Recycling And General Industrial Local 108 Welfare

The information for Recycling And General Industrial Local 108 Welfare is as of the organization's most recent filing in December '21. This organization is located in New York, NY. It has been in existence for 57 years, following its founding in 1964.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Recycling And General Industrial Local 108 Welfare organization's NTEE code is Y43. The "Y" indicates that the organization is classified under Mutual & Membership Benefit. The "43" signifies that it falls under the category of Voluntary Employees Beneficiary Associations (Non-Government). This classification refers to non-governmental organizations that provide various benefits, such as life, sick, accident, or other benefits, to voluntary members of associations or their dependents or beneficiaries. This code is specifically used for organizations exempt from federal taxes under 501(c)(9) of the Internal Revenue Code. The organization is governed by section code 9, which corresponds to Voluntary Employee Beneficiary Associations. The mission of the Recycling And General Industrial Local 108 Welfare is to provide medical, hospital, prescription drugs, dental, optical, life insurance, and accidental death & dismemberment benefits to eligible participants.

Program Areas

The organization provides medical, hospital, prescription drugs, dental, optical, life insurance, and accidental death & dismemberment benefits to eligible participants.

Organization Staffing

Recycling And General Industrial Local 108 Welfare has 5 employees, with one employee being paid over $100k according to the organization's most recent 990 tax filing. The organization does not have any volunteers supporting the paid staff.

Board Governance

Recycling And General Industrial Local 108 Welfare appears to be a well-governed non-profit organization based on the information provided. The organization has a small but effective board of voting members, all of whom are independent. This ensures that decisions made by the board are unbiased and in the best interest of the organization and its mission. The absence of potential conflicts of interest further strengthens the governance of the organization. This means that board members are not influenced by personal or financial interests that could compromise their decision-making. Additionally, the organization has a conflict of interest policy in place, which requires disclosure of any conflicts that may arise. This policy helps to ensure transparency and accountability within the organization. The fact that board meetings and committee meetings are documented indicates a commitment to transparency and accountability. This documentation allows for a clear record of decisions made and actions taken, providing a level of oversight and ensuring that the organization operates in accordance with its mission and values. Furthermore, the organization has implemented several important policies, such as a whistleblower policy and a document retention policy. These policies encourage a culture of ethics and integrity within the organization, as they provide channels for reporting misconduct and ensure that important documents are properly maintained. While it is not explicitly stated, the organization's practice of providing copies of the 990 to the board prior to filing suggests a commitment to financial transparency. This allows board members to review and scrutinize the organization's financial statements, ensuring that leadership salaries and expenses are appropriately substantiated and reviewed. Overall, Recycling And General Industrial Local 108 Welfare demonstrates strong governance practices, with a focus on transparency, accountability, and ethical conduct. These practices contribute to the organization's credibility and effectiveness in fulfilling its mission.

Organization Growth

The nonprofit organization, Recycling And General Industrial Local 108 Welfare, has experienced growth over the given time period. The program service revenue increased from $12.7M in 2015 to $14.7M in 2021, indicating an expansion in the organization's services. Additionally, investment income also grew from $130 in 2015 to $202 in 2021. However, the other revenue decreased from $46.8K in 2015 to $17.7K in 2021. Overall, the total revenue increased from $12.8M in 2015 to $14.8M in 2021. Despite the increase in revenue, the organization also saw an increase in benefits paid to members, employee salaries, and total expenses. The number of total employees remained the same at 5 throughout the given time period.