Local 46 Second Holding Corporation

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

EIN: 134152764 ✦ New york, NY ✦ Designated as a 501(c)(2)

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Overview

What is Local 46 Second Holding Corporation?

Local 46 Second Holding Corporation is a nonprofit entity based in New York City, specifically at 1322 Third Avenue, New York, NY 10021. Its primary function is to maintain ownership of real property, which serves as a permanent home for the apprentice school and benefit funds. These funds support educational and training programs designed to address the needs of the Metallic Lathers Union Local 46 (501(c)5) membership. The corporation collects income and manages expenses, ensuring that the majority of the funds are channeled towards the Metallic Lathers Union Local 46 for their educational and training initiatives.


Official website here: www.ml46.org

Is Local 46 Second Holding Corporation legitimate?

Local 46 Second Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 46 Second Holding Corporation 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.ml46.org

What is the mission statement of Local 46 Second Holding Corporation?

The Local 46 Second Holding Corporation serves as a title-holding corporation, primarily for the Apprentice School and Benefit Funds. Its mission is to provide a permanent home for these funds, enabling them to carry out educational and training programs that cater to the needs of the Metallic Lathers Union Local 46 (501(C)(5)) membership. By holding title to real property, the corporation collects income and distributes the proceeds, less expenses, to support the initiatives of the union local. This structure allows the union to focus on its primary objectives, such as providing opportunities for skill development and offering benefits to its members.


Official website here: www.ml46.org

Who is the CEO of Local 46 Second Holding Corporation?

Michael Anderson is the Business Manager/Fst of Local 46 Second Holding Corporation.


Official website here: www.ml46.org

What is the revenue of Local 46 Second Holding Corporation?

Local 46 Second Holding Corporation's revenue in 2022 was $91,216.


Official website here: www.ml46.org

Who are the executives of Local 46 Second Holding Corporation and what are their salaries?


Here are 19 key members and their salaries:


Michael Anderson (Business Manager/Fst)
  • Compensation: $0
  • Related: $192,151
  • Other: $135,069
Gerard Strehle (President)
  • Compensation: $0
  • Related: $7,275
  • Other: $0
John Coffey (Business Agent)
  • Compensation: $0
  • Related: $192,151
  • Other: $135,069
John Clausman (Business Agent)
  • Compensation: $0
  • Related: $192,151
  • Other: $135,069
Kevin O'Keefe (Business Agent)
  • Compensation: $0
  • Related: $192,151
  • Other: $135,069
Phil Bernstock (Assistant Sergeant)
  • Compensation: $0
  • Related: $1,200
  • Other: $0
Jose Diaz (Vice President)
  • Compensation: $0
  • Related: $1,600
  • Other: $0
William Kelly (Recording Secretary)
  • Compensation: $0
  • Related: $1,870
  • Other: $0
Shane Jennings (Sergeant At Arms)
  • Compensation: $0
  • Related: $1,400
  • Other: $0
George Fernandez (Business Agent)
  • Compensation: $0
  • Related: $192,151
  • Other: $135,069
John Olmann (Exec Board)
  • Compensation: $0
  • Related: $1,200
  • Other: $0
Robert Reyes (Exec Board)
  • Compensation: $0
  • Related: $1,800
  • Other: $0
William P Setters (Exec Board)
  • Compensation: $0
  • Related: $1,200
  • Other: $0
Abraham Chaljub (Exec Board)
  • Compensation: $0
  • Related: $1,200
  • Other: $0
Michael Campbell (Exec Board)
  • Compensation: $0
  • Related: $1,200
  • Other: $0
Jonathan Scott (Trustee)
  • Compensation: $0
  • Related: $1,100
  • Other: $0
Yu Hong Tan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph H Lester (Recording Secretary (Resigned 1 2022))
  • Compensation: $0
  • Related: $7,450
  • Other: $0
Brendan Daly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ml46.org

Where can I find the form 990 for Local 46 Second Holding Corporation?

Local 46 Second Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ml46.org

Learn more at the official website: www.ml46.org

Mission Statement of Local 46 Second Holding Corporation

Local 46 Second Holding Corporation serves as a title-holding corporation, with a primary mission to provide a permanent home for the apprentice school and benefit funds of the Metallic Lathers Union Local 46. This nonprofit organization operates under Section 501(c)(5), and its main objective is to accumulate income from real property, cover expenses, and then distribute the remaining funds to the Metallic Lathers Union Local 46 Exempt. The corporation's purpose is to contribute to the educational and training programs that cater to the needs of the union's membership. By holding title to real property, Local 46 Second Holding Corporation plays a crucial role in ensuring the long-term stability and success of the apprentice school and benefit funds, thus benefiting the Metallic Lathers Union Local 46 members.

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Impact




October, 2024

Local 46 Second Holding Corporation plays a significant role in supporting the Metallic Lathers Union Local 46 by managing and holding title to real property that serves crucial educational and training needs. By collecting income and directing funds toward operational expenses, the corporation ensures the ongoing functionality of an apprentice school that benefits union members.

The organization directly contributes to the community by providing a permanent home for the apprentice school, which is essential for structuring educational programs and training initiatives that cater to the needs of its membership. This commitment to education and workforce development enhances the skills of union members, thereby improving job opportunities and professional growth within the metallic lathing industry.

Furthermore, through its focus on benefit funds, Local 46 Second Holding Corporation supports various programs designed to uplift and maintain the standards of expertise within the union, fostering a strong and capable workforce while bolstering community improvement efforts.




This information is meant to be a general summary of Local 46 Second Holding Corporation. 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
$91,216 (2022)
Expenses
$22,992 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $431,680

Assets and Liabilities:

  • Total Assets: $1,220,845
  • Total Liabilities: $1,814,704
  • Net Assets: -$593,859

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Organization Details

Founding Year

2001

Principal Officer

Michael Anderson

Main Address

1322 THIRD AVENUE, NEW YORK, NY, 10021

NTEE Category

Code: S47 - Community improvement

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