Building Trades Welfare Benefit Fund

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

EIN: 113310062 ✦ Garden city, NY ✦ Designated as a 501(c)(9)

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Overview

What is Building Trades Welfare Benefit Fund?

Building Trades Welfare Benefit Fund is a nonprofit organization situated in Garden City, New York, with the address 585 Stewart Avenue 330. Their primary mission is to extend health and welfare benefits to eligible members and their dependents. This charitable institution is dedicated to enhancing the wellbeing of its members by providing essential benefits, ensuring their overall wellness and improved quality of life.

Is Building Trades Welfare Benefit Fund legitimate?

Building Trades Welfare Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Building Trades Welfare Benefit 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Building Trades Welfare Benefit Fund?

The Building Trades Welfare Benefit Fund is dedicated to extending health and welfare benefits to eligible members and their dependents. By offering these essential services, the organization aims to improve the lives and well-being of those within its community. Through various programs and initiatives, the fund ensures that members have access to vital resources and support when they need it most. The fund's commitment to providing health and welfare benefits is a cornerstone of its mission, enabling members to focus on their work and personal lives with peace of mind. This unwavering dedication to the well-being of its members sets the Building Trades Welfare Benefit Fund apart, fostering a strong sense of unity and security within the community it serves.

Who is the CEO of Building Trades Welfare Benefit Fund?

Eric Olynik is the Trustee of Building Trades Welfare Benefit Fund.

What is the revenue of Building Trades Welfare Benefit Fund?

Building Trades Welfare Benefit Fund's revenue in 2022 was $21,874,913.

Who are the executives of Building Trades Welfare Benefit Fund and what are their salaries?


Here are 2 key members and their salaries:


Eric Olynik (Trustee)
  • Compensation: $45,000
  • Related: $95,000
  • Other: $0
Frank Rappo (Trustee)
  • Compensation: $45,000
  • Related: $95,000
  • Other: $0
Where can I find the form 990 for Building Trades Welfare Benefit Fund?

Building Trades Welfare Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Building Trades Welfare Benefit Fund

The Building Trades Welfare Benefit Fund is a dedicated organization that extends its mission to offering health and welfare benefits to eligible members and their dependents. Established with a clear purpose, this nonprofit body focuses on ensuring the wellbeing of its members by providing essential benefits that cater to their specific needs.

In simple terms, the Building Trades Welfare Benefit Fund acts as a safety net for its members, offering them a sense of security and peace of mind. With a commitment to enhancing the quality of life for those it serves, the nonprofit organization extends its reach to cover not only the health aspects but also the welfare of its members and their families.

The organization's unwavering dedication to its members is evident in its mission to provide comprehensive health and welfare benefits. These benefits are tailored to cater to the unique requirements and circumstances of each eligible individual. In essence, the Building Trades Welfare Benefit Fund serves as a valuable partner, offering essential support to its members and their dependents, ensuring they have access to the necessary resources to maintain their overall wellbeing.

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Impact




October, 2024

The Building Trades Welfare Benefit Fund has a significant impact by providing essential health and welfare benefits to eligible members and their dependents. This support is crucial for ensuring access to healthcare services, which enhances the overall well-being of those in the building trades community. By addressing the health needs of members and their families, the Fund plays a vital role in promoting financial stability and security, ultimately contributing to a healthier, more productive workforce. This commitment to welfare benefits fosters a sense of mutual support and collective responsibility, strengthening the community overall.




This information is meant to be a general summary of Building Trades Welfare Benefit 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
$21,874,913 (2022)
Expenses
$26,153,659 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $328,424
  • Program Service Revenue: $21,546,489
  • Gross Receipts: $28,046,224

Assets and Liabilities:

  • Total Assets: $18,741,317
  • Total Liabilities: $4,225,824
  • Net Assets: $14,515,493

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$21,410,357

COBRA

Revenue

$131,932

RETIREES

Revenue

$4,200

Organization Details

Founding Year

1996

Principal Officer

Eric Olynik

Main Address

585 STEWART AVENUE 330, GARDEN CITY, NY, 11530

NTEE Category

Code: Y40 - Mutual benefit

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