Overview
What is Ibew Local 98 Labor Management Cooperative Committee Inc?
Ibew Local 98 Labor Management Cooperative Committee Inc is an area and industry-wide organization established under the Taft-Hartley Act, with a mission to foster improved labor-management relationships, job security, competitiveness, productivity, organizational effectiveness, and economic development. This nonprofit functions as a platform for establishing and promoting committees aimed at addressing these objectives, thereby contributing to the betterment of the labor and management sectors. Based in Philadelphia, Pennsylvania, the committee operates with the intention of enhancing cooperation and collaboration between labor and management entities.
Is Ibew Local 98 Labor Management Cooperative Committee Inc legitimate?
Ibew Local #98 Labor Management Cooperative Committee Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Ibew Local #98 Labor Management Cooperative Committee Inc 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: $22,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ibew Local 98 Labor Management Cooperative Committee Inc?
The organization, Ibew Local 98 Labor Management Cooperative Committee Inc, is structured as an area and industry-wide labor management cooperation committee, in alignment with Section 302(c)(9) of the Taft-Hartley Act and Section 6(b) of the Labor Management Cooperation Act of 1978. Its primary purpose is to encourage and support the establishment and operation of committees aimed at enhancing labor management relationships, ensuring job security, boosting competitiveness, increasing productivity, improving organizational effectiveness, and fostering economic development.
What is the revenue of Ibew Local 98 Labor Management Cooperative Committee Inc?
Ibew Local 98 Labor Management Cooperative Committee Inc's revenue in 2023 was $3,622,610.
Who are the executives of Ibew Local 98 Labor Management Cooperative Committee Inc and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $71,387
- Other: $43,166
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $235,673
- Other: $139,197
- Compensation: $0
- Related: $233,882
- Other: $150,658
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- Compensation: $0
- Related: $287,919
- Other: $175,413
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- Compensation: $0
- Related: $222,985
- Other: $136,561
- Compensation: $10,000
- Related: $77,095
- Other: $45,136
- Compensation: $12,000
- Related: $220,027
- Other: $129,226
Where can I find the form 990 for Ibew Local 98 Labor Management Cooperative Committee Inc?
Ibew Local 98 Labor Management Cooperative Committee Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ibew Local 98 Labor Management Cooperative Committee Inc
Ibew Local 98 Labor Management Cooperative Committee Inc is organized as an area and industry-wide Labor Management Cooperation Committee, following the provisions of Section 302(C)(9) of the Taft-Hartley Act and Section 6(B) of the Labor Management Cooperation Act of 1978. The primary mission of this organization is to encourage and support the establishment and operation of area and industry-wide committees aimed at enhancing labor management relationships, ensuring job security, boosting competitiveness, promoting productivity, improving organizational effectiveness, and fostering economic development. In essence, Ibew Local 98 Labor Management Cooperative Committee Inc seeks to foster a collaborative environment between labor and management, ultimately benefiting both parties and contributing to the overall success and growth of their respective industries.
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Impact
October, 2024
Ibew Local 98 Labor Management Cooperative Committee Inc plays a crucial role in enhancing labor-management relations across various sectors. By fostering cooperation between labor and management, it aims to improve job security and competitiveness while boosting productivity and organizational effectiveness. Through initiatives established under the Labor Management Cooperation Act of 1978, the committee actively promotes the development of regional and industry-wide committees focused on these goals.
The organization's efforts contribute to economic development within the Philadelphia area, creating a more stable and productive workforce. By encouraging open dialogue and collaboration, Ibew Local 98 helps to resolve conflicts that may arise between employees and employers, leading to a more harmonious working environment. This not only aids individual companies but also strengthens the overall economy through improved labor outcomes.
This information is meant to be a general summary of Ibew Local 98 Labor Management Cooperative Committee Inc. 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 2023.
- Investment Income: $476,509
- Program Service Revenue: $3,344,291
- Gross Receipts: $6,202,744
Assets and Liabilities:
- Total Assets: $19,861,294
- Total Liabilities: $0
- Net Assets: $19,861,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,344,291
Organization Details
Founding Year
2000
Principal Officer
James Foy
NTEE Category
Code: J40 - Employment
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