Overview
What is Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund?
The Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund is a nonprofit organization situated in San Jose, California. Its primary mission is to maintain a reserve to ensure the fringe benefits, such as health insurance or retirement plans, for the employees of electrical contracting companies that are its members. This fund serves as a safety net, ensuring that these benefits are protected and guaranteed for the workers. The Trust Fund's activities are centered around this guarantee, ensuring that the employees of its affiliated companies maintain access to these vital benefits.
Is Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund legitimate?
Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Neca-Ibew Payroll Fringe Benefits Guarantee 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.
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 Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund?
The Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund is committed to ensuring the provision of fringe benefits for the employees of electrical contracting company members. This is achieved by setting aside reserves to guarantee these benefits, thereby safeguarding the financial security of the employees. The trust fund's mission is centered around supporting the employees of these companies, ensuring they receive their rightful benefits, thereby enhancing their overall well-being. The fund operates as a safety net, providing a measure of financial stability in the event of any unforeseen circumstances or changes in the employment status of these employees.
Who is the CEO of Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund?
Douglas Lung is the Trustee of Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund.
What is the revenue of Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund?
Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund's revenue in 2022 was $15,715.
Who are the executives of Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund?
Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund
The Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund is committed to ensuring the fringe benefits of employees working for electrical contracting company members. In essence, this nonprofit organization holds reserves to safeguard these benefits, serving as a protective measure for the employees in question. By offering this guarantee, the Trust Fund aims to provide financial security and stability for the workers, ensuring they maintain their fringe benefits despite any changes or challenges in their respective electrical contracting companies.
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Impact
October, 2024
The Neca-Ibew Payroll Fringe Benefits Guarantee Trust Fund plays a critical role in ensuring the stability and security of fringe benefits for employees of electrical contracting company members. By holding reserves specifically designated for this purpose, the fund acts as a financial safety net, guaranteeing that employees receive their entitled benefits, even in challenging circumstances.
This proactive approach enhances employee well-being and loyalty, fostering a stronger workforce within the electrical contracting sector. By safeguarding these benefits, the trust fund not only supports individual employees but also contributes to the overall stability and reputation of the industry, ensuring that companies can attract and retain skilled labor. Ultimately, the fund is essential in promoting mutual benefit for both employees and employers in the electrical contracting community in San Jose, CA, and beyond.
This information is meant to be a general summary of Neca-Ibew Payroll Fringe Benefits Guarantee 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: $15,115
- Program Service Revenue: $600
- Gross Receipts: $15,715
Assets and Liabilities:
- Total Assets: $581,727
- Total Liabilities: $0
- Net Assets: $581,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$600
Organization Details
Founding Year
1984
Phone
(408) 288-6100Principal Officer
Douglas Lung
Main Address
1493 PARK AVE, SAN JOSE, CA, 95126
NTEE Category
Code: Y40 - Mutual benefit
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