Overview
What is Electrical Industry Labor Management Cooperation Trust?
The Electrical Industry Labor Management Cooperation Trust is a nonprofit organization based in Dorchester, Massachusetts, with the address 256 Freeport Street, 02122. Their mission encompasses assisting employers in bidding projects and promoting health and safety programs for electrical workers within the New England area. By providing subsidies to union contractors through respective trust funds, this organization ensures union contractors remain competitive with non-union contractors in the market. The Trust's primary objectives include expanding work opportunities, enhancing communications, and fostering operational efficiency while emphasizing health and safety in the electrical industry.
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Is Electrical Industry Labor Management Cooperation Trust legitimate?
Electrical Industry Labor Management Cooperation Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Electrical Industry 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $308,231
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Official website here: www.103advantage.com
What is the mission statement of Electrical Industry Labor Management Cooperation Trust?
The Electrical Industry Labor Management Cooperation Trust works towards identifying and expanding work opportunities in the electrical industry. This organization prioritizes communication improvements and promotes operational efficiency. A significant aspect of their mission is to prioritize health and safety within the electrical industry. In order to make union contractors more competitive in the market, the trust offers subsidies through respective trust funds.
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Who is the CEO of Electrical Industry Labor Management Cooperation Trust?
Michael P Donovan is the Union Trustee of Electrical Industry Labor Management Cooperation Trust.
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What is the revenue of Electrical Industry Labor Management Cooperation Trust?
Electrical Industry Labor Management Cooperation Trust's revenue in 2023 was $60,009,341.
Official website here: www.103advantage.com
Who are the executives of Electrical Industry Labor Management Cooperation Trust and what are their salaries?
Here are 13 key members and their salaries:
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- Other: $68,317
Official website here: www.103advantage.com
Where can I find the form 990 for Electrical Industry Labor Management Cooperation Trust?
Electrical Industry Labor Management Cooperation Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.103advantage.com
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Mission Statement of Electrical Industry Labor Management Cooperation Trust
The Electrical Industry Labor Management Cooperation Trust is a dedicated organization with a mission to identify and expand work opportunities, enhance communications, and promote efficiency in operations within the electrical industry in the New England area. By fostering collaboration between labor and management, this Trust strives to maintain a competitive and safe environment for union contractors, ensuring they can effectively bid on projects and meet industry standards.
To achieve its objectives, the Trust provides various support programs. One of its primary initiatives focuses on assisting employers in bidding for projects. Through the use of respective trust funds, the Trust offers subsidies to union contractors, enabling them to stay competitive within the market and offer better pricing to clients compared to non-union contractors. This not only benefits the electrical industry, but also helps to maintain a level playing field for businesses.
Moreover, the Electrical Industry Labor Management Cooperation Trust is deeply committed to promoting health and safety programs for electrical workers. By prioritizing the wellbeing of those employed in the industry, the Trust ensures that the electrical sector remains a safe and productive environment. This approach ultimately leads to higher quality work and reduced risk for both contractors and their clients.
By fostering effective communication, identifying new work opportunities, and improving overall operations efficiency, the Electrical Industry Labor Management Cooperation Trust plays a vital role in the development and growth of the electrical industry within the New England area. It is a strong and influential organization that continually strives to make a positive impact on the sector and its workforce.
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Impact
October, 2024
The Electrical Industry Labor Management Cooperation Trust significantly impacts the electrical sector in New England by actively identifying and expanding work opportunities for electrical contractors and workers. By improving communications among various stakeholders, the Trust fosters a collaborative environment that enhances efficiency in operations.
One of its key initiatives is to assist employers in bidding projects, equipping them with the tools and support necessary to compete effectively, particularly against non-union contractors. This assistance often includes providing subsidies to union contractors, ensuring they remain competitive without compromising the quality of work or labor standards.
Additionally, the Trust emphasizes health and safety, promoting programs designed to protect electrical workers. By prioritizing these aspects, the Trust not only facilitates job creation but also enhances the overall safety and well-being of the workforce in the electrical industry.
In summary, the Electrical Industry Labor Management Cooperation Trust plays a crucial role in advancing the interests of the electrical sector, ensuring both its economic viability and the health and safety of its workforce.
This information is meant to be a general summary of Electrical Industry 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $215,632
- Program Service Revenue: $59,793,709
- Gross Receipts: $60,009,341
Assets and Liabilities:
- Total Assets: $41,582,028
- Total Liabilities: $647,591
- Net Assets: $40,934,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIONS
Revenue
$59,793,709
Organization Details
Founding Year
1997
Phone
(617) 288-5999Principal Officer
Michael P Donovan
Main Address
256 FREEPORT STREET, DORCHESTER, MA, 021223538
Website
www.103advantage.comNTEE Category
Code: J40 - Employment
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