Issue link: https://read.uberflip.com/i/343196
2 0 1 3 A N N U A L R E P O R T 60 HISTORY CCC Service Corporation (CCCSC) was incorporated in the State of Delaware on April 3, 2002, as a for-profit stock corpo- ration, for the purposes of providing accounting, administra- tive and information technology (IT) services to membership and port associations in the maritime and related industries. CCCSC commenced operations on July 1, 2002. In 2002, USMX and NYSA, both related parties, invested in an ownership interest of CCCSC, split 60% and 40%, respec- tively. On June 25, 2009, USMX acquired all of NYSA's com- mon shares of CCCSC, taking 100% ownership of CCCSC. In early 2011, CCCSC applied for tax-exempt status, and, effective May 3, 2011, received its tax exemption from the Internal Revenue Service, thereby qualifying as an organiza- tion under Section 501 (c)(6), and not subject to federal or state income tax. TODAY Currently, CCCSC has service agreements with Manage- ment-ILA (MILA) Managed Healthcare Trust Fund, Carrier- ILA Container Freight Station (CFS) Trust Fund, Carrier-ILA Container Royalty (CR4) Trust Fund, Carrier-ILA Container Royalty #5 (CR5) Fund, Container Royalty Central Collection Fund (CRCCF), Shipping Industry Mutual Assurance Associa- tion Limited (SIMAS), New York Shipping Association Port of Discovery (NYSA POD) Program, and Jacksonville Maritime Association (JMA). CCCSC also provides the following essential services on behalf of USMX: • Administration of reporting/payment of USMX member assessments • Performance of payroll/general accounting/financial re- porting functions • Information technology services CCCSC STAFF Front row, left to right: Diane Trapp, Mary Ann Decha, Eva Bata, Emma Roginskaya, Kelly Ryan. Back row, left to right: Daniel Melvin, Richard Glogowski, Nigel Jenkins, Joseph Marino, Patrick Stevens, Stephen Fromin, Naum Samardin. CCC SERVICE CORPORATION