Overview
What is Kansas Construction Industry Open End Savings Trust Fund?
The Kansas Construction Industry Open End Savings Trust Fund is a member-oriented savings plan, sponsored by unions. This nonprofit organization operates as a means for its members to save annually, with the principal and earnings distributed based on their deposits. It serves as a financial resource for union members within the construction industry, providing a unique savings opportunity within this specific sector.
Is Kansas Construction Industry Open End Savings Trust Fund legitimate?
Kansas Construction Industry Open End Savings Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kansas Construction Industry Open End Savings 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
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What is the mission statement of Kansas Construction Industry Open End Savings Trust Fund?
The Kansas Construction Industry Open End Savings Trust Fund serves as a member savings plan, primarily sponsored by unions. Its main activity involves distributing annual principal and earnings to members, proportionate to their deposits. The fund's mission, in essence, is to provide a savings plan for construction industry workers affiliated with unions, ensuring they receive their annual returns based on their contributions.
Who is the CEO of Kansas Construction Industry Open End Savings Trust Fund?
Gary Muckenthaler is the Plan Manager of Kansas Construction Industry Open End Savings Trust Fund.
What is the revenue of Kansas Construction Industry Open End Savings Trust Fund?
Kansas Construction Industry Open End Savings Trust Fund's revenue in 2022 was $712,075.
Who are the executives of Kansas Construction Industry Open End Savings Trust Fund and what are their salaries?
There 6 volunteers at Kansas Construction Industry Open End Savings Trust Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Kansas Construction Industry Open End Savings Trust Fund?
Kansas Construction Industry Open End Savings Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kansas Construction Industry Open End Savings Trust Fund
The Kansas Construction Industry Open End Savings Trust Fund serves as a member savings plan, spearheaded by unions. Its primary mission is to distribute annual principal and earnings to its members, contingent upon their deposits. Essentially, this organization acts as a financial savings program for its union-affiliated members, distributing returns based on their contributions.
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Impact
October, 2024
The Kansas Construction Industry Open End Savings Trust Fund has a significant impact on its members, primarily by providing a structured savings plan that helps individuals in the construction industry build financial security. Through this member savings plan, participants can make deposits that grow over time, with annual distributions of both principal and earnings. This financial support is particularly beneficial for workers who may face variable income or job insecurity.
By encouraging savings and financial planning, the trust fund empowers members to achieve their long-term financial goals, whether that includes purchasing a home, funding education, or preparing for retirement. Furthermore, as a union-sponsored initiative, it reinforces the collective strength of the construction workforce, fostering a sense of community and mutual benefit among participants. Overall, the Kansas Construction Industry Open End Savings Trust Fund plays a vital role in enhancing the financial well-being of its members in the construction sector.
This information is meant to be a general summary of Kansas Construction Industry Open End Savings 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: $6,235
- Program Service Revenue: $705,840
- Gross Receipts: $712,075
Assets and Liabilities:
- Total Assets: $1,034,584
- Total Liabilities: $226,845
- Net Assets: $807,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$705,840
Organization Details
Founding Year
1981
Phone
(785) 267-0140Principal Officer
Gary Muckenthaler
Main Address
4101 SOUTHGATE DRIVE, TOPEKA, KS, 66609
NTEE Category
Code: Y40 - Mutual benefit
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