Overview
What is Ua Local 85 Supplemental Unemployment Benefit Fund?
Ua Local 85 Supplemental Unemployment Benefit Fund is a Taft-Hartley multi-employer employee benefit fund, established under a collective bargaining agreement. This nonprofit organization, also known as the Saginaw Local 85 Sub Fund, is based in Troy, Michigan. Its primary mission is to provide supplemental unemployment benefits to union members, aiming to support them during periods of job loss. The fund operates with a team of 14 individuals, working diligently to fulfill its purpose.
Is Ua Local 85 Supplemental Unemployment Benefit Fund legitimate?
Ua Local 85 Supplemental Unemployment Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(17) entity. Ua Local 85 Supplemental Unemployment Benefit 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: $7,562
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What is the mission statement of Ua Local 85 Supplemental Unemployment Benefit Fund?
The UA Local 85 Supplemental Unemployment Benefit Fund is a multi-employer employee benefit fund, established under a collective bargaining agreement. Its primary objective is to provide supplemental unemployment benefits to union members. This fund was created with the aim of offering additional financial support during periods of unemployment for the affiliated workforce. It operates under the Taft-Hartley Act, ensuring a collective approach to providing these benefits.
What is the revenue of Ua Local 85 Supplemental Unemployment Benefit Fund?
Ua Local 85 Supplemental Unemployment Benefit Fund's revenue in 2024 was $573,184.
Who are the executives of Ua Local 85 Supplemental Unemployment Benefit Fund and what are their salaries?
The average compensation at Ua Local 85 Supplemental Unemployment Benefit Fund during 2024 was $445. There are 17 employees and 5 volunteers at Ua Local 85 Supplemental Unemployment Benefit Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $158,548
- Other: $0
- Compensation: $0
- Related: $113,840
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Ua Local 85 Supplemental Unemployment Benefit Fund?
Ua Local 85 Supplemental Unemployment Benefit Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Ua Local 85 Supplemental Unemployment Benefit Fund
UA Local 85 Supplemental Unemployment Benefit Fund is a multi-employer employee benefit fund, established under a collective bargaining agreement. Its primary mission is to provide supplemental unemployment benefits to union members. This fund serves as a safety net for workers during periods of unemployment, offering additional financial support beyond what traditional unemployment insurance might provide. By doing so, UA Local 85 Supplemental Unemployment Benefit Fund aims to help union members maintain their financial stability during challenging times.
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Impact
October, 2024
The Ua Local 85 Supplemental Unemployment Benefit Fund serves a vital role in supporting union members during periods of unemployment. By providing supplemental unemployment benefits, it helps bridge the financial gap for workers who find themselves without regular income. This assistance not only alleviates economic strain for individuals and families but also fosters stability within the local economy by enabling recipients to maintain their purchasing power during challenging times.
Established as a Taft-Hartley multi-employer benefit fund, it operates under a collective bargaining agreement, ensuring that union members receive critical financial support when needed. This mechanism not only benefits individual union members but also strengthens the overall union by enhancing its capacity to support its workforce. The Fund therefore plays a crucial role in promoting the welfare of its members and reinforcing the cooperative spirit inherent in union membership, thereby contributing to a resilient labor community in Troy, MI.
This information is meant to be a general summary of Ua Local 85 Supplemental Unemployment Benefit 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 2024.
- Investment Income: $48,130
- Program Service Revenue: $424,576
- Gross Receipts: $962,443
Assets and Liabilities:
- Total Assets: $1,710,579
- Total Liabilities: $18,736
- Net Assets: $1,691,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$424,576
Organization Details
Founding Year
1995
Principal Officer
Justin Pomerville
NTEE Category
Code: Y20 - Mutual benefit
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