Overview
What is Hospitality Industry Labor-Management Cooperation Trust Fund?
The Hospitality Industry Labor-Management Cooperation Trust Fund is a collaborative initiative established by UNITE HERE Local 11 and its affiliated employers in the hospitality sector. The primary objective of this nonprofit organization is to foster better communication between labor and management, and to innovate in labor-management relations within the hospitality industry. It serves as a platform for exploring novel strategies and approaches to address mutual concerns, ultimately aimed at enhancing overall industry operations and worker satisfaction.
Is Hospitality Industry Labor-Management Cooperation Trust Fund legitimate?
Hospitality Industry Labor-Management Cooperation Trust Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Hospitality Industry Labor-Management Cooperation 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.
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What is the mission statement of Hospitality Industry Labor-Management Cooperation Trust Fund?
The Hospitality Industry Labor-Management Cooperation Trust Fund, established through a collective bargaining agreement between signatory employers and UNITE HERE Local 11, aims to enhance communication between management and labor within the hospitality industry. Its mission is to explore innovative strategies for labor-management relations, ultimately fostering a more harmonious working environment in this sector. The trust fund does not explicitly state any specific goals related to improving working conditions, wages, or benefits; instead, it focuses on promoting collaborative approaches to address labor-related issues in the hospitality industry.
Who is the CEO of Hospitality Industry Labor-Management Cooperation Trust Fund?
Lance Phillips is the Management Trustee of Hospitality Industry Labor-Management Cooperation Trust Fund.
What is the revenue of Hospitality Industry Labor-Management Cooperation Trust Fund?
Hospitality Industry Labor-Management Cooperation Trust Fund's revenue in 2022 was $867,426.
Who are the executives of Hospitality Industry Labor-Management Cooperation Trust Fund and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Hospitality Industry Labor-Management Cooperation Trust Fund?
Hospitality Industry Labor-Management Cooperation Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hospitality Industry Labor-Management Cooperation Trust Fund
The Hospitality Industry Labor-Management Cooperation Trust Fund, established through a collective bargaining agreement between UNITE HERE Local 11 and relevant employers, is an organization with a unique mission. Its primary objective is to foster better communication and collaboration between labor and management within the hospitality industry. The trust fund aims to explore innovative approaches to labor-management relations, ultimately seeking to improve the overall functioning of the industry. By promoting cooperation and understanding between the two parties, the Hospitality Industry Labor-Management Cooperation Trust Fund strives to create a more harmonious work environment in the hospitality sector.
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Impact
October, 2024
The Hospitality Industry Labor-Management Cooperation Trust Fund has a significant impact on the hospitality sector by fostering improved communication and collaboration between management and labor. Established through a collective bargaining agreement between signatory employers and UNITE HERE Local 11, the fund seeks to enhance labor-management relations and explore innovative approaches to address challenges within the industry.
By facilitating dialogue and cooperation, the Trust Fund helps to create a more harmonious work environment, which can lead to increased employee satisfaction and retention. This positive atmosphere can enhance productivity, ultimately benefiting employers through improved service delivery and operational efficiency.
Additionally, the Trust Fund's initiatives aim to address the unique challenges faced by the hospitality industry, such as fluctuating demand and diverse workforce needs. By exploring new strategies for cooperation, it plays a crucial role in adapting to the evolving landscape of hospitality labor relations, ensuring that both workers' rights and employers' interests are effectively balanced.
In summary, the Trust Fund contributes to a more stable and productive hospitality industry, promoting equitable labor practices while supporting the competitiveness of businesses within the sector.
This information is meant to be a general summary of Hospitality Industry Labor-Management Cooperation 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.
- Program Service Revenue: $867,426
- Gross Receipts: $867,426
Assets and Liabilities:
- Total Assets: $772,103
- Total Liabilities: $9,584
- Net Assets: $762,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$867,426
Organization Details
Founding Year
2019
Phone
(562) 463-5000Principal Officer
Lance Phillips
Main Address
1200 WILSHIRE BLVD 5TH FL, LOS ANGELES, CA, 90017
NTEE Category
Code: J40 - Employment
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