2023-11-15T11:16:27-06:00 2022-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2022-01-01 221010703 INTERNATIONAL LONGSHOREMENS 1588 ILA INTE 2014373452 550 KENNEDY BLVD BAYONNE NJ 070022620 VIRGIL MALDONADO PRESIDENT 2014373452 2023-11-15 1 VIRGIL MALDONADO 999009999 1 JON S GAGLIARDI CPA P00528721 9082727000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VIRGIL MALDONADO 550 KENNEDY BLVD BAYONNE NJ 070022620 2929748 0 X N/A X 1938 NJ ORDINARY UNION ACTIVITIES SERVING MEMBERSHIP 9 4 24 0 0 0 926344 1006562 0 0 309347 538190 155312 60460 1391003 1605212 0 0 0 0 857922 964481 0 0 0 360680 613649 1218602 1578130 172401 27082 3714728 2634236 304460 40 3410268 2634196 ORDINARY UNION ACTIVITIES SERVING MEMBERSHIP 0 0 ALL RELATED UNION ACTIVITIES IN SERVING MEMBERSHIP 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 4 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 X INTERNATIONAL LONGSHOREMENS 1588 ILA 2014373452 550 KENNEDY BLVD BAYONNE NJ 07002 ROGER PEREZ TRUSTEE/BUSINESS AGENT 0.50 0.50 X 13488 0 0 DAVID MALDONADO TRUSTEE 0.50 0.50 X 20316 0 0 MICHAEL ACETI TRUSTEE 0.50 0.50 X 10484 0 900 VIRGIL MALDONADO PRESIDENT 39.00 1.00 X 382693 0 10800 PAUL PAUDANO WAREHOUSE VICE PRESIDENT 0.50 0.50 X 13544 0 1320 MARK SANTORO SECRETARY/TREASURER 39.00 1.00 X 131885 0 1320 DONNELL LINTON BUSINESS AGENT 1.50 0.50 X 4768 0 900 NEIL PACILIO RECORDING SECRETARY 39.00 1.00 X 61613 0 1320 VITO RECCHIA DEEP SEA VICE PRESIDENT 0.50 0.50 X 8820 0 1320 WILLIAM SAMPSON VP APRI OF HUDSON COUNTY 0.50 0.50 X 10284 0 0 BRENDA EAGLE OFFICE MANAGER 39.00 1.00 X 163686 0 900 821581 0 18780 3 0 1 0 0 1006562 1006562 72844 72844 1789882 1324536 465346 465346 465346 INITIATION, WITHDRAWAL & OUT-OF-W 900099 53100 53100 COURT ORDERED RESTITUTION 900099 7360 7360 60460 1605212 60460 0 538190 821581 50850 24194 21412 46444 59128 32400 19292 78451 28274 3000 31365 43225 48992 12058 20706 DONATIONS & CONTRIBUTIO 72059 HOLIDAY EXPENSE 51146 MEMBER GOODWILL & WELFA 49487 UNION SOLIDARITY 27650 36416 1578130 85033 44725 122800 111126 22861 0 193807 90772 115093 103035 2752110 1894992 616831 480358 3714728 2634236 7410 0 297050 40 304460 40 X 3410268 2634196 3410268 2634196 3714728 2634236 27082 -948240 145086 0 X X 0 1 X 1 0 0 0 0 1006562 122259 23750 98509 71548 67022 4526 103035 ADVANCES TO LOCAL 1588 CORPORATION 480358 480358 PAYROLL WITHHOLDINGS 40 40 X 656972 -948240 -948240 1605212 0 1605212 1578130 0 1578130 0 1578130 PART X, LINE 2: THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL UNION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITITES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL UNION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2022 AND 2021. THE LOCAL UNION OBTAINED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE AND FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. ILA 1588 CORP OBTAINED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE AND FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. X X 0 0 0 VIRGIL MALDONADO PRESIDENT 382693 0 0 0 0 0 0 0 0 0 382693 0 0 0 BRENDA EAGLE OFFICE MANAGER 163686 0 0 0 0 0 0 0 45606 0 209292 0 0 0 PART I, LINE 3 BRENDA EAGLE SALARY IS DETERMINED BY WRITTEN EMPLOYMENT CONTRACT. OFFICER SALARIES ARE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT PAY DUES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO HAVE THE RIGHT TO VOTE AND ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN ACCOUNTING PROFESSIONAL, REVIEWED AND SIGNED BY THE PRINCIPAL OFFICER OF THE LOCAL UNION, AND FILED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 1 THE METHOD OF ACCOUNTING HAS CHANGED TO MODIFIED CASH BASIS FOR THE CURRENT YEAR FORM 990, PART XXI, LINE 2C THE TRUSTEES AND OFICERS ARE RESPONSBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT AUDITORS. FORM 990, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENT WAS DUE TO A CHANGE IN BASIS OF ACCOUNTING, IN PREVIOUS YEARS, THE LOCAL PREPARED ITS FINANCIAL STATEMENTS USING ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, WHICH DOES NOT YIELD MATERIALLY DIFFERENT RESULTS FROM THOSE FOR THE MODIFIED CASH BASIS OF ACCOUNTING. THE FOLLOWING ASSETS & LIABILITIES WERE EFFECTED BY THE CHANGE IN BASIS OF ACCOUNTING ASSETS BEGINNING BALANCE DIFFERENCES PREPAID EXPENSES ($22,861) ACCRUED INTEREST RECEIVABLE ($939) DUES & ASSESSMENTS RECEIVABLE ($129,362) MISCELLANEOUS RECEIVABLE ($6,172) LIABILITIES BEGINNING BALANCE DIFFERENCES ACCRUED EXPENSES - $7,410 DUES REFUND - $297,050 CURRENT LIABILITY PAYROLL WITHHOLDINGS ($40) INTL LONGSHOREMENS 1588 CORP 550 KENNEDY BLVD BAYONNE NJ 070022620 900140634 LEASE OF LAND AND BUILDINGS TO INTL LONGSHOREMENS 1588 ILA NJ 501(C) 2 INTERNATIONAL LONGSHOREMENS 1588 ILA 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 ILA 1588 CORP K 27200 RENT