Container Royalties Supplemental FY2022 filing

Not tax-deductible

Charleston, SC501(c)(5)Since 2014UnclassifiedEIN 57-0551096Revenue $39.7M in FY2022

On file with the IRS899 Morrison Dr, 29403-4206 · Charleston, SCTax-exempt since Aug 2014

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The purpose of the plan is to provide Supplemental cash benefits to eligible participants, funded by Container Royalties from employers based, generally, on the handling of containers.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
6 of 6
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25.1M
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
$39.7M
+8% vs prior year
Spent
$39.7M
Net assets
$0
By yearFY2020–FY2025
Revenue
$39.7M
FY2022▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$33.8M
FY2021$36.8M
FY2022$39.7M
FY2023$44.0M
FY2024$39.2M
FY2025$38.2M
Expenses
$39.7M
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$33.8M
FY2021$36.8M
FY2022$39.7M
FY2023$44.0M
FY2024$39.2M
FY2025$38.2M
Net assets
$0
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Co-Chairman/Tru
$0Pt VII · Sec A
Co-Chairman/Tru
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
Labor Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Alt Mgt Trustee
$0Pt VII · Sec A
See Container Royalties Supplemental executive salaries →

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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 15aYes

Programs and updates

Provides cash benefits to eligible participants funded by container royalties.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

The purpose of the plan is to provide supplemental cash benefits to eligible participants, funded by container royalties from employers based, generally, on the handling of containers.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$39.7M
Ln 12
Fees for servicesLn 2g$39.7M
Investment incomeLn 3$11K
Money outPt IX
$39.7M
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$24.1M
Total assetsLn 16$25.1M
LiabilitiesLn 26$25.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$39.7M
Investment incomeLn 3$11K
Total revenueLn 12$39.7M
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$23.9M
Cash and savings togetherLn 1–2$24.1M
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$25.1M
LiabilitiesLn 26$25.1M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 5929
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$24.2M$24.1M
Land, buildings, equipmentLn 10c$37K$9K
Total assetsLn 16$25.2M$25.1M
LiabilitiesLn 26$25.2M$25.1M
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$23.7M
Other salaries and wagesLn 7$190K
Pension plan contributionsLn 8$29K
Other employee benefitsLn 9$57K
Payroll taxesLn 10$1.8M
Legal feesLn 11b$18K
Accounting feesLn 11c$42K
Office expensesLn 13$39K
Information technologyLn 14$16K
OccupancyLn 16$61K
Depreciation, depletion and amortizationLn 22$29K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$13.7M
Total functional expensesLn 25$39.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $38.2M$38.2M$0$0 990 PDF
FY2024 $39.2M$39.2M$0$0 990 PDF
FY2023 $44.0M$44.0M$0$0 990 PDF
FY2022 Viewing $39.7M$39.7M$0$0 990 PDF
FY2021 $36.8M$36.8M$0$0 990 PDF
FY2020 $33.8M$33.8M$0$0 990 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 FY2022 990 (6 parts)
Part I · Summary $39,744,859 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $36,767,703$39,733,497
I-10 Investment incomePrior year $16,205$11,362
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $36,783,908$39,744,859
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $22,008,430$23,743,901
I-15 Salaries and benefitsPrior year $1,933,714$2,104,323
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,841,764$13,896,635
I-18 Total expensesPrior year $36,783,908$39,744,859
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $39,744,859 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,733,497$39,733,497
VIII-3 Investment incomeExcluded from tax $11,362$11,362
VIII-12 Total revenueRelated to mission $39,733,497 · Unrelated business $0 · Excluded from tax $11,362$39,744,859
Part IX · Statement of functional expenses $39,744,859 across 13 lines filed
IX-4 Benefits paid to or for members$23,743,901
IX-7 Other salaries and wages$189,856
IX-8 Pension plan contributions$29,350
IX-9 Other employee benefits$56,609
IX-10 Payroll taxes$1,828,508
IX-11b Legal fees$17,672
IX-11c Accounting fees$42,000
IX-13 Office expenses$38,519
IX-14 Information technology$16,411
IX-16 Occupancy$60,817
IX-22 Depreciation, depletion and amortization$28,639
IX-23 Insurance$24,502
IX-24 Other expenses (24a–d)$13,668,075
IX-25 Total functional expenses$39,744,859
Part X · Balance sheet $25,129,094 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $149,760$124,253
X-2 Savings and temporary cash investmentsStart of year $24,029,782$23,925,934
X-4 Accounts receivableStart of year $943,505$1,068,810
X-9 Prepaid expenses and deferred chargesStart of year $1,245$1,245
X-10c Land, buildings and equipment, netStart of year $37,491$8,852
X-16 Total assetsStart of year $25,161,783$25,129,094
X-17 Accounts payable and accrued expensesStart of year $41,999$41,999
X-25 Other liabilitiesStart of year $25,119,784$25,087,095
X-26 Total liabilitiesStart of year $25,161,783$25,129,094
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $25,161,783$25,129,094
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$39,744,859
XI-2 Total expenses$39,744,859
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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