Composition Roofers Local 10 Vacation Fd

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

EIN: 221550086 ✦ Haledon, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Composition Roofers Local 10 Vacation Fd?

Composition Roofers Local 10 Vacation Fund is a nonprofit organization that serves as a custodial trust for its union members. The primary purpose of this fund is to collect vacation savings from the members and disburse these funds to them prior to their vacations. By acting as a vacation fund, the Composition Roofers Local 10 Vacation Fund aims to help its members enjoy well-deserved breaks without financial constraints. The fund's mission is rooted in providing financial support for its members, ensuring they can enjoy their time off with peace of mind.

Is Composition Roofers Local 10 Vacation Fd legitimate?

Composition Roofers Local 10 Vacation Fd is a legitimate nonprofit organization registered as a 501(c)(9) entity. Composition Roofers Local 10 Vacation Fd 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

What is the mission statement of Composition Roofers Local 10 Vacation Fd?

The Composition Roofers Local 10 Vacation Fund serves as a vacation savings facility for its union members. Its primary mission is to collect and safeguard vacation funds from the members. Upon their vacations, these funds are then returned to the members. Operating as a custodial trust, the fund's purpose is to ensure that members have a dedicated source of funds for their time off, thereby enhancing their overall work-life balance.

Who is the CEO of Composition Roofers Local 10 Vacation Fd?

James Wisse is the Trustee of Composition Roofers Local 10 Vacation Fd.

What is the revenue of Composition Roofers Local 10 Vacation Fd?

Composition Roofers Local 10 Vacation Fd's revenue in 2023 was $781,603.

Who are the executives of Composition Roofers Local 10 Vacation Fd and what are their salaries?


Here are 3 key members and their salaries:


James Wisse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Jackson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Silva (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Composition Roofers Local 10 Vacation Fd?

Composition Roofers Local 10 Vacation Fd's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Composition Roofers Local 10 Vacation Fd

Composition Roofers Local 10 Vacation Fund is a custodial trust that serves the membership of the local union. Its primary mission is to collect vacation funds from union members and subsequently distribute these funds back to members before their planned vacations. The role of the fund is to ensure that union members have access to a vacation fund, thereby facilitating their time off and promoting work-life balance. The Vacation Fund operates as a custodial trust, meaning it holds the funds in trust on behalf of the members, acting as a neutral third party to manage and distribute the funds.

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Impact




October, 2024

Composition Roofers Local 10 Vacation Fund plays a vital role in supporting the well-being and financial stability of union members by facilitating their access to vacation funds. By collecting contributions from members and ensuring they receive these funds before their vacations, the organization helps alleviate financial stress, allowing members to enjoy their time off without worry. This financial safety net not only enhances the quality of life for members but also promotes a sense of community and solidarity within the union. Ultimately, the Vacation Fund fosters a healthier work-life balance, reinforcing the importance of taking time away from work for rest and rejuvenation.




This information is meant to be a general summary of Composition Roofers Local 10 Vacation Fd. 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
$781,603 (2023)
Expenses
$773,793 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $103
  • Program Service Revenue: $781,500
  • Gross Receipts: $781,603

Assets and Liabilities:

  • Total Assets: $221,585
  • Total Liabilities: $206,104
  • Net Assets: $15,481

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Programs

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

ADMINISTRATIVE FEE INCOME

Revenue

$10,281

VACATION FD CONTRIBUTIONS

Revenue

$771,219

Organization Details

Founding Year

1964

Principal Officer

James Wisse

Main Address

321 MASON AVENUE, HALEDON, NJ, 07508

NTEE Category

Code: Y40 - Mutual benefit

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