Overview
What is Laborers Building Industry Stabilization?
Laborers Building Industry Stabilization is a cooperative committee established under the Taft Hartley Act, located in Walnut Creek, California. The primary objective of this nonprofit organization is to foster labor relations and implement provisions from the Laborers Master Agreement in Northern California. Since August 2006, it has also been responsible for collecting funds to enhance builder competitiveness and preserve employment opportunities for individuals and companies covered by the agreement. This committee operates as a labor management cooperation committee, aiming to promote stability within the building industry in 46 Northern California counties.
Is Laborers Building Industry Stabilization legitimate?
Laborers Building Industry Stabilization is a legitimate nonprofit organization registered as a 501(c)(6) entity. Laborers Building Industry Stabilization 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Laborers Building Industry Stabilization?
The Laborers Building Industry Stabilization is established as a labor management cooperation committee, with an exempt purpose focused on labor relations and implementing provisions from Section 9B of the Laborers Master Agreement of Northern California. Since August 2006, its purpose has been expanded to include funds collected for the Laborers Work Preservation Committee. These funds are utilized to enhance builder competitiveness and preserve work opportunities for employees and individual employers covered by the agreement. The committee aims to maintain stability in the building industry by collaborating to improve the industry's overall performance and job security for its workforce.
Who is the CEO of Laborers Building Industry Stabilization?
Larry Nibbi is the Trustee of Laborers Building Industry Stabilization.
What is the revenue of Laborers Building Industry Stabilization?
Laborers Building Industry Stabilization's revenue in 2022 was $483,046.
Who are the executives of Laborers Building Industry Stabilization and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Laborers Building Industry Stabilization?
Laborers Building Industry Stabilization's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers Building Industry Stabilization
The Laborers Building Industry Stabilization, established as a labor management cooperation committee, is dedicated to fostering harmonious labor relations and implementing the provisions of Section 9B of the Laborers Master Agreement of Northern California, as per the Taft-Hartley Act. Its exempt purpose primarily revolves around labor relations. Since August 2006, the trust fund has expanded its scope to include funds collected for the Laborers Work Preservation Committee. These funds are then utilized to boost builder competitiveness and preserve work opportunities for employees and individual employers covered by the agreement. This commitment aims to maintain a stable workforce in the industry.
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Impact
October, 2024
The Laborers Building Industry Stabilization Trust Fund plays a vital role in enhancing labor relations and fostering cooperation within the construction industry, particularly across 46 counties in Northern California. Established under the provisions of the Taft-Hartley Act, this initiative is designed to improve competitiveness among builders while safeguarding employment opportunities for both workers and employers who are part of the Laborers Master Agreement.
By collecting contributions based on hours worked from participating employers, the fund channels resources towards initiatives that not only protect existing jobs but also promote growth in the construction sector. This approach helps to create a more stable and equitable labor environment, which is beneficial for everyone involved in the industry.
Since its inception and subsequent modifications in 2006, the Trust Fund has adapted to the evolving needs of the industry, ensuring that funds are allocated efficiently to preserve job opportunities while enhancing the competitive edge of builders. This proactive strategy contributes significantly to community improvement by sustaining employment levels and encouraging collaboration between labor and management in Northern California's construction landscape.
This information is meant to be a general summary of Laborers Building Industry Stabilization. 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: $13,297
- Program Service Revenue: $469,749
- Gross Receipts: $483,046
Assets and Liabilities:
- Total Assets: $3,742,807
- Total Liabilities: $0
- Net Assets: $3,742,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$469,749
Organization Details
Founding Year
1989
Phone
(925) 930-0353Principal Officer
Larry Nibbi
Main Address
2175 N CALIFORNIA BLVD 420, WALNUT CREEK, CA, 94596
NTEE Category
Code: S40 - Community improvement
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