Overview
What is Garment Suppliers Association Liquidation Pay Fund?
The Garment Suppliers Association Liquidation Pay Fund serves as an insurance provider in New York, NY, offering unemployment benefits to its constituents. This nonprofit organization plays a vital role in supporting the local community by providing financial assistance during periods of job loss within the garment industry. Its primary mission focuses on providing essential unemployment benefits, contributing to the stability and well-being of individuals within its scope.
Is Garment Suppliers Association Liquidation Pay Fund legitimate?
Garment Suppliers Association Liquidation Pay Fund is a legitimate nonprofit organization registered as a 501(c)(17) entity. Garment Suppliers Association Liquidation Pay Fund submitted a form 990EZ, 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.
What is the mission statement of Garment Suppliers Association Liquidation Pay Fund?
The Garment Suppliers Association Liquidation Pay Fund serves as an insurance provider, offering unemployment benefits in its mission to support individuals who have lost their jobs in the garment industry. By providing this financial assistance, the fund aims to alleviate some of the financial burdens during times of unemployment. The fund operates in an effort to uphold the stability and well-being of the workforce within the garment industry. It is essential to note that the fund is focused on providing unemployment benefits, and its activities are primarily centered around this purpose.
Who is the CEO of Garment Suppliers Association Liquidation Pay Fund?
Robert Sadin is the President of Garment Suppliers Association Liquidation Pay Fund.
What is the revenue of Garment Suppliers Association Liquidation Pay Fund?
Garment Suppliers Association Liquidation Pay Fund's revenue in 2022 was $0.
Who are the executives of Garment Suppliers Association Liquidation Pay Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Garment Suppliers Association Liquidation Pay Fund?
Garment Suppliers Association Liquidation Pay Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Garment Suppliers Association Liquidation Pay Fund
The Garment Suppliers Association Liquidation Pay Fund serves as an insurance provider, offering unemployment benefits in New York, NY. In simple terms, its mission is to provide financial support during periods of unemployment for individuals within its coverage scope. This organization plays a crucial role in offering a safety net for individuals within the garment industry, helping them navigate through challenging times when they may be without employment.
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Impact
October, 2024
The Garment Suppliers Association Liquidation Pay Fund significantly impacts the community by providing essential unemployment benefits to workers in the garment industry in New York, NY. By acting as an insurance provider, it offers vital financial support to individuals who find themselves unemployed due to industry shifts or company liquidations. This ensures that workers can maintain a basic standard of living during periods of job loss, thereby reducing financial distress and supporting economic stability within the sector. Additionally, the Fund plays a crucial role in fostering a mutual benefit environment, helping both workers and employers navigate the challenges of industry changes while safeguarding livelihoods.
This information is meant to be a general summary of Garment Suppliers Association Liquidation Pay 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $12,239
- Total Liabilities: $6,697
- Net Assets: $5,542
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Organization Details
Phone
(646) 895-7234Principal Officer
Robert Sadin
Main Address
CO ELLENOFF GROSS LLP 1345 6TH AVE, NEW YORK, NY, 10105
NTEE Category
Code: Y20 - Mutual benefit
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