Local 272 Welfare Fund

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

EIN: 135555808 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Local 272 Welfare Fund?

Local 272 Welfare Fund is a nonprofit organization situated in New York, specifically at 220 East 23rd Street, 805. With a team of nine dedicated individuals, the Fund's primary mission is to extend health and associated benefits to eligible union members and their dependents. The organization's activities revolve around providing these crucial services, ensuring the well-being of its union members and their families.

Is Local 272 Welfare Fund legitimate?

Local 272 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 272 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: $899,659

For more financial information, click here

What is the mission statement of Local 272 Welfare Fund?

The Local 272 Welfare Fund is committed to extending health and related benefits to eligible union members and their dependents. This mission is aimed at ensuring the well-being of union members and their families. The fund prioritizes the provision of these essential benefits, enhancing their overall quality of life. Through its efforts, the Local 272 Welfare Fund plays a crucial role in safeguarding the health and welfare of the eligible union community.

Who is the CEO of Local 272 Welfare Fund?

Fred Alston is the Trustee of Local 272 Welfare Fund.

What is the revenue of Local 272 Welfare Fund?

Local 272 Welfare Fund's revenue in 2022 was $34,791,395.

Who are the executives of Local 272 Welfare Fund and what are their salaries?

The average compensation at Local 272 Welfare Fund during 2022 was $99,962. There are 9 employees at Local 272 Welfare Fund.


Here are 9 key members and their salaries:


Fred Alston (Trustee)
  • Compensation: $0
  • Related: $227,920
  • Other: $29,414
Joseph Mattesi (Trustee)
  • Compensation: $0
  • Related: $225,120
  • Other: $23,406
Matthew Bruccoleri (Trustee)
  • Compensation: $0
  • Related: $230,720
  • Other: $28,364
Gordon Hamm (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Howard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Rosenblatt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc A Goodman (Fund Manager)
  • Compensation: $382,865
  • Related: $0
  • Other: $22,039
Maria Banchs (Assist. Fund Manager)
  • Compensation: $197,143
  • Related: $0
  • Other: $22,039
Carolyn Echols (Claim Examiner)
  • Compensation: $123,661
  • Related: $0
  • Other: $22,039
Where can I find the form 990 for Local 272 Welfare Fund?

Local 272 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 272 Welfare Fund

Local 272 Welfare Fund is a nonprofit organization that is dedicated to extending health and related benefits to eligible union members and their dependents. This mission is at the heart of Local 272 Welfare Fund's purpose and driving force.

By providing these essential benefits, the Fund aims to support the wellbeing of the union members and their families. The organization's activities focus on promoting the physical and emotional health of its beneficiaries, ensuring they have access to necessary medical services and resources.

Local 272 Welfare Fund's commitment to its members goes beyond just health coverage. It strives to offer a comprehensive range of benefits tailored to the needs of the union community. This holistic approach enables the Fund to make a significant impact on the overall well-being and quality of life of its members.

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Impact




October, 2024

Local 272 Welfare Fund significantly enhances the well-being of eligible union members and their dependents by providing essential health and related benefits. Located in New York, the fund ensures that members have access to comprehensive healthcare services, which contributes to improved health outcomes and financial security. By supporting members in this way, the fund plays a crucial role in fostering a healthier workforce, ultimately benefiting both individual families and the community at large. This commitment to health and wellness not only strengthens the union but also promotes solidarity and mutual support among members.




This information is meant to be a general summary of Local 272 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
$34,791,395 (2022)
Expenses
$21,873,676 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$299,259
  • Program Service Revenue: $35,090,654
  • Gross Receipts: $58,561,455

Assets and Liabilities:

  • Total Assets: $33,709,724
  • Total Liabilities: $4,628,786
  • Net Assets: $29,080,938

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$35,081,549

COBRA CONTRIBUTIONS

Revenue

$9,105

Organization Details

Founding Year

1951

Principal Officer

Fred Alston

Main Address

220 EAST 23RD STREET 805, NEW YORK, NY, 10010

NTEE Category

Code: Y40 - Mutual benefit

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