Sheet Metal Workers Union Local 38 Insurance And Welfare Fund

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

EIN: 131739693 ✦ Brewster, NY ✦ Designated as a 501(c)(9)

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Overview

What is Sheet Metal Workers Union Local 38 Insurance And Welfare Fund?

The Sheet Metal Workers Union Local 38 Insurance and Welfare Fund is a charitable organization based in Brewster, New York, with a workforce of five individuals. Their primary purpose is to extend medical benefits to eligible participants and their dependents. This nonprofit entity is devoted to ensuring access to healthcare for its members, contributing significantly to their overall wellbeing.

Is Sheet Metal Workers Union Local 38 Insurance And Welfare Fund legitimate?

Sheet Metal Workers Union Local 38 Insurance And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers Union Local 38 Insurance And 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: $264,269
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,835

For more financial information, click here

What is the mission statement of Sheet Metal Workers Union Local 38 Insurance And Welfare Fund?

The Sheet Metal Workers Union Local 38 Insurance and Welfare Fund is dedicated to extending medical benefits to eligible participants and their dependents. This organization's primary purpose is to ensure access to essential healthcare services for its members and their families. The fund prioritizes the well-being of those it serves and strives to alleviate any financial burdens related to healthcare expenses. By providing medical benefits, the fund plays a crucial role in enhancing the overall quality of life for its members and their dependents.

Who is the CEO of Sheet Metal Workers Union Local 38 Insurance And Welfare Fund?

Richard P Pagano is the Fund Manager of Sheet Metal Workers Union Local 38 Insurance And Welfare Fund.

What is the revenue of Sheet Metal Workers Union Local 38 Insurance And Welfare Fund?

Sheet Metal Workers Union Local 38 Insurance And Welfare Fund's revenue in 2022 was $14,162,757.

Who are the executives of Sheet Metal Workers Union Local 38 Insurance And Welfare Fund and what are their salaries?

The average compensation at Sheet Metal Workers Union Local 38 Insurance And Welfare Fund during 2022 was $96,421. There are 5 employees at Sheet Metal Workers Union Local 38 Insurance And Welfare Fund.


Here are 7 key members and their salaries:


John Malaspina (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Colombo (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Perri (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James D'Annibale (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Greenwood (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Seidman (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard P Pagano (Fund Manager)
  • Compensation: $148,869
  • Related: $0
  • Other: $115,400
Where can I find the form 990 for Sheet Metal Workers Union Local 38 Insurance And Welfare Fund?

Sheet Metal Workers Union Local 38 Insurance And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sheet Metal Workers Union Local 38 Insurance And Welfare Fund

Sheet Metal Workers Union Local 38 Insurance and Welfare Fund is a compassionate organization dedicated to providing medical benefits to eligible participants and their dependents. This fund serves as a vital resource for individuals associated with the sheet metal industry, ensuring they have access to essential healthcare services.

Through its mission, the Sheet Metal Workers Union Local 38 Insurance and Welfare Fund extends its reach beyond the mere provision of medical coverage. By offering medical benefits, the organization plays a pivotal role in safeguarding the health and wellbeing of its members and their families. The fund's commitment to the community is unwavering, as it strives to ensure that those who are part of the sheet metal industry have access to the healthcare they need to live healthy, productive lives.

The Sheet Metal Workers Union Local 38 Insurance and Welfare Fund's primary goal is to make a difference in the lives of eligible participants and their dependents by delivering comprehensive medical benefits. These benefits not only provide vital healthcare services but also offer peace of mind, allowing individuals to focus on their personal and professional growth without the burden of health concerns. The organization's commitment to its mission is unwavering, as it continues to provide vital support and resources to those who need it most.

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Impact




October, 2024

The Sheet Metal Workers Union Local 38 Insurance and Welfare Fund significantly impacts its community by providing essential medical benefits to eligible participants and their dependents. This support ensures that union members and their families have access to necessary healthcare services, which can lead to improved overall health and well-being.

By focusing on the welfare of its members, the fund fosters a sense of security and stability among participants, enabling them to focus on their work without the added stress of financial burdens related to medical care. This commitment not only enhances the quality of life for individuals and families but also contributes to the broader economic stability of the region by promoting a healthier workforce.

Overall, the fund plays a crucial role in ensuring that union members receive the healthcare support they need, reinforcing the mission of mutual benefit and care within the community.




This information is meant to be a general summary of Sheet Metal Workers Union Local 38 Insurance And 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
$14,162,757 (2022)
Expenses
$12,690,178 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $529,704
  • Program Service Revenue: $12,723,413
  • Gross Receipts: $15,452,764

Assets and Liabilities:

  • Total Assets: $15,766,327
  • Total Liabilities: $1,725,384
  • Net Assets: $14,040,943

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$8,822,326

PARTICIPANT CONTRIBUTIONS

Revenue

$3,901,087

Organization Details

Founding Year

1948

Principal Officer

Richard P Pagano

Main Address

38 STARR RIDGE ROAD, BREWSTER, NY, 10509

NTEE Category

Code: Y40 - Mutual benefit

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