Overview
What is Nysa-Ila Vacation & Holiday Fund?
Nysa-Ila Vacation & Holiday Fund is a nonprofit organization based in Jersey City, New Jersey, with a suite located at 10 Exchange Place, Suite 1400. Established through a collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association, the organization serves as a multi-employer welfare benefit plan. Its primary mission is to provide vacation and holiday benefits to eligible participants. The Fund offers an additional program, which focuses on training for ILA (International Longshoremen's Association) members. The entity, with a workforce of five employees, has accomplished its objective in delivering these benefits to qualified individuals.
Is Nysa-Ila Vacation & Holiday Fund legitimate?
Nysa-Ila Vacation & Holiday Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nysa-Ila Vacation & Holiday 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: $305,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $292,244
For more financial information, click here
What is the mission statement of Nysa-Ila Vacation & Holiday Fund?
The Nysa-Ila Vacation & Holiday Fund serves as a multi-employer welfare benefit plan, established through a collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. Its primary objective is to provide vacation and holiday benefits to eligible participants. In addition to this, the fund offers training opportunities for ILA members. The fund successfully executes its mission by ensuring the payment of vacation benefits to eligible participants.
Who is the CEO of Nysa-Ila Vacation & Holiday Fund?
Dominick Gaudioso is the Treasurer of Nysa-Ila Vacation & Holiday Fund.
What is the revenue of Nysa-Ila Vacation & Holiday Fund?
Nysa-Ila Vacation & Holiday Fund's revenue in 2022 was $56,164,054.
Who are the executives of Nysa-Ila Vacation & Holiday Fund and what are their salaries?
The average compensation at Nysa-Ila Vacation & Holiday Fund during 2022 was $119,451. There are 5 employees at Nysa-Ila Vacation & Holiday Fund.
Here are 21 key members and their salaries:
- Compensation: $255,806
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- Other: $51,975
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Where can I find the form 990 for Nysa-Ila Vacation & Holiday Fund?
Nysa-Ila Vacation & Holiday Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nysa-Ila Vacation & Holiday Fund
Nysa-Ila Vacation & Holiday Fund is a multi-employer welfare benefit plan, established as per the collective bargaining agreement between New York Shipping Association and the International Longshoremen's Association. In simple terms, it is a charitable organization dedicated to providing vacation and holiday benefits to eligible participants. Furthermore, the Fund offers training opportunities for ILA members.
The mission of Nysa-Ila Vacation & Holiday Fund is twofold. Primarily, it ensures that eligible participants receive the vacation and holiday benefits they are entitled to. These benefits not only provide much-needed rest and relaxation but also contribute to maintaining a work-life balance. Secondly, the organization recognizes the importance of skill development and offers training for ILA members. This aspect not only enhances the members' professional growth but also boosts their confidence and morale.
By fulfilling its obligations to pay vacation benefits to eligible participants and providing training opportunities, Nysa-Ila Vacation & Holiday Fund plays a pivotal role in enriching the lives of its members. It offers a sense of security and reassurance, knowing that they have access to benefits that cater to their well-being. Additionally, the training programs empower ILA members with new skills and knowledge, making them more valuable in their roles and preparing them for future opportunities. Overall, Nysa-Ila Vacation & Holiday Fund is an invaluable resource for its members, offering both respite and growth.
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Impact
October, 2024
Nysa-Ila Vacation & Holiday Fund plays a crucial role in enhancing the quality of life for eligible participants by providing vacation and holiday benefits, thereby allowing workers in the maritime industry to enjoy much-needed time off. This support fosters a healthier work-life balance, which is essential for maintaining motivation and job satisfaction among employees.
By meeting its obligation to pay these benefits, the Fund directly impacts the financial well-being of its participants, enabling them to plan and enjoy vacations without the stress of lost income. Furthermore, the Fund contributes to the professional growth of International Longshoremen's Association (ILA) members by offering training opportunities, which helps enhance their skills and employability within the industry.
Overall, the Nysa-Ila Vacation & Holiday Fund strengthens the community by ensuring that workers not only receive their deserved time away from work but also obtain valuable training that can lead to career advancement. This dual impact significantly promotes mutual benefit among employees and their employers, ultimately contributing to a more stable and satisfied workforce in the shipping sector.
This information is meant to be a general summary of Nysa-Ila Vacation & Holiday 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: $56,163,855
- Gross Receipts: $56,164,054
Assets and Liabilities:
- Total Assets: $23,409,271
- Total Liabilities: $23,409,271
- 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
$56,163,855
Organization Details
Founding Year
1971
Phone
(201) 479-3605Principal Officer
Dominick Gaudioso
Main Address
10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302
NTEE Category
Code: Y20Z - Mutual benefit
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