Carrier Ila Container Royalty Fund

Carrier Ila Container Royalty Fund consistently distributes all revenue as expenses, reporting no officer compensation.

EIN: 133610522 · Lyndhurst, NJ · Updated: 2026-03-28

$256.5MRevenue

$27.0MAssets

90/100Mission Score (Excellent)

About Carrier Ila Container Royalty Fund

Carrier Ila Container Royalty Fund (EIN: 133610522) is a nonprofit organization based in Lyndhurst, NJ. The organization reported total revenue of $256.5M and total assets of $27.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carrier Ila Container Royalty Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Carrier Ila Container Royalty Fund demonstrates a unique financial profile, consistently reporting expenses that exactly match its revenue across all available filings. This suggests a pass-through or trust-like operational model where funds are distributed rather than accumulated. While this exact matching of revenue and expenses could indicate high efficiency in fund distribution, it also limits the traditional analysis of program spending versus administrative or fundraising costs, as these categories are not distinctly separated in the provided data. The organization consistently maintains a relatively stable asset base, with liabilities closely mirroring assets, indicating a balanced financial position without significant net assets. The absence of reported officer compensation across all filings is a notable aspect of its financial transparency, suggesting either a volunteer-led structure or compensation handled through other means not captured in this specific data point.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carrier Ila Container Royalty Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Carrier Ila Container Royalty Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with revenues exceeding $200 million. This suggests that either the organization is entirely volunteer-run at the executive level, or executive compensation is structured in a way that is not reported under 'Officer Comp' in these filings, potentially through related entities or as part of the general expense distribution.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Carrier Ila Container Royalty Fund's IRS 990 filings:

Lack of detailed expense breakdown (all expenses equal revenue, making program/admin/fundraising ratios unclear)
No reported officer compensation for a large organization, raising questions about leadership structure and compensation practices

Strengths

The following positive indicators were identified for Carrier Ila Container Royalty Fund:

Consistent distribution of all revenue as expenses, indicating efficient fund disbursement
Stable financial position with assets consistently exceeding liabilities, albeit by a small margin
Significant and consistent revenue generation over multiple years

Frequently Asked Questions about Carrier Ila Container Royalty Fund

What is the specific purpose of the 'Carrier Ila Container Royalty Fund' and how are its expenses categorized?

Given the consistent exact match between revenue and expenses, and the name 'Royalty Fund', it likely operates as a pass-through entity distributing royalties or similar funds. A detailed breakdown of the 'expenses' would clarify if they are direct distributions to beneficiaries, or if administrative costs are embedded within this single expense line.

How does the organization manage its operations without reported officer compensation?

The absence of reported officer compensation (0%) for an organization of this size is highly unusual. It raises questions about whether leadership is volunteer-based, compensated by a related entity, or if compensation is included in other expense categories not separately disclosed.

Why do liabilities consistently almost equal assets?

The consistent pattern of liabilities closely matching assets (e.g., 202309: Assets=$25,594,574, Liabilities=$25,494,574) suggests that the organization holds minimal net assets and operates primarily with funds that are earmarked for distribution, or that it has significant short-term obligations that are balanced by its current assets.

Filing History

IRS 990 filing history for Carrier Ila Container Royalty Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Carrier Ila Container Royalty Fund's revenue has grown by 110.2%, moving from $115.6M to $243.1M. Total assets increased by 26% over the same period, from $20.3M to $25.6M. Total functional expenses rose by 110.2%, from $115.6M to $243.1M. In its most recent filing year (2023), Carrier Ila Container Royalty Fund reported a surplus of $0, with revenue exceeding expenses. The organization holds $25.5M in liabilities against $25.6M in assets (debt-to-asset ratio: 99.6%), resulting in net assets of $100K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$243.1M	$243.1M	$25.6M	$25.5M	—	View 990
2022	$193.0M	$193.0M	$29.3M	$29.2M	—	—
2021	$248.6M	$248.6M	$28.1M	$28.0M	—	View 990
2020	$228.8M	$228.8M	$29.8M	$29.7M	—	—
2019	$230.5M	$230.5M	$24.1M	$24.0M	—	View 990
2018	$186.7M	$186.7M	$25.7M	$25.6M	—	View 990
2017	$164.4M	$164.4M	$18.2M	$18.1M	—	View 990
2016	$150.5M	$150.5M	$17.2M	$17.1M	—	View 990
2015	$149.0M	$149.0M	$24.2M	$24.1M	—	View 990
2014	$84.3M	$84.3M	$20.1M	$20.0M	—	View 990
2013	$90.1M	$90.1M	$203K	$103K	—	View 990
2012	$132.3M	$132.3M	$21.0M	$20.9M	—	View 990
2011	$115.6M	$115.6M	$20.3M	$20.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $243.1M, expenses of $243.1M, and assets of $25.6M (revenue +26.0% year-over-year).
2022: Revenue of $193.0M, expenses of $193.0M, and assets of $29.3M (revenue -22.4% year-over-year).
2021: Revenue of $248.6M, expenses of $248.6M, and assets of $28.1M (revenue +8.7% year-over-year).
2020: Revenue of $228.8M, expenses of $228.8M, and assets of $29.8M (revenue -0.8% year-over-year).
2019: Revenue of $230.5M, expenses of $230.5M, and assets of $24.1M (revenue +23.5% year-over-year).
2018: Revenue of $186.7M, expenses of $186.7M, and assets of $25.7M (revenue +13.6% year-over-year).
2017: Revenue of $164.4M, expenses of $164.4M, and assets of $18.2M (revenue +9.3% year-over-year).
2016: Revenue of $150.5M, expenses of $150.5M, and assets of $17.2M (revenue +1.0% year-over-year).
2015: Revenue of $149.0M, expenses of $149.0M, and assets of $24.2M (revenue +76.7% year-over-year).
2014: Revenue of $84.3M, expenses of $84.3M, and assets of $20.1M (revenue -6.4% year-over-year).
2013: Revenue of $90.1M, expenses of $90.1M, and assets of $203K (revenue -31.9% year-over-year).
2012: Revenue of $132.3M, expenses of $132.3M, and assets of $21.0M (revenue +14.4% year-over-year).
2011: Revenue of $115.6M, expenses of $115.6M, and assets of $20.3M.

Data Sources and Methodology

This transparency report for Carrier Ila Container Royalty Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.