Smart Local 265 Labor Management Cooperative Committee Trust Fund

Organization Overview

Smart Local 265 Labor Management Cooperative Committee Trust Fund is located in Carol Stream, IL. The organization was established in 1997. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart Local 265 Labor Management Cooperative Committee Trust Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 05/2022, Smart Local 265 Labor Management Cooperative Committee Trust Fund generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.8m during the year ending 05/2022. While expenses have increased by 5.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN, TO IMPROVE EMPLOYMENT OPPORTUNITIES FOR EMPLOYEES, TO EXPAND THE MARKET FOR THE CONSTRUCTION INDUSTRY, TO IMPROVE COMMUNICATION BETWEEN LABOR AND MANAGEMENT, TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO EXPLORE JOINT APPROACHES TO ORGANIZATION AND EFFECTIVENESS, AND TO PROVIDE SCHOLARSHIPS FOR THE BENEFIT OF EMPLOYEES AND THEIR FAMILIES FOR STUDY AT EDUCATIONAL INSTITUTIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ACT AS A COOPERATIVE COMMITTEE BETWEEN EMPLOYERS (MANAGEMENT) AND SMART LOCAL 265 (LABOR) ON PROJECTS OF MUTUAL INTEREST.


TO ACT AS A COOPERATIVE COMMITTEE BETWEEN EMPLOYERS (MANAGEMENT) AND SMART LOCAL 265 (LABOR) ON PROJECTS OF MUTUAL INTEREST.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Wiesbrook
Trustee
$0
John Hopp
Trustee
$0
Ric Dahlman
Trustee
$0
Brian Mcsherry
Trustee
$0
John Shaw
Trustee
$0
Henry Artlip
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,170,024
Investment income $2,911
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,172,935

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