Painting Industry Promotion Fund

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

EIN: 132923724 ✦ New york, NY ✦ Designated as a 501(c)(6)

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Overview

What is Painting Industry Promotion Fund?

The Painting Industry Promotion Fund, established under federal law, is a nonprofit organization based in New York City, specifically at 370 Seventh Avenue, New York, NY 10007. Its primary purpose is to support and promote the interests of the unionized painting, decorating, and finishing industries in New York City, Nassau, Westchester, and Putnam Counties in New York. The fund achieves this objective by providing educational and training opportunities for its members, conducting regular meetings and updates, and fostering productive communication and negotiations with labor. The Promotion Fund also hosts events such as an Annual convention, Annual Luncheon, and Labor Management meetings. Furthermore, it funds a competitive scholarship program for the children of journey person employees, demonstrating its commitment to the welfare of the industry and its workforce. With a small staff of two individuals, the Painting Industry Promotion Fund plays a significant role in promoting and strengthening the unionized painting, decorating, and finishing industries in its operating regions.


Official website here: www.masterpaintersny.com

Is Painting Industry Promotion Fund legitimate?

Painting Industry Promotion Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Painting Industry Promotion Fund 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: $142,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,983

For more financial information, click here


Official website here: www.masterpaintersny.com

What is the mission statement of Painting Industry Promotion Fund?

The Painting Industry Promotion Fund is established with the objective of advocating for the interests of the unionized painting, decorating, and finishing industries. Its primary mission is to promote the well-being of these industries in New York City, Nassau, Westchester, and Putnam Counties. This is achieved through various means, such as providing education and training to members, holding regular meetings, and keeping them updated on critical industry developments. The fund also supports activities that encourage productive communication and negotiation between the industry and labor, and offers a competitive scholarship program for the children of journey person employees.


Official website here: www.masterpaintersny.com

Who is the CEO of Painting Industry Promotion Fund?

Bruce Ruinsky is the Executive Director of Painting Industry Promotion Fund.


Official website here: www.masterpaintersny.com

What is the revenue of Painting Industry Promotion Fund?

Painting Industry Promotion Fund's revenue in 2022 was $1,308,839.


Official website here: www.masterpaintersny.com

Who are the executives of Painting Industry Promotion Fund and what are their salaries?

The average compensation at Painting Industry Promotion Fund during 2022 was $98,352. There are 2 employees at Painting Industry Promotion Fund.


Here are 19 key members and their salaries:


Bruce Ruinsky (Executive Director)
  • Compensation: $142,723
  • Related: $47,574
  • Other: $0
Peter Cafiero (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Henshaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Zack (Director Alt)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Brewer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Singh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Rasizzi (Treasuer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Feld (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Haber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Gisondi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Giarraputo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rad Jelcic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Roth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Nugent (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Caruso (First Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Levine (Second Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dino Erbeli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Pearlman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.masterpaintersny.com

Where can I find the form 990 for Painting Industry Promotion Fund?

Painting Industry Promotion Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.masterpaintersny.com

Learn more at the official website: www.masterpaintersny.com

Mission Statement of Painting Industry Promotion Fund

The Painting Industry Promotion Fund, established through federal law and included in the Collective Bargaining Agreement between The Association of Master Painters and Decorators of New York, Inc. (AMPD) and District Council 9, IUPAT, AFL-CIO [DC 9], exists with a mission to promote the interests of the unionized painting, decorating, and finishing industries in New York City, Nassau, Westchester, and Putnam Counties in New York. In accomplishing this mission, the Promotion Fund supports various activities aimed at advancing the industry. This includes providing education and training opportunities for AMPD members, facilitated through regular meetings and updates on industry developments. The Promotion Fund also plays a role in fostering productive communication and negotiation between the association and labor, through events such as the Annual Convention, Annual Luncheon, and Labor Management meetings. Additionally, the Promotion Fund funds a competitive scholarship program for the children of journey person employees in the industry. Overall, the Painting Industry Promotion Fund serves as a vital resource for the unionized painting, decorating, and finishing industries in New York City and surrounding counties, working to promote the industry and support its members.

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Impact




October, 2024

The Painting Industry Promotion Fund significantly impacts the unionized painting, decorating, and finishing industries in New York City and its surrounding counties. By fostering the interests of these industries, the Fund plays a crucial role in enhancing professional standards and ensuring that members are well-informed about industry trends and changes.

One of the key areas of impact is through education and training. The Fund facilitates regular communication and hosts meetings both in-person and remotely, which helps members stay updated on critical developments within the industry. This ongoing education is vital for equipping workers with the latest skills and knowledge, ultimately improving the quality of work within the sector.

Additionally, the Promotion Fund supports various events, such as an annual convention and labor management meetings, which encourage productive communication and negotiation between labor and industry representatives. These gatherings help strengthen relationships and promote collaboration, which can lead to better working conditions and fairer labor practices.

The Fund also invests in future generations through a competitive scholarship program for the children of journey person employees. By providing financial assistance for education, the Fund ensures that talented individuals have opportunities to pursue careers that may contribute to the industry’s growth.

In summary, the Painting Industry Promotion Fund serves a crucial role in advancing the interests of the painting and decorating sectors, enhancing education and training, promoting effective labor relations, and supporting the next generation of industry professionals.




This information is meant to be a general summary of Painting Industry Promotion Fund. 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
$1,308,839 (2022)
Expenses
$831,058 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $43,663
  • Program Service Revenue: $1,265,176
  • Gross Receipts: $1,372,419

Assets and Liabilities:

  • Total Assets: $1,938,312
  • Total Liabilities: $11,094
  • Net Assets: $1,927,218

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Programs

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

Painting Industry
Insurance Fund PIIF

Revenue

$1,265,176

Organization Details

Founding Year

1978

Principal Officer

Bruce Ruinsky

Main Address

370 Seventh Avenue, New York, NY, 10007

NTEE Category

Code: S41 - Community improvement

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