Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund

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

EIN: 221481564 ✦ Newark, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

Heavy & General Laborers Local 472 & Local 172 of New Jersey Welfare Fund is a nonprofit organization based in Newark, New Jersey. The primary mission of this fund is to provide health and other essential benefits to eligible participants and their dependents. With a workforce of 48 individuals, the organization is dedicated to ensuring the wellbeing of its members by offering comprehensive coverage and support. By focusing on health benefits, the fund contributes to the overall wellness and stability of the local labor community.

Is Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund legitimate?

Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Heavy & General Laborers Local 472 & Local 172 Of New Jersey 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: $539,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,578,424

For more financial information, click here

What is the mission statement of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

This welfare fund, comprised of Heavy & General Laborers Local 472 and Local 172 of New Jersey, is dedicated to extending health and additional benefits to eligible participants and their dependents. Through the fund, individuals gain access to essential health services, securing their overall well-being. The organization's primary goal is to ensure the health and welfare of its members, providing them with peace of mind and improved quality of life. By offering comprehensive benefits, the fund enables participants to focus on their personal and professional growth, knowing that their health is being supported.

Who is the CEO of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

Beverly Ceaser is the General Manager of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund.

What is the revenue of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund's revenue in 2023 was $226,578,670.

Who are the executives of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund and what are their salaries?

The average compensation at Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund during 2023 was $64,955. There are 48 employees at Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund.


Here are 19 key members and their salaries:


Antonio Oliveira (Co-Chairman - Thru 8/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Kocsis Jr (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond M Pocino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel Amador Jr (Co Chairman - Eff 9/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Capaccio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey S Waters (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Criscola Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Ferreira (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Recio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Down (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael E Hellstrom Jr (Trustee - Eff 9/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Giunta (Trustee - Eff 9/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Ceaser (General Manager)
  • Compensation: $226,938
  • Related: $0
  • Other: $82,774
Russel Bley (Asst. General Mgr)
  • Compensation: $155,198
  • Related: $0
  • Other: $71,244
Thomas Cotov (Legal Services)
  • Compensation: $227,658
  • Related: $0
  • Other: $82,835
Vincent Riccardi (Legal Services)
  • Compensation: $205,479
  • Related: $0
  • Other: $80,950
Charles Ferns (Finance Manager)
  • Compensation: $178,915
  • Related: $0
  • Other: $78,692
Carlos Deoliveira (Collections Auditor)
  • Compensation: $147,390
  • Related: $0
  • Other: $76,012
Glen Kenyon (Manager)
  • Compensation: $144,887
  • Related: $0
  • Other: $75,799
Where can I find the form 990 for Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund

Heavy & General Laborers Local 472 & Local 172 of New Jersey Welfare Fund is a nonprofit organization dedicated to providing essential health and other benefits to eligible participants and their dependents. The organization's primary objective is to ensure the well-being of those individuals who are part of the laborers local unions in New Jersey.

With a strong commitment to the welfare of its members, the Welfare Fund offers a comprehensive range of benefits designed to enhance their overall quality of life. These benefits extend beyond just health coverage, providing additional support and services that cater to various aspects of their daily lives.

Through its mission, Heavy & General Laborers Local 472 & Local 172 of New Jersey Welfare Fund plays a crucial role in promoting the health and well-being of its members. By offering vital health benefits, the organization enables its participants to focus on their work and personal lives, knowing they have essential coverage to help them navigate through unforeseen health challenges. The Fund's dedication to the well-being of its members is a testament to its unwavering commitment to the laborers community in New Jersey.

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Impact




August, 2024

The Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund has a significant impact on providing health and other benefits to eligible participants and their dependents. By offering these benefits, the fund plays a crucial role in supporting the well-being and financial security of laborers in New Jersey. This assistance helps to ensure that workers and their families have access to essential healthcare services and other necessary support. Through its services, the fund contributes to the overall welfare and stability of the laborer community in the state.




This information is meant to be a general summary of Heavy & General Laborers Local 472 & Local 172 Of New Jersey 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.

Revenue
$226,578,670 (2023)
Expenses
$215,670,065 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,593,943
  • Program Service Revenue: $200,528,391
  • Gross Receipts: $393,801,522

Assets and Liabilities:

  • Total Assets: $320,028,510
  • Total Liabilities: $51,509,066
  • Net Assets: $268,519,444

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$147,151,949

PARTICIPANT CONTRIBUTIONS

Revenue

$53,376,442

Organization Details

Founding Year

1950

Principal Officer

Beverly Ceaser

Main Address

700 RAYMOND BOULEVARD, NEWARK, NJ, 071052909

NTEE Category

Code: Y40 - Mutual benefit

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