
Iron Workers Local 46 Metallic Lathers
131598182
1946
WOODSIDE, NY 11377 United States
ml46.org
local46ml
The-Official-Metallic-Lathers-and-Reinforcing-Ironworkers-Local-46-224183270966391
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/
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About the organization
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212 7370500 Metallic Lathers and Reinforcing Ironworkers Local 46 The officers and members of Local 46 and Lathers take pride in providing our employers with a highly skilled well trained and drug free workforce. Apprenticeship and Journeyman Training Skilled Ironworkers are developed not born. The skill of the all around Journeyman Ironworker is not acquired by a few months on the job or merely by being in a place where the different job operations are being performed. Contractors Need a contractor.