2024-09-13T14:10:20-05:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2023-01-01 223250193 PORT AUTHORITY LBA INC PORT 7322419819 241 ERIE STREET 226 JERSEY CITY NJ 07310 MATTHEW REHEIS TREASURER 7322419819 2024-08-13 1 0 EDMOND BRADY P00100199 9082726200 2024-08-13 2023 2024-08-08 14:25:15Z JAMES GRIGLIO PRES 241 ERIE STREET 226 JERSEY CITY NJ 07310 501569 0 X PANYNJLBA.ORG X 1993 NJ THE ORGANIZATION WAS ESTABLISHED TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES. 7 7 0 7 0 0 10000 0 360430 331546 10325 -39115 0 0 380755 292431 22089 33214 70365 22016 65670 68853 0 0 0 294600 272725 452724 396808 -71969 -104377 1720208 1844083 14069 0 1706139 1844083 X THE ORGANIZATION WAS ESTABLISHED TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES. 0 0 TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES. 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 1 1 0 X X MATTHEW REHEIS 2012162093 241 ERIE STREET 226 JERSEY CITY NJ 07310 X JAMES GRIGLIO PRESIDENT 40.00 X X 0 0 0 DANIEL RHEIN 1ST VICE-PRESIDENT 10.00 X X 0 0 0 DAN MCCABE 2ND VICE-PRESIDENT 10.00 X X 0 0 0 RYAN UST COR. SECRETARY 10.00 X X 0 0 0 OSCAR RUIZ REC. SECRETARY 5.00 X X 0 0 0 MATTHEW REHEIS TREASURER 10.00 X X 0 0 0 JOHN MADIGAN JR SGT. AT ARMS 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 900099 331546 331546 331546 29410 29410 140613 209138 -68525 -68525 -68525 292431 331546 0 -39115 33214 22016 68853 126683 2200 5933 13858 15926 2446 34630 67186 3863 396808 153994 47594 26419 26424 469318 748441 117559 58272 952918 963352 1720208 1844083 14069 0 14069 0 X 1706139 1844083 1706139 1844083 1720208 1844083 X -104377 124889 117432 X X 1 X 0 0 0 1 1 0 0 CASH SURRENDER VALUE 963352 963352 X PART X, LINE 2: THE LBA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE LBA HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE LBA IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS WHO ARE LIEUTENANTS WITHIN THE PORT AUTHORITY POLICE DEPARTMENT. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS VOTE TO ELECT MEMBERS OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON APPROVING CHANGES IN THE ORGANIZATION'S BYLAWS AND APPROVING OTHER SIGNIFICANT DECISIONS OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RECEIVES A ELECTRONIC COPY OF THE 990. THE PRESIDENT AND TREASURER REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD PERIODICALLY REVIEWS AND SETS THE OFFICERS' COMPENSATION AND DEFINES THE POLICY FOR ALL OTHER COMPENSATION. COMPENSATION WAS DETERMINED BASED ON PERFORMANCE AND ECONOMIC FACTORS. PERIODICALLY THE BOARD WILL EXAMINE THE COMPENSATION OF SIMILAR POSITIONS IN THE IMMEDIATE GEOGRAPHIC AREA AS WELL AS THOSE THROUGHOUT THE REGION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON THE IRS WEBSITE, GUIDESTAR.ORG, AND OTHER SIMILIAR TYPES OF WEBSITES. INTERESTED PARTIES CAN ALSO CONTACT THE PRESIDENT AT 241 ERIE STREET, JERSEY CITY, NJ 07310 OR BY CALLING 732-241-9819. FORM 990, PART XI, LINE 9: CHANGE IN CSV - OLI 117,432. PAGE 12, PART XII LINE 1 THE MODIFIED CASH BASIS IS A METHOD THAT COMBINES ELEMENTS OF THE TWO MAJOR BOOKKEEPING PRACTICES: CASH AND ACCRUAL ACCOUNTING. IT SEEKS TO GET THE BEST OF BOTH WORLDS, RECORDING SALES AND EXPENSES FOR LONG-TERM ASSETS ON AN ACCRUAL BASIS AND THOSE OF SHORT-TERM ASSETS ON A CASH BASIS. THE GOAL IS TO PROVIDE A CLEARER FINANCIAL PICTURE WITHOUT PORT AUTHORITY LBA, INC. 22-3250193 DEALING WITH THE COSTS OF SWITCHING TO FULL-BLOWN ACCRUAL ACCOUNTING.