Overview
What is Northern Ohio Lmc Inc?
Northern Ohio LMC Inc, situated in Canfield, Ohio, serves as a centralized collection and administration agency for various local unions and organizations within the broader Ohio and Michigan regions. Acting in accordance with collective bargaining agreements, this nonprofit assists in managing fringe benefit and union or industry funds. They receive contributions from employers, oversee the accumulation and disbursement of these funds to the appropriate beneficiaries, and provide record-keeping and other administrative services. The organization's mission is to facilitate financial management for numerous locals within its geographical area.
Is Northern Ohio Lmc Inc legitimate?
Northern Ohio Lmc Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Northern Ohio Lmc Inc 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:
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What is the mission statement of Northern Ohio Lmc Inc?
Northern Ohio LMC Inc serves as a centralized collection and administration agency for various local entities within the greater Ohio and Michigan areas. Its primary role is to assist in the administration of fringe benefit and union or industry funds established through collective bargaining agreements. The organization receives funds from employers, accumulates and disburses these monies to the appropriate funds, and provides record-keeping and other administrative services. In essence, Northern Ohio LMC Inc acts as a bridge between employers and the funds, ensuring the proper management and distribution of funds for the benefit of the specified locals.
What is the revenue of Northern Ohio Lmc Inc?
Northern Ohio Lmc Inc's revenue in 2023 was $8,436,748.
Who are the executives of Northern Ohio Lmc Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Northern Ohio Lmc Inc?
Northern Ohio Lmc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Northern Ohio Lmc Inc
Northern Ohio LMC Inc serves a crucial role as a centralized collection and administration agency for various locals within the broader Ohio and Michigan regions. Their mission is to assist in the administration of fringe benefit and union or industry funds established through collective bargaining agreements. The organization receives funds and reports from employers, accumulates and disburses these monies to the appropriate fringe benefit, union, or industry funds. Additionally, Northern Ohio LMC Inc performs record-keeping and administrative services, ensuring the efficient and effective management of these funds. By acting as a centralized hub, the nonprofit helps to streamline the process of managing and distributing these funds, ultimately benefiting the local communities and individuals who rely on them.
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Impact
October, 2024
Northern Ohio Lmc Inc plays a vital role in supporting the workforce and local economies in the greater Ohio and Michigan areas. By functioning as a centralized collection and administration agency, it facilitates the efficient management of fringe benefit and union or industry funds that are established through collective bargaining agreements.
This organization processes money received from employers, ensuring accurate accumulation and timely disbursement to the appropriate funds. Through its administrative services and record-keeping, Northern Ohio Lmc Inc helps streamline operations for various locals, enhancing the overall effectiveness of labor unions and improving the delivery of benefits to workers.
Their efforts not only ensure compliance with agreements but also foster stability and security among employees, which in turn contributes to a healthier workforce and community. The organization’s mission underscores its commitment to promoting fair labor practices and supporting the economic well-being of workers in the region.
This information is meant to be a general summary of Northern Ohio Lmc Inc. 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 2023.
- Investment Income: $3,530
- Program Service Revenue: $8,433,218
- Gross Receipts: $8,436,748
Assets and Liabilities:
- Total Assets: $235,859
- Total Liabilities: $108,241
- Net Assets: $127,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FRINGE BENEFITS COLLECTED
Revenue
$8,354,940
SERVICE FEES COLLECTED
Revenue
$78,278
Organization Details
Founding Year
2010
Principal Officer
Jason Walden
NTEE Category
Code: J40 - Employment
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