Overview
What is Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund?
The Electrical Industry Payroll and Fringe Benefits Guarantee Trust Fund is a specialized financial entity established to accumulate and manage funds. These funds are collected from payments made under a collective bargaining agreement between the Los Angeles County Electrical Contractors Association and affiliated employers. The primary objective of this trust fund is to utilize these collected funds to make necessary payments or provide benefits to employees in the electrical industry who are covered by this agreement. The fund serves as a safety net, ensuring financial support for workers under these specific employment conditions.
Is Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund legitimate?
Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Electrical Industry Payroll And Fringe Benefits Guarantee 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.
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What is the mission statement of Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund?
The Electrical Industry Payroll and Fringe Benefits Guarantee Trust Fund serves a specific purpose, designed to accumulate and invest funds contributed to it. This is done with the aim of making payments or acting as an intermediary for payments to employees who fall under a collective bargaining agreement between the Los Angeles County Electrical Contractors Association and their associated employers. The primary objective of this trust fund is to ensure financial security for these employees, providing them with necessary support under the terms of their agreement.
Who is the CEO of Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund?
Jim Willson is the Principal Officer of Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund.
What is the revenue of Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund?
Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund's revenue in 2022 was $95,061.
Who are the executives of Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund?
Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Electrical Industry Payroll And Fringe Benefits Guarantee Trust Fund
The Electrical Industry Payroll and Fringe Benefits Guarantee Trust Fund is a specialized entity established with a primary objective. Its purpose is to collect, safeguard, and invest funds contributed to it. These contributions are made under a collective bargaining agreement between the Los Angeles County Electrical Contractors Association and participating employer entities. The fund's main function is to utilize these collected funds to make payments or provide assistance on behalf of employees who are part of this agreement. By doing so, the Trust Fund aims to offer financial security and support to workers in the electrical industry, ensuring their benefits are guaranteed, regardless of any unforeseen circumstances.
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Impact
October, 2024
The Electrical Industry Payroll and Fringe Benefits Guarantee Trust Fund plays a crucial role in ensuring financial security and stability for employees working under collective bargaining agreements in the electrical industry. By collecting, preserving, and investing funds contributed by employers, the Trust Fund provides a reliable stream of benefits for workers, which can include health care, retirement, and other essential fringe benefits.
This mechanism not only safeguards employee payments but also enhances workforce morale and loyalty by ensuring that workers receive the benefits they deserve. In turn, this stability contributes to a more robust and committed labor force, fostering better productivity and overall job satisfaction within the industry.
Additionally, the Trust Fund's activities help maintain equitable labor standards by enforcing the provisions outlined in collective bargaining agreements between the Los Angeles County Electrical Contractors Association and participating employers. This ensures compliance and accountability, ultimately benefiting both employees and employers by reducing disputes and promoting a harmonious working relationship.
This information is meant to be a general summary of Electrical Industry Payroll And Fringe Benefits Guarantee 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: $49,332
- Gross Receipts: $324,322
Assets and Liabilities:
- Total Assets: $630,645
- Total Liabilities: $320,274
- Net Assets: $310,371
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Organization Details
Founding Year
1953
Phone
(626) 792-6322Principal Officer
Jim Willson
Main Address
100 CORSON ST STE 410, PASADENA, CA, 91103
NTEE Category
Code: Z99 - Unknown
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