Electrical Workers Local No 292 Vacation & Holiday Trust Fund

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

EIN: 411701466 ✦ Maple grove, MN ✦ Designated as a 501(c)(9)

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Overview

What is Electrical Workers Local No 292 Vacation & Holiday Trust Fund?

The Electrical Workers Local No 292 Vacation & Holiday Trust Fund is a nonprofit organization established to offer vacation and holiday benefits to eligible participants. Based in Maple Grove, Minnesota, at 6900 WEDGWOOD ROAD N 425, the trust fund caters to a community of approximately 2,400 individuals. Its primary mission is to provide and maintain these benefits as outlined in the plan document, creating opportunities for rest and relaxation for its members.


Official website here: www.ibew292benefits.org

What are the reviews and ratings of this charity?

The Electrical Workers Local No 292 Vacation & Holiday Trust Fund is not currently rated by Charity Navigator. Charity Navigator requires certain beacons like Accountability & Finance or Impact & Measurement for a rating, but these are not available for this organization. The absence of a rating simply implies that the fund hasn't been evaluated and does not reflect its performance or reliability.

The organization isn't registered as a 501(c)(3) nonprofit, which limits the evaluation aspects, including Impact & Measurement, Culture & Community, and Leadership & Adaptability. It's registered as an independent organization separate from common nonprofit foundations, which means it operates uniquely outside the 501(c)(3) category.

No specific data on revenue, expenses, or personnel salaries is available from the IRS. This lack of information can make it challenging for potential supporters to assess the financial health or operational transparency of the organization. Therefore, those interested might need to seek direct contact for insights into its performance and mission delivery.


This AI summary has been generated from information found on Charity Navigator.

Is Electrical Workers Local No 292 Vacation & Holiday Trust Fund legitimate?

Electrical Workers Local No 292 Vacation & Holiday Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Workers Local No 292 Vacation & Holiday Trust 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.ibew292benefits.org

What is the mission statement of Electrical Workers Local No 292 Vacation & Holiday Trust Fund?

The Electrical Workers Local No 292 Vacation & Holiday Trust Fund is committed to providing vacation and holiday benefits to eligible participants as outlined in the plan document. The primary mission of this trust fund is to maintain and uphold these benefits for both the participants and their beneficiaries. The trust fund currently supports around 2,402 individuals in accessing these valuable benefits.


Official website here: www.ibew292benefits.org

Who is the CEO of Electrical Workers Local No 292 Vacation & Holiday Trust Fund?

David Manderson is the Management Trustee, Chairm of Electrical Workers Local No 292 Vacation & Holiday Trust Fund.


Official website here: www.ibew292benefits.org

What is the revenue of Electrical Workers Local No 292 Vacation & Holiday Trust Fund?

Electrical Workers Local No 292 Vacation & Holiday Trust Fund's revenue in 2022 was $20,526,517.


Official website here: www.ibew292benefits.org

Who are the executives of Electrical Workers Local No 292 Vacation & Holiday Trust Fund and what are their salaries?

There 8 volunteers at Electrical Workers Local No 292 Vacation & Holiday Trust Fund.


Here are 10 key members and their salaries:


David Manderson (Management Trustee, Chairm)
  • Compensation: $0
  • Related: $259,220
  • Other: $55,627
Jennifer Mudge (Labor Trustee - Alternate)
  • Compensation: $0
  • Related: $135,528
  • Other: $62,055
David Frary (Labor Trustee, Secretary)
  • Compensation: $0
  • Related: $126,038
  • Other: $58,652
Daniel Ferguson (Labor Trustee)
  • Compensation: $0
  • Related: $126,038
  • Other: $58,652
Jeffrey Heimerl (Labor Trustee)
  • Compensation: $0
  • Related: $161,698
  • Other: $69,482
Laura Karow (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Kosmides (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Hein (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Morris (Management Trustee - Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carla Gruetzmacher (Administrative Manager)
  • Compensation: $0
  • Related: $138,134
  • Other: $55,826


Official website here: www.ibew292benefits.org

Where can I find the form 990 for Electrical Workers Local No 292 Vacation & Holiday Trust Fund?

Electrical Workers Local No 292 Vacation & Holiday Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ibew292benefits.org

Learn more at the official website: www.ibew292benefits.org

Mission Statement of Electrical Workers Local No 292 Vacation & Holiday Trust Fund

Electrical Workers Local No 292 Vacation & Holiday Trust Fund is a mission-driven organization dedicated to providing vacation and holiday benefits to eligible participants as outlined in the plan document. The Trust Fund's primary goal is to maintain and dispense these advantages for over two thousand four hundred (2,402) beneficiaries and their dependents.

By offering vacation and holiday benefits, Electrical Workers Local No 292 Vacation & Holiday Trust Fund plays a crucial role in enhancing the quality of life for its members. This nonprofit organization is committed to ensuring that its participants can take a break from their daily routines and rejuvenate, leading to increased productivity and overall well-being.

The Trust Fund's mission is carried out through the careful management and administration of its plan document. This document specifies the eligibility criteria, terms, and conditions for receiving vacation and holiday benefits. The organization is dedicated to providing these benefits according to the guidelines outlined in the document to ensure fairness and consistency for all participants.

In summary, Electrical Workers Local No 292 Vacation & Holiday Trust Fund is a compassionate organization that enhances the lives of its members by providing vacation and holiday benefits, as outlined in its plan document, for over two thousand four hundred eligible participants.

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Impact




October, 2024

Electrical Workers Local No 292 Vacation & Holiday Trust Fund plays a vital role in enhancing the financial well-being of its participants by providing essential vacation and holiday benefits. This fund supports 2,402 eligible workers, ensuring they receive necessary time off while still maintaining financial stability. By adhering to the terms outlined in the plan document, the Trust Fund not only safeguards the well-being of its participants but also extends these benefits to their beneficiaries, emphasizing a commitment to mutual support within the community. Located in Maple Grove, MN, the organization is dedicated to fulfilling its mission of maintaining and providing these benefits, which ultimately contributes to a more secure and supportive environment for electrical workers and their families.




This information is meant to be a general summary of Electrical Workers Local No 292 Vacation & Holiday Trust 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
$20,631,517 (2022)
Expenses
$22,113,263 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $20,526,517
  • Gross Receipts: $20,526,517

Assets and Liabilities:

  • Total Assets: $2,002,234
  • Total Liabilities: $89,725
  • Net Assets: $1,912,509

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$20,500,368

PARTICIPANT FEE ASSESSMENTS

Revenue

$26,149

Organization Details

Founding Year

1991

Principal Officer

David Manderson

Main Address

6900 WEDGWOOD ROAD N 425, MAPLE GROVE, MN, 553113552

NTEE Category

Code: Y40 - Mutual benefit

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