Overview
What is Hrsa-Ila Fringe Benefit Escrow Fund?
The Hrsa-Ila Fringe Benefit Escrow Fund is a nonprofit trust based in Norfolk, Virginia, dedicated to managing employer contributions for employee fringe benefit programs as outlined in collective bargaining agreements. This includes various funds such as the Container Royalty Fund No. 2, Welfare Fund, Vacation and Holiday Fund, and the David D. Alston Scholarship Fund. The fund acts as a trust as defined in Section 501(c)(9) of the Internal Revenue Code, primarily focusing on receiving and administering these contributions to ensure the provision of required fringe benefits for employees.
What are the reviews and ratings of this charity?
Hrsa-Ila Fringe Benefit Escrow Fund is currently not rated by Charity Navigator, as it does not fall under the evaluation criteria due to its classification. Charity Navigator evaluates IRS-registered 501(c)(3) organizations, while Hrsa-Ila is not. Consequently, there is a lack of financial and leadership data typically available for rated charities.
The absence of a rating does not imply any negative or positive assessment; it simply reflects the organization's ineligibility for evaluation by Charity Navigator's current methodologies. The organization functions independently, but without financial transparency data like revenue or expense reporting, public stakeholders may find it challenging to assess its accountability and operational efficiency.
As there are no user reviews available on GreatNonprofits, further insights into the organization's effectiveness, impact, or community reputation from the public's perspective are unavailable. The reliance on direct organizational communications would be necessary for potential stakeholders seeking detailed verification of its missions or outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Hrsa-Ila Fringe Benefit Escrow Fund legitimate?
Hrsa-Ila Fringe Benefit Escrow Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hrsa-Ila Fringe Benefit Escrow 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $24,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,278
For more financial information, click here
What is the mission statement of Hrsa-Ila Fringe Benefit Escrow Fund?
The Hrsa-Ila Fringe Benefit Escrow Fund is established to manage and administer employer contributions required by collective bargaining agreements. These contributions are intended to finance employee fringe benefit programs, which include the Container Royalty Fund No. 2, the Welfare Fund, the Vacation and Holiday Fund, and the David D. Alston Scholarship Fund. The Fund operates as a trust, as outlined in section 501(C)(9) of the Internal Revenue Code, and is responsible for overseeing the distribution and utilization of these benefits for the specified employee groups.
Who is the CEO of Hrsa-Ila Fringe Benefit Escrow Fund?
Steve Greene is the Trustee of Hrsa-Ila Fringe Benefit Escrow Fund.
What is the revenue of Hrsa-Ila Fringe Benefit Escrow Fund?
Hrsa-Ila Fringe Benefit Escrow Fund's revenue in 2022 was $29,283,818.
Who are the executives of Hrsa-Ila Fringe Benefit Escrow Fund and what are their salaries?
There 14 volunteers at Hrsa-Ila Fringe Benefit Escrow Fund.
Here are 15 key members and their salaries:
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- Compensation: $20,438
- Related: $135,932
- Other: $28,710
Where can I find the form 990 for Hrsa-Ila Fringe Benefit Escrow Fund?
Hrsa-Ila Fringe Benefit Escrow Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hrsa-Ila Fringe Benefit Escrow Fund
Hrsa-Ila Fringe Benefit Escrow Fund is a trust established with the purpose of receiving and administering employer contributions essential to fund employee fringe benefit programs as outlined in collective bargaining agreements. This trust, defined as a section 501(c)(9) entity under the Internal Revenue Code, plays a crucial role in managing contributions for various fringe benefit programs, such as the Container Royalty Fund No. 2, the Welfare Fund, the Vacation and Holiday Fund, and the David D. Alston Scholarship Fund. The Hrsa-Ila Fringe Benefit Escrow Fund acts as a trusted intermediary, ensuring the proper allocation and administration of these funds to meet the contractual obligations set forth in the collective bargaining agreements.
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Impact
October, 2024
The Hrsa-Ila Fringe Benefit Escrow Fund plays a crucial role in supporting employee welfare by administering employer contributions to various fringe benefit programs mandated by collective bargaining agreements. By ensuring the proper management of these contributions, the fund directly impacts the well-being of employees through several key initiatives.
The fund is designed to provide financial support for essential programs, including welfare benefits, vacation and holiday pay, and educational scholarships like the David D. Alston Scholarship Fund. These programs enhance the quality of life for employees and their families, fostering a more secure and stable workforce.
Furthermore, the fund’s structured approach as a trust under section 501(c)(9) of the Internal Revenue Code ensures that the contributions are used specifically for the intended benefits. This accountability and transparency help build trust between employees and employers, reinforcing the mutual benefit ethos embedded in collective bargaining agreements.
Overall, the Hrsa-Ila Fringe Benefit Escrow Fund significantly uplifts the lives of employees by ensuring they receive the benefits they are entitled to, supporting their health, education, and financial stability.
This information is meant to be a general summary of Hrsa-Ila Fringe Benefit Escrow 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: $46,430
- Program Service Revenue: $29,138,411
- Gross Receipts: $37,518,091
Assets and Liabilities:
- Total Assets: $25,204,494
- Total Liabilities: $3,986,413
- Net Assets: $21,218,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCESS CONTRIB. RECEIVED OVER ASS
Revenue
$17,868,106
EMERGENCY FUNDING FROM CONTAINER
Revenue
$8,996,498
CONTAINER CAP EXCESS GUARANTEE
Revenue
$2,273,807
Organization Details
Founding Year
1982
Phone
(757) 457-7090Principal Officer
Steve Greene
Main Address
1355 INTERNATIONAL TERMINAL BLVD, NORFOLK, VA, 235051458
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Hrsa-Ila Fringe Benefit Escrow Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.