Overview
What is Alaska Laborers Building Corporation?
Alaska Laborers Building Corporation is a nonprofit organization, specifically a Title Holding Corporation, situated in Anchorage, Alaska. The corporation's primary function is to generate a net income that is then transferred to a labor organization, operating under the exemption provided by Section 501(C)(5) of the United States Internal Revenue Code. This transfer of income aims to support the labor sector, promoting the welfare of its workforce. The organization's headquarters can be found at 2501 Commercial Drive, Anchorage, AK 99501.
Is Alaska Laborers Building Corporation legitimate?
Alaska Laborers Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Alaska Laborers Building Corporation 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 Alaska Laborers Building Corporation?
Alaska Laborers Building Corporation operates as a title holding corporation, with its net income being transferred to a labor organization exempt under Section 501(C)(5). The primary mission of this corporation is to contribute financially to a labor organization, which is exempt under the aforementioned section of the Internal Revenue Code. This financial support provided by the corporation helps the labor organization in its operations and initiatives, ultimately benefiting the laborers it serves. The corporation's activities are rooted in its commitment to support the exempt labor organization, contributing to its financial stability and enabling it to carry out its mission.
Who is the CEO of Alaska Laborers Building Corporation?
Augustine Merrick Ii is the Sec./Treas. - Business Mgr of Alaska Laborers Building Corporation.
What is the revenue of Alaska Laborers Building Corporation?
Alaska Laborers Building Corporation's revenue in 2022 was -$65,700.
Who are the executives of Alaska Laborers Building Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $265,371
- Other: $144,786
- Compensation: $0
- Related: $180,088
- Other: $114,625
- Compensation: $0
- Related: $124,315
- Other: $104,996
- Compensation: $0
- Related: $103,423
- Other: $104,076
- Compensation: $0
- Related: $4,600
- Other: $0
- Compensation: $0
- Related: $4,600
- Other: $0
- Compensation: $0
- Related: $4,600
- Other: $0
Where can I find the form 990 for Alaska Laborers Building Corporation?
Alaska Laborers Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alaska Laborers Building Corporation
Alaska Laborers Building Corporation, as a title holding corporation, operates with a unique purpose. Exempt under Section 501(C)(5), this organization generates net income that is subsequently channeled towards supporting a labor organization. In essence, it serves as a financial conduit, contributing to the well-being and operations of a labor-related entity.
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Impact
October, 2024
Alaska Laborers Building Corporation plays a significant role in enhancing the welfare of the labor community in Anchorage, Alaska. As a title-holding entity, it focuses on generating net income that is subsequently turned over to labor organizations. This model supports the financial stability and growth of labor initiatives, ensuring that resources are allocated to programs that benefit workers and their families.
By facilitating investments and holding property, the corporation contributes to community improvement efforts. It helps strengthen the labor movement in Alaska, providing essential support for activities and services aimed at enhancing working conditions, training, and development opportunities for laborers. Through its operations, Alaska Laborers Building Corporation fosters a more robust labor organization, ultimately benefiting the community through increased advocacy, better workplace standards, and improved economic resilience.
This information is meant to be a general summary of Alaska Laborers Building Corporation. 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: $34,030
- Gross Receipts: $48,164
Assets and Liabilities:
- Total Assets: $1,148,449
- Total Liabilities: $0
- Net Assets: $1,148,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SNOW DUMP INCOME
Revenue
$34,030
Organization Details
Founding Year
1978
Phone
(907) 341-0341Principal Officer
Augustine Merrick Ii
Main Address
2501 COMMERCIAL DRIVE, ANCHORAGE, AK, 99501
NTEE Category
Code: S47 - Community improvement
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