Overview
What is Ila West Gulf Maritime Association Container Royalty Trust Fund 2?
The Ila West Gulf Maritime Association Container Royalty Trust Fund 2 is a nonprofit organization situated in Houston, Texas. Its primary mission is to collect and distribute royalties stemming from container usage, as per a contractual agreement between the International Longshoremen's Association and members of the West Gulf Maritime Association. This fund's primary goal is to provide benefits to longshoremen. The trust fund operates within the jurisdiction of Texas, with its headquarters located at 1717 EAST LOOP NORTH STE 200.
Is Ila West Gulf Maritime Association Container Royalty Trust Fund 2 legitimate?
Ila West Gulf Maritime Association Container Royalty Trust Fund 2 is a legitimate nonprofit organization registered as a 501(c)(5) entity. Ila West Gulf Maritime Association Container Royalty Trust Fund 2 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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What is the mission statement of Ila West Gulf Maritime Association Container Royalty Trust Fund 2?
The Ila West Gulf Maritime Association Container Royalty Trust Fund 2's mission is focused on collecting and distributing royalties derived from containers, as outlined in a contractual agreement between the International Longshoremen's Association and members of the West Gulf Maritime Association. This process serves the purpose of providing benefits to longshoremen. The trust fund functions as a intermediary, facilitating the transfer of these royalty payments, thereby supporting the longshoremen community.
Who is the CEO of Ila West Gulf Maritime Association Container Royalty Trust Fund 2?
Chelsea Wauson is the Trustee-Chai of Ila West Gulf Maritime Association Container Royalty Trust Fund 2.
What is the revenue of Ila West Gulf Maritime Association Container Royalty Trust Fund 2?
Ila West Gulf Maritime Association Container Royalty Trust Fund 2's revenue in 2022 was $8,547,527.
Who are the executives of Ila West Gulf Maritime Association Container Royalty Trust Fund 2 and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Ila West Gulf Maritime Association Container Royalty Trust Fund 2?
Ila West Gulf Maritime Association Container Royalty Trust Fund 2's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ila West Gulf Maritime Association Container Royalty Trust Fund 2
Ila West Gulf Maritime Association Container Royalty Trust Fund 2 is a mission-driven organization with a primary focus on distributing benefits to longshoremen. This is achieved through the collection and distribution of royalties from containers, as per a contractual agreement between the International Longshoremen's Association and members of the West Gulf Maritime Association. The trust fund serves as an essential source of income for longshoremen, ensuring they receive their due compensation for their work in the maritime industry. By managing and distributing these royalties, Ila West Gulf Maritime Association Container Royalty Trust Fund 2 plays a crucial role in supporting the financial well-being of longshoremen, thereby contributing to the stability and sustainability of the maritime workforce.
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Impact
October, 2024
Ila West Gulf Maritime Association Container Royalty Trust Fund 2 plays a crucial role in supporting longshoremen by managing the collection and distribution of royalties generated from container operations. This financial mechanism ensures that longshoremen receive benefits derived from contractual agreements between the International Longshoremen's Association and members of the West Gulf Maritime Association. By facilitating a fair distribution of funds, the trust fund enhances the economic stability of workers in the maritime industry, ultimately contributing to better working conditions and financial security for the longshoremen in Houston and the surrounding region.
This information is meant to be a general summary of Ila West Gulf Maritime Association Container Royalty Trust Fund 2. 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: $23,582
- Program Service Revenue: $8,523,295
- Gross Receipts: $8,547,527
Assets and Liabilities:
- Total Assets: $8,502,548
- Total Liabilities: $8,502,548
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTAINER ROYALTY ASSESSMENTS
Revenue
$8,500,000
SUPPLEMENTAL WAGE INCOME
Revenue
$23,295
Organization Details
Founding Year
1971
Phone
(713) 678-7655Principal Officer
Chelsea Wauson
Main Address
1717 EAST LOOP NORTH STE 200, HOUSTON, TX, 77029
NTEE Category
Code: Y20 - Mutual benefit
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