Overview
What is Operating Engineers Vacation-Holiday Savings Trust?
The Operating Engineers Vacation-Holiday Savings Trust is a nonprofit organization located in Pasadena, California. It functions as both a fraternal beneficiary society and a voluntary employees association. The primary role of this trust is to collect vacation withholdings from members and distribute vacation and holiday benefits accordingly. By acting as a fraternal beneficiary society, the trust fosters a sense of community and solidarity among its members. As a voluntary employees association, it provides an additional avenue for workers to save for time off and enjoy well-deserved breaks.
Official website here: www.oefi.org
Is Operating Engineers Vacation-Holiday Savings Trust legitimate?
Operating Engineers Vacation-Holiday Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Operating Engineers Vacation-Holiday Savings 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
For more financial information, click here
Official website here: www.oefi.org
What is the mission statement of Operating Engineers Vacation-Holiday Savings Trust?
The Operating Engineers Vacation-Holiday Savings Trust serves as a fraternal beneficiary society and voluntary employees association. Its primary function is to manage vacation withholdings and distribute vacation and holiday benefits to its members. The trust operates as a collective, pooling resources to provide this essential benefit to its members. By doing so, it enhances the work-life balance of its members and promotes their overall well-being. The trust's operations allow for the equitable distribution of vacation time among its members, ensuring that everyone can enjoy the fruits of their labor.
Official website here: www.oefi.org
Who is the CEO of Operating Engineers Vacation-Holiday Savings Trust?
Michael B De Chellis is the Fund Manager of Operating Engineers Vacation-Holiday Savings Trust.
Official website here: www.oefi.org
What is the revenue of Operating Engineers Vacation-Holiday Savings Trust?
Operating Engineers Vacation-Holiday Savings Trust's revenue in 2022 was $49,350,906.
Official website here: www.oefi.org
Who are the executives of Operating Engineers Vacation-Holiday Savings Trust and what are their salaries?
Here are 21 key members and their salaries:
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- Other: $56,532
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- Related: $204,049
- Other: $46,665
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- Other: $46,665
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- Related: $167,443
- Other: $46,665
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Official website here: www.oefi.org
Where can I find the form 990 for Operating Engineers Vacation-Holiday Savings Trust?
Operating Engineers Vacation-Holiday Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oefi.org
Learn more at the official website: www.oefi.org
Mission Statement of Operating Engineers Vacation-Holiday Savings Trust
Operating Engineers Vacation-Holiday Savings Trust is a fraternal beneficiary society and voluntary employees association that plays a crucial role in managing vacation withholdings and distributing vacation and holiday benefits for its members. As a mission-driven organization, it operates with the primary objective of collecting and managing vacation withholdings on behalf of its members. This trust serves as a vital resource for its members, providing them with well-deserved rest and relaxation through the distribution of vacation and holiday benefits.
In essence, Operating Engineers Vacation-Holiday Savings Trust acts as a bridge, allowing members to save for their vacation time and later reap the rewards. By operating as both a fraternal beneficiary society and a voluntary employees association, the trust fosters a sense of community and camaraderie among its members. This unique structure enables the trust to offer its members more than just a monetary benefit - it provides a platform for connection and support.
The trust's mission is rooted in the belief that all hardworking individuals deserve to take a break and recharge. By managing vacation withholdings and distributing benefits, Operating Engineers Vacation-Holiday Savings Trust empowers its members to make the most of their time off. Ultimately, this organization's mission is about fostering work-life balance and promoting the well-being of its members.
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Impact
October, 2024
Operating Engineers Vacation-Holiday Savings Trust plays a vital role in supporting the financial well-being of its members by collecting vacation withholdings and distributing vacation and holiday benefits. By providing this essential service, the trust helps ensure that workers have the means to take time off for rest and personal matters without facing financial hardship. This not only enhances the quality of life for the members and their families but also promotes a healthier work-life balance.
As a fraternal beneficiary society and voluntary employees association based in Pasadena, CA, the trust fosters a sense of community among its members, encouraging solidarity and mutual support. The systematic collection and distribution of funds ensure that members can rely on timely access to their benefits, ultimately contributing to their overall job satisfaction and morale.
This information is meant to be a general summary of Operating Engineers Vacation-Holiday Savings 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.
- Investment Income: $1,712,182
- Program Service Revenue: $47,389,785
- Gross Receipts: $124,636,485
Assets and Liabilities:
- Total Assets: $42,831,581
- Total Liabilities: $37,687,099
- Net Assets: $5,144,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$46,502,711
INTEREST ON DELINQUENT CONTRIBUTIONS
Revenue
$13,404
RECONTRIBUTION OF BENEFITS
Revenue
$805,382
COLLECTION INCOME
Revenue
$68,288
Organization Details
Founding Year
1965
Phone
(626) 356-1000Principal Officer
Michael B De Chellis
Main Address
100 CORSON ST, PASADENA, CA, 91103
Website
www.oefi.orgNTEE Category
Code: Y40 - Mutual benefit
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