Overview
What is Laborers-Employers Benefit Plan Collection Trust?
The Laborers-Employers Benefit Plan Collection Trust is a nonprofit organization headquartered in Washington, D.C., specifically at 905 16th Street NW. Their primary mission is to streamline the collection and distribution of fringe benefits for various employers. With a small workforce of nine individuals, they have processed a significant volume of hours, totaling over 112 million from 2018 to 2022. The organization handles the central collection and redistribution of contributions, ensuring the efficient flow of fridge benefits.
Is Laborers-Employers Benefit Plan Collection Trust legitimate?
Laborers-Employers Benefit Plan Collection Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Laborers-Employers Benefit Plan Collection Trust 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $680,097
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Mission Statement of Laborers-Employers Benefit Plan Collection Trust
The Laborers-Employers Benefit Plan Collection Trust (LEBPCT) is a vital organization dedicated to streamlining the collection and distribution of fringe benefits for its contributing parties. Its primary mission revolves around centralizing the collection and dispersal of these benefits, ensuring a seamless process for all involved.
LEBPCT processes impressive hours each year, with an approximate total of over 31.5 million hours having been handled in 2018, 25.6 million hours in 2019, 19.2 million hours in 2020, 19.6 million hours in 2021, and 16.6 million hours up to the current year, 2022. The organization's continuous success in managing these hours demonstrates its efficiency and commitment to facilitating the collection and distribution of fringe benefits. By taking on this essential role, LEBPCT enables organizations and their employees to focus on their respective core activities while trusting the Trust to handle the complexities of benefits processing.
Impact
This information is meant to be a general summary of Laborers-Employers Benefit Plan Collection Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Laborers-Employers Benefit Plan Collection Trust has a significant impact on the efficient collection and disbursement of contributions and benefits within the laborers and employers sector. The Trust's constant high volume of processed hours, totaling millions annually, showcases its crucial role in managing and distributing fringe benefits effectively. This work directly impacts individuals by ensuring timely and accurate benefits delivery, thereby supporting the stability and well-being of workers and their families.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$314,913,626
PROCESSING FEES
Revenue
$1,330,510
Organization Details
Founding Year
1994
Phone
(202) 393-7344
Principal Officer
Terrence M Healy
Main Address
905 16TH STREET NW, WASHINGTON, DC, 20006
NTEE Category
Code: J40 - Employment
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