Mechanical Trades Betterment Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237091950 ✦ Latham, NY ✦ Designated as a 501(c)(5)

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Overview

What is Mechanical Trades Betterment Fund?

The Mechanical Trades Betterment Fund is a nonprofit organization committed to enhancing and improving the Mechanical Trades sector. Their activities encompass various areas, including advocating for legislation, managing public relations, promoting safety protocols, organizing educational programs, and utilizing legal measures whenever necessary. Their mission is centered around bettering the Mechanical Trades, striving to contribute positively to this field through multiple avenues.


Official website here: www.ualocal7.org

Is Mechanical Trades Betterment Fund legitimate?

Mechanical Trades Betterment Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Mechanical Trades Betterment 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


Official website here: www.ualocal7.org

What is the mission statement of Mechanical Trades Betterment Fund?

The Mechanical Trades Betterment Fund is dedicated to enhancing and advancing the Mechanical Trades sector. This is achieved through various means, such as supporting legislation, promoting public relations, implementing safety programs, organizing educational initiatives, and utilizing legal avenues when necessary. The organization's primary goal is to improve the Mechanical Trades, contributing positively to this field.


Official website here: www.ualocal7.org

Who is the CEO of Mechanical Trades Betterment Fund?

Edward Nadeau is the Trustee of Mechanical Trades Betterment Fund.


Official website here: www.ualocal7.org

What is the revenue of Mechanical Trades Betterment Fund?

Mechanical Trades Betterment Fund's revenue in 2023 was $581,044.


Official website here: www.ualocal7.org

Who are the executives of Mechanical Trades Betterment Fund and what are their salaries?


Here are 6 key members and their salaries:


Mike Foster (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Rosenzweig (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Altrock (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Perry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Maguire (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Nadeau (Business Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ualocal7.org

Where can I find the form 990 for Mechanical Trades Betterment Fund?

Mechanical Trades Betterment Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.ualocal7.org

Learn more at the official website: www.ualocal7.org

Mission Statement of Mechanical Trades Betterment Fund

The Mechanical Trades Betterment Fund is committed to the betterment and improvement of the mechanical trades. This nonprofit organization undertakes various initiatives, including sponsoring legislation, engaging in public relations, promoting safety programs, and facilitating educational programs. Furthermore, it utilizes legal means to advance its mission. By doing so, the Mechanical Trades Betterment Fund aims to enhance the mechanical trades sector, contributing to its growth and development.

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Impact




October, 2024

The Mechanical Trades Betterment Fund plays a crucial role in enhancing the mechanical trades through various initiatives focused on betterment and improvement. Its impact is seen in several key areas:

1. **Legislation Sponsorship**: By advocating for policies that protect and promote the interests of mechanical trades, the Fund helps to create a regulatory environment that supports growth and innovation within the sector.

2. **Public Relations**: Through strategic public relations efforts, the Fund raises awareness about the importance of mechanical trades. This fosters a positive image and helps attract new talent to the industry.

3. **Safety Programs**: The implementation of safety programs significantly reduces workplace incidents, promoting a safer environment for workers. This not only protects lives but also enhances productivity and morale within the workforce.

4. **Educational Programs**: By supporting educational initiatives, the Fund ensures that workers have access to the training and resources necessary to enhance their skills, keeping the workforce competitive and knowledgeable about the latest technologies and practices.

5. **Legal Support**: The provision of legal means for the mechanical trades helps ensure that workers and companies can navigate legal challenges effectively, thereby safeguarding their rights and interests.

Overall, the Mechanical Trades Betterment Fund contributes to the vitality and sustainability of the mechanical trades, ensuring that they continue to be a significant component of the economy and society.




This information is meant to be a general summary of Mechanical Trades Betterment 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.

Revenue
$581,044 (2023)
Expenses
$535,440 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $15,119
  • Program Service Revenue: $558,695
  • Gross Receipts: $581,044

Assets and Liabilities:

  • Total Assets: $714,068
  • Total Liabilities: $0
  • Net Assets: $714,068

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$558,695

Organization Details

Founding Year

1968

Principal Officer

Edward Nadeau

Main Address

18 AVIS DRIVE, LATHAM, NY, 12110

NTEE Category

Code: K20 - Food

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