Overview
What is Operating Engineers Local No 825 Out-Of-Work Fund?
Operating Engineers Local No 825 Out-Of-Work Fund is a charitable organization based in Springfield, New Jersey, specifically located at 65 Springfield Avenue, 07081. Their primary mission is to offer supplemental unemployment benefits for eligible members of the union. In simpler terms, they provide financial assistance to union members who find themselves unemployed.
Is Operating Engineers Local No 825 Out-Of-Work Fund legitimate?
Operating Engineers Local No 825 Out-Of-Work Fund is a legitimate nonprofit organization registered as a 501(c)(17) entity. Operating Engineers Local No 825 Out-Of-Work 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,906
For more financial information, click here
What is the mission statement of Operating Engineers Local No 825 Out-Of-Work Fund?
The Operating Engineers Local No 825 Out-Of-Work Fund serves a crucial role in providing supplemental unemployment benefits to its eligible members. The mission of this organization is geared towards offering financial assistance during periods of joblessness. In times when engineers under this local face unemployment, the Fund steps in to provide essential support. The primary goal is to help members weather the financial challenges that come with being out of work. Through its mission, the Fund aims to promote stability and resilience among its members, ensuring they are well-equipped to navigate through employment transitions. The organization's unwavering commitment to its members' financial well-being is evident through its provision of supplemental unemployment benefits.
What is the revenue of Operating Engineers Local No 825 Out-Of-Work Fund?
Operating Engineers Local No 825 Out-Of-Work Fund's revenue in 2024 was $10,008,065.
Who are the executives of Operating Engineers Local No 825 Out-Of-Work Fund and what are their salaries?
There 8 volunteers at Operating Engineers Local No 825 Out-Of-Work Fund.
Here are 14 key members and their salaries:
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- Related: $253,949
- Other: $65,425
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- Related: $182,979
- Other: $59,400
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- Related: $147,891
- Other: $56,010
- Compensation: $0
- Related: $147,325
- Other: $55,959
- Compensation: $0
- Related: $146,339
- Other: $55,832
- Compensation: $0
- Related: $132,842
- Other: $54,502
Where can I find the form 990 for Operating Engineers Local No 825 Out-Of-Work Fund?
Operating Engineers Local No 825 Out-Of-Work Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Operating Engineers Local No 825 Out-Of-Work Fund
Operating Engineers Local No 825 Out-Of-Work Fund is a mission-driven organization dedicated to assisting eligible members during periods of unemployment. In simple terms, the fund serves as a safety net for its members, providing them with supplemental unemployment benefits.
The core activity of this nonprofit centers around the distribution of these benefits. When engineers or other workers under Operating Engineers Local No 825 find themselves out of work, they can turn to this organization for financial support. The fund's primary role is to help bridge the gap between job losses and the eventual reemployment, ensuring that its members can maintain their financial well-being during difficult times.
In essence, Operating Engineers Local No 825 Out-Of-Work Fund is a critical resource for its members. By providing supplemental unemployment benefits, it offers peace of mind and stability amid employment instability. This nonprofit's mission is more than just financial support, it's about empowering its members to weather the ups and downs of their careers, knowing that they have a reliable source of assistance whenever they need it.
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Impact
October, 2024
The Operating Engineers Local No 825 Out-Of-Work Fund plays a significant role in supporting its members during challenging economic times. By providing supplemental unemployment benefits, the fund alleviates financial stress for eligible participants who find themselves out of work. This assistance helps members maintain a semblance of stability, allowing them to meet essential needs while they search for new job opportunities.
In communities like Springfield, NJ, the fund serves as a crucial safety net, fostering loyalty and solidarity among union members. By ensuring that financial hardships are mitigated, the fund not only benefits individual members but also strengthens the overall workforce, encouraging a more resilient and prepared local economy. Ultimately, the fund's contributions enhance the security and well-being of workers, illustrating the importance of mutual support and collective welfare in the face of employment uncertainties.
This information is meant to be a general summary of Operating Engineers Local No 825 Out-Of-Work 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 2024.
- Investment Income: $3,086,782
- Program Service Revenue: $6,423,640
- Gross Receipts: $25,671,053
Assets and Liabilities:
- Total Assets: $83,660,847
- Total Liabilities: $195,075
- Net Assets: $83,465,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$6,423,640
Organization Details
Founding Year
1968
Principal Officer
Christine Medich
NTEE Category
Code: Y20 - Mutual benefit
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