Employees Association Of The Lincoln Electric Company Trust

Organization Overview

Employees Association Of The Lincoln Electric Company Trust is located in Euclid, OH. The organization was established in 1994. 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. Employees Association Of The Lincoln Electric Company Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 05/2022, Employees Association Of The Lincoln Electric Company Trust generated $202.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $196.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. 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

PRIMARY MISSION IS TO PROVIDE BENEFITS TO SICK AND INJURY RELATED ABSENCES WHICH ARE UNPAID BY THE EMPLOYER. THE VOLUNTARY FUNDING OF ATHLETIC LEAGUES, EVENTS, AND SOCIAL ACTIVITIES IS A SECONDARY BENEFIT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE BENEFITS FOR SICK AND INJURY RELATED ABSENCES WHICH ARE UNPAID BY THE EMPLOYER. THE VOLUNTARY MEMBER FUNDING OF ATHLETIC LEAGUES, EVENTS, AND SOCIAL ACTIVITIES IS A SECONDARY BENEFIT WHICH IS ALSO SUPPLEMENTED BY THE EMPLOYER.


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Board, Officers & Key Employees

Name (title)Compensation
Margret Fry
Secretary
$0
Michael Raikes
Treasurer
$0
Kenyon Johnson
President
$0
Rodney Bennett
Vice President
$0
Frank Keinath
Advisor
$0
Mark Dinishak
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$202,148
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$202,148
Total Program Service Revenue$0
Investment income $33
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 $202,181

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