Boilermakers Local Lodge No 5 Welfare F

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

EIN: 136121371 ✦ Floral park, NY ✦ Designated as a 501(c)(9)

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Overview

What is Boilermakers Local Lodge No 5 Welfare F?

Boilermakers Local Lodge No 5 Welfare F is a nonprofit organization situated in Floral Park, New York, specifically at 24 Van Siclen Avenue. Its main mission is to offer life insurance coverage to both active and retired participants. This welfare fund operates based on contributions received from employers, as outlined in the collective bargaining agreements. The primary objective of Boilermakers Local Lodge No 5 Welfare F is to ensure financial security and peace of mind for its members during different stages of their careers.

Is Boilermakers Local Lodge No 5 Welfare F legitimate?

Boilermakers Local Lodge No 5 Welfare F is a legitimate nonprofit organization registered as a 501(c)(9) entity. Boilermakers Local Lodge No 5 Welfare F 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 Boilermakers Local Lodge No 5 Welfare F?

The mission of Boilermakers Local Lodge No 5 Welfare F is centered around providing life insurance benefits. This mission extends to both active and retired participants, ensuring financial security and peace of mind for these individuals. The welfare fund achieves this objective by collecting contributions from employers, as stipulated in the collective bargaining agreements. The primary activity of Boilermakers Local Lodge No 5 Welfare F is thus to offer life insurance coverage, safeguarding the financial well-being of its members.

Who is the CEO of Boilermakers Local Lodge No 5 Welfare F?

Steven Ludwigson is the Union Trustee of Boilermakers Local Lodge No 5 Welfare F.

What is the revenue of Boilermakers Local Lodge No 5 Welfare F?

Boilermakers Local Lodge No 5 Welfare F's revenue in 2022 was $160,470.

Who are the executives of Boilermakers Local Lodge No 5 Welfare F and what are their salaries?


Here are 4 key members and their salaries:


Steven Ludwigson (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Valvo (Employer Truste)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Miriam (Employer Truste)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ryan (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Boilermakers Local Lodge No 5 Welfare F?

Boilermakers Local Lodge No 5 Welfare F's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Boilermakers Local Lodge No 5 Welfare F

Boilermakers Local Lodge No 5 Welfare F, as a welfare fund, is dedicated to fulfilling a mission that extends life insurance coverage to both active and retired participants. This nonprofit organization derives its resources from contributions received from employers, under the stipulations of collective bargaining agreements. The primary objective of Boilermakers Local Lodge No 5 Welfare F is to provide a sense of security by offering life insurance benefits to its members at various stages of their careers. By doing so, the fund aims to support and protect its members, ensuring peace of mind and financial stability in the face of unforeseen circumstances.

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Impact




October, 2024

Boilermakers Local Lodge No 5 Welfare F significantly impacts its members by offering essential life insurance benefits. This support is made possible through contributions from employers under collective bargaining agreements. By providing life insurance coverage for both active and retired members, the fund enhances financial security and peace of mind for individuals and their families. This commitment to member welfare fosters a strong sense of community and mutual benefit among participants, ensuring that they are safeguarded against unforeseen circumstances. The Welfare Fund's mission to protect its members underscores its crucial role in the lives of those it serves in Floral Park, NY, reinforcing the importance of solidarity and support within the organization.




This information is meant to be a general summary of Boilermakers Local Lodge No 5 Welfare F. 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
$160,470 (2022)
Expenses
$166,452 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20,652
  • Program Service Revenue: $139,818
  • Gross Receipts: $160,649

Assets and Liabilities:

  • Total Assets: $2,629,262
  • Total Liabilities: $806,768
  • Net Assets: $1,822,494

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$139,818

Organization Details

Founding Year

1969

Principal Officer

Steven Ludwigson

Main Address

24 VAN SICLEN AVENUE, FLORAL PARK, NY, 11001

NTEE Category

Code: Y40 - Mutual benefit

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