Overview
What is Steamfitters Industry Security Benefit Fund?
The Steamfitters Industry Security Benefit Fund is a nonprofit organization that manages employee benefit programs for Steamfitters Local 638 and their families. Established under a collective bargaining agreement, this fund accumulates resources to provide pension and welfare benefits to active and retired members, their dependents, and beneficiaries. Members become eligible as soon as they begin working for a signed contractor. The multi-employer plan is funded by employer contributions in accordance with the agreement.
Official website here: www.steamfitters.com
Is Steamfitters Industry Security Benefit Fund legitimate?
Steamfitters Industry Security Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Steamfitters Industry Security Benefit 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: $30,630
Professional Fundraising Fees: $0
Other Salaries and Wages: $191,389
For more financial information, click here
Official website here: www.steamfitters.com
What is the mission statement of Steamfitters Industry Security Benefit Fund?
The Steamfitters Industry Security Benefit Fund was established to amass resources and extend supplemental benefits to its participants. Eligibility commences on the first day an individual begins working for a signed contractor in covered employment. This multi-employer plan is funded through employer contributions as outlined in the collective bargaining agreement. The Fund aims to enhance the wellbeing of its members by providing additional benefits beyond the standard offerings. The Steamfitters Industry Trust Funds encompass pension and welfare programs that cater to the thousands of active and retired members of Steamfitters Local 638, along with their dependents and beneficiaries.
Official website here: www.steamfitters.com
What is the revenue of Steamfitters Industry Security Benefit Fund?
Steamfitters Industry Security Benefit Fund's revenue in 2023 was $47,531,364.
Official website here: www.steamfitters.com
Who are the executives of Steamfitters Industry Security Benefit Fund and what are their salaries?
Here are 18 key members and their salaries:
- Compensation: $11,114
- Related: $433,431
- Other: $48,581
- Compensation: $0
- Related: $234,710
- Other: $66,027
- Compensation: $8,705
- Related: $208,917
- Other: $46,924
- Compensation: $10,811
- Related: $205,314
- Other: $46,924
- Compensation: $0
- Related: $186,250
- Other: $56,420
- Compensation: $0
- Related: $183,947
- Other: $56,466
- Compensation: $0
- Related: $183,879
- Other: $56,420
- Compensation: $0
- Related: $176,818
- Other: $56,420
- Compensation: $9,325
- Related: $177,169
- Other: $26,280
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.steamfitters.com
Where can I find the form 990 for Steamfitters Industry Security Benefit Fund?
Steamfitters Industry Security Benefit Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.steamfitters.com
Learn more at the official website: www.steamfitters.com
Mission Statement of Steamfitters Industry Security Benefit Fund
The Steamfitters Industry Security Benefit Fund is a multi-employer plan established with the mission to accumulate funds and provide supplemental benefits to eligible participants. Founded in accordance with collective bargaining agreements, the Fund is financed through employer contributions. This organization serves as a safety net for individuals involved in the Steamfitters industry, offering additional perks beyond their regular employment.
The primary goal of the Steamfitters Industry Security Benefit Fund is to ensure that participants receive extra benefits. Eligibility commences on the first day an individual begins working for a signed contractor. With a focus on worker welfare, the Fund acts as a valuable source of support for the thousands of active and retired Steamfitters Local 638 members and their dependents and beneficiaries. The benefits provided extend beyond the standard, enhancing the overall quality of life for those involved in the industry.
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Impact
October, 2024
The Steamfitters Industry Security Benefit Fund plays a crucial role in providing supplemental benefits to participants, enhancing their financial security and welfare. By accumulating funds through employer contributions based on collective bargaining agreements, the Fund ensures that both active and retired members of Steamfitters' Local 638, along with their dependents and beneficiaries, receive essential pension and welfare benefits. This support helps create a stable foundation for workers in the steamfitting industry, facilitating their well-being and financial stability as they progress through their careers and into retirement. The Fund's impact extends beyond individual members, positively influencing the overall stability of the workforce within the industry.
This information is meant to be a general summary of Steamfitters Industry Security Benefit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,919,197
- Program Service Revenue: $37,764,803
- Gross Receipts: $175,390,779
Assets and Liabilities:
- Total Assets: $294,790,618
- Total Liabilities: $4,591,008
- Net Assets: $290,199,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer contributions
Revenue
$37,764,803
Organization Details
Founding Year
1961
Principal Officer
Ralph Montuoro Jr
Website
www.steamfitters.comNTEE Category
Code: J40 - Employment
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