Overview
What is Steamfitters' Industry Educational Fund?
Steamfitters' Industry Educational Fund is a nonprofit organization dedicated to offering various employee benefit programs to the active and retired members of Steamfitters Local 638, along with their families and beneficiaries. These programs encompass both the Construction and Metal Trades Branches of Local 638. The organization, established under the Taft Hartley Act of 1947, has several funds: two defined benefit pension plans, two health and welfare funds, a security benefit fund, a vacation plan, and two educational funds. The primary purpose of the Fund is to accumulate funds to finance and support the maintenance and supervision of apprentice and post-apprentice training programs for its members, ensuring their continuous professional development.
Official website here: www.steamfitters.com
Is Steamfitters' Industry Educational Fund legitimate?
Steamfitters' Industry Educational Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Steamfitters' Industry Educational 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: $189,198
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,275
For more financial information, click here
Official website here: www.steamfitters.com
What is the mission statement of Steamfitters' Industry Educational Fund?
The Steamfitters' Industry Educational Fund is an employee welfare benefit establishment with a mission to amass resources for the payment of apprentice and post-apprentice training program maintenance and supervision costs. This fund serves to enhance the skills and capabilities of its members, contributing to their professional growth and development. The Fund's activities are geared towards providing financial support for the effective execution and management of these training programs, ensuring the continuous development of the workforce in the industry.
Official website here: www.steamfitters.com
Who is the CEO of Steamfitters' Industry Educational Fund?
Daniel Mulligan is the Trustee of Steamfitters' Industry Educational Fund.
Official website here: www.steamfitters.com
What is the revenue of Steamfitters' Industry Educational Fund?
Steamfitters' Industry Educational Fund's revenue in 2022 was $3,410,897.
Official website here: www.steamfitters.com
Who are the executives of Steamfitters' Industry Educational Fund and what are their salaries?
The average compensation at Steamfitters' Industry Educational Fund during 2022 was $23,498. There are 17 employees at Steamfitters' Industry Educational Fund.
Here are 17 key members and their salaries:
- Compensation: $42,773
- Related: $384,953
- Other: $47,866
- Compensation: $121,618
- Related: $121,618
- Other: $64,837
- Compensation: $14,608
- Related: $194,079
- Other: $45,884
- Compensation: $10,199
- Related: $193,790
- Other: $45,884
- Compensation: $180,717
- Related: $0
- Other: $55,283
- Compensation: $178,468
- Related: $0
- Other: $55,283
- Compensation: $173,918
- Related: $0
- Other: $55,283
- Compensation: $160,988
- Related: $0
- Other: $55,283
- Compensation: $8,901
- Related: $169,124
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.steamfitters.com
Where can I find the form 990 for Steamfitters' Industry Educational Fund?
Steamfitters' Industry Educational 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 Educational Fund
The Steamfitters' Industry Educational Fund is an employee welfare benefit establishment with a specific mission. Its primary objective is to collect funds aimed at covering the expenses associated with maintaining and overseeing apprentice and post-apprentice training programs for its members. By accumulating these resources, the Fund ensures that its members have access to comprehensive and high-quality training programs, which are crucial for their professional development and success in the steamfitting industry. This mission aligns with the Fund's goal of supporting the ongoing education and skill enhancement of its members, thereby contributing to their long-term career growth and success.
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Impact
October, 2024
The Steamfitters' Industry Educational Fund significantly impacts the workforce by providing essential training programs for apprentices and post-apprentices in the steamfitting trade. By funding the costs associated with maintenance and supervision of these educational initiatives, the Fund ensures that members have access to high-quality training, which enhances their skills and employability.
This commitment to education directly benefits the members of Steamfitters’ Local 638 and fosters a higher standard of craftsmanship within the industry. As a result, both active and retired members, as well as their dependents and beneficiaries, receive extensive support through various employee benefit programs. These include pension plans, health and welfare funds, and additional resources that contribute to the overall well-being and professional growth of the workforce. Ultimately, the Fund strengthens the economic stability of the community it serves by investing in the development of skilled professionals in the steamfitting trade.
This information is meant to be a general summary of Steamfitters' Industry Educational 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: $665,879
- Program Service Revenue: $2,687,385
- Gross Receipts: $3,410,897
Assets and Liabilities:
- Total Assets: $25,496,285
- Total Liabilities: $3,732,100
- Net Assets: $21,764,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$2,687,385
Organization Details
Founding Year
1960
Phone
(212) 465-8888Principal Officer
Daniel Mulligan
Main Address
27-08 40th Avenue 2nd fl, Long Island City, NY, 111013725
Website
www.steamfitters.comNTEE Category
Code: Y40 - Mutual benefit
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