Overview
What is Laaco Voluntary Employees Benefit Trust?
Laaco Voluntary Employees Benefit Trust is a nonprofit organization situated in Los Angeles, California. Their primary mission is to offer paid vacation leave to eligible employees working for LAACO, Ltd. and its entirely owned subsidiaries. By providing this benefit, the trust aims to contribute positively to the well-being and work-life balance of its employees. The trust is dedicated to this specific purpose, ensuring that eligible employees can take time off without financial burden.
Is Laaco Voluntary Employees Benefit Trust legitimate?
Laaco Voluntary Employees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laaco Voluntary Employees Benefit Trust 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 Laaco Voluntary Employees Benefit Trust?
The Laaco Voluntary Employees Benefit Trust's primary mission is to offer paid vacation leave to eligible employees working for LAACO, Ltd. and its entirely owned subsidiaries. This organization is dedicated to providing this benefit, aiming to enhance the work-life balance of its employees. By offering this leave, the trust seeks to boost employee morale and productivity, fostering a positive work environment. The trust's activities are centered around the provision of this specific benefit, ensuring eligible employees can take a well-deserved break from their work responsibilities.
Who is the CEO of Laaco Voluntary Employees Benefit Trust?
Jeffrey P Foster is the Trustee of Laaco Voluntary Employees Benefit Trust.
What is the revenue of Laaco Voluntary Employees Benefit Trust?
Laaco Voluntary Employees Benefit Trust's revenue in 2022 was $133,032.
Who are the executives of Laaco Voluntary Employees Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Laaco Voluntary Employees Benefit Trust?
Laaco Voluntary Employees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laaco Voluntary Employees Benefit Trust
Laaco Voluntary Employees Benefit Trust, as the name suggests, is a trust established with the primary mission of providing paid vacation leave to eligible employees of Laaco, Ltd. and its fully-owned subsidiaries. This organization serves to enhance the work-life balance of its beneficiaries, offering them the opportunity to take a break from their professional responsibilities without worrying about loss of income. The trust's mission is centered around the belief that time away from work can contribute positively to employees' well-being and overall productivity, thereby fostering a healthier work environment. This initiative by Laaco Voluntary Employees Benefit Trust underscores the company's commitment to the well-being of its employees, recognizing that their personal lives are just as important as their professional ones.
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Impact
October, 2024
Laaco Voluntary Employees Benefit Trust plays a significant role in enhancing employee well-being and job satisfaction by providing paid vacation leave to eligible employees of LAACO, Ltd. and its wholly owned subsidiaries. This initiative directly supports employees in achieving a healthy work-life balance, allowing them to recharge and rejuvenate away from their job responsibilities.
By offering paid vacation leave, the trust fosters a more engaged and productive workforce, as employees are more likely to return to work refreshed and motivated. Additionally, this benefit can improve retention rates, as employees value organizations that prioritize their well-being and offer supportive employment practices. The trust contributes to a positive organizational culture, promoting loyalty and commitment among the workforce.
Furthermore, the provision of paid vacation leave can have wider economic implications, as employees who take time off may spend time and money in local communities, thus supporting local businesses. Ultimately, Laaco Voluntary Employees Benefit Trust impacts both individual employees and the larger community by enhancing quality of life and promoting a healthier work environment.
This information is meant to be a general summary of Laaco Voluntary Employees Benefit Trust. 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.
- Gross Receipts: $133,032
Assets and Liabilities:
- Total Assets: $10,175
- Total Liabilities: $7,331
- Net Assets: $2,844
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Organization Details
Founding Year
1986
Phone
(213) 630-5213Principal Officer
Jeffrey P Foster
Main Address
431 W 7th St, Los Angeles, CA, 90014
NTEE Category
Code: Y40 - Mutual benefit
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