Metal Lathers Trust Fund 46

Overview

Metal Lathers Trust Fund 46 is a U.S. nonprofit organization classified as a 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA). This type of organization provides benefits for life, sickness, accidents, or other causes to its members. It is not eligible for tax-deductible donations.

Financial Structure

As of the fiscal year ending in 2020, the fund reported significant financial activities:

• Revenue Sources:
  • Program Services constituted 97.4% of total revenue, amounting to $29,831,652.
  • Investment Income contributed 1.0%, totaling $298,308.
  • Sales of Assets accounted for 1.5%, with $468,095.
• Expenses:
  • Executive Compensation and Other Salaries/Wages together accounted for about 1% of total expenses.
• Assets and Liabilities:
  • Total Assets were valued at $30,564,165.
  • Total Liabilities stood at $1,005,312.

Benefits Provided

The fund provides health benefits, including hospitalization, dental, life insurance, and disability insurance, to eligible participants. These benefits are part of a comprehensive package for members, typically received through employment with related unions or organizations.

Organization Structure

The fund is managed by a team of administrators and trustees responsible for overseeing its operations and ensuring the provision of benefits to members. Key personnel positions include fund administrators and trustees who are integral to the governance and operational functions of the organization.

[1] https://projects.propublica.org/nonprofits/organizations/131598182 [2] https://www.instrumentl.com/990-report/metal-lathers-local-46-labor-management-cooperative-trust [3] https://ml46.org/benefits.aspx [4] https://ml46.org [5] https://www.causeiq.com/organizations/metal-lathers-trust-fund-46,131598182/