Overview
What is Steamfitters' Industry Vacation Plan?
The Steamfitters' Industry Vacation Plan is a multi-employer benefit scheme, funded by participating employers in adherence to their collective bargaining agreement. Its primary goal is to distribute benefits to each participant based on the employers' contributions. A significant aspect of this plan involves vacation payments. As a collective initiative, the Plan was established to collect and manage employers' contributions and subsequently distribute the full amount to each participant, with deductions for administrative expenses.
Official website here: www.steamfitters.com
Is Steamfitters' Industry Vacation Plan legitimate?
Steamfitters' Industry Vacation Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Steamfitters' Industry Vacation Plan 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: $29,239
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.steamfitters.com
What is the mission statement of Steamfitters' Industry Vacation Plan?
The Steamfitters' Industry Vacation Plan serves as a multi-employer benefit program, established through collective bargaining agreements. Employers contribute funds to the plan, which in turn provides benefits to the participating workers. The primary mission of the plan is to manage these contributions and distribute them to each participant, with the exception of covering administrative expenses. One notable aspect of the plan is its vacation payment program.
Official website here: www.steamfitters.com
Who is the CEO of Steamfitters' Industry Vacation Plan?
Daniel Mulligan is the Trustee of Steamfitters' Industry Vacation Plan.
Official website here: www.steamfitters.com
What is the revenue of Steamfitters' Industry Vacation Plan?
Steamfitters' Industry Vacation Plan's revenue in 2022 was $24,287,414.
Official website here: www.steamfitters.com
Who are the executives of Steamfitters' Industry Vacation Plan and what are their salaries?
Here are 16 key members and their salaries:
- Compensation: $10,693
- Related: $417,033
- Other: $47,866
- Compensation: $0
- Related: $243,236
- Other: $64,837
- Compensation: $8,347
- Related: $200,340
- Other: $45,884
- Compensation: $10,199
- Related: $193,790
- Other: $45,884
- Compensation: $0
- Related: $180,717
- Other: $55,283
- Compensation: $0
- Related: $178,468
- Other: $55,283
- Compensation: $0
- Related: $173,918
- Other: $55,283
- Compensation: $0
- Related: $160,988
- Other: $55,283
- Compensation: $1,780
- Related: $176,245
- Other: $35,432
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.steamfitters.com
Where can I find the form 990 for Steamfitters' Industry Vacation Plan?
Steamfitters' Industry Vacation Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.steamfitters.com
Learn more at the official website: www.steamfitters.com
Mission Statement of Steamfitters' Industry Vacation Plan
The Steamfitters' Industry Vacation Plan, a multi-employer organization, was founded with the primary objective of collecting employer contributions as per the collective bargaining agreement. Established to serve as a central hub for receiving funds from participating employers, the Plan's ultimate goal is to distribute these contributions back to each participant. By lessening the expenses incurred, the Plan ensures that each member receives their entitled benefits, which are comprised of their employer's contributions in full.
In essence, the Steamfitters' Industry Vacation Plan functions as a trustworthy intermediary between employers and employees, streamlining the process of accumulating and distributing benefits. One of the key programs administered by the Plan involves the payment of vacation benefits to participants based on their respective employer contributions. This vacation program serves as an essential perk for the workforce within the Steamfitters industry, providing them with well-deserved time off to rest, recharge, and ultimately contribute more effectively to their jobs upon their return.
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Impact
October, 2024
The Steamfitters' Industry Vacation Plan has a significant positive impact on participants by providing financial support during their vacation periods. Funded through contributions from employers in line with collective bargaining agreements, the plan ensures that workers receive benefits directly tied to their earnings, allowing them to take time off without sacrificing their financial stability.
By collecting contributions from multiple employers, the plan pools resources, which enhances the benefits available to each participant. This means that workers can rely on these funds to support themselves and their families during time away from work, ultimately promoting well-being and work-life balance.
Moreover, the plan fosters a stronger sense of community among steamfitters, reinforcing mutual support within the industry. The structured benefits program not only motivates employees but also encourages employers to contribute, creating a cycle of mutual benefit. Overall, the Steamfitters' Industry Vacation Plan is crucial in safeguarding the financial interests of workers, contributing to their overall job satisfaction and security.
This information is meant to be a general summary of Steamfitters' Industry Vacation Plan. 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 2022.
- Investment Income: $88,977
- Program Service Revenue: $23,969,773
- Gross Receipts: $24,287,414
Assets and Liabilities:
- Total Assets: $7,494,633
- Total Liabilities: $7,279,406
- Net Assets: $215,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employers Contributions
Revenue
$23,969,773
Organization Details
Founding Year
1953
Phone
(212) 465-8888Principal Officer
Daniel Mulligan
Main Address
27-08 40th Avenue 2nd floor, Long Island City, NY, 111013725
Website
www.steamfitters.comNTEE Category
Code: Y40 - Mutual benefit
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