Overview
What is Electrical Workers Death Benefit Society?
The Electrical Workers Death Benefit Society, situated in Flushing, New York, is a nonprofit organization primarily focused on providing death benefits to approximately 840 beneficiaries and dependents of members of Local Union No. 3, IBEW. Its mission is to offer financial support in the event of a member's demise, ensuring support for their loved ones during challenging times. The society's objective is to serve as a safety net, ensuring that the deceased member's family receives the necessary financial assistance.
Is Electrical Workers Death Benefit Society legitimate?
Electrical Workers Death Benefit Society is a legitimate nonprofit organization registered as a 501(c)(5) entity. Electrical Workers Death Benefit Society 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.
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Other Salaries and Wages: $56,500
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What is the mission statement of Electrical Workers Death Benefit Society?
The Electrical Workers Death Benefit Society's mission is to serve its members by providing death benefits to their beneficiaries and dependents. Established with the objective of offering financial support during times of tragedy, the society has fulfilled this role by delivering death benefits to approximately 840 beneficiaries and dependents of Local Union No. 3, IBEW. By offering this service, the Electrical Workers Death Benefit Society aims to alleviate some of the financial burdens faced by the families of deceased members, providing them with a sense of security and support during difficult times.
Who is the CEO of Electrical Workers Death Benefit Society?
Thomas J Cleary is the President & Director of Electrical Workers Death Benefit Society.
What is the revenue of Electrical Workers Death Benefit Society?
Electrical Workers Death Benefit Society's revenue in 2022 was $4,343,271.
Who are the executives of Electrical Workers Death Benefit Society and what are their salaries?
Here are 24 key members and their salaries:
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Where can I find the form 990 for Electrical Workers Death Benefit Society?
Electrical Workers Death Benefit Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Electrical Workers Death Benefit Society
The Electrical Workers Death Benefit Society, as its name suggests, is an organization with a mission to extend financial support in the form of death benefits to the beneficiaries and dependents of its members. Specifically, this society is dedicated to serving the members of Local Union No. 3, IBEW. The primary objective of the Electrical Workers Death Benefit Society is to provide a safety net for the loved ones of its members in the event of their passing. Over the years, the society has fulfilled this mission by offering death benefits to approximately 840 beneficiaries and dependents of its members.
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Impact
October, 2024
The Electrical Workers Death Benefit Society plays a crucial role in providing financial support to the families of its members who have passed away. By offering death benefits, the Society has positively impacted approximately 840 beneficiaries and dependents of Local Union No. 3, IBEW, ensuring that these families receive necessary financial assistance during a difficult time. This assistance not only alleviates some of the immediate financial burdens associated with loss but also serves as a stabilizing factor for those left behind, allowing them to navigate their grief with a greater sense of security. Through its focused mission, the Society reinforces the importance of community and mutual support among workers and their families, contributing to a culture of care and solidarity within the electrical trade.
This information is meant to be a general summary of Electrical Workers Death Benefit Society. 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: $3,627,060
- Program Service Revenue: $716,211
- Gross Receipts: $49,393,103
Assets and Liabilities:
- Total Assets: $58,451,024
- Total Liabilities: $2,895,527
- Net Assets: $55,555,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$716,211
Organization Details
Founding Year
1940
Phone
(718) 591-4400Principal Officer
Thomas J Cleary
Main Address
158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY, 11365
NTEE Category
Code: Y40 - Mutual benefit
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