Overview
What is Sheet Metal Workers Local No 71 Industry Welfare Trust Fund?
The Sheet Metal Workers Local No 71 Industry Welfare Trust Fund is a nonprofit organization situated in Buffalo, New York. Its primary aim is to offer a range of benefits to eligible participants, including health insurance, dental insurance, life insurance, prescription drug benefits, disability coverage, health expense reimbursements, and supplemental unemployment benefits. This charitable entity is committed to providing medical and other essential assistance to those who meet its criteria, contributing positively to their overall well-being. The organization currently employs 15 individuals.
Official website here: www.smartlocal71.com
Is Sheet Metal Workers Local No 71 Industry Welfare Trust Fund legitimate?
Sheet Metal Workers Local No 71 Industry Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers Local No 71 Industry Welfare Trust 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: $83,528
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,894
For more financial information, click here
Official website here: www.smartlocal71.com
What is the mission statement of Sheet Metal Workers Local No 71 Industry Welfare Trust Fund?
The Sheet Metal Workers Local No 71 Industry Welfare Trust Fund's mission is centered around providing medical and other benefits to eligible participants. This is carried out through the provision of various insurance coverages such as health, dental, life, prescription drug benefits, disability, and supplemental unemployment benefits. Health expense reimbursements also form part of the benefits offered by this fund.
Official website here: www.smartlocal71.com
What is the revenue of Sheet Metal Workers Local No 71 Industry Welfare Trust Fund?
Sheet Metal Workers Local No 71 Industry Welfare Trust Fund's revenue in 2023 was $6,391,836.
Official website here: www.smartlocal71.com
Who are the executives of Sheet Metal Workers Local No 71 Industry Welfare Trust Fund and what are their salaries?
The average compensation at Sheet Metal Workers Local No 71 Industry Welfare Trust Fund during 2023 was $7,023. There are 18 employees at Sheet Metal Workers Local No 71 Industry Welfare Trust Fund.
Here are 10 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $5,247
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $2,651
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $115,529
- Related: $0
- Other: $19,185
Official website here: www.smartlocal71.com
Where can I find the form 990 for Sheet Metal Workers Local No 71 Industry Welfare Trust Fund?
Sheet Metal Workers Local No 71 Industry Welfare Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.smartlocal71.com
Learn more at the official website: www.smartlocal71.com
Mission Statement of Sheet Metal Workers Local No 71 Industry Welfare Trust Fund
Sheet Metal Workers Local No 71 Industry Welfare Trust Fund is dedicated to extending medical and additional benefits to its eligible participants. This nonprofit organization's primary mission is to ensure the well-being of its members by providing a range of benefits, including health insurance, dental insurance, life insurance, prescription drug benefits, disability coverage, health expense reimbursements, and supplemental unemployment benefits. By offering these comprehensive benefits, Sheet Metal Workers Local No 71 Industry Welfare Trust Fund aims to support its participants in maintaining their overall health and financial stability.
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Impact
October, 2024
The Sheet Metal Workers Local No 71 Industry Welfare Trust Fund significantly enhances the lives of eligible participants by providing critical medical and other benefits. Through the Fund, members gain access to comprehensive health insurance, ensuring they receive necessary medical care without financial strain. Additionally, it offers dental insurance, life insurance, and prescription drug benefits that contribute to their overall well-being.
The Trust Fund also supports members facing financial difficulties through disability benefits and health expense reimbursements, allowing them to manage unexpected health-related costs effectively. Furthermore, the supplemental unemployment benefits help provide a safety net during times of job loss, ensuring that participants can maintain some level of financial stability.
Overall, the Trust Fund plays a vital role in promoting the health and security of its members, fostering a strong sense of community and support within the workforce in Buffalo, NY.
This information is meant to be a general summary of Sheet Metal Workers Local No 71 Industry Welfare Trust 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: $163,888
- Program Service Revenue: $6,134,832
- Gross Receipts: $7,939,764
Assets and Liabilities:
- Total Assets: $7,400,880
- Total Liabilities: $264,059
- Net Assets: $7,136,821
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,175,744
PRESCRIPTION REBATES
Revenue
$469,968
STOP LOSS REFUNDS
Revenue
$442,511
MEMBER CONTRIBUTIONS
Revenue
$46,609
Organization Details
Founding Year
1962
Principal Officer
Timothy Benes
Website
www.smartlocal71.comNTEE Category
Code: J40Z - Employment
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