Hawaii Electricians Market Enhancement Program Fund

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

EIN: 990283330 ✦ Honolulu, HI ✦ Designated as a 501(c)(5)

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Overview

What is Hawaii Electricians Market Enhancement Program Fund?

The Hawaii Electricians Market Enhancement Program Fund is a nonprofit organization situated in Honolulu, Hawaii. Its primary objective is to promote and enhance the electrical contracting industry by supporting a program aimed at reducing workers' compensation costs. This initiative seeks to foster a more cooperative relationship between labor and management, thereby improving working conditions. The program's mission is multifaceted, aiming to boost harmony between the union and signatory employers while simultaneously promoting the industry as a whole. The organization currently employs a team of three individuals.

Is Hawaii Electricians Market Enhancement Program Fund legitimate?

Hawaii Electricians Market Enhancement Program Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Hawaii Electricians Market Enhancement Program 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: $330,711

For more financial information, click here

What is the mission statement of Hawaii Electricians Market Enhancement Program Fund?

The Hawaii Electricians Market Enhancement Program Fund aims to foster a more collaborative and amicable relationship between labor and the employing entities in the electrical contracting industry. This initiative strives to enhance the industry as a whole by improving working conditions. Additionally, the program supports an initiative to decrease workers' compensation costs, thereby contributing to the overall growth and development of the industry.

Who is the CEO of Hawaii Electricians Market Enhancement Program Fund?

Damien Kim Al Itamoto is the Union Trustee of Hawaii Electricians Market Enhancement Program Fund.

What is the revenue of Hawaii Electricians Market Enhancement Program Fund?

Hawaii Electricians Market Enhancement Program Fund's revenue in 2022 was $1,141,896.

Who are the executives of Hawaii Electricians Market Enhancement Program Fund and what are their salaries?

The average compensation at Hawaii Electricians Market Enhancement Program Fund during 2022 was $110,237. There are 3 employees at Hawaii Electricians Market Enhancement Program Fund.


Here are 10 key members and their salaries:


Damien Kim (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Aquino (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimi Koge (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leyton Torda (Union Trustee (Alt.))
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryl Suehiro (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Duarte (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hanamoto (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Itamoto (Employer Trustee (Alt.))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Takahashi (Hemep Employee)
  • Compensation: $140,090
  • Related: $0
  • Other: $38,345
Troy Silva (Hemep Employee)
  • Compensation: $106,459
  • Related: $0
  • Other: $38,110
Where can I find the form 990 for Hawaii Electricians Market Enhancement Program Fund?

Hawaii Electricians Market Enhancement Program Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hawaii Electricians Market Enhancement Program Fund

The Hawaii Electricians Market Enhancement Program Fund is dedicated to fostering a more collaborative and harmonious relationship between unions and their respective employers within the electrical contracting industry. This program's mission is centered around enhancing the overall industry by promoting a cooperative environment between labor and management, ultimately aiming to improve working conditions. By supporting a program designed to reduce workers' compensation costs, the Hawaii Electricians Market Enhancement Program Fund aims to uplift the industry as a whole, contributing positively to the workforce and the electrical contracting sector as a whole.

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Impact




October, 2024

The Hawaii Electricians Market Enhancement Program Fund has a significant impact on the electrical contracting industry by fostering a more collaborative relationship between union workers and signatory employers. This initiative not only enhances communication and cooperation between labor and management but also aims to improve overall working conditions.

By focusing on reducing workers' compensation costs, the program directly supports businesses in the industry, allowing them to allocate resources more effectively and invest in their workforce. This financial relief can lead to better wages and improved safety measures for electricians, ultimately benefiting the entire industry.

Additionally, the program promotes the electrical contracting sector as a whole, which can attract new apprentices and experienced professionals into the field, ensuring a skilled workforce to meet growing demands. Overall, the fund plays a crucial role in strengthening the electrical contracting landscape in Hawaii, contributing to a more sustainable and prosperous industry.




This information is meant to be a general summary of Hawaii Electricians Market Enhancement Program 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
$1,141,896 (2022)
Expenses
$696,819 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,454
  • Program Service Revenue: $1,126,397
  • Gross Receipts: $1,141,896

Assets and Liabilities:

  • Total Assets: $2,702,677
  • Total Liabilities: $75,856
  • Net Assets: $2,626,821

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Programs

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

EMPLOYERS CONTRIBUTION

Revenue

$1,126,091

LIQUIDATED DAMAGES

Revenue

$163

INT ON DELINQUENCIES

Revenue

$143

Organization Details

Founding Year

1990

Principal Officer

Damien Kim Al Itamoto

Main Address

1935 HAU STREET 450, HONOLULU, HI, 96819

NTEE Category

Code: J22 - Employment

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