Overview
What is Steamfitters Industry Welfare Fund?
The Steamfitters Industry Welfare Fund is a nonprofit organization that offers pension and welfare benefits to the active and retired members of Steamfitters Local 638, along with their dependents and beneficiaries. This fund, which falls under the Taft Hartley Act of 1947, encompasses multiple programs within the Construction and Metal Trades Branches of Local 638. Specifically, it includes two defined benefit pension plans, two health and welfare funds, a security benefit fund, a vacation plan, and two educational funds. The primary mission of the Fund is to provide eligible participants with health coverage and additional benefits in accordance with the established rules and regulations of the Fund.
Official website here: www.steamfitters.com
What are the reviews and ratings of this charity?
The Steamfitters Industry Welfare Fund is not currently rated by Charity Navigator due to its classification outside of the 501(c)(3) IRS registered nonprofit criteria. As such, none of the typical evaluation metrics like Accountability & Finance or Impact & Measurement were applied. This lack of rating does not reflect negatively or positively but indicates an evaluation has not been conducted under Charity Navigator's existing frameworks.
Historically, the organization's rating would have been influenced by its financial accountability criteria, as those metrics were the primary focus before the inclusion of newer evaluation methodologies like Impact & Measurement. This organization is noted as independent, according to the IRS Published Data, but financial details like revenue, expenses, and salary of key persons are not available.
Since there are no user reviews found on GreatNonprofits, there is no additional user feedback to provide insights into firsthand experiences with the organization. Without such feedback or formal ratings, potential supporters may seek alternative resources or direct contact with the organization for more detailed information.
This AI summary has been generated from information found on Charity Navigator.
Is Steamfitters Industry Welfare Fund legitimate?
Steamfitters Industry Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Steamfitters Industry 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: $86,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $551,928
For more financial information, click here
Official website here: www.steamfitters.com
What is the mission statement of Steamfitters Industry Welfare Fund?
The Steamfitters Industry Welfare Fund serves to extend health coverage and additional benefits to eligible individuals in adherence to the Fund's regulations. Established under the Taft Hartley Act of 1947, this fund is a comprehensive employee benefits program catering to both active and retired members of Steamfitters Local 638, along with their dependents and beneficiaries. The fund encompasses various components, including pension plans, health and welfare funds, a security benefit fund, a vacation plan, and educational funds. The primary objective is to ensure the wellbeing and support of the eligible participants.
Official website here: www.steamfitters.com
Who is the CEO of Steamfitters Industry Welfare Fund?
Michael Mulvaney is the Trustee of Steamfitters Industry Welfare Fund.
Official website here: www.steamfitters.com
What is the revenue of Steamfitters Industry Welfare Fund?
Steamfitters Industry Welfare Fund's revenue in 2022 was $68,606,554.
Official website here: www.steamfitters.com
Who are the executives of Steamfitters Industry Welfare Fund and what are their salaries?
The average compensation at Steamfitters Industry Welfare Fund during 2022 was $17,264. There are 37 employees at Steamfitters Industry Welfare Fund.
Here are 16 key members and their salaries:
- Compensation: $21,386
- Related: $406,340
- Other: $47,866
- Compensation: $0
- Related: $243,236
- Other: $64,837
- Compensation: $8,347
- Related: $200,340
- Other: $45,884
- Compensation: $57,117
- Related: $146,872
- Other: $45,884
- Compensation: $0
- Related: $180,717
- Other: $55,283
- Compensation: $0
- Related: $178,468
- Other: $55,283
- Compensation: $0
- Related: $173,918
- Other: $55,283
- Compensation: $0
- Related: $160,988
- Other: $55,283
- Compensation: $53,407
- Related: $124,618
- Other: $35,432
- 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: $0
- Related: $0
- Other: $0
Official website here: www.steamfitters.com
Where can I find the form 990 for Steamfitters Industry Welfare Fund?
Steamfitters Industry Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.steamfitters.com
Learn more at the official website: www.steamfitters.com
Mission Statement of Steamfitters Industry Welfare Fund
The Steamfitters Industry Welfare Fund is a dedicated organization that offers health coverage and various benefits to eligible participants, in accordance with its established rules and regulations. By providing these essential services, the Fund plays a crucial role in ensuring the wellbeing of its members.
This nonprofit entity, commonly known as the Steamfitters Industry Welfare Fund, is committed to delivering comprehensive benefits to the qualified individuals under its jurisdiction. Its primary focus lies in the provision of health coverage, which is a vital aspect of maintaining overall health and wellness. The Fund's regulations govern the eligibility and scope of these offerings, ensuring fairness and accessibility for all.
The Steamfitters Industry Welfare Fund encompasses several employee benefit programs, catering to the needs of Steamfitters Local 638's active and retired members, as well as their dependents and beneficiaries. These programs include pension plans, both defined benefit and defined contribution, health and welfare funds, a security benefit fund, a vacation plan, and two educational funds. By offering this extensive range of benefits, the Fund serves to enhance the quality of life for its members and their families.
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Impact
October, 2024
The Steamfitters Industry Welfare Fund has a significant impact on the well-being of thousands of active and retired members of Steamfitters Local 638, along with their dependents and beneficiaries. By providing comprehensive health coverage and a variety of benefits, the Fund plays a crucial role in ensuring financial security and access to essential services for its participants.
Through its structured programs, including pension plans, health and welfare funds, and educational resources, the Fund supports members throughout their careers and into retirement. These benefits are vital in helping individuals manage healthcare costs, secure stable retirement income, and enhance their skills and education. The Fund’s efforts foster a supportive community that enhances the quality of life for steamfitters and their families, ultimately contributing to a healthier workforce and stronger industry standards. By upholding the principles established under the Taft Hartley Act, the Fund facilitates a cooperative approach to employee welfare, promoting both individual and collective prosperity within the steamfitting profession.
This information is meant to be a general summary of Steamfitters Industry 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: $2,380,320
- Program Service Revenue: $66,136,208
- Gross Receipts: $82,649,412
Assets and Liabilities:
- Total Assets: $96,675,389
- Total Liabilities: $4,087,758
- Net Assets: $92,587,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$66,136,208
Organization Details
Founding Year
1946
Phone
(212) 465-8888Principal Officer
Michael Mulvaney
Main Address
27-08 40th Avenue 2nd floor, Long Island City, NY, 111013725
Website
www.steamfitters.comNTEE Category
Code: J40 - Employment
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