Overview
What is Laborers Union Local 172 Severance Fd?
Laborers Union Local 172 Severance Fund is a charitable initiative established to ensure financial stability for employees who have experienced job termination or separation from the union. Situated in Trenton, New Jersey, the Severance Fund's primary mission is to provide a safety net, offering financial assistance to union members who find themselves in such circumstances. The fund serves as a crucial source of support, helping to alleviate the financial stress that often accompanies employment changes within the union.
Is Laborers Union Local 172 Severance Fd legitimate?
Laborers Union Local 172 Severance Fd is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers Union Local 172 Severance Fd 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 Laborers Union Local 172 Severance Fd?
The mission of Laborers Union Local 172 Severance Fund is centered around providing financial security for union employees whose employment has been severed or terminated. This fund aims to offer a degree of financial stability during challenging times, fulfilling its purpose effectively. By doing so, the Severance Fund demonstrates its commitment to supporting its members through one of life's most significant transitions.
Who is the CEO of Laborers Union Local 172 Severance Fd?
Anthony Capac is the Principal Officer of Laborers Union Local 172 Severance Fd.
What is the revenue of Laborers Union Local 172 Severance Fd?
Laborers Union Local 172 Severance Fd's revenue in 2022 was $35,861.
Who are the executives of Laborers Union Local 172 Severance Fd and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $305,097
- Other: $157,312
- Compensation: $0
- Related: $236,032
- Other: $156,712
- Compensation: $0
- Related: $234,467
- Other: $157,124
- Compensation: $0
- Related: $234,135
- Other: $157,312
- Compensation: $0
- Related: $232,334
- Other: $156,712
Where can I find the form 990 for Laborers Union Local 172 Severance Fd?
Laborers Union Local 172 Severance Fd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers Union Local 172 Severance Fd
Laborers Union Local 172 Severance Fund is established with the mission to provide financial security for its union employees whose employment has been severed or terminated. This nonprofit organization aims to offer a level of financial stability during challenging times, ensuring that affected employees can navigate through their transition period with some financial support. The Severance Fund serves as a safety net, providing a sense of security and reassurance to those who have lost their employment with the union.
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Impact
October, 2024
Laborers Union Local 172 Severance Fund plays a crucial role in supporting union members facing job loss. By providing financial security to employees whose employment has been severed or terminated, the fund helps alleviate the immediate economic burdens that can arise during such difficult transitions. This financial support ensures that affected employees have a safety net, which can be vital for covering essential costs such as housing, utilities, and groceries.
In a broader context, the Severance Fund contributes to the overall stability and morale of the union community in Trenton, NJ. By demonstrating a commitment to its members, the fund reinforces the value of union solidarity and mutual support, fostering a sense of security among workers. This impact is particularly significant in times of economic uncertainty, where job losses can create widespread anxiety and financial strain.
Ultimately, Laborers Union Local 172 Severance Fund acts not only as a financial resource but also as a pillar of support for workers navigating the challenges of employment changes, reinforcing the importance of community and mutual aid within the labor movement.
This information is meant to be a general summary of Laborers Union Local 172 Severance Fd. 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: -$45,670
- Gross Receipts: $1,201,779
Assets and Liabilities:
- Total Assets: $1,324,861
- Total Liabilities: $0
- Net Assets: $1,324,861
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Organization Details
Founding Year
1991
Principal Officer
Anthony Capac
Main Address
604 BORDENTOWN ROAD, TRENTON, NJ, 08610
NTEE Category
Code: Y40 - Mutual benefit
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