Container Royalty Central Collection Fund

Not tax-deductible

Lyndhurst, NJ501(c)(6)Community DevelopmentEIN 46-2758874Revenue $2.7M in FY2025

On file with the IRS125 Chubb Ave Ste 350nb, 07071-3579 · Lyndhurst, NJTax-exempt since Aug 2014

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The organization was formed to collect all assessments payable to the fund in accordance with the Master Contract between the International Longshoremen's Association AFL-CIO and the United States Maritime Alliance, Ltd.

$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $470K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.1M
to officers and key staff · 41% of spending
Top officer’s pay higher than 93% of similar orgs
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
1107 mo
of spending, in cash
Looks good: 1107.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$541.5M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+3% vs prior year
Spent
$2.8M
Net assets
$244K
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$5.0M
FY2022$1.9M
FY2024$2.6M
FY2025$2.7M
Expenses
$2.8M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$1.5M
FY2024$2.7M
FY2025$2.8M
Net assets
$244K
FY2025▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$140K
FY2021−$17K
FY2022$314K
FY2024$343K
FY2025$244K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$394,967Pt VII · Sec A
Vice President
$281,877Pt VII · Sec A
Director
$243,891Pt VII · Sec A
$222,305Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul McCarthy’s $395K as President is at the 93rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Charles Flynn————$416,255
Paul McCarthy$394,967$387,765$411,578$349,296$309,886
Eileen Mackell$281,877$289,113$277,013$264,349$256,157
Jason Kohler$243,891$251,837$237,539$149,556—
Andrew McKenzie$222,305$97,792———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Collects all fund assessments as required by the Master Contract.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

In accordance with the master contract the fund collects assessments made by management and distributes the appropriate amounts to a number of separate joint labor management funds which provide collectively bargainined benefits

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$64K
Money outPt IX
$2.8M
Ln 25
Owns and owesPt X
$244K
net assets · Ln 32
Cash and savingsLn 1–2$254.5M
Total assetsLn 16$541.7M
LiabilitiesLn 26$541.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$64K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$20.4M
SavingsLn 2$234.0M
Cash and savings togetherLn 1–2$254.5M
InvestmentsLn 11–13$199.4M
Land, buildings, equipmentLn 10c$25K
Other assetsLn 15$79K
Total assetsLn 16$541.7M
LiabilitiesLn 26$541.5M
Net assetsLn 32$244K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$184.2M$254.5M
InvestmentsLn 11–13$185.1M$199.4M
Land, buildings, equipmentLn 10c$48K$25K
Total assetsLn 16$583.5M$541.7M
LiabilitiesLn 26$583.1M$541.5M
Net assetsLn 32$343K$244K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.4M
Payroll taxesLn 10$62K
Management feesLn 11a$495K
Legal feesLn 11b$43K
Accounting feesLn 11c$27K
Other fees for servicesLn 11g$409K
Office expensesLn 13$4K
Information technologyLn 14$37K
TravelLn 17$63K
Depreciation, depletion and amortizationLn 22$23K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$182K
Total functional expensesLn 25$2.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$2.8M−$99K$244K 990 PDF
FY2024 $2.6M$2.7M−$77K$343K 990 PDF
FY2023 Not on file
FY2022 $1.9M$1.5M$331K$314K 990 PDF
FY2021 $5.0M$2.7M$2.4M−$17K 990 PDF
FY2020 $2.2M$2.4M−$192K$140K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,659,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,491,250$2,595,000
I-10 Investment incomePrior year $87,644$64,360
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,578,894$2,659,360
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,411,324$1,461,008
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,244,231$1,297,203
I-18 Total expensesPrior year $2,655,555$2,758,211
I-19 Revenue less expensesPrior year −$76,661−$98,851
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,659,360 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,595,000$2,595,000
VIII-3 Investment incomeExcluded from tax $64,360$64,360
VIII-12 Total revenueRelated to mission $2,595,000 · Unrelated business $0 · Excluded from tax $64,360$2,659,360
Part IX · Statement of functional expenses $2,758,211 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$1,399,247
IX-10 Payroll taxes$61,761
IX-11a Management fees$494,998
IX-11b Legal fees$43,112
IX-11c Accounting fees$27,268
IX-11g Other fees for services$408,871
IX-13 Office expenses$4,389
IX-14 Information technology$36,858
IX-17 Travel$62,980
IX-22 Depreciation, depletion and amortization$22,967
IX-23 Insurance$13,292
IX-24 Other expenses (24a–d)$182,468
IX-25 Total functional expenses$2,758,211
Part X · Balance sheet $541,717,397 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $22,335,301$20,433,711
X-2 Savings and temporary cash investmentsStart of year $161,856,666$234,018,963
X-4 Accounts receivableStart of year $214,069,980$87,698,154
X-9 Prepaid expenses and deferred chargesStart of year $84,794$92,948
X-10c Land, buildings and equipment, netStart of year $48,108$25,142
X-11 Publicly traded securitiesStart of year $11,454,237$8,501,270
X-12 Other securitiesStart of year $173,602,998$190,868,413
X-15 Other assetsStart of year $38,256$78,796
X-16 Total assetsStart of year $583,490,340$541,717,397
X-17 Accounts payable and accrued expensesStart of year $98,065$368,250
X-19 Deferred revenueStart of year $3,245,000$650,000
X-25 Other liabilitiesStart of year $232,032,410$105,756,120
X-26 Total liabilitiesStart of year $583,147,348$541,473,256
X-27 Net assets without donor restrictionsStart of year $342,992$244,141
X-32 Total net assets or fund balancesStart of year $342,992$244,141
X-33 Total liabilities and net assetsStart of year $583,490,340$541,717,397
Part XI · Reconciliation of net assets $244,141 net assets at year end
XI-1 Total revenue$2,659,360
XI-2 Total expenses$2,758,211
XI-3 Revenue less expenses−$98,851
XI-4 Net assets at start of year$342,992
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$244,141

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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