Overview
What is Tuscaloosa Plumbers & Steamfitters?
Tuscaloosa Plumbers & Steamfitters, specifically Local 372, is a nonprofit organization that prioritizes the well-being of its members. They offer a unique service by setting aside a portion of their members' wages, which are then invested by a trustee. This accumulated sum, along with earned interest, is distributed annually to provide vacation benefits to the members. The Tuscaloosa Plumbers and Steamfitters Local 372 Vacation Fund serves as a valuable perk for its members, enhancing their work-life balance.
Is Tuscaloosa Plumbers & Steamfitters legitimate?
Tuscaloosa Plumbers & Steamfitters is a legitimate nonprofit organization registered as a 501(c)(9) entity. Tuscaloosa Plumbers & Steamfitters 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 Tuscaloosa Plumbers & Steamfitters?
The Tuscaloosa Plumbers and Steamfitters Local 372 Vacation Fund serves to offer vacation benefits to its members. Funds are deducted from the workers' wages and deposited in a trust for investment, which then generates interest. Annually, these funds and interest are distributed among the members. This benefit scheme aims to provide a well-deserved break for the hardworking individuals in the plumbing and steamfitting industry affiliated with Local 372.
Who is the CEO of Tuscaloosa Plumbers & Steamfitters?
Alabama One Credit Union is the Trustee of Tuscaloosa Plumbers & Steamfitters.
What is the revenue of Tuscaloosa Plumbers & Steamfitters?
Tuscaloosa Plumbers & Steamfitters's revenue in 2023 was $339,436.
Who are the executives of Tuscaloosa Plumbers & Steamfitters and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tuscaloosa Plumbers & Steamfitters?
Tuscaloosa Plumbers & Steamfitters's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tuscaloosa Plumbers & Steamfitters
Tuscaloosa Plumbers & Steamfitters, through its Local 372 Vacation Fund, aims to offer vacation benefits to its members. This is achieved by setting aside a portion of their wages, which are then invested by a designated trustee. The accumulated funds, along with earned interest, are distributed annually to the members of Tuscaloosa Plumbers & Steamfitters Local 372, providing them with a well-deserved vacation break. This initiative serves as a testament to the organization's commitment to the well-being and work-life balance of its members.
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Impact
October, 2024
Tuscaloosa Plumbers & Steamfitters significantly enhances the quality of life for its members through its vacation benefits program. By providing financial support for vacation time, the organization ensures that members can take a well-deserved break, promoting work-life balance and overall well-being. The program operates by withholding a portion of members' wages, which is then invested with the aim of generating additional income. This investment strategy allows the fund to grow over time, ensuring that members receive a substantial payout each year.
By fostering a culture of mutual benefit, Tuscaloosa Plumbers & Steamfitters not only supports individual members but also contributes to a stronger, more cohesive community within the plumbing and steamfitting industry in the Duncanville area of Alabama. The availability of these vacation benefits encourages workers to invest in their own health and happiness, ultimately leading to enhanced productivity and job satisfaction.
This information is meant to be a general summary of Tuscaloosa Plumbers & Steamfitters. 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 2023.
- Investment Income: $1,398
- Gross Receipts: $339,436
Assets and Liabilities:
- Total Assets: $297,649
- Total Liabilities: $297,649
- Net Assets: $0
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Organization Details
Founding Year
1978
Principal Officer
Alabama One Credit Union
Main Address
9410 Highway 82E, Duncanville, AL, 35456
NTEE Category
Code: Y40 - Mutual benefit
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