Laborers Intl Union Of Na Local 754 Welfare Fund

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

EIN: 131895923 ✦ Chestnut ridge, NY ✦ Designated as a 501(c)(9)

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Overview

What is Laborers Intl Union Of Na Local 754 Welfare Fund?

The Laborers International Union of North America Local 754 Welfare Fund is a nonprofit organization situated in Chestnut Ridge, New York. With a single employee, this organization offers a multiemployer plan that provides participants and their eligible dependents with medical, life insurance, savings, and educational benefits. The mission of Laborers International Union of North America Local 754 Welfare Fund is to ensure the well-being of its members, offering health and welfare, savings, and educational benefits to enrich their lives.

Is Laborers Intl Union Of Na Local 754 Welfare Fund legitimate?

Laborers Intl Union Of Na Local 754 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers Intl Union Of Na Local 754 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: $73,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,466

For more financial information, click here

What is the mission statement of Laborers Intl Union Of Na Local 754 Welfare Fund?

The Laborers International Union of North America Local 754 Welfare Fund's mission is centered around providing health and welfare, savings, and educational benefits to its participating members and their eligible dependents. This is achieved through a multi-employer plan, which offers medical coverage, life insurance, savings opportunities, and educational assistance. The fund's objective is to enhance the well-being of its members and their families, thereby ensuring a comprehensive support system.

Who is the CEO of Laborers Intl Union Of Na Local 754 Welfare Fund?

Stephen Reich is the Trustee of Laborers Intl Union Of Na Local 754 Welfare Fund.

What is the revenue of Laborers Intl Union Of Na Local 754 Welfare Fund?

Laborers Intl Union Of Na Local 754 Welfare Fund's revenue in 2022 was $4,822,249.

Who are the executives of Laborers Intl Union Of Na Local 754 Welfare Fund and what are their salaries?

The average compensation at Laborers Intl Union Of Na Local 754 Welfare Fund during 2022 was $100,159. There is 1 employee at Laborers Intl Union Of Na Local 754 Welfare Fund.


Here are 5 key members and their salaries:


Stephen Reich (Trustee)
  • Compensation: $0
  • Related: $216,340
  • Other: $52,520
Kenneth Lewis (Trustee)
  • Compensation: $19,587
  • Related: $88,633
  • Other: $52,520
John Cooney Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Seidman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincenza Quinlan (Fund Manager)
  • Compensation: $54,106
  • Related: $52,109
  • Other: $47,817
Where can I find the form 990 for Laborers Intl Union Of Na Local 754 Welfare Fund?

Laborers Intl Union Of Na Local 754 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Laborers Intl Union Of Na Local 754 Welfare Fund

The Laborers International Union of North America Local 754 Welfare Fund is dedicated to providing a range of benefits to its participants and their eligible dependents. This nonprofit organization's mission is centered around offering health and welfare, savings, and educational benefits under a multiemployer plan. By doing so, they aim to enhance the well-being and future prospects of their members, ensuring they have access to essential medical care, life insurance, and savings opportunities. Furthermore, the Welfare Fund also provides educational benefits, contributing to the personal growth and development of its participants.

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Impact




October, 2024

The Laborers Intl Union Of Na Local 754 Welfare Fund plays a vital role in enhancing the well-being of its participants and their eligible dependents by offering comprehensive health and welfare benefits. Through its multiemployer plan, it provides crucial services such as medical coverage and life insurance. Additionally, it fosters financial security and future planning through savings benefits, while promoting educational opportunities. This support not only alleviates financial burdens for families but also contributes to their overall quality of life, ensuring access to necessary healthcare and educational resources. By prioritizing the welfare of its members, the Fund strengthens the community and empowers individuals to thrive in their personal and professional lives.




This information is meant to be a general summary of Laborers Intl Union Of Na Local 754 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
$4,822,249 (2022)
Expenses
$4,063,191 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $201,393
  • Program Service Revenue: $4,596,129
  • Gross Receipts: $17,047,309

Assets and Liabilities:

  • Total Assets: $16,502,982
  • Total Liabilities: $850,304
  • Net Assets: $15,652,678

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Programs

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

EMPLOYERS' CONTRIBUTIONS

Revenue

$4,390,512

PARTICIPANTS' SELF INSURED CONTRI

Revenue

$205,617

Organization Details

Founding Year

1955

Principal Officer

Stephen Reich

Main Address

215 OLD NYACK TURNPIKE, CHESTNUT RIDGE, NY, 10977

NTEE Category

Code: Y40 - Mutual benefit

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