Labor Alliance Managed Trust Fund

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

EIN: 943217575 ✦ Pleasanton, CA ✦ Designated as a 501(c)(9)

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Overview

What is Labor Alliance Managed Trust Fund?

The Labor Alliance Managed Trust Fund is a nonprofit organization located in Pleasanton, California, specifically at 1181 Quarry Lane Suite 400. Their primary mission is to offer medical, prescription, dental, life, accidental death and dismemberment, chiropractic, and vision care benefits to participants and their dependents within a multi-employer plan. By providing these essential health and wellness services, they contribute to the overall well-being and security of their members.

Is Labor Alliance Managed Trust Fund legitimate?

Labor Alliance Managed Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Labor Alliance Managed 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 Labor Alliance Managed Trust Fund?

The Labor Alliance Managed Trust Fund is dedicated to extending hospital and medical benefits to participants enrolled in a multi-employer plan. Its mission revolves around ensuring access to essential healthcare services for a vast group of individuals. The Trust Fund offers a comprehensive range of benefits, which includes medical coverage, prescription drugs, dental services, life insurance, accidental death and dismemberment protection, chiropractic care, and vision services. All these benefits are extended to the participants and their dependents under the multi-employer plan.

Who is the CEO of Labor Alliance Managed Trust Fund?

Larry Valenti is the Trustee of Labor Alliance Managed Trust Fund.

What is the revenue of Labor Alliance Managed Trust Fund?

Labor Alliance Managed Trust Fund's revenue in 2023 was $210,405,027.

Who are the executives of Labor Alliance Managed Trust Fund and what are their salaries?


Here are 9 key members and their salaries:


Carlos Barnett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Valenti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Martin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Francin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Sevilla (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Mineros (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyle Mcvicar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Jimenez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
See Schedule O For Compensation (Paid By Related Organizations)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Labor Alliance Managed Trust Fund?

Labor Alliance Managed Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Labor Alliance Managed Trust Fund

The Labor Alliance Managed Trust Fund, a key player in a multi-employer plan, is dedicated to delivering hospital and health benefits to its participants. In simple terms, this nonprofit organization aims to enhance the well-being of its members by providing essential medical, prescription, dental, life, accidental death and dismemberment, chiropractic, and vision care services.

By pooling resources and expertise from various employers, the Labor Alliance Managed Trust Fund succeeds in offering a comprehensive range of benefits that cater to the diverse healthcare needs of its participants and their dependents. The organization's mission is to ensure that its members have access to quality health care services, fostering peace of mind and overall well-being. The Trust Fund's initiatives go beyond just medical care, extending to include chiropractic and vision care services to further improve the quality of life for its members.

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Impact




October, 2024

Labor Alliance Managed Trust Fund significantly enhances the health and well-being of participants in a multiemployer plan by providing essential hospital and medical benefits. Its impact is felt through the comprehensive range of services offered, including medical, prescription drug (RX), dental, life benefits, accidental death and dismemberment coverage, chiropractic, and vision care. By catering to the needs of participants and their dependents, the fund ensures access to vital healthcare services, promoting a healthier workforce and strengthening the financial security of families. Located in Pleasanton, CA, the Trust Fund plays a crucial role in supporting the needs of its community and fostering mutual benefit among its members.




This information is meant to be a general summary of Labor Alliance Managed 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
$210,405,027 (2023)
Expenses
$199,239,984 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,146,830
  • Program Service Revenue: $209,258,197
  • Gross Receipts: $210,405,027

Assets and Liabilities:

  • Total Assets: $64,549,546
  • Total Liabilities: $18,456,000
  • Net Assets: $46,093,546

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$206,247,500

PARTICIPANT CONTRIBUTIONS

Revenue

$2,619,770

LIQUIDATED DAMAGES

Revenue

$390,927

Organization Details

Founding Year

1995

Principal Officer

Larry Valenti

Main Address

1181 Quarry Lane Suite 400, Pleasanton, CA, 945660075

NTEE Category

Code: Y40 - Mutual benefit

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