Road Carriers Local 707 Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112159859 ✦ Hempstead, NY ✦ Designated as a 501(c)(9)

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Overview

What is Road Carriers Local 707 Welfare Fund?

The Road Carriers Local 707 Welfare Fund is a nonprofit organization based in Hempstead, New York, with a workforce of five dedicated individuals. Their primary mission is to extend essential benefits to their eligible members. These benefits encompass hospital, medical, dental, drug, optical, life insurance, and accidental death and dismemberment insurance. By providing these services, the Road Carriers Local 707 Welfare Fund ensures the well-being and security of its members, enhancing their overall quality of life.

Is Road Carriers Local 707 Welfare Fund legitimate?

Road Carriers Local 707 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Road Carriers Local 707 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,837

For more financial information, click here

What is the mission statement of Road Carriers Local 707 Welfare Fund?

The Road Carriers Local 707 Welfare Fund is dedicated to extending hospital, medical, dental, drug, optical, life insurance, and accidental death and dismemberment benefits to its eligible members. This non-profit organization's mission is centered around enhancing the wellbeing of its members by providing essential health and financial security services. The Fund aims to ensure its members have access to comprehensive healthcare coverage, enabling them to focus on their personal and professional lives with peace of mind. In the event of unforeseen medical emergencies or accidents, the benefits offered by the Fund can provide vital support and financial assistance to help members manage their health and financial needs.

Who is the CEO of Road Carriers Local 707 Welfare Fund?

Kevin Mccaffrey is the Union Trustee of Road Carriers Local 707 Welfare Fund.

What is the revenue of Road Carriers Local 707 Welfare Fund?

Road Carriers Local 707 Welfare Fund's revenue in 2022 was $21,648,483.

Who are the executives of Road Carriers Local 707 Welfare Fund and what are their salaries?

The average compensation at Road Carriers Local 707 Welfare Fund during 2022 was $50,367. There are 5 employees at Road Carriers Local 707 Welfare Fund.


Here are 4 key members and their salaries:


Kevin Mccaffrey (Union Trustee)
  • Compensation: $0
  • Related: $125,019
  • Other: $47,451
Michael Day (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Dusko (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Pacheco (Union Trustee)
  • Compensation: $0
  • Related: $85,196
  • Other: $47,451
Where can I find the form 990 for Road Carriers Local 707 Welfare Fund?

Road Carriers Local 707 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Road Carriers Local 707 Welfare Fund

The Road Carriers Local 707 Welfare Fund is a nonprofit organization dedicated to extending essential benefits to its eligible members. With a mission to provide hospital, medical, dental, drug, optical, life insurance, and accidental death and dismemberment insurance, this fund goes above and beyond to ensure the wellbeing of its members.

In simple terms, the Road Carriers Local 707 Welfare Fund serves as a safety net for its members, offering a comprehensive range of benefits designed to enhance their quality of life. By providing these various insurance coverages, the fund offers financial protection during times of illness or injury, allowing members to focus on their recovery rather than worrying about mounting medical bills.

Moreover, the Road Carriers Local 707 Welfare Fund offers a sense of security and peace of mind to its members. By investing in their health and wellbeing, the organization demonstrates its commitment to the individuals it serves. In times of uncertainty, having access to crucial resources can make all the difference. With the Road Carriers Local 707 Welfare Fund, members can rest assured that they have a reliable and supportive network by their side.

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Impact




October, 2024

Road Carriers Local 707 Welfare Fund significantly impacts its eligible members by offering comprehensive benefits that ensure their health and financial stability. By providing access to essential services such as hospital care, medical treatments, dental care, prescription drugs, optical services, life insurance, and accidental death and dismemberment insurance, the fund plays a crucial role in enhancing members' quality of life. This support alleviates the financial burden associated with healthcare costs, allowing members to focus on their well-being and that of their families. Additionally, the range of benefits fosters a sense of security within the community, promoting overall peace of mind for those reliant on these services. The fund’s commitment to mutual benefit underscores its dedication to improving the lives of its members in Hempstead, NY, and surrounding areas.




This information is meant to be a general summary of Road Carriers Local 707 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.

Revenue
$21,648,483 (2022)
Expenses
$19,755,448 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $773,789
  • Program Service Revenue: $20,713,527
  • Gross Receipts: $25,091,543

Assets and Liabilities:

  • Total Assets: $26,123,821
  • Total Liabilities: $190,604
  • Net Assets: $25,933,217

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$20,630,931

COBRA CONTRIBUTIONS

Revenue

$82,596

Organization Details

Founding Year

1950

Principal Officer

Kevin Mccaffrey

Main Address

14 FRONT STREET, HEMPSTEAD, NY, 11550

NTEE Category

Code: Y40 - Mutual benefit

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