Overview
What is Cannon Builders Prevailing Wage Trust?
Cannon Builders Prevailing Wage Trust is a nonprofit organization based in Ucon, Idaho. Its primary purpose is to accumulate funds during employees' working years, which will later be utilized to provide supplemental unemployment benefits as per the Prevailing Wages Plan, as mandated by the Davis Bacon Act and its regulations. This voluntary employee beneficiary association operates with a commitment to offering financial assistance to employees during periods of unemployment. The trust has a total of 53 employees.
Is Cannon Builders Prevailing Wage Trust legitimate?
Cannon Builders Prevailing Wage Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cannon Builders Prevailing Wage 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: $0
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What is the mission statement of Cannon Builders Prevailing Wage Trust?
The Cannon Builders Prevailing Wage Trust is an organization with a mission to accumulate funds during an employee's working years. This is done with the intention of providing supplemental unemployment benefits as required by the Davis Bacon Act and its regulations. The primary goal of the trust is to collect sufficient funds and subsequently distribute these benefits to employees in accordance with the terms of the prevailing wages plan. This organization serves as a safety net for employees in the construction industry, offering additional financial support during periods of unemployment.
Who is the CEO of Cannon Builders Prevailing Wage Trust?
Nicholas Orgill is the Trustee of Cannon Builders Prevailing Wage Trust.
What is the revenue of Cannon Builders Prevailing Wage Trust?
Cannon Builders Prevailing Wage Trust's revenue in 2022 was $341,725.
Who are the executives of Cannon Builders Prevailing Wage Trust and what are their salaries?
There are 53 employees at Cannon Builders Prevailing Wage Trust.
There is 1 key member and their salary:
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for Cannon Builders Prevailing Wage Trust?
Cannon Builders Prevailing Wage Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cannon Builders Prevailing Wage Trust
The Cannon Builders Prevailing Wage Trust, as a voluntary employee beneficiary association, is dedicated to a specific mission. Its primary objective is to accumulate funds during the employees' working years, aiming to provide supplemental unemployment benefits in accordance with the Davis Bacon Act and its regulations. This is carried out under a prevailing wages plan, which the trust is responsible for implementing and adhering to. Essentially, the trust's mission is to ensure that employees have additional financial support during periods of unemployment, ensuring that they receive the necessary benefits under the prevailing wages plan.
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Impact
October, 2024
Cannon Builders Prevailing Wage Trust has a significant impact on the financial stability and well-being of construction workers in UCON, ID. By providing supplemental unemployment benefits, the trust helps workers navigate periods of unemployment, ensuring they have financial support during transitions between jobs. This resource is particularly crucial in the construction industry, where work can be intermittent and influenced by seasonal demands.
The trust accumulates funds during employees' working years, which are then used to disburse benefits in accordance with the prevailing wages plan mandated by the Davis Bacon Act. This not only assists workers during unemployment but also promotes a sense of security and trust in their employment relationships. Furthermore, by adhering to legal requirements and maintaining a structured support system, the Cannon Builders Prevailing Wage Trust contributes to a healthier workforce and enhances the overall stability of the local construction industry.
This information is meant to be a general summary of Cannon Builders Prevailing Wage 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,403
- Gross Receipts: $387,310
Assets and Liabilities:
- Total Assets: $338,594
- Total Liabilities: $27,774
- Net Assets: $310,820
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Organization Details
Founding Year
2018
Phone
(208) 569-7409Principal Officer
Nicholas Orgill
Main Address
PO Box 548, Ucon, ID, 83454
NTEE Category
Code: Y43 - Mutual benefit
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