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Operating Engineers Labor Mgmt Co Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 550777238 ✦ Charleston, WV ✦ Designated as a 501(c)(5)

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Overview

What is Operating Engineers Labor Mgmt Co Trust?

The Operating Engineers Labor Mgmt Co Trust is a collaborative initiative established by the International Union of Operating Engineers Local #132 and contractors/employers within the West Virginia Heavy/Highway Construction industry. The primary objective of this joint effort is to enhance economic competitiveness and foster better management-labor relations. The Trust achieves its mission by offering subsidies to participating contractors on specified projects, promoting communication among all parties through meetings and conferences, and providing resources on safety, training, and compliance with current regulations.

Is Operating Engineers Labor Mgmt Co Trust legitimate?

Operating Engineers Labor Mgmt Co Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Operating Engineers Labor Mgmt Co 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,000

For more financial information, click here

What is the mission statement of Operating Engineers Labor Mgmt Co Trust?

The Operating Engineers Labor Mgmt Co Trust, in collaboration with the International Union of Operating Engineers Local #132 and the Contractors/Employers of the West Virginia Heavy/Highway Construction industry, aims to enhance economic competitiveness and foster better management-labor relations. The trust achieves its mission through various means, including offering subsidies to participating contractors on designated projects, promoting communication among contractors and employees through meetings and conferences, and providing information on safety, training, and compliance with current regulations.

Who is the CEO of Operating Engineers Labor Mgmt Co Trust?

Charles Parker is the Co-Chairman of Operating Engineers Labor Mgmt Co Trust.

What is the revenue of Operating Engineers Labor Mgmt Co Trust?

Operating Engineers Labor Mgmt Co Trust's revenue in 2022 was $451,616.

Who are the executives of Operating Engineers Labor Mgmt Co Trust and what are their salaries?

The average compensation at Operating Engineers Labor Mgmt Co Trust during 2022 was $3,000. There is 1 employee at Operating Engineers Labor Mgmt Co Trust.


Here are 4 key members and their salaries:


Ken Lake (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Parker (Co-Chairman)
  • Compensation: $0
  • Related: $157,418
  • Other: $60,536
John Dean (Trustee)
  • Compensation: $0
  • Related: $127,628
  • Other: $60,536
Robert M Cane Ii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Operating Engineers Labor Mgmt Co Trust?

Operating Engineers Labor Mgmt Co Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Operating Engineers Labor Mgmt Co Trust

The Operating Engineers Labor Mgmt Co Trust, a collaborative initiative between the International Union of Operating Engineers Local #132 and the Contractors/Employers of the West Virginia Heavy/Highway Construction Industry, is committed to enhancing economic competitiveness and fostering amicable labor relations. To achieve this mission, the Trust engages in various activities. It offers subsidies to participating contractors on specific projects, thereby promoting financial stability and competitiveness. Moreover, the Trust serves as a platform for enhancing communication among the parties representing both contractors and employees. This is achieved through regular meetings and conferences, fostering an environment of understanding and cooperation. Lastly, the Trust provides essential information on safety, training, and compliance with current regulations, ensuring that both contractors and employees adhere to best practices and legal requirements.

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Impact




October, 2024

Operating Engineers Labor Mgmt Co Trust plays a significant role in enhancing the economic competitiveness of the West Virginia heavy and highway construction industry. By fostering collaboration between the International Union of Operating Engineers Local #132 and local contractors, the Trust improves management-labor relations, ensuring a more cohesive work environment.

The Trust's initiatives, such as providing subsidies to contractors for specific projects and enhancing communication through meetings and conferences, promote a proactive approach to workforce management. This not only streamlines operations but also leads to better project outcomes.

Additionally, the Trust places a strong emphasis on safety and compliance, offering valuable training and information to both contractors and employees. This focus ensures that industry standards are met and that workers are equipped with the necessary skills and knowledge to navigate the complexities of their work environments.

Overall, the Operating Engineers Labor Mgmt Co Trust significantly contributes to a more effective and competitive construction sector in West Virginia by bridging gaps between diverse stakeholders and prioritizing safety and efficiency.




This information is meant to be a general summary of Operating Engineers Labor Mgmt Co Trust. 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.

Revenue
$451,616 (2022)
Expenses
$342,229 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,767
  • Program Service Revenue: $409,885
  • Gross Receipts: $649,498

Assets and Liabilities:

  • Total Assets: $2,631,600
  • Total Liabilities: $680
  • Net Assets: $2,630,920

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Assessments

Revenue

$409,885

Organization Details

Founding Year

2001

Principal Officer

Charles Parker

Main Address

PO Box 6770, Charleston, WV, 253220487

NTEE Category

Code: J40 - Employment

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