Painting Industry Insurance Fund

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

EIN: 135600369 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Painting Industry Insurance Fund?

The Painting Industry Insurance Fund is a nonprofit organization headquartered in New York City. Its primary mission is to offer major medical, hospital, and various healthcare benefits, as well as vacation benefits, to around 6,114 eligible participants. These individuals are members of IUPAT, AFL-CIO, District Council No. 9, and its affiliated local unions within the painting industry. The fund, with a workforce of 32 employees, focuses on improving the well-being of its members by providing comprehensive healthcare coverage and vacation benefits.

Is Painting Industry Insurance Fund legitimate?

Painting Industry Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Painting Industry Insurance 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: $2,030,537

For more financial information, click here

What is the mission statement of Painting Industry Insurance Fund?

The Painting Industry Insurance Fund is committed to providing significant medical, hospital, and various healthcare benefits, in addition to vacation benefits, to approximately 6,114 eligible participants. These individuals are members of IUPAT, AFL-CIO, District Council No. 9, and its affiliated local unions. The fund's mission centers around extending essential healthcare and vacation benefits to its union members.

Who is the CEO of Painting Industry Insurance Fund?

Joseph Azzopardi is the Employer Trustee of Painting Industry Insurance Fund.

What is the revenue of Painting Industry Insurance Fund?

Painting Industry Insurance Fund's revenue in 2022 was $118,604,476.

Who are the executives of Painting Industry Insurance Fund and what are their salaries?

The average compensation at Painting Industry Insurance Fund during 2022 was $63,454. There are 32 employees at Painting Industry Insurance Fund.


Here are 29 key members and their salaries:


Jed Coldon (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Roth (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Speziale (Union Trustee)
  • Compensation: $0
  • Related: $162,510
  • Other: $85,007
Todd Helfrich (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Pearlman (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Ruinsky (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Azzopardi (Union Trustee)
  • Compensation: $0
  • Related: $374,180
  • Other: $155,729
Radomir Jelcic (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Nugent (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Gisondi (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Haber (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Cafiero (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kieran Ahern (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dino Erbeli (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Drew (Union Trustee)
  • Compensation: $0
  • Related: $218,616
  • Other: $129,518
John Caruso (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Henshaw (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Eck (Union Trustee)
  • Compensation: $0
  • Related: $112,857
  • Other: $81,104
Nicholas Milazzo (Union Trustee)
  • Compensation: $0
  • Related: $200,458
  • Other: $103,088
Kyle Nugent (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Archie Erbeli (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Gaeta (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Brice (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Haber (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lloyd Goldenberg (Co-Fund Administrator)
  • Compensation: $63,378
  • Related: $50,481
  • Other: $58,396
Kevin Mcmenomy (Controller)
  • Compensation: $85,426
  • Related: $81,329
  • Other: $102,661
Salvatore Savarese (Fund Employee)
  • Compensation: $61,790
  • Related: $123,836
  • Other: $118,009
Aurelia Ciocoi (Fund Administrator)
  • Compensation: $125,971
  • Related: $62,171
  • Other: $129,176
Stacy Pecchia (Assistant Fund Administrator)
  • Compensation: $133,458
  • Related: $0
  • Other: $87,774
Where can I find the form 990 for Painting Industry Insurance Fund?

Painting Industry Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Painting Industry Insurance Fund

The Painting Industry Insurance Fund, a prominent organization under the aegis of IUPAT, AFL-CIO, and District Council No. 9, along with its affiliated local unions, is committed to delivering substantial medical, hospital, and other healthcare benefits, as well as vacation benefits, to around 6,114 eligible participants. In simpler terms, this nonprofit entity ensures the well-being of its members by providing them with essential healthcare services and rejuvenating vacation opportunities. The Painting Industry Insurance Fund's mission is twofold: first, it prioritizes the health and well-being of its members by offering comprehensive healthcare packages, and second, it enhances their quality of life by granting vacation benefits, ultimately fostering a strong sense of support and community among its members.

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Impact




October, 2024

The Painting Industry Insurance Fund significantly enhances the wellbeing of approximately 6,114 eligible participants who are members of the IUPAT, AFL-CIO, District Council No. 9, and its affiliated local unions. By providing major medical, hospital, and other healthcare benefits, it ensures that workers have access to essential health services, which can lead to improved health outcomes and peace of mind for them and their families. Additionally, the availability of vacation benefits contributes to a healthier work-life balance, promoting overall job satisfaction and productivity among union members. The Fund plays a crucial role in safeguarding the health and financial stability of its members, thereby fostering a more secure and robust workforce within the painting industry.




This information is meant to be a general summary of Painting Industry Insurance 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
$118,604,476 (2022)
Expenses
$113,412,293 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,262,086
  • Program Service Revenue: $111,545,352
  • Gross Receipts: $128,581,079

Assets and Liabilities:

  • Total Assets: $174,883,059
  • Total Liabilities: $14,948,565
  • Net Assets: $159,934,494

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$110,216,270

RETIREE CONTRIBUTIONS

Revenue

$647,820

EMPLOYER LATE CHARGES

Revenue

$364,039

COBRA CONTRIBUTIONS

Revenue

$317,223

Organization Details

Founding Year

1948

Principal Officer

Joseph Azzopardi

Main Address

45 WEST 14TH STREET, NEW YORK, NY, 10011

NTEE Category

Code: Y40 - Mutual benefit

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