Chicago Labor Management Trust

Organization Overview

Chicago Labor Management Trust is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, 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. Chicago Labor Management Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Chicago Labor Management Trust generated $140.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $7.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (41.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3

THE TRUST'S PURPOSE IS TO LESSEN THE BURDEN OF THE CITY OF CHICAGO IN FACILITATING ITS RELATIONSHIP WITH EMPLOYEES AND PARTICIPATING LABOR UNIONS IN PERFORMANCE OF A PUBLIC PURPOSE. THE TRUST SHALL FOCUS ON REVIEWING, RESEARCHING, AND MAKING RECOMMENDATIONS TO THE CITY REGARDING THE QUALITY OF, COST EFFECTIVENESS OF, COST CONTAINMENT OF, AND SAVINGS OBTAINED BY THE CITY HEALTH CARE PLAN PROVIDED TO THE EMPLOYEES OF PARTICIPATING LABOR UNIONS. THE FOCUS OF THE TRUST INCLUDES THE REDUCTION AND ATTEMPTED ELIMINATION OF MEDICAL RESOURCE INEFFICIENCIES THROUGH ANALYSIS OF VARIOUS SUBJECTS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Reiter
Co-Chair
$0
Donald O'neill
Trustee
$0
Jeff Howard
Trustee
$0
Michael Newman
Trustee
$0
Martha Merrill
Trustee
$0
Joseph Healy
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Membership dues$0
Investment income $0
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$140
Total Revenue$140

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