Indiana Laborers Welfare Fund

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

EIN: 350923209 ✦ Terre haute, IN ✦ Designated as a 501(c)(9)

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Overview

What is Indiana Laborers Welfare Fund?

The Indiana Laborers Welfare Fund is a nonprofit organization that, as per collective bargaining agreements, offers financial assistance to provide life insurance, health, accident, and related benefits to eligible participants. Their primary mission is to ensure the welfare of their members by offering a range of essential health and wellbeing services.


Official website here: www.indianalaborers.org/welfare-fund

Is Indiana Laborers Welfare Fund legitimate?

Indiana Laborers Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Indiana Laborers 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,533,758

For more financial information, click here


Official website here: www.indianalaborers.org/welfare-fund

What is the mission statement of Indiana Laborers Welfare Fund?

The Indiana Laborers Welfare Fund is dedicated to providing health and welfare benefits to its eligible members. Through a collective bargaining agreement, this organization offers financial support for various beneficial programs, including life insurance, health coverage, and accident protection. The primary mission is to ensure the wellbeing of its members by offering essential benefits to enhance their quality of life. By providing these benefits, the Indiana Laborers Welfare Fund strengthens the overall health and financial security of its member community.


Official website here: www.indianalaborers.org/welfare-fund

Who is the CEO of Indiana Laborers Welfare Fund?

Brian Short is the Trustee of Indiana Laborers Welfare Fund.


Official website here: www.indianalaborers.org/welfare-fund

What is the revenue of Indiana Laborers Welfare Fund?

Indiana Laborers Welfare Fund's revenue in 2022 was $104,451,795.


Official website here: www.indianalaborers.org/welfare-fund

Who are the executives of Indiana Laborers Welfare Fund and what are their salaries?

The average compensation at Indiana Laborers Welfare Fund during 2022 was $5,253. There are 292 employees and 14 volunteers at Indiana Laborers Welfare Fund.


Here are 14 key members and their salaries:


Andrew Angel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Ayres (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Chapman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ward Daniels (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Ferrara (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Fleenor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William A Hasse Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Mcdonald (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Murray Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Roach (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Short (Sec-Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Stults (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Terry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Tucker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.indianalaborers.org/welfare-fund

Where can I find the form 990 for Indiana Laborers Welfare Fund?

Indiana Laborers Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.indianalaborers.org/welfare-fund

Learn more at the official website: www.indianalaborers.org/welfare-fund

Mission Statement of Indiana Laborers Welfare Fund

Indiana Laborers Welfare Fund, a nonprofit organization, is dedicated to providing health and welfare benefits to its eligible members. Through collective bargaining agreements, the Fund offers a range of financial support for various benefits including life insurance, health, and accident coverage.

The mission of Indiana Laborers Welfare Fund is threefold. First, it aims to ensure the overall well-being of its members by providing them with essential benefits. Second, it strives to enhance the quality of life for these individuals by offering comprehensive health and insurance plans. Lastly, it works to secure a peaceful mind for its members by addressing their financial concerns and providing them with the necessary support.

By providing these benefits, Indiana Laborers Welfare Fund plays a crucial role in the lives of its members. It not only protects them from potential financial burdens but also offers them peace of mind, enabling them to focus on their personal and professional growth. The organization's unwavering commitment to the welfare of its members has made it an indispensable part of their lives, providing them with the necessary tools to navigate through life's challenges.

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Impact




October, 2024

The Indiana Laborers Welfare Fund plays a crucial role in enhancing the well-being of its members by providing essential health and welfare benefits. Through collective bargaining agreements, it finances a variety of programs, including life insurance, health coverage, and accident benefits, ensuring that eligible participants have access to vital support systems.

This initiative not only aids in individual health security but also promotes overall workforce stability and morale. By addressing the financial concerns related to health and welfare, the Fund helps members and their families navigate unexpected medical expenses, contributing to a healthier and more resilient community. The focus on mutual benefit fosters a sense of solidarity among workers, enhancing their collective strength and security. Overall, the Indiana Laborers Welfare Fund significantly impacts the lives of its members, providing them with the necessary resources to thrive both personally and professionally.




This information is meant to be a general summary of Indiana Laborers 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
$104,451,795 (2022)
Expenses
$95,511,680 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$7,888,452
  • Program Service Revenue: $112,332,916
  • Gross Receipts: $337,792,263

Assets and Liabilities:

  • Total Assets: $302,582,748
  • Total Liabilities: $24,143,990
  • Net Assets: $278,438,758

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$103,272,879

PARTICIPANT CONTRIBUTIONS

Revenue

$7,962,524

ADMINISTRATIVE FEES

Revenue

$1,052,005

INTEREST ON CONTRIBUTIONS

Revenue

$45,508

Organization Details

Founding Year

1953

Principal Officer

Brian Short

Main Address

PO BOX 1587, TERRE HAUTE, IN, 47808

NTEE Category

Code: Y40 - Mutual benefit

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