Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund

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

EIN: 876623935 ✦ Newark, NJ ✦ Designated as a 501(c)(5)

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Overview

What is Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund?

Heavy & General Laborers Local 472 & 172 of NJ Market Recovery Fund is a nonprofit organization located at 700 Raymond Blvd, Newark, NJ. Their primary objective is to foster cooperative and harmonious relationships between labor and management representatives within the industry, and serve as a platform for discussing matters of mutual interest. The fund aims to preserve, identify, and expand work opportunities for employees represented by the union and their employers in the industry, ultimately improving communications and relations within this sector.

Is Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund legitimate?

Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery 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

For more financial information, click here

What is the mission statement of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund?

The Heavy & General Laborers Local 472 & 172 Of NJ Market Recovery Fund's mission is focused on enhancing communication and fostering cooperative and harmonious relationships between labor and management representatives in the relevant industry. The primary objective is to serve as a platform for discussing matters of mutual interest. Furthermore, the fund aims to preserve, identify, and expand work opportunities for employees represented by the union and their employers in the industry. In essence, its purpose is to promote a collaborative environment that benefits both labor and management, ultimately leading to the betterment of the workforce.

Who is the CEO of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund?

Russell Bley is the Co-Chairman of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund.

What is the revenue of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund?

Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund's revenue in 2022 was $6,298,821.

Who are the executives of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund and what are their salaries?


Here are 11 key members and their salaries:


Manuel Amador Jr (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Kocsis Jr (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Giunta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey S Waters (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael E Hellstrom Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Criscola Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Recio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Ferreira (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Capaccio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Rible (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Bley (Administrator)
  • Compensation: $0
  • Related: $155,198
  • Other: $67,117
Where can I find the form 990 for Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund?

Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery Fund

The Heavy & General Laborers Local 472 & 172 Of NJ Market Recovery Fund is committed to fostering better communication and promoting cooperative and harmonious relationships between labor and management representatives within their industry. Their primary objective is to serve as a platform for discussing matters of mutual interest, aiming to preserve, identify, and expand work opportunities for employees represented by the union and their employers. This nonprofit organization strives to create a conducive environment where both parties can collaborate effectively, ultimately benefiting the employees and their employers in the industry.

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Impact




October, 2024

Heavy & General Laborers Local 472 & 172 of NJ Market Recovery Fund plays a significant role in enhancing labor relations within the construction industry. By fostering open communication and cooperation between labor representatives and management, the fund helps create an environment conducive to mutual respect and understanding. This approach not only improves workplace harmony but also allows for a collaborative discussion of industry concerns, which can lead to better decision-making and conflict resolution.

Moreover, the fund is instrumental in identifying and expanding work opportunities for union members, ensuring that employees have access to a broader range of employment prospects. This proactive stance on securing and preserving jobs directly contributes to economic stability for workers and their families. Overall, the Market Recovery Fund's focus on building strong, cooperative relationships and advocating for workers' rights significantly enhances the industry’s workforce landscape in New Jersey.




This information is meant to be a general summary of Heavy & General Laborers Local 472 & 172 Of Nj Market Recovery 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.

Revenue
$6,298,821 (2022)
Expenses
$47,971 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $6,298,821
  • Gross Receipts: $6,298,821

Assets and Liabilities:

  • Total Assets: $6,250,850
  • Total Liabilities: $0
  • Net Assets: $6,250,850

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Programs

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

EMPLOYERS' CONTRIBUTIO

Revenue

$6,298,821

Organization Details

Founding Year

2022

Principal Officer

Russell Bley

Main Address

700 RAYMOND BLVD, NEWARK, NJ, 071052909

NTEE Category

Code: J40 - Employment

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