Overview
What is Pmta Ila Vacation & Welfare Fund?
Pmta Ila Vacation & Welfare Fund is a nonprofit organization, established through a collective bargaining agreement between the PMTA and the ILA. It is located at 20 Brace Road, Cherry Hill, New Jersey. This organization primarily serves as a vacation benefit fund for eligible participants, funded by employer contributions and subsidies from the Container Royalty fund. The Pmta Ila Vacation & Welfare Fund also extends additional benefits, such as life insurance and disability coverage, to its members. The Fund's mission is to offer these financial and protective advantages to its participants, thereby enhancing their overall well-being.
Is Pmta Ila Vacation & Welfare Fund legitimate?
Pmta Ila Vacation & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pmta Ila Vacation & Welfare Fund 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.
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What is the mission statement of Pmta Ila Vacation & Welfare Fund?
The Pmta Ila Vacation & Welfare Fund, as part of its mission, serves as a vacation benefit fund sponsored by union employers. It distributes semi-annual benefits to eligible participants, providing them financial support during their time off. Additionally, the fund offers life insurance and disability coverage, ensuring an extra layer of protection for its participants in case of unforeseen circumstances. The establishment of this fund is a result of a collective bargaining agreement between the PMTA and the ILA, with benefits being funded by employer contributions and subsidies from the Container Royalty fund.
Who is the CEO of Pmta Ila Vacation & Welfare Fund?
Patrick O'Hara is the Principal Officer of Pmta Ila Vacation & Welfare Fund.
What is the revenue of Pmta Ila Vacation & Welfare Fund?
Pmta Ila Vacation & Welfare Fund's revenue in 2022 was $9,907,818.
Who are the executives of Pmta Ila Vacation & Welfare Fund and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Pmta Ila Vacation & Welfare Fund?
Pmta Ila Vacation & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pmta Ila Vacation & Welfare Fund
The Pmta Ila Vacation & Welfare Fund, an employer-sponsored initiative by the PMTA and the ILA, serves as a vital benefit for its eligible participants. Its mission is multifaceted, encompassing the provision of a semi-annual benefit distribution and offering life insurance and disability coverage. Established through a collective bargaining agreement, the Fund is funded primarily by employer contributions and subsidies from the Container Royalty fund. This organization aims to support its members by providing financial assistance and essential safety nets during challenging times.
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Impact
October, 2024
The Pmta Ila Vacation & Welfare Fund significantly enhances the well-being of its participants by providing essential financial support through semi-annual benefit distributions. These payments are critical for helping eligible individuals manage their vacation time, ensuring they can enjoy periods of rest and recuperation without financial strain.
Additionally, the Fund extends crucial life insurance and disability benefits, offering peace of mind and security to participants and their families. This comprehensive support not only promotes a better work-life balance but also contributes to overall financial stability.
By being established through a collective bargaining agreement, the Fund embodies the collaborative effort between employers and employees to prioritize the welfare of the labor force within the maritime sector. The benefits are sustained through employer contributions and subsidies, further solidifying the mutual commitment to the well-being of workers. Thus, the Pmta Ila Vacation & Welfare Fund plays a vital role in fostering a more secure and supportive environment for its members.
This information is meant to be a general summary of Pmta Ila Vacation & Welfare 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.
- Investment Income: -$606,535
- Program Service Revenue: $10,514,353
- Gross Receipts: $19,088,245
Assets and Liabilities:
- Total Assets: $10,783,501
- Total Liabilities: $5,946,618
- Net Assets: $4,836,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$7,574,679
CR-5 Assistance
Revenue
$2,939,674
Organization Details
Founding Year
1980
Phone
(856) 616-2090Principal Officer
Patrick O'Hara
Main Address
20 Brace Road, Cherry Hill, NJ, 08034
NTEE Category
Code: Y40 - Mutual benefit
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