Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan

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

EIN: 386195525 ✦ Troy, MI ✦ Designated as a 501(c)(9)

Overview

What is Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan?

The Operating Engineers' Local 324 Vacation and Holiday Fund of Michigan is a fraternal organization based in Troy, MI. Their primary purpose is to collect funds according to a collective bargaining agreement, which will then be distributed to participants. This fund serves as a crucial benefit for the members of Operating Engineers' Local 324.


Is Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan legitimate?

Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan 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 not tax deductible.

Here 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 Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan?
Who is the CEO of Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan?
What is the revenue of Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan?
Who are the executives of Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan and what are their salaries?
Where can I find the form 990 for Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan?

Mission Statement of Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan

The Operating Engineers' Local 324 Vacation and Holiday Fund of Michigan is a fraternal organization dedicated to the collection of funds as outlined in a collective bargaining agreement, with the primary goal of distributing these resources to its participants. In essence, this organization serves as a means for members to come together and pool their resources for the purpose of providing vacation and holiday benefits to one another.

By pooling their funds, the members of Operating Engineers' Local 324 Vacation and Holiday Fund of Michigan ensure that they can enjoy well-deserved time off, as well as celebrate important holidays, with financial security. The organization's mission is a testament to the collective strength and solidarity of its members, as they come together to support one another through the sharing of resources. The Fund provides a sense of community and security for the members, knowing that they have access to benefits that may not be readily available to them otherwise.

The Operating Engineers' Local 324 Vacation and Holiday Fund of Michigan is more than just a resource for its members; it is a symbol of unity and camaraderie. Through this shared commitment to the Fund, members build stronger relationships and a sense of belonging within their local union. The organization's mission is an essential component of the collective bargaining agreement, ensuring that the hardworking members of Operating Engineers' Local 324 have access to the benefits they deserve.

Impact

This information is meant to be a general summary of Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of Operating Engineers' Local 324 Vacation And Holiday Fund Of Michigan lies in its ability to collect funds as per the collective bargaining agreement for distribution to participants. This support helps ensure that members have access to vacation and holiday benefits, contributing to their overall well-being and financial security. By pooling resources and distributing them in a systematic manner, the Fund plays a crucial role in providing mutual benefits to the participants, thereby fulfilling its mission as a fraternal organization.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $2,203
  • Program Service Revenue: $59,602,716
  • Gross Receipts: $59,619,008

    • Assets and Liabilities:
  • Total Assets: $25,154,395
  • Total Liabilities: $23,615,059
  • Net Assets: $1,539,336
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $59,602,716

    Organization Details

    Founding Year

    1968

    Principal Officer

    Scott Hart

    Main Address

    5600 NEW KING DRIVE 330, TROY, MI, 48098

    NTEE Category

    Code: Y40 - Mutual benefit

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