International Union Of Operating Engineers Local 137 Welfare Fund

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

EIN: 131739714 ✦ Briarcliff manor, NY ✦ Designated as a 501(c)(9)

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Overview

What is International Union Of Operating Engineers Local 137 Welfare Fund?

The International Union of Operating Engineers Local 137 Welfare Fund is a nonprofit organization based in Briarcliff Manor, New York, specifically located at 1360 Pleasanteville Road. Its primary mission is to provide health and other benefits for eligible participants, as stated in the given description. The organization, with a workforce of six individuals, aims to fulfill this purpose and contribute positively to the community.


Official website here: www.iuoelocal137.com/

Is International Union Of Operating Engineers Local 137 Welfare Fund legitimate?

International Union Of Operating Engineers Local 137 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Union Of Operating Engineers Local 137 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: $227,578
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,163

For more financial information, click here


Official website here: www.iuoelocal137.com/

What is the mission statement of International Union Of Operating Engineers Local 137 Welfare Fund?

The International Union Of Operating Engineers Local 137 Welfare Fund is committed to providing essential benefits to eligible participants. Its primary goal is to ensure the well-being of those who are part of the union by offering health and other crucial services. The fund aims to enhance the quality of life for its members by delivering a comprehensive range of benefits. The provision of these benefits is intended to support the overall health and wellness of the recipients, contributing to their overall well-being. By focusing on the health and welfare of its members, the International Union Of Operating Engineers Local 137 Welfare Fund plays a vital role in promoting their well-being and long-term security.


Official website here: www.iuoelocal137.com/

Who is the CEO of International Union Of Operating Engineers Local 137 Welfare Fund?

Jeffrey Loughlin is the Union Trustee of International Union Of Operating Engineers Local 137 Welfare Fund.


Official website here: www.iuoelocal137.com/

What is the revenue of International Union Of Operating Engineers Local 137 Welfare Fund?

International Union Of Operating Engineers Local 137 Welfare Fund's revenue in 2022 was $20,886,571.


Official website here: www.iuoelocal137.com/

Who are the executives of International Union Of Operating Engineers Local 137 Welfare Fund and what are their salaries?

The average compensation at International Union Of Operating Engineers Local 137 Welfare Fund during 2022 was $88,457. There are 6 employees at International Union Of Operating Engineers Local 137 Welfare Fund.


Here are 7 key members and their salaries:


Jeffrey Loughlin (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Sasso (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Miller (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lombardi (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Fante (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cooney (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Kostik (Fund Manager)
  • Compensation: $165,017
  • Related: $0
  • Other: $62,561


Official website here: www.iuoelocal137.com/

Where can I find the form 990 for International Union Of Operating Engineers Local 137 Welfare Fund?

International Union Of Operating Engineers Local 137 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iuoelocal137.com/

Learn more at the official website: www.iuoelocal137.com/

Mission Statement of International Union Of Operating Engineers Local 137 Welfare Fund

International Union Of Operating Engineers Local 137 Welfare Fund is a nonprofit organization dedicated to extending health and additional benefits to eligible participants. This philanthropic body's primary objective is to ensure the wellbeing of its members by providing essential services that enrich their lives.

The mission of International Union Of Operating Engineers Local 137 Welfare Fund is multifaceted. At its core, it's about delivering health benefits that foster better overall health and wellness for the eligible individuals. This mission is crucial in promoting a strong and thriving community within the organization.

Furthermore, the International Union Of Operating Engineers Local 137 Welfare Fund goes beyond just health benefits. Its scope encompasses a range of other benefits for the eligible participants. These additional offerings contribute to enhancing the quality of life for those who are part of this supportive community. By focusing on the health and wellbeing of its members, the organization demonstrates its commitment to fostering an environment that prioritizes the welfare of its people.

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Impact




October, 2024

The International Union Of Operating Engineers Local 137 Welfare Fund plays a critical role in enhancing the well-being of eligible participants by providing essential health and other benefits. Located in Briarcliff Manor, NY, the Fund addresses the pressing healthcare needs of its members, ensuring they have access to vital services that promote physical and mental health.

By offering health benefits, the Fund supports participants in navigating medical challenges, reducing financial burdens associated with healthcare expenses. This assistance not only improves individual health outcomes but also contributes to the overall stability and productivity of the workforce within the operating engineers community. The Welfare Fund’s mission to provide comprehensive support fosters a sense of security among its participants, which can lead to enhanced morale and performance in their professional lives. Ultimately, this initiative cultivates a healthier, more resilient community, reflecting the collective commitment to mutual benefit among its members.




This information is meant to be a general summary of International Union Of Operating Engineers Local 137 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
$20,886,571 (2022)
Expenses
$23,589,090 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$1,545,180
  • Program Service Revenue: $22,282,751
  • Gross Receipts: $59,495,296

Assets and Liabilities:

  • Total Assets: $32,122,929
  • Total Liabilities: $4,688,458
  • Net Assets: $27,434,471

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Programs

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

EMPLOYERS' CONTRIB

Revenue

$18,846,476

PARTICIPANTS' CONTRIB

Revenue

$3,436,275

Organization Details

Founding Year

1951

Principal Officer

Jeffrey Loughlin

Main Address

1360 PLEASANTVILLE ROAD, BRIARCLIFF MANOR, NY, 10510

NTEE Category

Code: Y40 - Mutual benefit

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