Pmta-Ila Vacation Fund
- Assets
- $9.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 12/1982
- Data as of
- 09/2021
- EIN
- 23-2022561
Organization Overview
Pmta-Ila Vacation Fund is located in Cherry Hill, NJ. The organization was established in 1982. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pmta-Ila Vacation Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, Pmta-Ila Vacation Fund generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $8.4m during the year ending 09/2021. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNION EMPLOYER SPONSORED VACATION BENEFIT FUND WHICH PAYS A SEMI-ANNUAL BENEFIT DISTRIBUTION TO ELIGIBLE PARTICIPANTS. THE FUND ALSO PROVIDES LIFE INSURANCE AND DISABILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN WAS ESTABLISHED AS A RESULT OF A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE PMTA AND THE ILA. BENEFITS ARE FUNDED BY EMPLOYER CONTRIBUTIONS AND SUBSIDIES FROM CONTAINER ROYALTY FUND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Eells Union Trustee | Trustee | 2 | $0 |
William Ashe Jr Union Trustee | Trustee | 2 | $0 |
Jim Lyons Employer Trustee | Trustee | 2 | $0 |
Andrew Sentyz Employer Trustee | Trustee | 2 | $0 |
Lee W Cole Jr Union Trustee | Trustee | 2 | $0 |
Martin Masculli Union Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Processing Inc Third Party Administration | 9/29/20 | $188,904 |
Ila Benefit Fund Office Union Benefit Administration | 9/29/20 | $104,170 |
Ila Benefit Fund Office Union Benefit Administration | 9/29/20 | $104,170 |
Benefit Processing Inc Third Party Administration | 9/29/20 | $188,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,068,307 |
| Investment income | $93,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,347,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,926,686 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $250,884 |
| Other employee benefits | $131,683 |
| Payroll taxes | $11,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,370 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,384 |
| Information technology | $12,346 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,633 |
| All other expenses | $0 |
| Total functional expenses | $8,432,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,044,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,997,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,971 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,521,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,877 |
| Total assets | $9,587,968 |
| Accounts payable and accrued expenses | $35,441 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,061,035 |
| Total liabilities | $5,096,476 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,491,492 |
| Total liabilities and net assets/fund balances | $9,587,968 |
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