Overview
What is Minnesota Laborers Vacation Fund?
Minnesota Laborers Vacation Fund is a nonprofit organization based in Mendota Heights, Minnesota, with the address 2520 Pilot Knob Road 325. Their primary mission is to provide vacation benefits for eligible participants or cover their working dues based on the terms of the Summary Plan Description. The trust was established to pay out vacation benefits for the benefit of participants, their families, and beneficiaries, as stated in their purpose.
What are the reviews and ratings of this charity?
The Minnesota Laborers Vacation Fund is not currently rated by Charity Navigator. The lack of a rating does not suggest any positive or negative view; it simply means the organization has not been assessed by the available criteria. Charity Navigator mainly evaluates nonprofits registered as 501(c)(3) organizations, while this fund does not fall into that specific category.
The organization is registered with the IRS and is recognized as an independent entity, yet it is not evaluated for aspects such as Impact & Measurement, Leadership & Adaptability, or Culture & Community. This limitation is due to its non-501(c)(3) status, which excludes it from the typical criteria Charity Navigator applies to provide detailed ratings.
No user reviews are present on Great Nonprofits, which means there’s no public input or feedback available to offer further insight into the experiences of those who have interacted with or benefitted from the organization. Without these insights, it is challenging to provide a more comprehensive assessment of its operational strengths or areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Laborers Vacation Fund legitimate?
Minnesota Laborers Vacation Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Minnesota Laborers Vacation 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: $0
For more financial information, click here
What is the mission statement of Minnesota Laborers Vacation Fund?
The Minnesota Laborers Vacation Fund is set up to offer vacation benefits for eligible participants and their families or beneficiaries. The trust aims to distribute these benefits from its principal or income, or both, to enhance the leisure time of those enrolled in the program. The primary objective is to provide vacation benefits as outlined in the Summary Plan Description.
Who is the CEO of Minnesota Laborers Vacation Fund?
Heather Grazzini-Sims is the Trustee - Union of Minnesota Laborers Vacation Fund.
What is the revenue of Minnesota Laborers Vacation Fund?
Minnesota Laborers Vacation Fund's revenue in 2022 was $45,888,621.
Who are the executives of Minnesota Laborers Vacation Fund and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $139,256
- Other: $87,329
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $130,923
- Other: $81,837
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $133,206
- Other: $84,604
- Compensation: $0
- Related: $186,858
- Other: $109,957
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minnesota Laborers Vacation Fund?
Minnesota Laborers Vacation Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minnesota Laborers Vacation Fund
Minnesota Laborers Vacation Fund, a trust established for a noble purpose, seeks to provide vacation benefits for eligible participants and their families, as well as pay their working dues under the terms of the summary plan description. The trust's primary mission revolves around granting vacation benefits to deserving individuals, enriching their lives and offering them well-deserved relaxation. By doing so, the Minnesota Laborers Vacation Fund aims to contribute positively to the overall well-being of its beneficiaries.
The trust's mission is carried out through its dedication to paying vacation benefits from its principal or income, or a combination of both. This financial support enables hundreds of eligible individuals to take a break from their daily routines, recharge, and create cherished memories with their loved ones. By offering this valuable benefit, the Minnesota Laborers Vacation Fund not only enhances the lives of its participants but also bolsters their morale and motivation, contributing to their overall well-being and productivity.
Moreover, the trust extends its support by also allowing eligible participants to pay their working dues under the terms of the summary plan description. This added convenience alleviates the burden of financial obligations for the participants, enabling them to fully focus on their rest and relaxation during their vacation time. The Minnesota Laborers Vacation Fund's commitment to both vacation benefits and working dues creates an invaluable resource for its participants, providing them with financial peace of mind and the opportunity to rejuvenate.
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Impact
October, 2024
The Minnesota Laborers Vacation Fund significantly impacts eligible participants by providing crucial vacation benefits. This support allows individuals to take time off work without financial strain, fostering a better work-life balance for them and their families. By paying vacation benefits directly or covering working dues according to established guidelines, the Fund ensures that participants can enjoy their time away from work, leading to improved well-being and productivity upon their return.
Furthermore, the Trust is dedicated to benefiting not only participants but also their families and beneficiaries, which reinforces its role in the community. By fulfilling these commitments, the Minnesota Laborers Vacation Fund enhances the overall quality of life for workers in Mendota Heights and beyond, promoting stability and financial security for those involved.
This information is meant to be a general summary of Minnesota Laborers Vacation 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: $110,723
- Program Service Revenue: $45,777,898
- Gross Receipts: $45,888,621
Assets and Liabilities:
- Total Assets: $30,700,458
- Total Liabilities: $13,071
- Net Assets: $30,687,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$45,644,028
SERVICE FEES
Revenue
$95,201
LIQUIDATED DAMAGES
Revenue
$36,934
LEGAL FEE RECOVERY
Revenue
$1,735
Organization Details
Founding Year
1968
Phone
(651) 256-1900Principal Officer
Heather Grazzini-Sims
Main Address
2520 PILOT KNOB ROAD 325, MENDOTA HEIGHTS, MN, 55120
NTEE Category
Code: Y40 - Mutual benefit
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