Local 522 Welfare Fund Of New York And New Jersey

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

EIN: 226062063 ✦ Brooklyn, NY ✦ Designated as a 501(c)(9)

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Overview

What is Local 522 Welfare Fund Of New York And New Jersey?

Local 522 Welfare Fund of New York and New Jersey is a nonprofit organization committed to providing health and welfare benefits to eligible participants and their dependents. Based in Brooklyn, New York (Address: 2137 Utica Ave, City: Brooklyn, State: NY, ZIP code: 11234), the fund focuses on enhancing the well-being of its members by offering essential services. The mission of the organization is two-fold: ensuring access to health benefits and addressing various welfare needs for the eligible population.

Is Local 522 Welfare Fund Of New York And New Jersey legitimate?

Local 522 Welfare Fund Of New York And New Jersey is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 522 Welfare Fund Of New York And New Jersey 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Local 522 Welfare Fund Of New York And New Jersey?

The Local 522 Welfare Fund of New York and New Jersey is dedicated to extending health and welfare benefits to eligible participants and their dependents. This non-profit organization focuses on improving the well-being of its members by providing essential services and support. The plan's mission is to ensure that eligible individuals receive the necessary benefits to maintain their health and overall well-being. By offering a comprehensive range of benefits, the Local 522 Welfare Fund aims to enhance the quality of life for those it serves. The organization's commitment to providing these benefits fosters a sense of security and peace of mind for the members and their families.

Who is the CEO of Local 522 Welfare Fund Of New York And New Jersey?

James Kane is the Trustee of Local 522 Welfare Fund Of New York And New Jersey.

What is the revenue of Local 522 Welfare Fund Of New York And New Jersey?

Local 522 Welfare Fund Of New York And New Jersey's revenue in 2022 was $26,199,989.

Who are the executives of Local 522 Welfare Fund Of New York And New Jersey and what are their salaries?


Here are 4 key members and their salaries:


James Kane (Trustee)
  • Compensation: $0
  • Related: $114,390
  • Other: $50,872
Daniel Kane Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Kelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Mcguire (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Local 522 Welfare Fund Of New York And New Jersey?

Local 522 Welfare Fund Of New York And New Jersey's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 522 Welfare Fund Of New York And New Jersey

Local 522 Welfare Fund of New York and New Jersey is a nonprofit organization dedicated to providing health and welfare benefits to eligible participants and their dependents. This charitable entity is committed to ensuring the wellbeing of those who meet its eligibility criteria.

The mission of Local 522 Welfare Fund is simple yet profound. It aims to enhance the lives of its members by offering them essential health and welfare benefits. By doing so, it provides a safety net for individuals and families in need, granting them peace of mind and improving their overall quality of life. The organization's unwavering dedication to this cause has made it an invaluable resource within the communities it serves.

Local 522 Welfare Fund goes beyond just offering health benefits. It is a beacon of hope and support for those who require it most. Through its comprehensive approach, the organization addresses various aspects of its participants' wellbeing, ensuring they have access to the resources they need to thrive. The nonprofit's commitment to making a difference in people's lives is a testament to its enduring impact and the importance of its mission.

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Impact




October, 2024

Local 522 Welfare Fund of New York and New Jersey plays a crucial role in enhancing the health and welfare of eligible participants and their dependents. By offering comprehensive health and welfare benefits, the fund ensures that members have access to essential medical services, which contributes significantly to their overall well-being. In doing so, it alleviates the financial burden associated with healthcare and fosters a sense of security among its participants. This initiative not only supports individual health but also promotes a healthier community in Brooklyn and the broader New York and New Jersey regions. The focus on mutual benefit reinforces solidarity and collective responsibility, ultimately strengthening the community ties among those it serves.




This information is meant to be a general summary of Local 522 Welfare Fund Of New York And New Jersey. 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
$26,199,989 (2022)
Expenses
$30,613,148 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $545,262
  • Program Service Revenue: $25,654,727
  • Gross Receipts: $34,090,437

Assets and Liabilities:

  • Total Assets: $17,424,618
  • Total Liabilities: $4,785,045
  • Net Assets: $12,639,573

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$25,546,186

COBRA CONTRIBUTIONS

Revenue

$108,541

Organization Details

Founding Year

1954

Principal Officer

James Kane

Main Address

2137 UTICA AVE, BROOKLYN, NY, 11234

NTEE Category

Code: Y40 - Mutual benefit

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