Overview
What is Seiu Local 1 Cleveland Welfare Fund?
The SEIU Local 1 Cleveland Welfare Fund, located at 812 Huron Road, Cleveland, Ohio 44115, serves as a multi-employer health and welfare fund. Its primary mission is to provide various health care benefits to eligible members and their dependents. The funding for these benefits comes from revenue sources such as employers, COBRA, and retirees. The purpose of this fund is to enhance the health and well-being of its members, offering a range of essential benefits.
Is Seiu Local 1 Cleveland Welfare Fund legitimate?
Seiu Local 1 Cleveland Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Seiu Local 1 Cleveland 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.
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What is the mission statement of Seiu Local 1 Cleveland Welfare Fund?
The Seiu Local 1 Cleveland Welfare Fund serves as a multi-employer health and welfare organization, utilizing revenue from employers, employee COBRA, and retirees to provide various health care benefits to eligible employee members and their dependent family members. Its primary mission is to ensure these benefits are accessible to the fund's members, ensuring they have the necessary support for their health needs.
Who is the CEO of Seiu Local 1 Cleveland Welfare Fund?
Max Gerboc is the Trustee of Seiu Local 1 Cleveland Welfare Fund.
What is the revenue of Seiu Local 1 Cleveland Welfare Fund?
Seiu Local 1 Cleveland Welfare Fund's revenue in 2022 was $2,366,654.
Who are the executives of Seiu Local 1 Cleveland Welfare Fund and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Seiu Local 1 Cleveland Welfare Fund?
Seiu Local 1 Cleveland Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seiu Local 1 Cleveland Welfare Fund
Seiu Local 1 Cleveland Welfare Fund serves as a multi-employer health and welfare fund, devoted to providing a range of benefits to its employee member base. This nonprofit organization relies on revenue sources such as contributions from employers, COBRA, and retirees to finance these benefits. The primary mission of Seiu Local 1 Cleveland Welfare Fund is to ensure the well-being of its members by offering various healthcare benefits, which can be availed by eligible members and their dependent family members. These benefits are designed to cater to the diverse health needs of the members, thereby contributing positively to their overall well-being.
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Impact
October, 2024
Seiu Local 1 Cleveland Welfare Fund plays a crucial role in enhancing the health and well-being of employee members and their families. By offering a range of health care benefits, the fund ensures that eligible individuals have access to essential medical services. This multi-employer health and welfare fund generates revenue from employers, employee COBRA contributions, and retirees, which collectively supports its mission to provide comprehensive benefits.
The impact of the fund extends beyond just healthcare coverage; it fosters a sense of security among employees concerning their health needs, enabling them to focus on their work and personal lives without the burden of excessive medical costs. For dependents of members, the availability of health care benefits contributes to overall family well-being, promoting healthier communities in Cleveland and beyond.
By maintaining a sustainable model that combines various revenue sources, the fund ensures it can continue to offer vital services and support to its members, reflecting its commitment to mutual benefit and the welfare of the workforce it serves.
This information is meant to be a general summary of Seiu Local 1 Cleveland 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $134,691
- Program Service Revenue: $2,231,963
- Gross Receipts: $4,110,822
Assets and Liabilities:
- Total Assets: $9,020,287
- Total Liabilities: $72,065
- Net Assets: $8,948,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,225,292
MEDICARE PART D SUBSIDY
Revenue
$6,475
RETIREE CONTRIBUTIONS
Revenue
$196
Organization Details
Founding Year
1958
Phone
(216) 861-7655Principal Officer
Max Gerboc
Main Address
812 HURON ROAD 230, CLEVELAND, OH, 44115
NTEE Category
Code: Y40 - Mutual benefit
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