Operating Engineers Industry Stabilization Trust Fund

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

EIN: 943018932 ✦ Alameda, CA ✦ Designated as a 501(c)(6)

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Overview

What is Operating Engineers Industry Stabilization Trust Fund?

The Operating Engineers Industry Stabilization Trust Fund is a nonprofit organization situated in Alemada, California, at 1141 Harbor Bay PKWY STE 100. Its primary mission is to strengthen the implementation of prevailing wage laws within the geographical area covered by the Master Agreement. To achieve this, it operates a foundation called Foundation for Fair Contracting. This foundation's role is to enhance the enforcement of prevailing wage laws within the specified area, aiming to promote fairness and equity in the industry.

Is Operating Engineers Industry Stabilization Trust Fund legitimate?

Operating Engineers Industry Stabilization Trust Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Operating Engineers Industry Stabilization 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.


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 Industry Stabilization Trust Fund?

The Operating Engineers Industry Stabilization Trust Fund's mission is focused on enhancing the implementation of prevailing wage laws. They achieve this objective through the Foundation for Fair Contracting, which operates within the geographical area defined by the Master Agreement. The primary goal is to ensure that all contracts adhere to the prevailing wage standards, thereby promoting fairness and equality in the related industry.

Who is the CEO of Operating Engineers Industry Stabilization Trust Fund?

Dan Reding is the Trustee (Co-Chairman) of Operating Engineers Industry Stabilization Trust Fund.

What is the revenue of Operating Engineers Industry Stabilization Trust Fund?

Operating Engineers Industry Stabilization Trust Fund's revenue in 2022 was $1,142,948.

Who are the executives of Operating Engineers Industry Stabilization Trust Fund and what are their salaries?


Here are 2 key members and their salaries:


Thomas Holsman (Trustee (Co-Chairman))
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Reding (Trustee (Co-Chairman))
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Operating Engineers Industry Stabilization Trust Fund?

Operating Engineers Industry Stabilization Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Operating Engineers Industry Stabilization Trust Fund

The Operating Engineers Industry Stabilization Trust Fund is committed to enhancing the enforcement of prevailing wage laws within the geographical area covered by the Master Agreement. To accomplish this mission, the Trust Fund operates the Foundation for Fair Contracting. This organization plays a crucial role in ensuring that contractors adhere to the prevailing wage standards, thereby promoting fairness and equality in the industry. By enforcing these laws, the Operating Engineers Industry Stabilization Trust Fund aims to protect the rights of workers and maintain fair competition within the industry.

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Impact




October, 2024

The Operating Engineers Industry Stabilization Trust Fund plays a pivotal role in enhancing the enforcement of prevailing wage laws within its designated geographical area, as outlined by the Master Agreement. By focusing on fair contracting practices, the Fund aims to ensure that workers receive equitable wages for their labor, which ultimately helps to uphold standards in the industry. This initiative not only benefits workers by providing them with fair compensation but also promotes a more competitive and stable working environment for contractors who adhere to these laws. By fostering compliance and fairness in contracting, the Fund contributes significantly to the overall integrity and sustainability of the construction industry.




This information is meant to be a general summary of Operating Engineers Industry Stabilization 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.

Revenue
$1,142,948 (2022)
Expenses
$1,142,948 (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: $1,140,992
  • Gross Receipts: $1,142,948

Assets and Liabilities:

  • Total Assets: $276,137
  • Total Liabilities: $276,137
  • Net Assets: $0

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,140,992

Organization Details

Founding Year

1986

Principal Officer

Dan Reding

Main Address

1141 HARBOR BAY PKWY STE 100, ALAMEDA, CA, 94502

NTEE Category

Code: J22 - Employment

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