalty Trust Fund 1 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Ila West Gulf Maritime Association Container Royalty Trust Fund 1
Ila West Gulf Maritime Association Container Royalty Trust Fund 1 is a mission-driven organization dedicated to the collection and distribution of royalties from containers as outlined in a contractual agreement between the International Longshoremen's Association and members of the West Gulf Maritime Association. In simpler terms, this Trust Fund exists to provide supplemental wage benefits to eligible longshoremen.
The Trust Fund's primary activity revolves around the collection of royalties from containers, which is then distributed among the beneficiaries in accordance with the agreement between the International Longshoremen's Association and the West Gulf Maritime Association members. This partnership ensures a consistent flow of funds to support the wages of longshoremen involved in the container handling industry.
The distribution of these royalties plays a crucial role in enhancing the livelihoods of the eligible longshoremen, offering them additional financial support beyond their regular wages. By doing so, the Ila West Gulf Maritime Association Container Royalty Trust Fund 1 contributes to the overall well-being and financial stability of the longshoremen community.
Impact
This information is meant to be a general summary of Ila West Gulf Maritime Association Container Royalty Trust Fund 1. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of the Ila West Gulf Maritime Association Container Royalty Trust Fund 1 is significant as it facilitates the payment of supplemental wage benefits to eligible longshoremen. By collecting and distributing royalties from containers as per the contractual agreement between the International Longshoremen's Association and members of the West Gulf Maritime Association, this trust fund directly supports these workers in Houston, TX. The fund's activities have a tangible effect on the livelihoods of longshoremen by providing them with additional financial assistance, thereby contributing to their well-being and financial stability.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTAINER ROYALTY ASSESSMENTS
Revenue
$36,806,921
Organization Details
Founding Year
1968
Phone
(713) 678-7655
Principal Officer
Chelsea Wauson
Main Address
1717 EAST LOOP NORTH STE 200, HOUSTON, TX, 77029
NTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Ila West Gulf Maritime Association Container Royalty Trust Fund 1 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.