New England Laborers Labor Management Cooperation Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043086907 ✦ Providence, RI ✦ Designated as a 501(c)(5)

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Overview

What is New England Laborers Labor Management Cooperation Trust?

New England Laborers Labor Management Cooperation Trust is a nonprofit organization situated in Providence, Rhode Island. Its primary goal is to foster better relationships between unions and employers, ultimately promoting employment opportunities by enhancing market share and operational efficiency in the construction industry. To achieve this, the trust actively builds connections with contractors, owners, and government entities at both local and national levels, addressing issues significant to the sector. With a team of nine dedicated individuals, the Trust aims to elevate the status of LIUNA members and secure fair contracting agreements for a larger share of construction projects.


Official website here: www.nellnct.org

Is New England Laborers Labor Management Cooperation Trust legitimate?

New England Laborers Labor Management Cooperation Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. New England Laborers Labor Management Cooperation Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $252,465
Professional Fundraising Fees: $0
Other Salaries and Wages: $655,064

For more financial information, click here


Official website here: www.nellnct.org

What is the mission statement of New England Laborers Labor Management Cooperation Trust?

The New England Laborers Labor Management Cooperation Trust's mission is to promote the welfare of LIUNA members and ensure fair contracting, leading to an increased market share in construction projects. This is achieved by establishing relationships with contractors, owners, and governments on a local and national level, addressing industry-related issues. The organization's aim is to improve relationships between unions and employers, thereby increasing work opportunities through enhanced market share and operational efficiency.


Official website here: www.nellnct.org

Who is the CEO of New England Laborers Labor Management Cooperation Trust?

Vincent R Masino is the Trustee of New England Laborers Labor Management Cooperation Trust.


Official website here: www.nellnct.org

What is the revenue of New England Laborers Labor Management Cooperation Trust?

New England Laborers Labor Management Cooperation Trust's revenue in 2022 was $3,777,442.


Official website here: www.nellnct.org

Who are the executives of New England Laborers Labor Management Cooperation Trust and what are their salaries?

The average compensation at New England Laborers Labor Management Cooperation Trust during 2022 was $100,837. There are 9 employees at New England Laborers Labor Management Cooperation Trust.


Here are 15 key members and their salaries:


Robin M Coia (Administrator)
  • Compensation: $198,422
  • Related: $0
  • Other: $54,043
Michael A Traficante (Dir. Gov'T Affrs)
  • Compensation: $138,610
  • Related: $0
  • Other: $49,427
Dean Coia (Public Relations)
  • Compensation: $125,498
  • Related: $0
  • Other: $49,427
Armand E Sabitoni (Trustee/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent R Masino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael F Sabitoni (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher A Sabitoni (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph C Bonfiglio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas J Gunning (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John D O'Reilly Iii (Trustee/Sec-Tre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen A Cardi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David F Rampone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney G Frias (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donato Bianco Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas S Gunning (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nellnct.org

Where can I find the form 990 for New England Laborers Labor Management Cooperation Trust?

New England Laborers Labor Management Cooperation Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nellnct.org

Learn more at the official website: www.nellnct.org

Mission Statement of New England Laborers Labor Management Cooperation Trust

New England Laborers Labor Management Cooperation Trust is a nonprofit organization with a mission to foster better relationships between labor unions and employers. This is done with the ultimate goal of increasing the market share of construction projects for union members, while also promoting fair contracting nationally and locally. The trust aims to achieve this by building partnerships with contractors, owners, and government entities, addressing issues that impact the construction industry. By improving relations and promoting efficiency in operations, the trust seeks to create more work opportunities for its members.

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Impact




October, 2024

The New England Laborers Labor Management Cooperation Trust significantly enhances the landscape of fair contracting and union representation within the construction industry. By fostering strong relationships among labor unions, contractors, project owners, and government entities, it promotes the interests of LIUNA members while focusing on issues that impact the sector.

Its impact is evident in several areas:

1. **Increased Market Share**: By advocating for the rights and opportunities of union members, the Trust works towards expanding the market share available to LIUNA members, ultimately resulting in more job opportunities and economic stability for workers.

2. **Improved Labor Relations**: The organization is dedicated to building effective communication channels between unions and employers, addressing potential conflicts, and enhancing mutual understanding. This cooperative approach results in more efficient operations and healthier work environments.

3. **Support for Fair Contracting**: By promoting fair contracting practices, the Trust helps ensure that work is awarded based on merit, integrity, and the value provided, rather than on competitive disadvantages that can harm labor standards.

4. **Community Engagement**: The Trust engages with local and national government to advocate for policies that favor the construction industry, shaping legislation that benefits both workers and employers.

5. **Networking and Collaboration**: By bringing together various stakeholders, the Trust facilitates collaboration that can lead to innovative solutions and improved practices in the construction sector.

Overall, the New England Laborers Labor Management Cooperation Trust plays a crucial role in enhancing the construction industry’s fairness and efficiency, directly benefiting its members and the broader community.




This information is meant to be a general summary of New England Laborers Labor Management Cooperation Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,777,442 (2022)
Expenses
$2,838,819 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $295,005
  • Program Service Revenue: $3,482,437
  • Gross Receipts: $3,788,538

Assets and Liabilities:

  • Total Assets: $17,813,265
  • Total Liabilities: $155,773
  • Net Assets: $17,657,492

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$3,482,437

Organization Details

Founding Year

1988

Principal Officer

Vincent R Masino

Main Address

226 SOUTH MAIN STREET, PROVIDENCE, RI, 02903

NTEE Category

Code: J40 - Employment

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