Overview
What is Local 80 Iatse Building Corporation?
Local 80 Iatse Building Corporation is a title holding corporation situated at 2520 West Olive Avenue, Burbank, CA 91505. Its primary function, as per the Revenue and Taxation Code Section 23701H, is to accumulate all net profits. These profits, in accordance with the same section, are then allocated to Motion Picture Studio Grips Local 80. This nonprofit organization seems to be dedicated to supporting the financial well-being of motion picture studio grips through its title holding activities.
Is Local 80 Iatse Building Corporation legitimate?
Local 80 Iatse Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 80 Iatse Building Corporation 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 Local 80 Iatse Building Corporation?
Local 80 Iatse Building Corporation operates as a title holding corporation under Revenue and Taxation Code Section 23701H. Its primary mission is to generate profits, as per the Revenue and Taxation Code Section 23701H, and subsequently transfer all net earnings to Motion Picture Studio Grips Local 80. This transfer of profits serves to support the operations and needs of Motion Picture Studio Grips Local 80, an organization associated with the motion picture industry. The corporation does not have a publicly stated mission related to advocacy, research, or community outreach like some other organizations, but its primary function is to financially support Motion Picture Studio Grips Local 80.
Who is the CEO of Local 80 Iatse Building Corporation?
Dejon Ellis Ii is the Business Manager of Local 80 Iatse Building Corporation.
What is the revenue of Local 80 Iatse Building Corporation?
Local 80 Iatse Building Corporation's revenue in 2022 was $581,723.
Who are the executives of Local 80 Iatse Building Corporation and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for Local 80 Iatse Building Corporation?
Local 80 Iatse Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 80 Iatse Building Corporation
Local 80 Iatse Building Corporation, as a title holding corporation, operates under Revenue and Taxation Code Section 23701H. Its primary mission is to channel all its net profits, in accordance with Revenue and Taxation Code Section 23701H, to Motion Picture Studio Grips Local 80. This corporation serves as a conduit for financial support, directly contributing to the well-being of this labor union. The ultimate goal is to strengthen and empower Motion Picture Studio Grips Local 80 through this financial assistance.
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Impact
October, 2024
Local 80 Iatse Building Corporation plays a crucial role in supporting the motion picture industry by acting as a title-holding corporation that manages assets specifically designated to benefit the Motion Picture Studio Grips Local 80 in Burbank, California. By ensuring that all net profits are redirected to Local 80, the organization enhances the financial stability and resources available to the grips—a vital workforce in the film production process.
Its impact extends beyond simple financial transactions; it fosters a sense of community and solidarity among film workers. By channeling profits back into the very hands of those who contribute to the industry, Local 80 Iatse Building Corporation strengthens not only the livelihoods of its members but also the broader film-making ecosystem. This support aids in community improvement by ensuring that production professionals receive the benefits they deserve, which can lead to increased job satisfaction, improved working conditions, and a stronger union presence in the industry. Overall, Local 80 Iatse Building Corporation significantly influences both individual careers and the collective welfare of the motion picture community.
This information is meant to be a general summary of Local 80 Iatse Building Corporation. 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: $626
- Gross Receipts: $581,723
Assets and Liabilities:
- Total Assets: $6,454,004
- Total Liabilities: $2,484,307
- Net Assets: $3,969,697
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Organization Details
Founding Year
2005
Phone
(818) 526-0700Principal Officer
Dejon Ellis Ii
Main Address
2520 WEST OLIVE AVENUE, BURBANK, CA, 91505
NTEE Category
Code: S47 - Community improvement
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