Overview
What is Machinists Retiree Investment Trust?
The Machinists Retiree Investment Trust, situated in Dublin, California, serves as a nonprofit organization. Its primary function is to manage and invest contributions received, solely for the purpose of offering health and welfare benefits to eligible participants within this multi-employer plan. By doing so, the Trust aims to support the well-being of its participants and their beneficiaries, ensuring financial security and assistance in times of need.
Is Machinists Retiree Investment Trust legitimate?
Machinists Retiree Investment Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Machinists Retiree Investment Trust 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 Machinists Retiree Investment Trust?
The Machinists Retiree Investment Trust's mission is centered around utilizing the contributions it receives for the sole purpose of providing benefits to its participants and their beneficiaries within this multi-employer plan. The primary objective of the trust is to invest these funds effectively, with the ultimate goal of enhancing the welfare of those eligible. The trust is committed to providing health and other benefits to these participants, ensuring their well-being and financial security in retirement.
Who is the CEO of Machinists Retiree Investment Trust?
Don Crosatto is the Trustee of Machinists Retiree Investment Trust.
What is the revenue of Machinists Retiree Investment Trust?
Machinists Retiree Investment Trust's revenue in 2022 was $1,231,537.
Who are the executives of Machinists Retiree Investment Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Machinists Retiree Investment Trust?
Machinists Retiree Investment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Machinists Retiree Investment Trust
The Machinists Retiree Investment Trust, in its mission, focuses on utilizing and investing the contributions it receives for a singular objective: to offer benefits to the participants and their beneficiaries within this multi-employer plan. The primary goal of this trust is to provide comprehensive health and welfare benefits to those who are eligible within this plan. By managing and investing these contributions, the Machinists Retiree Investment Trust aims to ensure the well-being and financial security of its participants and their beneficiaries.
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Impact
October, 2024
The Machinists Retiree Investment Trust plays a crucial role in securing financial benefits and health and welfare provisions for its participants and their beneficiaries. By strategically investing the contributions received, the Trust ensures that eligible retirees from the machining industry have access to necessary resources and support during their retirement years. This focus on sustainable investment not only benefits individuals but also strengthens the overall financial stability of the multiemployer plan, providing peace of mind to participants relying on these benefits in Dublin, CA, and beyond. The Trust's commitment to managing these contributions effectively underscores its dedication to the well-being of machinists and their families, fostering a sense of mutual benefit within the community.
This information is meant to be a general summary of Machinists Retiree Investment Trust. 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.
- Investment Income: -$20,325
- Program Service Revenue: $1,251,862
- Gross Receipts: $14,925,572
Assets and Liabilities:
- Total Assets: $19,483,042
- Total Liabilities: $206
- Net Assets: $19,482,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$1,251,462
LIQUIDATED DAMAGES
Revenue
$400
Organization Details
Founding Year
2003
Phone
(800) 635-3105Principal Officer
Don Crosatto
Main Address
4160 dublin blvd, dublin, CA, 94568
NTEE Category
Code: Y43 - Mutual benefit
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