Iron Workers Local 40 & 361 Topping Out Out Fund

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

EIN: 133156507 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Iron Workers Local 40 & 361 Topping Out Out Fund?

The Iron Workers Local 40 & 361 Topping Out Out Fund is a nonprofit organization located in New York, specifically at 451 Park Avenue South in New York City, New York 10016. Its primary mission is to offer supplemental unemployment, death, disability, and unreimbursed medical expense benefits to its members. By providing these essential services, the organization ensures financial support for its participants during challenging times.


Official website here: www.ironworkers.net

What are the reviews and ratings of this charity?

The Iron Workers Local 40 & 361 Topping Out Fund is not currently rated by Charity Navigator. This is primarily due to the organization's classification, as it is not registered as a 501(c)(3) nonprofit with the IRS, which limits its eligibility for evaluation under Charity Navigator's current methodologies.

Charity Navigator notes that historical ratings may not adequately reflect this organization's performance under newer, more comprehensive standards, such as Leadership & Adaptability or Culture & Community. It's important to understand that the absence of a rating does not convey a negative or positive stance, but rather reflects its ineligibility under their system due to its non-501(c)(3) status.

There is no financial data, including revenue, expenses, or salary information, available on Charity Navigator for Iron Workers Local 40 & 361 Topping Out Fund. This lack of fiscal transparency is primarily because the organization does not file Form 990 with the IRS as it is not a traditional charitable entity. No user reviews are available on GreatNonprofits at this time.


This AI summary has been generated from information found on Charity Navigator.

Is Iron Workers Local 40 & 361 Topping Out Out Fund legitimate?

Iron Workers Local 40 & 361 Topping Out Out Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Iron Workers Local 40 & 361 Topping Out Out 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: $190,993

For more financial information, click here


Official website here: www.ironworkers.net

What is the mission statement of Iron Workers Local 40 & 361 Topping Out Out Fund?

The Iron Workers Local 40 & 361 Topping Out Out Fund is committed to offering supplemental benefits to its members. This inclusive program provides coverage for unemployment, disability, death, and unreimbursed medical expenses. Through these offerings, the fund aims to alleviate financial burdens and provide peace of mind to its participants during challenging times. The fund's mission has been successful, as it has enabled the payment of death, disability, unemployment, and medical expense benefits to its members. The fund's primary goal is to ensure its members are financially supported throughout various life circumstances.


Official website here: www.ironworkers.net

Who is the CEO of Iron Workers Local 40 & 361 Topping Out Out Fund?

Brian Sabbagh is the Union Trustee of Iron Workers Local 40 & 361 Topping Out Out Fund.


Official website here: www.ironworkers.net

What is the revenue of Iron Workers Local 40 & 361 Topping Out Out Fund?

Iron Workers Local 40 & 361 Topping Out Out Fund's revenue in 2022 was $58,496,866.


Official website here: www.ironworkers.net

Who are the executives of Iron Workers Local 40 & 361 Topping Out Out Fund and what are their salaries?


Here are 26 key members and their salaries:


Daniel Doyle (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Walsh (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Walsh (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gaydos (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cush (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Bidosky (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Flynn (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Alan Seidman (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lucas (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Samela (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Weiss (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Teutul (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Deblasie (Union Trustee)
  • Compensation: $0
  • Related: $106,907
  • Other: $128,659
Steve Isaacson (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Chartrand (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Eisgruber (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew P Stoddard (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Sabbagh (Fund Manager)
  • Compensation: $0
  • Related: $227,489
  • Other: $128,659
John J Delaney (Employee)
  • Compensation: $0
  • Related: $197,212
  • Other: $128,659
Elsie O'Neil (Employee)
  • Compensation: $0
  • Related: $182,627
  • Other: $128,659
Jim Dufficy (Employee)
  • Compensation: $0
  • Related: $182,928
  • Other: $128,659
Lucia D Bauknight (Employee)
  • Compensation: $0
  • Related: $167,401
  • Other: $128,659
Ian Chan (Employee)
  • Compensation: $0
  • Related: $187,667
  • Other: $128,659
Doreen Stennett (Employee)
  • Compensation: $0
  • Related: $131,248
  • Other: $128,659
Garrent Leung (Employee)
  • Compensation: $0
  • Related: $110,565
  • Other: $128,659
Kevin Cush (Employee)
  • Compensation: $0
  • Related: $110,002
  • Other: $128,659


Official website here: www.ironworkers.net

Where can I find the form 990 for Iron Workers Local 40 & 361 Topping Out Out Fund?

Iron Workers Local 40 & 361 Topping Out Out Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ironworkers.net

Learn more at the official website: www.ironworkers.net

Mission Statement of Iron Workers Local 40 & 361 Topping Out Out Fund

Iron Workers Local 40 & 361 Topping Out Out Fund is a mission-driven organization designed to provide essential benefits to its members. This fund offers supplemental unemployment, death, disability, and unreimbursed medical expense benefits to those in need.

In detail, the Iron Workers Local 40 & 361 Topping Out Out Fund serves as a vital safety net for its participants. It ensures financial support during challenging times by providing death benefits, disability benefits, and unemployment benefits. Moreover, the fund extends its reach to cover unreimbursed medical expenses, bringing added relief to its members when they need it most.

By offering these benefits, Iron Workers Local 40 & 361 Topping Out Out Fund plays a significant role in promoting stability and peace of mind for its members. In times of hardship, whether it be due to a sudden illness or an unexpected job loss, the fund steps in to provide much-needed financial assistance, empowering its members to focus on recovery and regaining their footing.

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Impact




October, 2024

Iron Workers Local 40 & 361 Topping Out Fund plays a crucial role in supporting its members through various life challenges. By providing supplemental benefits for unemployment, death, disability, and unreimbursed medical expenses, the fund helps to ensure that iron workers in New York have a safety net during difficult times. This financial assistance not only alleviates immediate economic pressures but also contributes to the overall welfare and stability of the community of workers.

The impacts of the fund are particularly significant during periods of job loss or health-related issues, where traditional safety nets may fall short. Through this support, members can focus on recovery and transitions rather than being overwhelmed by financial burdens. Additionally, by addressing critical needs such as healthcare costs, the fund helps maintain the health and well-being of its members, leading to a more resilient workforce.

Overall, the Iron Workers Local 40 & 361 Topping Out Fund enhances the quality of life for its participants, fostering a sense of security and mutual benefit within the community.




This information is meant to be a general summary of Iron Workers Local 40 & 361 Topping Out Out 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
$58,496,866 (2022)
Expenses
$50,099,711 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $12,575,735
  • Program Service Revenue: $45,921,131
  • Gross Receipts: $234,989,445

Assets and Liabilities:

  • Total Assets: $290,630,517
  • Total Liabilities: $1,680,384
  • Net Assets: $288,950,133

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Programs

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

EMPLOYERS CONTRIBUTIONS

Revenue

$45,921,131

Organization Details

Founding Year

1985

Principal Officer

Brian Sabbagh

Main Address

451 PARK AVE SOUTH, NEW YORK, NY, 10016

NTEE Category

Code: Y40 - Mutual benefit

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