Hrsa-Ila Fringe Benefit Escrow Fund

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

EIN: 541218271 ✦ Norfolk, VA ✦ Designated as a 501(c)(9)

Overview

What is Hrsa-Ila Fringe Benefit Escrow Fund?

The Hrsa-Ila Fringe Benefit Escrow Fund is a nonprofit trust based in Norfolk, Virginia, dedicated to managing employer contributions for employee fringe benefit programs as outlined in collective bargaining agreements. This includes various funds such as the Container Royalty Fund No. 2, Welfare Fund, Vacation and Holiday Fund, and the David D. Alston Scholarship Fund. The fund acts as a trust as defined in Section 501(c)(9) of the Internal Revenue Code, primarily focusing on receiving and administering these contributions to ensure the provision of required fringe benefits for employees.


Is Hrsa-Ila Fringe Benefit Escrow Fund legitimate?

Hrsa-Ila Fringe Benefit Escrow Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hrsa-Ila Fringe Benefit Escrow 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $24,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,278

For more financial information, click here


What is the mission statement of Hrsa-Ila Fringe Benefit Escrow Fund?
Who is the CEO of Hrsa-Ila Fringe Benefit Escrow Fund?
What is the revenue of Hrsa-Ila Fringe Benefit Escrow Fund?
Who are the executives of Hrsa-Ila Fringe Benefit Escrow Fund and what are their salaries?
Where can I find the form 990 for Hrsa-Ila Fringe Benefit Escrow Fund?

Mission Statement of Hrsa-Ila Fringe Benefit Escrow Fund

Hrsa-Ila Fringe Benefit Escrow Fund is a trust established with the purpose of receiving and administering employer contributions essential to fund employee fringe benefit programs as outlined in collective bargaining agreements. This trust, defined as a section 501(c)(9) entity under the Internal Revenue Code, plays a crucial role in managing contributions for various fringe benefit programs, such as the Container Royalty Fund No. 2, the Welfare Fund, the Vacation and Holiday Fund, and the David D. Alston Scholarship Fund. The Hrsa-Ila Fringe Benefit Escrow Fund acts as a trusted intermediary, ensuring the proper allocation and administration of these funds to meet the contractual obligations set forth in the collective bargaining agreements.

Impact

This information is meant to be a general summary of Hrsa-Ila Fringe Benefit Escrow Fund. 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 the Hrsa-Ila Fringe Benefit Escrow Fund is centered around administering employer contributions necessary to fund employee fringe benefit programs required pursuant to collective bargaining agreements. This fund plays a crucial role in ensuring that employees receive the benefits they are entitled to as per negotiated agreements, such as the Container Royalty Fund No. 2, the Welfare Fund, the Vacation and Holiday Fund, and the David D. Alston Scholarship Fund. By managing these contributions and distributing them accordingly, the fund supports the well-being and continued development of workers in the respective industries.





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: $46,430
  • Program Service Revenue: $29,138,411
  • Gross Receipts: $37,518,091

    • Assets and Liabilities:
  • Total Assets: $25,204,494
  • Total Liabilities: $3,986,413
  • Net Assets: $21,218,081
  • Programs

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

    EXCESS CONTRIB. RECEIVED OVER ASS

    Revenue

    $17,868,106

    EMERGENCY FUNDING FROM CONTAINER

    Revenue

    $8,996,498

    CONTAINER CAP EXCESS GUARANTEE

    Revenue

    $2,273,807

    Organization Details

    Founding Year

    1982

    Principal Officer

    Steve Greene

    Main Address

    1355 INTERNATIONAL TERMINAL BLVD, NORFOLK, VA, 235051458

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Hrsa-Ila Fringe Benefit Escrow Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.