Overview
What is Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund?
Local 891 IUOE School Custodian and School Custodian Engineers Welfare Fund is a nonprofit organization situated in Brooklyn, New York, specifically at Brooklyn Navy Yard Building 292, 401. Its primary mission is to provide a range of welfare benefits to eligible participants and their dependents. These benefits encompass dental care, life insurance, vision support, prescription drug coverage, and other related services. The fund currently serves approximately 1,475 individuals. The organization is committed to ensuring these benefits are provided either through insured or self-insured mechanisms, as determined by the Board of Trustees within the fiscal means of the trust fund. The fund's operations and administration are carried out in accordance with the agreement and declaration of trust and comply with relevant laws and regulations.
Is Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund legitimate?
Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 891 Iuoe School Custodian And School Custodian Engineers 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund?
The Local 891 IUOE School Custodian and School Custodian Engineers Welfare Fund's primary objective is to offer welfare benefits to eligible participants. This is achieved by utilizing the funds for providing health and welfare benefits, such as life insurance, accidental death and dismemberment benefits, disability benefits, hospitalization, dental benefits, surgical and medical benefits. Additionally, the fund is used to cover the reasonable and necessary expenses of the trustees and the operation and administration of the fund, in accordance with the agreement and declaration of trust, and in compliance with the applicable laws and regulations. The benefits extend to eligible employees of the employer, as well as their families and dependents, with the ability for the Board of Trustees to determine the specifics from time to time, within the fiscal means of the trust fund.
Who is the CEO of Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund?
Richard Gorgoglione is the Trustee of Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund.
What is the revenue of Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund?
Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund's revenue in 2022 was $2,887,112.
Who are the executives of Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $33,143
- Other: $0
- Compensation: $0
- Related: $41,383
- Other: $7,262
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $33,143
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund?
Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 891 Iuoe School Custodian And School Custodian Engineers Welfare Fund
The Local 891 Iuoe School Custodian and School Custodian Engineers Welfare Fund is established with a mission to provide welfare benefits to eligible participants. The fund's purpose is multifaceted, encompassing the provision of various health and welfare benefits on an insured or self-insured basis. These benefits may include, but are not limited to, life insurance, accidental death and dismemberment benefits, disability benefits, hospitalization, dental benefits, surgical and medical benefits, and financing for the reasonable and necessary expenses of the trustees and the operation and administration of the fund. The board of trustees has the authority to determine eligibility and the scope of these benefits within the fiscal means of the trust fund, adhering to applicable laws and regulations.
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Impact
October, 2024
Local 891 IUOE School Custodian and School Custodian Engineers Welfare Fund plays a crucial role in enhancing the well-being of eligible participants and their families. By providing essential welfare benefits, the Fund significantly improves the quality of life for approximately 1,475 participants in Brooklyn, NY.
The benefits offered, which include dental, life insurance, vision, and prescription drug coverage, enable participants to access necessary medical services without the burden of excessive financial strain. This support translates to better health outcomes and a sense of security for custodians and their dependents.
Moreover, the Fund's comprehensive approach to health and welfare benefits, which also encompasses disability benefits, hospitalization, and accidental death benefits, ensures that custodians are protected in various circumstances, fostering a more stable and secure working environment. The commitment to financing these benefits reflects a dedication to meeting the needs of participants while also adhering to the fiscal responsibilities outlined by the Board of Trustees. Ultimately, the Fund strengthens the community by prioritizing the health and welfare of those who maintain and support our schools.
This information is meant to be a general summary of Local 891 Iuoe School Custodian And School Custodian Engineers 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: $506,614
- Program Service Revenue: $2,380,183
- Gross Receipts: $5,495,446
Assets and Liabilities:
- Total Assets: $7,631,362
- Total Liabilities: $107,726
- Net Assets: $7,523,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,367,557
PARTICIPANT COBRA CONTRIBUTIONS
Revenue
$12,626
Organization Details
Founding Year
1969
Phone
(718) 455-9731Principal Officer
Richard Gorgoglione
Main Address
BROOKLYN NAVY YARD BLDG 292 401, BROOKLYN, NY, 11205
NTEE Category
Code: Y40 - Mutual benefit
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