Health & Welfare Fund Of The Local Union 396

Health & Welfare Fund Of The Local Union #396

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

EIN: 346545105 ✦ Canfield, OH ✦ Designated as a 501(c)(9)

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Overview

What is Health & Welfare Fund Of The Local Union 396?

Health & Welfare Fund Of The Local Union 396 is a fraternal organization situated in Canfield, Ohio. Their main purpose is to extend health and death benefits to its members. This nonprofit organization is committed to supporting its members during their time of need, ensuring they have access to essential healthcare services and financial assistance in the event of loss. The mission of Health & Welfare Fund Of The Local Union 396 is to provide a safety net for its members, ensuring they can focus on recovery and well-being during difficult times.

Is Health & Welfare Fund Of The Local Union 396 legitimate?

Health & Welfare Fund Of The Local Union #396 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health & Welfare Fund Of The Local Union #396 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: $624
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Health & Welfare Fund Of The Local Union 396?

The Health & Welfare Fund Of The Local Union 396 is an organization dedicated to providing health and death benefits to its members. Its mission is to ensure the well-being of its members by offering essential health coverage and providing support during times of loss. By offering these benefits, the fund aims to enhance the quality of life for its members and provide them with peace of mind. The organization serves as a safety net, offering financial assistance in times of health-related challenges and during the grieving process.

Who is the CEO of Health & Welfare Fund Of The Local Union 396?

Matt Morrone is the Trustee of Health & Welfare Fund Of The Local Union #396.

What is the revenue of Health & Welfare Fund Of The Local Union 396?

Health & Welfare Fund Of The Local Union 396's revenue in 2023 was $8,909,537.

Who are the executives of Health & Welfare Fund Of The Local Union 396 and what are their salaries?

The average compensation at Health & Welfare Fund Of The Local Union 396 during 2023 was $18. There are 34 employees at Health & Welfare Fund Of The Local Union 396.


Here are 8 key members and their salaries:


Matt Morrone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Kelley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Loney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Morrison (Trustee)
  • Compensation: $228
  • Related: $0
  • Other: $0
Wesley Prout (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Deraway (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Longo (Trustee)
  • Compensation: $396
  • Related: $0
  • Other: $0
Where can I find the form 990 for Health & Welfare Fund Of The Local Union 396?

Health & Welfare Fund Of The Local Union 396's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Health & Welfare Fund Of The Local Union 396

The Health & Welfare Fund of the Local Union 396 is a dedicated organization with a mission to extend health and death benefits to its members. Established with a fraternal spirit, this nonprofit works tirelessly to ensure the well-being of its members by providing essential health and end-of-life support. This mission is a testament to the organization's commitment to its members, demonstrating a deep sense of responsibility and care.

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Impact




October, 2024

Health & Welfare Fund Of The Local Union 396 significantly impacts the lives of its members by offering essential health and death benefits. Located in Canfield, OH, this organization plays a crucial role in ensuring the well-being of its community. By providing access to necessary healthcare services and financial support in times of loss, the Fund alleviates some of the burdens associated with medical expenditures and bereavement.

Furthermore, the Fund fosters a sense of solidarity among members, promoting mutual support and camaraderie. This fraternal organization not only enhances the quality of life for individuals and their families but also strengthens community ties through shared values and collective responsibility. In essence, the Health & Welfare Fund serves as a vital safety net, contributing to the overall health and stability of its members.




This information is meant to be a general summary of Health & Welfare Fund Of The Local Union 396. 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
$8,909,537 (2023)
Expenses
$7,262,430 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $268,348
  • Program Service Revenue: $8,027,846
  • Gross Receipts: $14,105,653

Assets and Liabilities:

  • Total Assets: $15,954,273
  • Total Liabilities: $3,438,440
  • Net Assets: $12,515,833

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$7,362,240

MEMBER CONTRIBUTIONS

Revenue

$665,606

Organization Details

Founding Year

1962

Principal Officer

Matt Morrone

Main Address

3660 STUTZ DRIVE, CANFIELD, OH, 44406

NTEE Category

Code: Y40 - Mutual benefit

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