Liabilities / Assets
27th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 99-0345010 • 501(c)9 • Honolulu, HI
Profile
Voluntary employees' beneficiary association trust for bargaining unit employees is to provide postretirement health and group life insurance benefits to eligible bargaining unit employees of young brothers, limited. An active bargaining unit employee of young brothers, limited who retires after qualifying for a pension benefit on the date of termination under the young brothers, limited pension plan is eligible for postretirement benefits from this trust.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
27th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
31st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
59th percentile
Higher top officer pay than 59% of similar nonprofits.
Top officer pay equals 17.9% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Assets
Up$20,075,949
Up $1,085,580 (+5.7%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$20,075,949
Up $1,085,580 (+5.7%) from 2023
Revenue
Down$62,617
Down $16,865 (-21%) from 2023
Expenses
Down$757,798
Down $482 (-0.1%) from 2023
Net Income
Down-$695,181
Down $16,383 (-2.4%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Voluntary employees' beneficiary association trust for bargaining unit employees is to provide postretirement health and group life insurance benefits to eligible bargaining unit employees of young brothers, limited. An active bargaining unit employee of young brothers, limited who retires after qualifying for a pension benefit on the date of termination under the young brothers, limited pension plan is eligible for postretirement benefits from this trust.
Provide postretirement benefits to eligible bargaining unit employees of young brothers, ltd.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $18,990,369 | $20,075,949 | ▲ $1,085,580 |
| Investments in Publicly Traded Securities | $18,989,959 | $20,075,205 | ▲ $1,085,246 |
| Accounts Receivable | $393 | $724 | ▲ $331 |
| Cash and Non-Interest-Bearing Accounts | $17 | $20 | ▲ $3 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $18,990,369 | $20,075,949 | ▲ $1,085,580 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $18,990,369 | $20,075,949 | ▲ $1,085,580 |
| Total Liabilities and Net Assets / Fund Balance | $18,990,369 | $20,075,949 | ▲ $1,085,580 |
| Name | Title | Base | Total |
|---|---|---|---|
| - | Company Trustee | $11,222 | $11,222 |
| Name | Title |
|---|---|
| Alain Durand | Committee Member |
| Chris Edwards | Committee Member |
| Kris Nakagawa | Committee Member |
| Steve Haft | Committee Member |
| Line Item | Amount |
|---|---|
| Other Expenses | $140,455 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $617,343 |
| Fees for Services Other | - | - | - | $85,251 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $33,482 |
| Fees for Services Management | - | - | - | $11,222 |
| Fees for Services Accounting | - | - | - | $10,500 |
| Total Functional Expenses | $0 | $0 | $0 | $757,798 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $757,798 |
| Expenses per Audited Statements | $724,316 |
| Total Expenses per Audited Statements | $724,316 |
| Expenses Not Reported on Financial Statements | $33,482 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The young brothers limited veba trust for bargaining unit employees ("trust") was established by young brothers, limited. Young brothers, limited is an independent subsidiary of foss maritime company (fmc). Fmc has authority to appoint new institutional trustees. The fmc retirement committee also has authority to make investment decisions for the organization. The bank of new york mellon is a trustee and custodian of investments for the trust.”
“Fmc has authority to appoint new institutional trustees.”
“The president of fmc and the president of young brothers, limited, have authority to approve or reject decisions made by the institutional trustee, matrix trust company.”
“Form 990 is reviewed, approved, and signed by the director of finance of young brothers, limited, the employer who established the trust.”
“The trust, as well as young brothers, limited, is covered by fmc policies which include a conflicts of interest policy as well as a whistleblower policy. Since the trust does not have any employees, no annual confirmation process is executed at the trust level. The trustee is subject to erisa fiduciary responsibility requirements which include rules regarding prohibited transactions and conflicts of interests.”
“The governing documents, conflict of interest policy and financial statements are available for public inspection upon request.”
“Administrative expenses 85,251.”
“On november 29, 2000, the internal revenue service issued an exemption letter on the qualification of the plan under section 501(a) of the code. Therefore, the plan's trust is exempt from federal income taxes under section 501(c) of the code. The plan has been amended since receiving the exemption letter. However, the plan administrator believes that the plan is designed and is currently being operated in compliance with the applicable requirements of the code and, therefore, believes that the plan is qualified, and the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require the plan administrator to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of december 31, 2024, 2023, and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 393 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 724 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE POSTRETIREMENT BENEFITS TO ELIGIBLE BARGAINING UNIT EMPLOYEES OF YOUNG BROTHERS, LTD. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 0 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 617343 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CHRIS EDWARDS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8085439483 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PIER 40 1331 N NIMITZ HWY |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HONOLULU |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | HI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 96817 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 17 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 20 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 617343 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 62617 |
| IRS990/CYOtherExpensesAmt | 0 | 140455 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -695181 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 757798 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 62617 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | GROUP LIFE INSURANCE AND HEALTH PLAN - TO PROVIDE GROUP LIFE, MEDICAL COVERAGE, PRESCRIPTION DRUG COVERAGE AND VISION BENEFITS TO ELIGIBLE BARGAINING UNIT RETIREES OF YOUNG BROTHERS, LIMITED. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10500 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 11222 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 85251 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 33482 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 0 | THE BANK OF NEW YORK MELLON |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CHRIS EDWARDS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KRIS NAKAGAWA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ALAIN DURAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | STEVE HAFT |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 11222 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | COMMITTEE MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | COMMITTEE MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | COMMITTEE MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | COMMITTEE MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | COMPANY TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/FormationYr | 0 | 1999 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 62388 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 766364 |
