Overview
What is Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is a nonprofit organization based in Hempstead, New York, with a location at 681 Fulton Avenue, ZIP code 11550. The primary mission of this organization is to offer various benefits to eligible participants and their dependents. These benefits include medical coverage, vacation days, dental care, vision services, unemployment assistance, disability coverage, and death benefits. The organization aims to support its members by providing these essential services, ensuring they have access to necessary resources for their overall wellbeing. With a team of eight employees, the Laborers Union Local 1298 Welfare Fund is committed to fulfilling its purpose and enhancing the lives of those it serves.
What are the reviews and ratings of this charity?
The Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund is not currently rated by Charity Navigator. This absence of a rating stems from its classification as not being a 501(c)(3) IRS registered nonprofit, which limits its eligibility for evaluation under Charity Navigator's standard methodologies.
Without a rating, there is no formal assessment of the organization's financial health, accountability, or impact, which means potential supporters have limited third-party verification of its operations. The lack of available revenue and expenses data further restricts transparency regarding the fund's financial activities and management.
There are no user reviews available on GreatNonprofits, leaving a gap in community feedback that could otherwise provide insights into the organization's effectiveness and public perception. Potential supporters may benefit from seeking additional information directly from the organization or other independent resources.
This AI summary has been generated from information found on Charity Navigator.
Is Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund legitimate?
Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $526,408
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,666
For more financial information, click here
What is the mission statement of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
The Laborers Union Local 1298 Welfare Fund is dedicated to offering essential benefits to eligible participants and their dependents. This includes medical coverage, vacation days, dental care, vision insurance, unemployment assistance, disability protection, and death benefits. The primary objective is to ensure the wellbeing and financial security of union members and their families. By providing a comprehensive range of benefits, the fund aims to support the health and livelihood of its members, enhancing their overall quality of life.
Who is the CEO of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
Unavailable
What is the revenue of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund's revenue in 2022 was $33,460,877.
Who are the executives of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund and what are their salaries?
The average compensation at Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund during 2022 was $90,634. There are 8 employees at Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $416,000
- Other: $233,039
- Compensation: $0
- Related: $348,489
- Other: $203,049
- Compensation: $0
- Related: $295,959
- Other: $196,297
- Compensation: $0
- Related: $262,850
- Other: $188,534
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $220,661
- Related: $0
- Other: $69,653
- Compensation: $208,363
- Related: $12,400
- Other: $69,653
- Compensation: $150,451
- Related: $0
- Other: $55,723
- Compensation: $0
- Related: $277,064
- Other: $195,746
- Compensation: $333,491
- Related: $0
- Other: $69,653
Where can I find the form 990 for Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund
Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is a charitable organization dedicated to providing essential benefits to eligible participants and their dependents. This nonprofit institution takes pride in offering a comprehensive range of services, encompassing medical, vacation, dental, vision, unemployment, disability, and death benefits.
In simple terms, the primary objective of Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is to improve the lives of its members by addressing their health, financial, and welfare needs. By providing these benefits, the organization strives to ensure that its members can focus on their well-being and maintain a sense of security throughout various life circumstances.
In practice, Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund acts as a safety net for its members, cushioning them during periods of uncertainty or hardship. The medical benefits enable participants to access necessary healthcare services, ensuring their overall health and wellbeing. The vacation, dental, and vision benefits offer opportunities for relaxation and self-care, promoting mental and physical wellness.
The unemployment, disability, and death benefits serve as crucial financial support systems during times of job loss, injury, or bereavement. By providing these benefits, Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund helps its members navigate through challenging times, allowing them to focus on recovery and rebuilding rather than financial stress. Overall, the mission of Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is to support and empower its members, creating a sense of community and security.
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Impact
October, 2024
Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund significantly enhances the well-being of eligible participants and their dependents by providing essential benefits. The fund offers medical, dental, vision, and disability coverage, along with unemployment and death benefits, ensuring members have access to vital health services and financial support during challenging times. This comprehensive safety net not only helps alleviate the stress associated with healthcare costs and unforeseen circumstances but also promotes a healthier, more secure community among workers and their families. By fulfilling these needs, the Welfare Fund plays a crucial role in supporting the livelihoods and well-being of laborers in the region.
This information is meant to be a general summary of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $788,505
- Program Service Revenue: $32,672,372
- Gross Receipts: $36,220,011
Assets and Liabilities:
- Total Assets: $39,440,180
- Total Liabilities: $276,879
- Net Assets: $39,163,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$31,823,325
RETIREE CONTRIBUTIONS
Revenue
$724,110
COBRA CONTRIBUTIONS
Revenue
$124,937
Organization Details
Founding Year
1950
Phone
(516) 489-3644Main Address
681 FULTON AVENUE, HEMPSTEAD, NY, 11550
NTEE Category
Code: Y40 - Mutual benefit
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