Mechanical Trades Betterment Fund Employees Trust

Organization Overview

Mechanical Trades Betterment Fund Employees Trust is located in Latham, NY. The organization was established in 1971. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mechanical Trades Betterment Fund Employees Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 06/2022, Mechanical Trades Betterment Fund Employees Trust generated $538.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $458.9k during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 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

BETTERMENT AND IMPROVEMENT OF THE MECHANICAL TRADES, INCLUDING SPONSORSHIP OF LEGISLATION, PUBLIC RELATIONS, SAFETY PROGRAMS, EDUCATIONAL PROGRAMS AND LEGAL MEANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FOR THE GENERAL BETTERMENT AND IMPROVEMENT OF THE MECHANICAL TRADES, INCLUDING SPONSORSHIP OF LEGISLATION, PUBLIC RELATIONS, SAFETY AND EDUCATIONAL PROGRAMS AND LEGAL MEANS.


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Board, Officers & Key Employees

Name (title)Compensation
Edward Nadeau
Business Manager
$0
Mike Foster
Trustee
$0
Jack Rosenzweig
Trustee
$0
Ray Altrock
Trustee
$0
James Maguire
Trustee
$0
Gerald Perry
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$502,663
Investment income $26,439
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 $538,427

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