2024-11-15T09:37:40-06:00 2023-12-31 010448675 OUELLETTE & ASSOCIATES PA 1111 LISBON STREET LEWISTON ME 04240 990 2023-01-01 846696120 Local 861 Employer Container Royalty Trust LOCA 2074005000 254 Commercial Street 122 Portland ME 04101 Chad Fox Trust Administrator 2076503937 2024-11-14 1 1 CONNIE DUNHAM CPA P00512336 2077860328 2024-11-14 2023 2024-10-15 13:58:12Z Chad Fox 254 Commercial Street 122 Portland ME 04101 550701 0 X N/A X Holding Trust 2019 ME The mission of the Trust is to receive container royalty payments earned pursuant to a collective bargaining agreement and then disburse the container royalties to union employees as supplemental income benefits. 4 0 0 0 0 0 0 0 492411 545400 688 5301 0 0 493099 550701 0 0 0 0 428608 426408 0 0 0 105917 106114 534525 532522 -41426 18179 209668 227847 0 0 209668 227847 X The Trust, pursuant to the collective bargaining agreement, will receive container royalty payments earned for services rendered by the members for performing services and disburse to the union members, net of allowable expenses paid, those container royalties as supplemental income benefits. 0 0 532522 550701 The Trust distributes container royalties to union employees as supplemental income benefits. 532522 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 X X Chad Fox 2076503937 254 Commercial Street Suite 122 Portland ME 04101 X Robert Connolly Jr Trustee 0.50 X 0 0 0 Daniel Martorano Trustee 0.50 X 0 0 0 Gylfi Sigfusson Trsutee 0.50 X 0 0 0 Andrew Haines Trustee 0.50 X 0 0 0 0 0 0 0 0 0 0 0 Container Royalty Inco 900099 545400 545400 545400 5301 5301 550701 550701 0 0 X 426408 426408 8400 8400 758 758 4510 4510 84952 84952 635 635 6300 6300 559 559 532522 532522 0 0 209668 227847 209668 227847 0 0 X 0 0 0 0 209668 227847 209668 227847 209668 227847 18179 0 X X 0 1 X 0 0 0 X 550701 0 550701 0 550701 532522 0 532522 0 532522 Part X, Line 2: The cash basis of accounting requires the board of trustees to evaluate tax positions taken by the Trust and recognize a tax liability for any uncertain provision that more likely than not would not be substantiated upon examination by the IRS. The Trust is subject to routine audits by tax authorities; however, there are currently no audits for any tax periods in progress. Part XII, Line 4b - Other Adjustments: PY Outstanding Expenses Paid CY Form 990, Part VI, Section A, line 8b THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD Form 990, Part VI, Section B, line 11b DUE TO TIMING, THE CURRENT YEAR FORM WILL BE REVIEWED BY THE BOARD MEMBERS AFTER THE FORM IS FILED. FOR FUTURE FILINGS, A COPY OF FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 15a THE ADMINISTRATIVE FEES OF THE PLAN ADMINISTRATOR ARE DETERMINED BY THE PLAN TRUSTEES Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S IRS FORM 990 IS AVAILABLE AT THE ORGANIZATION'S HOME OFFICE UPON REQUEST AND CAN ALSO BE FOUND ON THE GUIDESTAR WEBSITE Form 990, Part IX, line 11g Union Dues: Program service expenses 84,909. Management and general expenses 0. Fundraising expenses 0. Total expenses 84,909. Bank Charges: Program service expenses 32. Management and general expenses 0. Fundraising expenses 0. Total expenses 32. Miscellaneous: Program service expenses 11. Management and general expenses 0. Fundraising expenses 0. Total expenses 11. Form 990, Part XII, Line 2c: The Organization did not change it's oversight or selection processes during the tax year ended December 31, 2020.