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International Union Of Operating Eng Local 98 Employers Cooperative Trust

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

EIN: 043432489 ✦ Southwick, MA ✦ Designated as a 501(c)(5)

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Overview

What is International Union Of Operating Eng Local 98 Employers Cooperative Trust?

The International Union of Operating Engineers Local 98 Employers Cooperative Trust is a nonprofit organization, situated in Southwick, Massachusetts. Its primary objective is to foster positive labor-management relationships, safeguard employment security, stimulate economic growth within the community, and enhance communication regarding individual advancement. To accomplish these goals, the trust primarily awards grants to employers who have collectively negotiated agreements with the union, aiming to boost the economic competitiveness of operating engineers and their respective employers within the industry.


Official website here: www.iuoelocal98.org

Is International Union Of Operating Eng Local 98 Employers Cooperative Trust legitimate?

International Union Of Operating Eng Local 98 Employers Cooperative Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. International Union Of Operating Eng Local 98 Employers Cooperative 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


Official website here: www.iuoelocal98.org

What is the mission statement of International Union Of Operating Eng Local 98 Employers Cooperative Trust?

The International Union of Operating Engineers Local 98 Employers Cooperative Trust aims to enhance labor-management relations, safeguard employment security, foster economic development within the community, and improve communication regarding individual advancements. Their primary strategy to achieve these goals is by providing grants to eligible employers who have collectively bargained with the union, with the intent of promoting the economic competitiveness of operating engineers and employers in the industry. This cooperative trust seeks to strengthen the industry as a whole.


Official website here: www.iuoelocal98.org

Who is the CEO of International Union Of Operating Eng Local 98 Employers Cooperative Trust?

Kara Richotte is the Union Trustee/Chairman of International Union Of Operating Eng Local 98 Employers Cooperative Trust.


Official website here: www.iuoelocal98.org

What is the revenue of International Union Of Operating Eng Local 98 Employers Cooperative Trust?

International Union Of Operating Eng Local 98 Employers Cooperative Trust's revenue in 2022 was $395,323.


Official website here: www.iuoelocal98.org

Who are the executives of International Union Of Operating Eng Local 98 Employers Cooperative Trust and what are their salaries?


Here are 6 key members and their salaries:


William D Fay (Union Trustee/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrin Auger (Union Trustee Eff 12/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Hancock (Union Trustee Thru 12/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenna Rahkonen (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Thorne (Employer Trustee Thru 5/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Richotte (Fund Administrator)
  • Compensation: $0
  • Related: $108,282
  • Other: $77,163


Official website here: www.iuoelocal98.org

Where can I find the form 990 for International Union Of Operating Eng Local 98 Employers Cooperative Trust?

International Union Of Operating Eng Local 98 Employers Cooperative Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iuoelocal98.org

Learn more at the official website: www.iuoelocal98.org

Mission Statement of International Union Of Operating Eng Local 98 Employers Cooperative Trust

The International Union of Operating Engineers Local 98 Employers Cooperative Trust is dedicated to enhancing labor management relationships, preserving employment security, and fostering economic development within the community. Their primary objective is to promote the economic competitiveness of operating engineers and employers in the industry. They achieve this by awarding grants to eligible employers who have collectively bargained with the union. This approach aims to improve communication regarding individual advancements and strengthen the overall competitiveness of the industry.

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Impact




October, 2024

The International Union Of Operating Engineers Local 98 Employers Cooperative Trust plays a significant role in enhancing labor management relationships and promoting economic development within the community. By focusing on preserving employment security, the Trust fosters a stable workforce, which is crucial for both employees and employers in the operating engineering industry.

Through grants awarded to eligible employers who are part of collective bargaining agreements with the union, the Trust not only supports individual advancement but also encourages businesses to invest in their workforce. This investment helps to cultivate a more skilled and competitive labor pool, ultimately boosting the industry's economic competitiveness.

Furthermore, the Trust enhances communication between workers and employers, facilitating a collaborative environment that addresses challenges and opportunities in the workplace. Overall, the Trust's initiatives contribute to a healthier labor market, support economic growth, and strengthen the community at large.




This information is meant to be a general summary of International Union Of Operating Eng Local 98 Employers Cooperative 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
$395,323 (2022)
201120122013201420152016201720182019202020212022$0$100k$200k$300k$400k
Expenses
$235,436 (2022)
201120122013201420152016201720182019202020212022$0$80,000$160k$240k$320k
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $2,243
  • Program Service Revenue: $393,080
  • Gross Receipts: $395,323

Assets and Liabilities:

  • Total Assets: $710,837
  • Total Liabilities: $22,559
  • Net Assets: $688,278

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Programs

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

EMPLOYERS' CONTRIB

Revenue

$393,080

Organization Details

Founding Year

1998

Principal Officer

Kara Richotte

Main Address

PO BOX 1290, SOUTHWICK, MA, 010771290

NTEE Category

Code: J40 - Employment

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