Overview
What is Local 945 Pension Fund Building Corporation?
Local 945 Pension Fund Building Corporation is a nonprofit entity established with the primary mission of managing and overseeing real property on behalf of Teamsters Local 945 Pension Fund. Located at 585 Hamburg Turnpike, Wayne, New Jersey, this organization's purpose is to ensure the proper title and operation of real estate assets for the pension fund's benefit. By doing so, they contribute to the financial security and well-being of the members associated with Teamsters Local 945 Pension Fund.
Is Local 945 Pension Fund Building Corporation legitimate?
Local 945 Pension Fund Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 945 Pension Fund Building 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Local 945 Pension Fund Building Corporation?
The Local 945 Pension Fund Building Corporation's primary mission is to manage and operate real estate properties. This organization serves a specific purpose, which is to safeguard the real estate assets for Teamsters Local 945 Pension Fund. By doing so, it ensures the long-term financial stability and growth of the pension fund, ultimately benefiting the workers in the union. The corporation's role is crucial in maintaining and managing the properties effectively, thereby providing a steady income stream for the pension fund.
Who is the CEO of Local 945 Pension Fund Building Corporation?
Paxton Ryan is the Director of Local 945 Pension Fund Building Corporation.
What is the revenue of Local 945 Pension Fund Building Corporation?
Local 945 Pension Fund Building Corporation's revenue in 2022 was $130,849.
Who are the executives of Local 945 Pension Fund Building Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $135,403
- Other: $33,487
Where can I find the form 990 for Local 945 Pension Fund Building Corporation?
Local 945 Pension Fund Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 945 Pension Fund Building Corporation
Local 945 Pension Fund Building Corporation is committed to holding title to and operating real property, serving a crucial role for Teamsters Local 945 Pension Fund. In essence, this organization is responsible for managing real estate assets, ensuring they are utilized effectively and efficiently on behalf of the pension fund. This mission is essential in providing a stable financial foundation for its affiliated union, Teamsters Local 945. By successfully managing real estate properties, Local 945 Pension Fund Building Corporation contributes to the overall financial well-being of the pension fund, ultimately benefiting its members and ensuring their retirement security.
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Impact
October, 2024
Local 945 Pension Fund Building Corporation plays a vital role in supporting the Teamsters Local 945 Pension Fund by holding title to and operating real property. This activity is essential for ensuring the financial stability and growth of the pension fund, ultimately benefiting the members of the Teamsters in the community.
By managing and operating real estate assets, Local 945 Pension Fund Building Corporation facilitates secure investment opportunities, enhancing the fund’s ability to meet its obligations to retirees and their families. This stability contributes to the overall economic health of the community in Wayne, NJ, as it helps maintain livelihoods and supports local businesses.
The corporation's efforts in property management also promote community improvement initiatives. By investing in and maintaining properties effectively, it helps revitalize the area and create a positive environment for employees and residents alike. Overall, the work of Local 945 Pension Fund Building Corporation not only supports the pension fund but also fosters broader community development.
This information is meant to be a general summary of Local 945 Pension Fund Building 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $130,849
- Gross Receipts: $130,849
Assets and Liabilities:
- Total Assets: $317,787
- Total Liabilities: $2,180
- Net Assets: $315,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$130,849
Organization Details
Founding Year
1988
Phone
(973) 942-9463Principal Officer
Paxton Ryan
Main Address
585 HAMBURG TURNPIKE, WAYNE, NJ, 07470
NTEE Category
Code: S47 - Community improvement
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