Overview
What is Local 817 Ibt Welfare Fund?
The Local 817 Ibt Welfare Fund is a nonprofit organization situated at 817 Old Cuttermill Road, Great Neck, New York, 11021. With a workforce of 1,416 employees, this organization focuses on delivering health and welfare benefits to eligible members. The Welfare Fund's extensive offerings include holiday pay, vacation pay, death benefits, and disability benefits. As of December 31, 2022, there were 1,224 participants receiving these benefits under the collective bargaining agreement. The primary mission of this nonprofit is to ensure the well-being of its members by providing essential benefits that enhance their overall quality of life.
What are the reviews and ratings of this charity?
The Local 817 Ibt Welfare Fund is not currently rated by Charity Navigator, primarily due to its status as a non-501(c)(3) organization. This classification means it cannot be evaluated through the usual methodologies deployed to assess the financial accountability, impact, or community involvement of typical charitable organizations.
The absence of ratings should not be interpreted as an indicator of the organization's performance, either positive or negative. Instead, it reflects a limitation in Charity Navigator's current evaluation criteria, which necessitate certain federal nonprofit designations absent in this case. Therefore, potential stakeholders should seek additional information to understand this entity's role and impacts.
Unfortunately, as there are no user reviews available from GreatNonprofits for the Local 817 Ibt Welfare Fund, further insights into individual experiences or public sentiment toward the organization are not accessible. This lack of user feedback makes it even more essential for interested parties to conduct thorough independent research.
This AI summary has been generated from information found on Charity Navigator.
Is Local 817 Ibt Welfare Fund legitimate?
Local 817 Ibt Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 817 Ibt 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: $264,187
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,369
For more financial information, click here
What is the mission statement of Local 817 Ibt Welfare Fund?
The Local 817 Ibt Welfare Fund is committed to delivering health and welfare benefits to its eligible members. This non-profit organization provides a range of benefits, including health coverage, holiday pay, vacation pay, death benefits, and disability benefits. With a participant base of over a thousand individuals at the end of 2022, the Welfare Fund aims to enhance the wellbeing of its members and offer them peace of mind through comprehensive benefits. The organization's efforts are focused on ensuring the participants covered under the collective bargaining agreement have access to essential benefits that improve their overall quality of life.
Who is the CEO of Local 817 Ibt Welfare Fund?
Thomas J O'Donnell is the Trustee of Local 817 Ibt Welfare Fund.
What is the revenue of Local 817 Ibt Welfare Fund?
Local 817 Ibt Welfare Fund's revenue in 2022 was $52,108,463.
Who are the executives of Local 817 Ibt Welfare Fund and what are their salaries?
The average compensation at Local 817 Ibt Welfare Fund during 2022 was $256. There are 1416 employees at Local 817 Ibt Welfare Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $296,532
- Other: $114,349
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $277,688
- Other: $108,052
- Compensation: $0
- Related: $229,727
- Other: $89,268
- Compensation: $145,622
- Related: $114,093
- Other: $85,706
- Compensation: $118,565
- Related: $16,938
- Other: $44,716
Where can I find the form 990 for Local 817 Ibt Welfare Fund?
Local 817 Ibt Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 817 Ibt Welfare Fund
Local 817 Ibt Welfare Fund is a nonprofit organization dedicated to providing welfare benefits to its eligible members as outlined in their collective bargaining agreement. This fund prioritizes the health and well-being of its participants, offering them various benefits designed to enhance their quality of life.
In practice, Local 817 Ibt Welfare Fund extends its reach to encompass health and welfare benefits for its covered members. The organization ensures the provision of holiday pay, vacation pay, and disability benefits, offering financial security and support during various life circumstances. Additionally, it extends death benefits to the families of deceased members, adding a crucial layer of emotional and financial assistance during difficult times.
The welfare fund maintains a commitment to its members, with a membership base reaching 1,224 individuals at the close of 2022. By offering essential benefits, Local 817 Ibt Welfare Fund empowers its members to focus on their personal and professional pursuits, secure in the knowledge that their essential needs are being met. The organization's unwavering dedication to its mission stands as a testament to its unwavering support for the individuals it serves.
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Impact
October, 2024
Local 817 IBT Welfare Fund significantly enhances the quality of life for its participants by providing essential health and welfare benefits. These benefits include health coverage, holiday pay, vacation pay, death benefits, and disability benefits, ensuring that eligible members have support during critical times.
By serving 1,224 participants as of December 31, 2022, the Fund plays a vital role in promoting financial stability and security for workers and their families in Great Neck, NY. Its commitment to delivering comprehensive welfare benefits contributes positively to the workforce, enabling members to focus on their well-being and that of their loved ones, ultimately fostering a stronger community.
This information is meant to be a general summary of Local 817 Ibt 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,758,156
- Program Service Revenue: $47,144,697
- Gross Receipts: $106,533,799
Assets and Liabilities:
- Total Assets: $96,982,997
- Total Liabilities: $4,751,253
- Net Assets: $92,231,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$47,015,757
COBRA CONTRIBUTIONS
Revenue
$128,940
Organization Details
Founding Year
1964
Phone
(516) 365-3470Principal Officer
Thomas J O'Donnell
Main Address
817 OLD CUTTERMILL ROAD, GREAT NECK, NY, 11021
NTEE Category
Code: Y40 - Mutual benefit
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