International Longshoremens Assn S Fl Ila Container Royalty Fund
- Assets
- $15.0m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Miami, FL
- Founding
- 02/1975
- Data as of
- 09/2021
- EIN
- 59-6251129
Organization Overview
International Longshoremens Assn S Fl Ila Container Royalty Fund is located in Miami, FL. The organization was established in 1975. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2021, International Longshoremens Assn S FL Ila Container Royalty Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Longshoremens Assn S FL Ila Container Royalty Fund is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 09/2021, International Longshoremens Assn S FL Ila Container Royalty Fund generated $15.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $15.3m during the year ending 09/2021. While expenses have increased by 3.3% 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
THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE SUPPLEMENTAL WAGE BENEFITS TO ELIGIBLE UNION MEMBERS AFFECTED BY THE CONTAINERIZATION OF VESSELS USED IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE YEAR ENDED SEPTEMBER 30, 2021, SUPPLEMENTAL WAGE BENEFITS WERE PROVIDED TO 985 ELIGIBLE UNION MEMBERS.
IN THE YEAR ENDED SEPTEMBER 30, 2021, SUPPLEMENTAL WAGE BENEFITS WERE PROVIDED TO 985 ELIGIBLE UNION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Gonzalez Fund Manager | Officer | 10 | $23,925 |
Torin Ragin Trustee | Trustee | 1 | $8,325 |
Anthony Arrufat Trustee | Trustee | 1 | $8,325 |
Johnnie Dixon Trustee | Trustee | 1 | $8,325 |
Christopher Roland Former Trust | 0 | $8,325 | |
Ellis Canty Former Trust | 0 | $8,325 |
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 | $15,284,977 |
| Investment income | $26,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,311,387 |
| 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 | $11,432,730 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,411 |
| Pension plan accruals and contributions | $29,744 |
| Other employee benefits | $46,238 |
| Payroll taxes | $873,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,200 |
| Fees for services: Accounting | $54,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,638,321 |
| Total functional expenses | $15,340,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,011 |
| Savings and temporary cash investments | $10,193,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,717,805 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,335 |
| Investments—publicly traded securities | $1,439,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,531,534 |
| Total assets | $14,989,550 |
| Accounts payable and accrued expenses | $8,645 |
| 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 | $14,952,535 |
| Total liabilities | $14,961,180 |
| Net assets without donor restrictions | $28,370 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $14,989,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Education Association Tallahassee, FL | $61,306,986 | $37,353,191 |
United Food & Commercial Workers Local 1000 & Kroger Dallas Health Pembroke Pines, FL | $19,077,558 | $29,474,183 |
Southern States Police Benevolent Association Inc Mcdonough, GA | $14,043,615 | $16,142,933 |
International Longshoremens Assn S Fl Ila Container Royalty Fund Miami, FL | $14,989,550 | $15,311,387 |
Seafarers International Union Of North American Dania Beach, FL | $23,905,405 | $12,764,369 |
Alabama Farmers Federation Inc Montgomery, AL | $51,185,897 | $13,567,426 |
Florida Police Benevolent Association Inc Tallahassee, FL | $14,595,593 | $11,620,647 |
United Teachers Of Dade Miami Springs, FL | $14,323,353 | $11,858,827 |
International Brotherhood Of Teamsters Atlanta, GA | $23,489,965 | $15,555,730 |
United Food And Commercial Workers International Union Suwanee, GA | $6,071,667 | $10,158,607 |
American Federation Of Teachers Tamarac, FL | $9,473,418 | $9,327,723 |
Georgia Poultry Improvement Association Incorporated Gainesville, GA | $416,382 | $8,139,653 |