Overview
What is Afl-Cio Mutual Benefit Fund?
Afl-Cio Mutual Benefit Fund is a nonprofit organization situated in Washington D.C., specifically at 1100 First Street NE 850. Their primary mission is to offer assistance to members of unions and affiliated organizations under the AFL-CIO umbrella. This assistance encompasses providing hardship grants, interest-free mortgage loans, and insurance coverage. Their aim is to alleviate financial burdens and offer essential support during challenging times for their beneficiaries.
Is Afl-Cio Mutual Benefit Fund legitimate?
Afl-Cio Mutual Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Afl-Cio Mutual Benefit 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 Afl-Cio Mutual Benefit Fund?
The AFL-CIO Mutual Benefit Fund's mission is centered around providing aid to members of unions and affiliated organizations. They offer hardship grants, interest-free mortgage loans, and insurance coverage as part of their service. In times of need, eligible participants can benefit from their interest-free mortgage loan assistance and hardship assistance programs. The fund also provides various insurance benefits to its members.
Who is the CEO of Afl-Cio Mutual Benefit Fund?
Paul Whitehead is the Trustee of Afl-Cio Mutual Benefit Fund.
What is the revenue of Afl-Cio Mutual Benefit Fund?
Afl-Cio Mutual Benefit Fund's revenue in 2022 was $2,587,438.
Who are the executives of Afl-Cio Mutual Benefit Fund and what are their salaries?
Here are 6 key members and their salaries:
- 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
Where can I find the form 990 for Afl-Cio Mutual Benefit Fund?
Afl-Cio Mutual Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Afl-Cio Mutual Benefit Fund
The AFL-CIO Mutual Benefit Fund is committed to extending aid to its members, who are affiliated with unions and organizations associated with the AFL-CIO. This nonprofit organization fulfills its mission by providing three primary forms of assistance: hardship grants, interest-free mortgage loans, and insurance coverage. The hardship grants are designed to support eligible participants during challenging times, while the interest-free mortgage loan assistance helps eligible individuals overcome financial difficulties related to housing. Additionally, the fund offers insurance benefits to protect its members from various uncertainties, ensuring they have peace of mind in case of unforeseen circumstances.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Afl-Cio Mutual Benefit Fund significantly impacts members of unions and organizations affiliated with the AFL-CIO by offering essential financial support and resources during challenging times. Through hardship grants, it alleviates immediate financial burdens faced by individuals in distress. The interest-free mortgage loans provide a path to homeownership without the added pressure of interest payments, making housing more accessible for union members. Additionally, the insurance coverage available through the fund ensures that members have protection against unforeseen circumstances, further promoting financial stability. Overall, the Fund plays a crucial role in enhancing the well-being and security of its members, fostering a sense of community and support within the labor movement.
This information is meant to be a general summary of Afl-Cio Mutual Benefit 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: $1,952,994
- Program Service Revenue: $556,700
- Gross Receipts: $6,349,075
Assets and Liabilities:
- Total Assets: $39,500,557
- Total Liabilities: $371,367
- Net Assets: $39,129,190
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$541,700
HARDSHIP ASSISTANCE
Revenue
$15,000
Organization Details
Founding Year
2001
Phone
(202) 778-9815Principal Officer
Paul Whitehead
Main Address
1100 FIRST STREET NE 850, WASHINGTON, DC, 20002
NTEE Category
Code: Y23 - Mutual benefit
If you are a representative of Afl-Cio Mutual Benefit Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.