Overview
What is Operating Engineers Journeyman And Apprentice Training Trust?
Operating Engineers Journeyman and Apprentice Training Trust is a corporation responsible for managing the employee benefit programs for approximately 20,000 members of the International Union of Operating Engineers (I.U.O.E.) Local 12, along with their dependents and beneficiaries. They ensure the implementation and administration of these programs.
Official website here: www.oett.net
Is Operating Engineers Journeyman And Apprentice Training Trust legitimate?
Operating Engineers Journeyman And Apprentice Training Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Operating Engineers Journeyman And Apprentice Training 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: $255,843
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,483,998
For more financial information, click here
Official website here: www.oett.net
What is the mission statement of Operating Engineers Journeyman And Apprentice Training Trust?
The Operating Engineers Journeyman and Apprentice Training Trust is an entity responsible for managing the employee benefit programs of approximately 20,000 members of the International Union of Operating Engineers (I.U.O.E.) Local 12, along with their dependents and beneficiaries. The organization's core function is to ensure the welfare of these members by administering various benefits.
Official website here: www.oett.net
Who is the CEO of Operating Engineers Journeyman And Apprentice Training Trust?
Michael B De Chellis is the Fund Manager of Operating Engineers Journeyman And Apprentice Training Trust.
Official website here: www.oett.net
What is the revenue of Operating Engineers Journeyman And Apprentice Training Trust?
Operating Engineers Journeyman And Apprentice Training Trust's revenue in 2022 was $19,904,114.
Official website here: www.oett.net
Who are the executives of Operating Engineers Journeyman And Apprentice Training Trust and what are their salaries?
The average compensation at Operating Engineers Journeyman And Apprentice Training Trust during 2022 was $83,186. There are 69 employees at Operating Engineers Journeyman And Apprentice Training Trust.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $246,757
- Other: $46,665
- Compensation: $0
- Related: $214,351
- Other: $46,665
- Compensation: $196,468
- Related: $0
- Other: $56,532
- Compensation: $0
- Related: $204,049
- Other: $46,665
- Compensation: $0
- Related: $186,117
- Other: $46,665
- Compensation: $0
- Related: $167,443
- Other: $46,665
- Compensation: $0
- Related: $150,434
- Other: $46,665
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oett.net
Where can I find the form 990 for Operating Engineers Journeyman And Apprentice Training Trust?
Operating Engineers Journeyman And Apprentice Training Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oett.net
Learn more at the official website: www.oett.net
Mission Statement of Operating Engineers Journeyman And Apprentice Training Trust
The Operating Engineers Journeyman and Apprentice Training Trust is a vital organization that manages the employee benefit programs for approximately 20,000 members of the International Union of Operating Engineers (I.U.O.E.) Local 12, along with their dependents and beneficiaries. In simpler terms, this corporation serves as the administrator of the benefits package for more than 20,000 union members and their families.
The primary role of the Operating Engineers Funds is to ensure the well-being and support of its members. This includes providing essential benefits that cater to various aspects of their lives, such as health, retirement, and other related needs. By doing so, the organization enables its members to focus on their professional development and career growth within the operating engineering industry.
The Operating Engineers Journeyman and Apprentice Training Trust plays a crucial role in maintaining the workforce's welfare, allowing them to thrive both personally and professionally. The organization's dedication to its members is evident in its comprehensive employee benefit programs, which are designed to address the diverse needs of the individuals it serves.
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Impact
October, 2024
The Operating Engineers Journeyman and Apprentice Training Trust plays a crucial role in the professional development of over 20,000 members of the International Union of Operating Engineers (I.U.O.E.) Local 12, as well as their dependents and beneficiaries. By administering employee benefit programs, it ensures that members have access to essential support services, enhancing their overall quality of life.
Through comprehensive training and apprenticeship programs, the Trust prepares individuals for successful careers in operating engineering, equipping them with the necessary skills and knowledge to excel in the industry. This not only strengthens the workforce but also promotes safety and efficiency in operations, benefiting the construction and heavy equipment sectors at large.
Additionally, the Trust fosters a sense of community and mutual benefit among members, ensuring that they are supported throughout their careers. This collaborative approach contributes to the stability and growth of the profession, while also addressing the needs of members and their families, reinforcing the value of collective bargaining and workforce solidarity.
This information is meant to be a general summary of Operating Engineers Journeyman And Apprentice Training 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: $252,337
- Program Service Revenue: $19,299,413
- Gross Receipts: $49,442,465
Assets and Liabilities:
- Total Assets: $34,939,908
- Total Liabilities: $830,038
- Net Assets: $34,109,870
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$18,449,696
APPRENTICESHIP PROGRAM REIMBURSEMENTS
Revenue
$433,572
APPRENTICESHIP PROGRAM GRANT
Revenue
$387,627
COLLECTION AND DELINQUENCY INCOME
Revenue
$22,820
INTEREST ON DELINQUENT CONTRIBUTIONS
Revenue
$5,698
Organization Details
Founding Year
1964
Phone
(626) 356-1000Principal Officer
Michael B De Chellis
Main Address
100 CORSON ST, PASADENA, CA, 91103
Website
www.oett.netNTEE Category
Code: Y40 - Mutual benefit
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