Painting Industry Insurance Fund

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

EIN: 340695505 ✦ Strongsville, OH ✦ Designated as a 501(c)(9)

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Overview

What is Painting Industry Insurance Fund?

The Painting Industry Insurance Fund is a nonprofit Welfare Benefit Plan based in Strongsville, Ohio. Established as a resource for its members, the organization focuses on providing financial assistance for hospitalization and various medical expenses. By offering these essential disbursements, the Painting Industry Insurance Fund plays a significant role in supporting the wellbeing of its members.

Is Painting Industry Insurance Fund legitimate?

Painting Industry Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Painting Industry Insurance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Painting Industry Insurance Fund?

The Painting Industry Insurance Fund functions as a Welfare Benefit Plan, offering financial assistance to its members for various medical expenses, including hospitalization. The primary mission of this organization is to provide essential support for its members during health-related challenges. By disbursing funds, the Painting Industry Insurance Fund aims to alleviate the financial burden of medical expenses, ensuring its members receive the necessary care they require. Additionally, this organization's activities extend beyond hospitalization, offering support for other medical needs. This commitment to members' wellbeing underscores the Painting Industry Insurance Fund's vital role in the community.

Who is the CEO of Painting Industry Insurance Fund?

Shawn Kroeger is the Trustee/Chairman of Painting Industry Insurance Fund.

What is the revenue of Painting Industry Insurance Fund?

Painting Industry Insurance Fund's revenue in 2022 was $14,602,853.

Who are the executives of Painting Industry Insurance Fund and what are their salaries?

There are 11 employees at Painting Industry Insurance Fund.


Here are 10 key members and their salaries:


Gary Brown (Trustee/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Smolik (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Sherwood (Secretary Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou Ferrante (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Black (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Bettac (Trustee (Oct-Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Reph (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Watroba (Trustee (Jan-Sept))
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Friedmann (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Kroeger (Administrator)
  • Compensation: $0
  • Related: $113,472
  • Other: $42,160
Where can I find the form 990 for Painting Industry Insurance Fund?

Painting Industry Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Painting Industry Insurance Fund

The Painting Industry Insurance Fund, a Welfare Benefit Plan, is dedicated to offering financial assistance to its members for hospitalization and various medical expenses. Established to provide support during times of health-related challenges, this organization plays a crucial role in alleviating the financial burden that can come with medical care.

By offering disbursements to members in need, the Painting Industry Insurance Fund demonstrates its commitment to the wellbeing of those it serves. This Welfare Benefit Plan operates as a safety net, ensuring that its members can focus on their recovery rather than worrying about the financial implications of their medical care. The organization's mission is to make a significant difference in the lives of its members by providing them with the necessary financial resources during their time of need.

In essence, the Painting Industry Insurance Fund serves as a vital financial lifeline, offering financial assistance to its members for hospitalization and other medical expenses. This nonprofit organization aims to ease the financial burden of medical care and promote peace of mind for its members, enabling them to focus on their health and wellbeing during challenging times.

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Impact




October, 2024

The Painting Industry Insurance Fund significantly impacts its members by providing essential financial support for hospitalization and other medical expenses. Based in Strongsville, OH, the fund serves as a vital resource that alleviates the financial burden associated with healthcare costs. By offering disbursements tailored to the specific needs of its members, the fund fosters a sense of security and well-being within the painting industry. This mutual benefit not only enhances the quality of life for individuals but also promotes a healthier workforce, ultimately contributing to the stability and sustainability of the painting industry as a whole.




This information is meant to be a general summary of Painting Industry Insurance 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
$14,602,853 (2022)
Expenses
$13,861,709 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $64,928
  • Program Service Revenue: $14,333,318
  • Gross Receipts: $19,746,161

Assets and Liabilities:

  • Total Assets: $9,897,909
  • Total Liabilities: $2,626,041
  • Net Assets: $7,271,868

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Programs

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

CONTRIBUTIONS RECEIVED ERS & PTCP

Revenue

$14,333,318

Organization Details

Founding Year

1950

Principal Officer

Shawn Kroeger

Main Address

8257 DOW CIRCLE, STRONGSVILLE, OH, 44136

NTEE Category

Code: Y40 - Mutual benefit

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