Overview
What is Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund?
The Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund is a charitable organization established in 2013. Its primary objective is to provide additional financial assistance to individuals who have lost their jobs with employers contributing to the trust fund, enhancing their state unemployment compensation benefits. This multi-employer benefit plan operates as a nonprofit entity, offering a safety net for participants during periods of unemployment.
Is Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund legitimate?
Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern California Ibew-Neca Supplemental Unemployment Benefit 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:
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What is the mission statement of Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund?
The Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund serves as a resource, providing additional financial aid to individuals who have lost employment and are receiving state unemployment compensation. Established in 2013, this multi-employer benefit plan aims to supplement the income of its participants during periods of unemployment. The trust fund does not have a stated mission statement as per the provided information, but its purpose is clear in its activity and description.
Who is the CEO of Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund?
Darric Sorko-Ram is the Management Trustee of Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund.
What is the revenue of Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund?
Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund's revenue in 2022 was $7,555,576.
Who are the executives of Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund and what are their salaries?
There are 348 employees at Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund?
Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern California Ibew-Neca Supplemental Unemployment Benefit Trust Fund
The Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund serves a unique role for its participants. Established in 2013, this multi-employer benefit plan offers supplemental payments to individuals whose employment with contributing employers has come to an end. The purpose of these payments is to augment the state unemployment compensation, providing additional financial support during periods of unemployment. This trust fund operates as a safety net for its participants, ensuring they have some financial stability during challenging times.
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Impact
October, 2024
The Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund plays a critical role in supporting workers who have experienced job loss in the electrical and construction industries. By providing additional financial assistance that supplements state unemployment compensation, the Trust Fund helps alleviate the immediate financial burdens faced by individuals during periods of unemployment. This supplemental income can be crucial for participants, allowing them to maintain essential living expenses such as housing, utilities, and healthcare while they search for new employment opportunities.
Established in 2013, the Trust Fund enhances the safety net for workers employed by contributing employers, fostering stability within the workforce and the broader economy. It not only assists individuals but also helps sustain community morale during economic downturns, ensuring that skilled labor remains supported and engaged in their industries.
Moreover, the Trust Fund encourages job retention and a healthier labor market by providing financial resources that can help unemployed participants transition back into the workforce more smoothly. Overall, its impact extends beyond immediate financial assistance, contributing to workforce resilience and supporting the long-term health of the industries it serves.
This information is meant to be a general summary of Southern California Ibew-Neca Supplemental Unemployment Benefit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,035,982
- Program Service Revenue: $6,515,440
- Gross Receipts: $70,030,053
Assets and Liabilities:
- Total Assets: $34,433,448
- Total Liabilities: $768,608
- Net Assets: $33,664,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$6,515,440
Organization Details
Founding Year
2013
Phone
(323) 221-5861Principal Officer
Darric Sorko-Ram
Main Address
100 Corson St STE 200, Pasadena, CA, 91103
NTEE Category
Code: Y43 - Mutual benefit
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