Operating Engineers Local 137 Labor Management Cooperative Trust

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

EIN: 826654758 ✦ Briarcliff manor, NY ✦ Designated as a 501(c)(5)

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Overview

What is Operating Engineers Local 137 Labor Management Cooperative Trust?

Operating Engineers Local 137 Labor Management Cooperative Trust is a nonprofit organization situated in Briarcliff Manor, New York. Its primary objective is to enhance communication between labor and management representatives in the industry, preserve and expand work opportunities, promote operational efficiency and economic competitiveness, establish and maintain quality training programs, monitor and enforce compliance with laws, and award grants to eligible employers collectively bargained with the union. Their mission encompasses preserving and expanding work opportunities, promoting training programs, and ensuring compliance with regulations, ultimately aiming to foster a harmonious relationship between labor and management.

Is Operating Engineers Local 137 Labor Management Cooperative Trust legitimate?

Operating Engineers Local 137 Labor Management Cooperative Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Operating Engineers Local 137 Labor Management Cooperative 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

For more financial information, click here

What is the mission statement of Operating Engineers Local 137 Labor Management Cooperative Trust?

The Operating Engineers Local 137 Labor Management Cooperative Trust aims to enhance communication between labor and management representatives in the industry. Its mission includes preserving and expanding work opportunities, promoting operational efficiency and economic competitiveness, establishing and maintaining quality training programs, and ensuring compliance with federal, state, and local laws. The trust also awards grants to eligible employers who have collectively bargained with the union. By achieving these objectives, the trust aims to contribute positively to the industry.

Who is the CEO of Operating Engineers Local 137 Labor Management Cooperative Trust?

Jeffrey Loughlin is the Union Trustee of Operating Engineers Local 137 Labor Management Cooperative Trust.

What is the revenue of Operating Engineers Local 137 Labor Management Cooperative Trust?

Operating Engineers Local 137 Labor Management Cooperative Trust's revenue in 2022 was $640,746.

Who are the executives of Operating Engineers Local 137 Labor Management Cooperative Trust and what are their salaries?


Here are 7 key members and their salaries:


Jeffrey Loughlin (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Sasso (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Miller (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lombardi (Emp Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Fante (Emp Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cooney (Emp Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Kostik (Fund Manager)
  • Compensation: $0
  • Related: $165,017
  • Other: $62,561
Where can I find the form 990 for Operating Engineers Local 137 Labor Management Cooperative Trust?

Operating Engineers Local 137 Labor Management Cooperative Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Operating Engineers Local 137 Labor Management Cooperative Trust

Operating Engineers Local 137 Labor Management Cooperative Trust is an organization dedicated to fostering better communication between labor and management representatives in the industry. Its primary mission is threefold: first, it aims to preserve and expand work opportunities, promoting efficiency and economic competitiveness in operations. Second, the trust focuses on establishing and maintaining high-quality training programs, ensuring that workers are equipped with the necessary skills. Third, it establishes and enforces mechanisms for compliance with federal, state, and local laws, rules, regulations, and standards. Furthermore, the trust awards grants to eligible employers who have collectively bargained with the union. This multi-faceted approach enables Operating Engineers Local 137 Labor Management Cooperative Trust to play a significant role in improving the industry's operations and workforce development.

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Impact




October, 2024

Operating Engineers Local 137 Labor Management Cooperative Trust plays a significant role in enhancing the relationship between labor and management within the construction industry. By facilitating better communication, the Trust helps bridge gaps and fosters collaboration, which is essential for addressing industry challenges and improving workplace dynamics.

The Trust is instrumental in preserving, identifying, and expanding work opportunities, thereby contributing to job security and growth within the sector. Through its efforts to promote efficiency and economic competitiveness, it ensures that businesses can operate effectively while remaining responsive to the needs of the workforce.

Additionally, the Trust is dedicated to the establishment and maintenance of quality training programs, which are crucial for developing a skilled workforce. By investing in training, it helps workers adapt to industry changes and new technologies, thus enhancing their employability and performance.

To ensure compliance with various laws, rules, and regulations, the Trust establishes mechanisms for monitoring adherence. This not only protects workers' rights but also promotes a level playing field for employers, fostering a culture of accountability and ethical practices.

Furthermore, by awarding grants to eligible employers engaged in collective bargaining with the union, the Trust supports initiatives that align with its mission and goals. This financial assistance can enable companies to invest in improvements that benefit both their operations and their workers.

Overall, the Operating Engineers Local 137 Labor Management Cooperative Trust significantly influences the construction industry's landscape by promoting collaboration, efficiency, and long-term viability for both labor and management.




This information is meant to be a general summary of Operating Engineers Local 137 Labor Management Cooperative 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
$640,746 (2022)
Expenses
$862,510 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,801
  • Program Service Revenue: $632,945
  • Gross Receipts: $640,746

Assets and Liabilities:

  • Total Assets: $1,467,318
  • Total Liabilities: $82,418
  • Net Assets: $1,384,900

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Programs

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

EMPLOYERS' CONTRIB

Revenue

$632,945

Organization Details

Founding Year

2017

Principal Officer

Jeffrey Loughlin

Main Address

1360 PLEASANTVILLE ROAD, BRIARCLIFF MANOR, NY, 10510

NTEE Category

Code: J40 - Employment

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