Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio

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

EIN: 136694320 ✦ Long island city, NY ✦ Designated as a 501(c)(9)

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Overview

What is Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio?

The Welfare Fund of the Iuoe Local Unions 15 15A 15C 15D Afl-Cio is a nonprofit organization headquartered at 44-40 11th Street, Long Island City, New York 11101. Their mission is to provide various benefits to eligible participants. These benefits include medical, hospital, surgical, optical, dental, prescription drug coverage, vacations, death, accidental death and dismemberment, and short-term disability insurance. With a workforce of 22 employees, this organization is dedicated to enhancing the well-being and security of its members by offering a comprehensive range of benefits.

Is Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio legitimate?

Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio is a legitimate nonprofit organization registered as a 501(c)(9) entity. Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio 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: $427,909
Professional Fundraising Fees: $0
Other Salaries and Wages: $776,653

For more financial information, click here

What is the mission statement of Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio?

The Welfare Fund of the Iuoe Local Unions 15 15A 15C 15D Afl-Cio is committed to providing essential benefits to eligible participants. The fund offers medical, hospital, surgical, optical, dental, prescription drug, vacation, death, accidental death and dismemberment, and short-term disability benefits. These benefits aim to enhance the overall well-being and health of those who meet the eligibility criteria. By providing comprehensive coverage, this organization strives to alleviate the financial burden associated with healthcare and related expenses, allowing participants to focus on their wellness and quality of life.

Who is the CEO of Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio?

Unavailable

What is the revenue of Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio?

Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio's revenue in 2022 was $105,678,120.

Who are the executives of Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio and what are their salaries?

The average compensation at Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio during 2022 was $54,753. There are 22 employees at Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio.


Here are 10 key members and their salaries:


James T Callahan (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas A Callahan (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Salgo (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Tyson (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Chase (Fund Administrator)
  • Compensation: $356,017
  • Related: $0
  • Other: $71,892
Yasir Eltayeb (It Support)
  • Compensation: $282,850
  • Related: $0
  • Other: $78,726
William Stanton (It Support)
  • Compensation: $247,556
  • Related: $0
  • Other: $68,124
Richard Lopez (Claims Specialist)
  • Compensation: $187,328
  • Related: $0
  • Other: $59,120
Angel Maldonado (Claims Specialist)
  • Compensation: $136,981
  • Related: $0
  • Other: $54,331
Mohamed Karamali (Bookkeeper)
  • Compensation: $122,342
  • Related: $0
  • Other: $49,285
Where can I find the form 990 for Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio?

Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio

The Welfare Fund of the IUOE Local Unions 15 15A 15C 15D Afl-Cio is a charitable organization dedicated to providing essential benefits to eligible participants. This nonprofit entity focuses on delivering medical, hospital, surgical, optical, dental, prescription drug, vacation, death, accidental death and dismemberment, and short-term disability benefits. Through its mission, it strives to enhance the wellbeing of those it serves, ensuring they have access to crucial healthcare services and financial assistance during challenging times. By offering a comprehensive range of benefits, the Welfare Fund empowers its recipients to face adversity with greater confidence and resilience.

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Impact




October, 2024

The Welfare Fund of the IUOE Local Unions 15, 15A, 15C, and 15D AFL-CIO plays a crucial role in supporting the health and well-being of eligible participants. By providing a comprehensive range of benefits including medical, hospital, surgical, optical, dental, and prescription drug coverage, the fund ensures that union members have access to essential healthcare services.

In addition to medical support, the fund offers vacation benefits, which contribute to the overall work-life balance of participants, and death benefits that provide financial security for families during difficult times. The inclusion of accidental death and dismemberment benefits further enhances this safety net, addressing the risks inherent in certain occupations.

Short-term disability benefits are particularly impactful, as they assist members during periods when they cannot work due to health issues, helping to stabilize their financial situation. Overall, the Welfare Fund serves as a critical resource, promoting the physical and financial health of union members and their families, thereby fostering a more secure and supportive community.




This information is meant to be a general summary of Welfare Fund Of The Iuoe Local Unions 15 15A 15C 15D Afl-Cio. 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
$105,678,120 (2022)
Expenses
$114,325,915 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$668,227
  • Program Service Revenue: $106,316,049
  • Gross Receipts: $149,983,552

Assets and Liabilities:

  • Total Assets: $87,169,155
  • Total Liabilities: $26,369,257
  • Net Assets: $60,799,898

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$71,871,127

PARTICIPANTS VAC CONTRIB

Revenue

$34,444,922

Organization Details

Founding Year

1975

Main Address

44-40 11TH STREET, LONG ISLAND CITY, NY, 11101

NTEE Category

Code: Y40 - Mutual benefit

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