| IRS990/GrossReceiptsAmt | 0 | 766593 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 229 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 229 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 18989959 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 20075205 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | HI |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 703976 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST FOR BARGAINING UNIT EMPLOYEES IS TO PROVIDE POSTRETIREMENT HEALTH AND GROUP LIFE INSURANCE BENEFITS TO ELIGIBLE BARGAINING UNIT EMPLOYEES OF YOUNG BROTHERS, LIMITED. AN ACTIVE BARGAINING UNIT EMPLOYEE OF YOUNG BROTHERS, LIMITED WHO RETIRES AFTER QUALIFYING FOR A PENSION BENEFIT ON THE DATE OF TERMINATION UNDER THE YOUNG BROTHERS, LIMITED PENSION PLAN IS ELIGIBLE FOR POSTRETIREMENT BENEFITS FROM THIS TRUST. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 18990369 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 20075949 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 62388 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 62388 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 1780761 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | ASHLEE KISHIMOTO |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 577398 |
| IRS990/PYContributionsGrantsAmt | 0 | 77750 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 211 |
| IRS990/PYOtherExpensesAmt | 0 | 180882 |
| IRS990/PYOtherRevenueAmt | 0 | 1521 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -678798 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 758280 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 79482 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -695181 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 18990369 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 20075949 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 33482 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 724316 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 33482 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 33482 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 1780761 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 1780761 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 33482 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 29135 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ON NOVEMBER 29, 2000, THE INTERNAL REVENUE SERVICE ISSUED AN EXEMPTION LETTER ON THE QUALIFICATION OF THE PLAN UNDER SECTION 501(A) OF THE CODE. THEREFORE, THE PLAN'S TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) OF THE CODE. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE EXEMPTION LETTER. HOWEVER, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE AND, THEREFORE, BELIEVES THAT THE PLAN IS QUALIFIED, AND THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE PLAN ADMINISTRATOR TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, 2023, AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 757798 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 62617 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1809896 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 724316 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE YOUNG BROTHERS LIMITED VEBA TRUST FOR BARGAINING UNIT EMPLOYEES ("TRUST") WAS ESTABLISHED BY YOUNG BROTHERS, LIMITED. YOUNG BROTHERS, LIMITED IS AN INDEPENDENT SUBSIDIARY OF FOSS MARITIME COMPANY (FMC). FMC HAS AUTHORITY TO APPOINT NEW INSTITUTIONAL TRUSTEES. THE FMC RETIREMENT COMMITTEE ALSO HAS AUTHORITY TO MAKE INVESTMENT DECISIONS FOR THE ORGANIZATION. THE BANK OF NEW YORK MELLON IS A TRUSTEE AND CUSTODIAN OF INVESTMENTS FOR THE TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FMC HAS AUTHORITY TO APPOINT NEW INSTITUTIONAL TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE PRESIDENT OF FMC AND THE PRESIDENT OF YOUNG BROTHERS, LIMITED, HAVE AUTHORITY TO APPROVE OR REJECT DECISIONS MADE BY THE INSTITUTIONAL TRUSTEE, MATRIX TRUST COMPANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FORM 990 IS REVIEWED, APPROVED, AND SIGNED BY THE DIRECTOR OF FINANCE OF YOUNG BROTHERS, LIMITED, THE EMPLOYER WHO ESTABLISHED THE TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE TRUST, AS WELL AS YOUNG BROTHERS, LIMITED, IS COVERED BY FMC POLICIES WHICH INCLUDE A CONFLICTS OF INTEREST POLICY AS WELL AS A WHISTLEBLOWER POLICY. SINCE THE TRUST DOES NOT HAVE ANY EMPLOYEES, NO ANNUAL CONFIRMATION PROCESS IS EXECUTED AT THE TRUST LEVEL. THE TRUSTEE IS SUBJECT TO ERISA FIDUCIARY RESPONSIBILITY REQUIREMENTS WHICH INCLUDE RULES REGARDING PROHIBITED TRANSACTIONS AND CONFLICTS OF INTERESTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ADMINISTRATIVE EXPENSES 85,251. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 990105204 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | S |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | HI |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | EMPLOYER THAT ESTABLISHED THE TRUST |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | YOUNG BROTHERS LLC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | PO BOX 3288 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | HONOLULU |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | HI |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 96801 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 1 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 591005 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | CASH DISBURSEMENTS |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | YOUNG BROTHERS LLC |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | P |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 18990369 |
| IRS990/TotalAssetsEOYAmt | 0 | 20075949 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 18990369 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 20075949 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 757798 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 18990369 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 20075949 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 11222 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 62617 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 62617 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 18990369 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 20075949 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 3288 |
| IRS990/USAddress/CityNm | 0 | HONOLULU |
| IRS990/USAddress/StateAbbreviationCd | 0 | HI |
| IRS990/USAddress/ZIPCd | 0 | 968013288 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ASHLEE KISHIMOTO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR OF FINANCE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8085439311 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | YOUNG BROTHERS LIMITED VEBA TRUST FOR |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | BARGAINING UNIT EMPLOYEES |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | YOUN |
| ReturnHeader/Filer/EIN | 0 | 990345010 |
| ReturnHeader/Filer/PhoneNum | 0 | 8085439311 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 3288 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HONOLULU |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | HI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 968013288 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 390859910 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BAKER TILLY ADVISORY GROUP LP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2707 COLBY AVENUE SUITE 801 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | EVERETT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 98201 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4252597227 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | EMINA O CRESSWELL |
| ReturnHeader/ReturnTs | 0 | 2025-11-12T17:54:44-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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