The Massachusetts Laborers Building Unified Trust

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

EIN: 043408566 ✦ Hopkinton, MA ✦ Designated as a 501(c)(5)

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Overview

What is The Massachusetts Laborers Building Unified Trust?

The Massachusetts Laborers Building Unified Trust is a nonprofit organization situated in Hopkinton, Massachusetts. Their primary role is to support and facilitate benefit payments for member employers, thereby creating more job prospects for Laborers and Industry Employers. The trust's mission is to identify and increase work opportunities, ultimately enhancing the economic competitiveness of the union and its associated employers. It operates with the goal of providing benefits to its members and expanding employment opportunities within the industry.

Is The Massachusetts Laborers Building Unified Trust legitimate?

The Massachusetts Laborers Building Unified Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. The Massachusetts Laborers Building Unified 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Massachusetts Laborers Building Unified Trust?

The Massachusetts Laborers Building Unified Trust's mission is focused on identifying and expanding work opportunities. This is done with the aim of enhancing the economic competitiveness of both the union and the employers associated with it. In fulfilling this mission, the trust provides support and makes benefit payments on behalf of member employers, thereby facilitating more opportunities for Laborers and Industry Employers.

Who is the CEO of The Massachusetts Laborers Building Unified Trust?

Thomas Andrews is the Trustee of The Massachusetts Laborers Building Unified Trust.

What is the revenue of The Massachusetts Laborers Building Unified Trust?

The Massachusetts Laborers Building Unified Trust's revenue in 2022 was $5,717,049.

Who are the executives of The Massachusetts Laborers Building Unified Trust and what are their salaries?


Here are 6 key members and their salaries:


Joseph Bonfiglio (Chairman)
  • Compensation: $0
  • Related: $317,935
  • Other: $0
Thomas Andrews (Trustee)
  • Compensation: $0
  • Related: $254,586
  • Other: $0
Christopher Murphy (Trustee)
  • Compensation: $0
  • Related: $150,497
  • Other: $0
John Ferrante (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas S Gunning (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Salvucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Massachusetts Laborers Building Unified Trust?

The Massachusetts Laborers Building Unified Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Massachusetts Laborers Building Unified Trust

The Massachusetts Laborers Building Unified Trust, as an organization, is committed to identifying and expanding work opportunities. Its mission is centered around promoting the economic competitiveness of both the union and the employers it serves. By undertaking this mission, the Trust aims to provide support and benefits payments on behalf of member employers, thereby enhancing the chances of employment for Laborers and Industry Employers. In essence, the Trust acts as a bridge, connecting employers with a skilled workforce, and helping to ensure the long-term success and competitiveness of both parties in the labor market.

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Impact




October, 2024

The Massachusetts Laborers Building Unified Trust significantly impacts the labor market by identifying and expanding work opportunities for laborers in the construction industry. By promoting the economic competitiveness of both the union and employers, the Trust plays a crucial role in supporting member employers with benefits payments, which enhances their capacity to create jobs and maintain a stable workforce. This strategic approach not only bolsters employment for laborers but also fosters collaboration between labor and management, ultimately contributing to a healthier economy in Massachusetts. The Trust’s efforts help ensure that workers receive the support they need, while simultaneously advancing the interests of industry employers, creating a more robust and capable construction sector.




This information is meant to be a general summary of The Massachusetts Laborers Building Unified 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
$5,717,049 (2022)
Expenses
$3,141,557 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $166,364
  • Gross Receipts: $5,717,049

Assets and Liabilities:

  • Total Assets: $21,434,640
  • Total Liabilities: $7,542,435
  • Net Assets: $13,892,205

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Organization Details

Founding Year

1997

Principal Officer

Thomas Andrews

Main Address

7 Laborers Way, Hopkinton, MA, 01748

NTEE Category

Code: J40 - Employment

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