United Wire Metal & Machine Health & Welfare Fund

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

EIN: 135608135 ✦ Long island city, NY ✦ Designated as a 501(c)(9)

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Overview

What is United Wire Metal & Machine Health & Welfare Fund?

The United Wire Metal & Machine Health & Welfare Fund is a nonprofit organization based in Long Island City, New York, with an approximate 19-strong workforce. This organization offers health and welfare benefits to eligible participants, serving approximately 2,500 individuals. Their mission encompasses providing hospital, medical, surgical, dental, optical, disability, death, and prescription drug benefits to those who qualify, along with their dependents.

What are the reviews and ratings of this charity?

The United Wire Metal & Machine Health & Welfare Fund is currently not rated by Charity Navigator. This is primarily due to its status as an organization that is not registered under the IRS 501(c)(3) criteria, a prerequisite for evaluation under Charity Navigator’s methodologies, which include Accountability & Finance, Impact & Measurement, and Culture & Community assessments.

The absence of a rating should not be interpreted as an adverse reflection of its operations, as it simply indicates that the organization has not been comprehensively evaluated by the available metrics of Charity Navigator. Historical assessments were based on a limited scope of Accountability and Finance, rather than the broader criteria now required, such as Leadership & Adaptability.

Due to a lack of IRS 501(c)(3) registration, there is no available data on its total revenues, expenses, or salaries of key persons, which are typical components of Charity Navigator's ratings. Furthermore, no user reviews from GreatNonprofits are available, meaning there is no additional insight into public perception or stakeholder experiences for the organization.


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

Is United Wire Metal & Machine Health & Welfare Fund legitimate?

United Wire Metal & Machine Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. United Wire Metal & Machine Health & 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: $251,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,486,464

For more financial information, click here

What is the mission statement of United Wire Metal & Machine Health & Welfare Fund?

The United Wire Metal & Machine Health & Welfare Fund is committed to providing essential health and welfare benefits to eligible participants and their dependents. The organization's mission is to ensure eligible individuals have access to hospital, medical, surgical, dental, optical, disability, death, and prescription drug benefits. With approximately 2,500 individuals serviced, the fund aims to enhance their well-being and overall quality of life by addressing their healthcare needs.

Who is the CEO of United Wire Metal & Machine Health & Welfare Fund?

Lorraine Buonacore is the Union Trustee of United Wire Metal & Machine Health & Welfare Fund.

What is the revenue of United Wire Metal & Machine Health & Welfare Fund?

United Wire Metal & Machine Health & Welfare Fund's revenue in 2022 was $36,903,242.

Who are the executives of United Wire Metal & Machine Health & Welfare Fund and what are their salaries?

The average compensation at United Wire Metal & Machine Health & Welfare Fund during 2022 was $91,478. There are 19 employees at United Wire Metal & Machine Health & Welfare Fund.


Here are 10 key members and their salaries:


Michael Smith (Union Trustee)
  • Compensation: $0
  • Related: $209,884
  • Other: $37,640
Donna Santoro (Union Trustee)
  • Compensation: $0
  • Related: $203,646
  • Other: $37,640
Thomas Feeley (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Ajalat (Employer Trustee)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Roy Barnes (Employer Trustee)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Lorraine Buonacore (Administrator)
  • Compensation: $200,883
  • Related: $0
  • Other: $35,730
Rosanna Furio (Fund Manager)
  • Compensation: $201,565
  • Related: $0
  • Other: $44,140
Francesco Licari (Benefits Clerk)
  • Compensation: $102,418
  • Related: $0
  • Other: $44,140
Mark Pepgjonaj (Maintenance Supervisor)
  • Compensation: $117,646
  • Related: $0
  • Other: $29,284
Wanda Lozano (Reception/Office Manager)
  • Compensation: $124,207
  • Related: $0
  • Other: $25,238
Where can I find the form 990 for United Wire Metal & Machine Health & Welfare Fund?

United Wire Metal & Machine Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of United Wire Metal & Machine Health & Welfare Fund

The United Wire Metal & Machine Health & Welfare Fund is a mission-driven organization dedicated to delivering essential health and welfare benefits to eligible participants and their dependents. Its core objective is to provide hospital, medical, surgical, dental, optical, disability, death, and prescription drug benefits. By doing so, the Fund ensures that those it serves have access to vital healthcare services, enabling them to maintain their well-being and live healthy, fulfilling lives. With a focus on improving the health and quality of life for approximately 2,500 individuals, the Fund plays a crucial role in addressing the healthcare needs of its community.

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Impact




October, 2024

The United Wire Metal & Machine Health & Welfare Fund significantly impacts the lives of approximately 2,500 eligible participants and their dependents by providing essential health and welfare benefits. This includes comprehensive coverage for hospital, medical, surgical, dental, optical, disability, death, and prescription drug benefits. By addressing various health needs, the Fund helps participants maintain their well-being and financial stability in times of medical need, thus enhancing the overall quality of life for individuals and families within the community. Its mission underscores the importance of accessible healthcare and support during critical moments, reinforcing a commitment to mutual benefit among its members.




This information is meant to be a general summary of United Wire Metal & Machine Health & 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
$36,903,242 (2022)
Expenses
$39,052,625 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,043,875
  • Program Service Revenue: $28,292,213
  • Gross Receipts: $52,463,802

Assets and Liabilities:

  • Total Assets: $88,674,787
  • Total Liabilities: $1,965,100
  • Net Assets: $86,709,687

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Programs

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

EMPLOYERS CONTRIBUTIONS

Revenue

$28,043,594

COBRA CONTRIBUTIONS

Revenue

$248,619

Organization Details

Founding Year

1953

Principal Officer

Lorraine Buonacore

Main Address

24-09 38TH AVENUE, LONG ISLAND CITY, NY, 11101

NTEE Category

Code: Y40 - Mutual benefit

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