Overview
What is Laborers Trust Fund?
The Laborers Trust Fund is a nonprofit organization, specifically a fund, situated in Salem, Virginia. Their primary mission is to offer temporary disability, health, and death benefits to eligible employees and their dependents. Established to serve this purpose, the organization currently employs a team of six individuals. The fund provides crucial support during challenging times, ensuring financial assistance for eligible workers and their families.
Is Laborers Trust Fund legitimate?
Laborers Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers 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 Laborers Trust Fund?
The Laborers Trust Fund is dedicated to providing health, temporary disability, and death benefits to eligible employees and their dependents. Their primary mission is to ensure the financial security of their beneficiaries during challenging times, offering essential support when needed. The organization strives to fulfill this mission by providing these critical benefits, thereby alleviating the financial burden during periods of illness, disability, or loss.
Who is the CEO of Laborers Trust Fund?
John R Weaver is the Chairman of Laborers Trust Fund.
What is the revenue of Laborers Trust Fund?
Laborers Trust Fund's revenue in 2022 was $4,202,123.
Who are the executives of Laborers Trust Fund and what are their salaries?
There are 6 employees at Laborers Trust Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Laborers Trust Fund?
Laborers Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers Trust Fund
The Laborers Trust Fund is dedicated to fulfilling a mission that involves providing essential health, temporary disability, and death benefits to eligible employees and their dependents. By serving as a safeguard for these individuals, the organization ensures that they are supported during challenging times. The Trust Fund's objective is to offer a comprehensive range of benefits, providing a sense of security and stability during periods of illness, injury, or loss. These benefits are designed to alleviate financial burdens and offer peace of mind, allowing the recipients to focus on recovery and healing.
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Impact
October, 2024
The Laborers Trust Fund significantly impacts the lives of eligible employees and their dependents by offering essential health, temporary disability, and death benefits. This support ensures that workers have access to necessary healthcare services, providing peace of mind during illness or injury. In the event of a temporary disability, the fund helps to alleviate financial burdens, allowing individuals to focus on recovery instead of worrying about lost income. Additionally, in the unfortunate case of a worker's death, the benefits extend crucial assistance to their dependents, ensuring they are cared for during a challenging time. Overall, the Laborers Trust Fund plays a vital role in promoting the well-being and security of workers and their families in Salem, VA, and beyond.
This information is meant to be a general summary of Laborers 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: $650,129
- Program Service Revenue: $3,551,994
- Gross Receipts: $15,206,155
Assets and Liabilities:
- Total Assets: $25,054,006
- Total Liabilities: $10,983
- Net Assets: $25,043,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,409,955
EMPLOYEE CONTRIBUTIONS
Revenue
$142,039
Organization Details
Founding Year
1955
Phone
(540) 345-7735Principal Officer
John R Weaver
Main Address
PO BOX 1769, SALEM, VA, 24153
NTEE Category
Code: Y40 - Mutual benefit
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