Overview
What is Iupat District Council No 21 Job Recovery Fund?
The Iupat District Council No 21 Job Recovery Fund is a charitable initiative aimed at supporting employer competitiveness. Located in Philadelphia, Pennsylvania, this nonprofit fund distributes grants to various employee benefit funds affiliated with the International Union of Painters and Allied Trades District Council 21. The primary objective is to subsidize employers' fringe benefit payments, enabling them to bid competitively against non-union competitors. By doing so, the fund contributes to the retention of contracts that might otherwise be lost. The subsidized funds include pension, health and welfare, annuity, apprenticeship training, industry advancement, and labor management funds. In summary, the Iupat District Council No 21 Job Recovery Fund serves as a financial resource for enhancing the competitiveness of union employers by partially funding their employees' fringe benefits.
Is Iupat District Council No 21 Job Recovery Fund legitimate?
Iupat District Council No 21 Job Recovery Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Iupat District Council No 21 Job Recovery 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $18,122
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What is the mission statement of Iupat District Council No 21 Job Recovery Fund?
The Iupat District Council No 21 Job Recovery Fund aims to subsidize the fringe benefits expenses of contributing employers, thereby enhancing their competitiveness in securing contracts that might otherwise be awarded to non-union contractors. To accomplish this objective, the fund distributes benefit grants to various funds, such as pension, health and welfare, annuity, apprenticeship training, industry advancement, and labor management funds, on behalf of employers who employ or wish to employ members of the International Union of Painters and Allied Trades District Council 21. This support is intended to help these employers remain competitive and retain their workforce.
Who is the CEO of Iupat District Council No 21 Job Recovery Fund?
Michael Previtera is the Employer Trustee of Iupat District Council No 21 Job Recovery Fund.
What is the revenue of Iupat District Council No 21 Job Recovery Fund?
Iupat District Council No 21 Job Recovery Fund's revenue in 2023 was $2,225,304.
Who are the executives of Iupat District Council No 21 Job Recovery Fund and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Iupat District Council No 21 Job Recovery Fund?
Iupat District Council No 21 Job Recovery Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Iupat District Council No 21 Job Recovery Fund
The Iupat District Council No 21 Job Recovery Fund is established with a mission to aid the competitiveness of contributing employers in securing contracts that might otherwise be taken by non-union contractors. To achieve this objective, the fund distributes benefit grants to various funds, including pension, health and welfare, annuity, apprenticeship training, industry advancement, and labor management funds, on behalf of employers who employ or wish to employ members of the International Union of Painters and Allied Trades District Council 21. The primary goal is to subsidize the amount employers pay for fringe benefits, thereby enhancing their overall financial standing and making them more attractive to potential clients. This initiative ultimately benefits both the employers and the union members by providing a conducive environment for employment opportunities and maintaining the competitive edge of union labor in the industry.
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Impact
October, 2024
Iupat District Council No 21 Job Recovery Fund plays a crucial role in enhancing the competitiveness of employers who look to hire members of the International Union of Painters and Allied Trades District Council 21. By subsidizing the fringe benefit costs incurred by these employers, the Fund allows them to effectively compete for contracts against non-union contractors.
This financial support enables employers to maintain attractive benefit packages, thereby mitigating the risk of losing potential work opportunities. The Fund distributes benefit grants to critical areas such as pension, health and welfare, annuity, apprenticeship training, industry advancement, and labor management funds. As a result, employers can offer competitive wages and benefits, which not only supports their viability but also promotes job security and advancements for union members.
Ultimately, the Job Recovery Fund positively impacts the local economy in Philadelphia and surrounding areas by sustaining union jobs and fostering a stable workforce. This assistance can lead to a stronger union presence in various industries, ensuring that skilled labor remains a vital part of the region's workforce.
This information is meant to be a general summary of Iupat District Council No 21 Job Recovery 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 2023.
- Investment Income: $73,355
- Program Service Revenue: $2,151,949
- Gross Receipts: $2,225,827
Assets and Liabilities:
- Total Assets: $4,108,438
- Total Liabilities: $2,592,710
- Net Assets: $1,515,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,942,422
SUBSIDIES CANCELED
Revenue
$209,527
Organization Details
Founding Year
1964
Phone
(215) 934-5130Principal Officer
Michael Previtera
Main Address
2980 SOUTHAMPTON ROAD, PHILADELPHIA, PA, 191541297
NTEE Category
Code: J40 - Employment
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