Overview
What is Nysa-Ila Gai Fund?
The Nysa-Ila Gai Fund is a nonprofit organization situated in Jersey City, New Jersey, specifically at 10 Exchange Place Suite 1400. Established through a collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association, its primary mission is to offer Guaranteed Annual Income Benefits to eligible participants. In response to the COVID-19 pandemic, this fund also extended its services to provide emergency supplemental unemployment benefits to longshore workers covered by the Master Contract who found themselves jobless due to the pandemic. The fund effectively fulfilled its mission in providing these benefits to eligible participants.
Is Nysa-Ila Gai Fund legitimate?
Nysa-Ila Gai Fund is a legitimate nonprofit organization registered as a 501(c)(17) entity. Nysa-Ila Gai 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 Nysa-Ila Gai Fund?
The Nysa-Ila Gai Fund serves as a multi-employer welfare employee benefit plan, established through a collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. Its primary function is to provide Guaranteed Annual Income Benefits. In response to the COVID-19 pandemic, the fund also offers emergency supplemental unemployment benefits to longshore workers covered by the Master Contract who were temporarily out of work. In essence, the Nysa-Ila Gai Fund is committed to supporting the financial well-being of longshore workers during challenging economic situations.
Who is the CEO of Nysa-Ila Gai Fund?
Dominick Gaudioso is the Treasurer of Nysa-Ila Gai Fund.
What is the revenue of Nysa-Ila Gai Fund?
Nysa-Ila Gai Fund's revenue in 2022 was $323,194.
Who are the executives of Nysa-Ila Gai Fund and what are their salaries?
Here are 19 key members and their salaries:
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Where can I find the form 990 for Nysa-Ila Gai Fund?
Nysa-Ila Gai Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nysa-Ila Gai Fund
The Nysa-Ila Gai Fund, established through a collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association, serves as a multi-employer welfare employee benefit plan. Its primary mission is to provide Guaranteed Annual Income Benefits to its members. During times of hardship, such as the COVID-19 pandemic, the Fund extends its support by offering emergency supplemental unemployment benefits to longshore workers covered by the Master Contract who have temporarily lost their jobs. By providing these benefits, the Nysa-Ila Gai Fund seeks to assist its members in maintaining financial stability and ensuring their well-being during challenging periods.
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Impact
October, 2024
The Nysa-Ila Gai Fund has made a significant impact by providing essential financial support to longshore workers in New Jersey during challenging times. By offering Guaranteed Annual Income Benefits, the Fund ensures that eligible workers have a stable source of income, thereby enhancing their financial security.
In response to the COVID-19 pandemic, the Fund expanded its efforts to include emergency supplemental unemployment benefits, helping workers who faced job losses due to the crisis. This timely assistance has played a crucial role in alleviating financial distress for many families within the longshore community, allowing them to navigate the uncertainties brought about by the pandemic.
Overall, the Fund's commitment to meeting its obligations has strengthened the safety net for longshore workers, reinforcing the importance of collective bargaining agreements in providing mutual benefits during times of need.
This information is meant to be a general summary of Nysa-Ila Gai 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.
- Program Service Revenue: $323,194
- Gross Receipts: $323,194
Assets and Liabilities:
- Total Assets: $9,918
- Total Liabilities: $9,918
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service revenue
Revenue
$323,194
Organization Details
Founding Year
1966
Phone
(201) 479-3605Principal Officer
Dominick Gaudioso
Main Address
10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302
NTEE Category
Code: Y34Z - Mutual benefit
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