Local 945 Ib Of T Welfare Fund

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

EIN: 221644608 ✦ Wayne, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Local 945 Ib Of T Welfare Fund?

Local 945 Ib Of T Welfare Fund is a small nonprofit organization based in Wayne, New Jersey, with a workforce of eight dedicated individuals. Their primary mission is to provide essential health and welfare benefits to eligible participants and their dependents. By doing so, they aim to contribute positively to the wellbeing of the individuals they serve.

What are the reviews and ratings of this charity?

Local 945 Ib Of T Welfare Fund currently does not have a rating on Charity Navigator. This absence of a rating does not indicate any specific positive or negative outcome, as the organization cannot be evaluated under Charity Navigator's current methodologies due to its IRS classification.

The nonprofit does not qualify for assessment under Charity Navigator’s Accountability & Finance or Impact & Measurement methodologies since it is not registered as a 501(c)(3) organization. This restricts the availability of detailed financial and operational data, such as revenue and expenses, which is necessary for a comprehensive evaluation.

Without user reviews from GreatNonprofits, there is limited insight into public perception or individual feedback about the organization. The lack of reviews and rating highlights the challenge of assessing the organization’s impact or financial accountability through these platforms.


This AI summary has been generated from information found on Charity Navigator.

Is Local 945 Ib Of T Welfare Fund legitimate?

Local 945 Ib Of T Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 945 Ib Of T 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: $97,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,533

For more financial information, click here

What is the mission statement of Local 945 Ib Of T Welfare Fund?

The Local 945 Ib Of T Welfare Fund is dedicated to providing health and welfare benefits for eligible participants and their dependents. This non-profit organization's primary mission is to ensure the well-being of those it serves. Through its various programs and initiatives, it aims to deliver essential services and support to enhance the livelihoods of the individuals it reaches. The Welfare Fund's commitment to the community extends to ensuring access to crucial benefits and resources, making a positive impact on the lives of many. With a focus on health, the organization works diligently to improve the overall wellbeing of its participants, ensuring they have access to the care they need.

Who is the CEO of Local 945 Ib Of T Welfare Fund?

Paxton Ryan is the Trustee of Local 945 Ib Of T Welfare Fund.

What is the revenue of Local 945 Ib Of T Welfare Fund?

Local 945 Ib Of T Welfare Fund's revenue in 2022 was $30,086,032.

Who are the executives of Local 945 Ib Of T Welfare Fund and what are their salaries?

The average compensation at Local 945 Ib Of T Welfare Fund during 2022 was $36,753. There are 8 employees at Local 945 Ib Of T Welfare Fund.


Here are 7 key members and their salaries:


David Baumann (Trustee)
  • Compensation: $0
  • Related: $134,374
  • Other: $80,310
Paxton Ryan (Trustee)
  • Compensation: $0
  • Related: $134,375
  • Other: $71,730
Richard Maio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Pinto (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Manhertz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Geib (Trustee)
  • Compensation: $0
  • Related: $127,340
  • Other: $78,545
Catherine Oakes (Fund Manager)
  • Compensation: $97,490
  • Related: $37,913
  • Other: $33,489
Where can I find the form 990 for Local 945 Ib Of T Welfare Fund?

Local 945 Ib Of T Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 945 Ib Of T Welfare Fund

Local 945 Ib Of T Welfare Fund is a mission-driven organization committed to extending health and welfare benefits to eligible participants and their dependents. By focusing on this essential aspect, the Fund seeks to enhance the overall well-being of those it serves.

The organization's primary objective is to provide a safety net for individuals in need, offering them essential resources for maintaining good health and addressing various life challenges. Through its comprehensive benefits program, Local 945 Ib Of T Welfare Fund aims to promote the holistic well-being of its participants and help them lead fulfilling lives.

The Fund's mission is two-fold. Firstly, it strives to ensure that its participants have access to essential health services and resources, providing a critical buffer against the financial burden of medical care. Secondly, it extends welfare benefits that cater to a range of human needs, offering more than just healthcare. This inclusive approach to welfare enables the Fund to make a tangible difference in the lives of those it serves.

By fulfilling its mission, Local 945 Ib Of T Welfare Fund not only strengthens the resilience of its participants but also contributes significantly to their overall well-being and quality of life.

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Impact




October, 2024

Local 945 Ib Of T Welfare Fund plays a crucial role in enhancing the well-being of its participants by providing essential health and welfare benefits. This support extends not only to eligible participants but also to their dependents, ensuring comprehensive coverage that addresses various health needs.

By offering these benefits, the Fund contributes to the financial security and health of the community in Wayne, NJ. Access to healthcare and wellness resources is vital for maintaining overall quality of life, and the Fund's focus on mutual benefit fosters a supportive network among its members. Participants can face health challenges with greater confidence, knowing they have a safety net to rely on.

The Welfare Fund's mission to deliver health and welfare benefits is instrumental in promoting a healthier, more resilient community. By alleviating the financial burden associated with medical expenses, it enables individuals and families to prioritize their health and well-being, ultimately leading to a more productive and vibrant population.




This information is meant to be a general summary of Local 945 Ib Of T 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
$30,086,032 (2022)
Expenses
$29,398,752 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $339,767
  • Program Service Revenue: $29,709,497
  • Gross Receipts: $38,494,929

Assets and Liabilities:

  • Total Assets: $26,184,107
  • Total Liabilities: $127,514
  • Net Assets: $26,056,593

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Programs

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

EMPLOYERS' CONTRIBUTIO

Revenue

$29,587,029

COBRA CONTRIBUTIONS

Revenue

$122,468

Organization Details

Founding Year

1960

Principal Officer

Paxton Ryan

Main Address

585 HAMBURG TURNPIKE, WAYNE, NJ, 07470

NTEE Category

Code: Y40 - Mutual benefit

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