THE FUND, THROUGH COLLECTION AND DISBURSEMENT OF PAYROLL DEDUCTIONS, CARRIES OUT ITS EXEMPT PURPOSE, WHICH IS TO PROVIDE FUNDS FOR VACATIONS FOR JOURNEYMEN, PLUMBERS, AND APPRENTICES THROUGH THE WITHHOLDING OF A PORTION OF THEIR WAGES. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.