Overview
What is Pipe Fitters' Welfare Fund Local 597?
Pipe Fitters' Welfare Fund Local 597 is a Chicago-based nonprofit organization dedicated to providing comprehensive health benefits to its eligible participants and their dependents. With a team of 158 employees, they offer a range of coverage, including healthcare, death and disability benefits, dental, vision, prescription drugs, and accidental death and dismemberment benefits. Their mission is to ensure the wellbeing of pipe fitters by addressing their healthcare needs and promoting overall health and wellness within the community.
Official website here: www.pf597.org
Is Pipe Fitters' Welfare Fund Local 597 legitimate?
Pipe Fitters' Welfare Fund Local 597 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pipe Fitters' Welfare Fund Local 597 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: $144,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $788,032
For more financial information, click here
Official website here: www.pf597.org
What is the mission statement of Pipe Fitters' Welfare Fund Local 597?
The Pipe Fitters' Welfare Fund Local 597 is dedicated to providing health benefits for eligible participants and their dependents. This organization offers a range of health-related services, including healthcare coverage, death and disability benefits, dental, vision, prescription drug, and accidental death and dismemberment benefits. The mission of the Pipe Fitters' Welfare Fund Local 597 is to ensure that those in need have access to essential healthcare resources and support. By providing these benefits, the organization aims to improve the overall wellbeing and quality of life for the eligible members and their families.
Official website here: www.pf597.org
What is the revenue of Pipe Fitters' Welfare Fund Local 597?
Pipe Fitters' Welfare Fund Local 597's revenue in 2023 was $169,209,536.
Official website here: www.pf597.org
Who are the executives of Pipe Fitters' Welfare Fund Local 597 and what are their salaries?
The average compensation at Pipe Fitters' Welfare Fund Local 597 during 2023 was $7,343. There are 127 employees at Pipe Fitters' Welfare Fund Local 597.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $249,557
- Other: $136,716
- Compensation: $0
- Related: $239,337
- Other: $135,364
- Compensation: $0
- Related: $342,962
- Other: $158,709
- Compensation: $0
- Related: $234,585
- Other: $135,364
- Compensation: $0
- Related: $195,515
- Other: $80,956
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $276,146
- Related: $0
- Other: $42,405
Official website here: www.pf597.org
Where can I find the form 990 for Pipe Fitters' Welfare Fund Local 597?
Pipe Fitters' Welfare Fund Local 597's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pf597.org
Learn more at the official website: www.pf597.org
Mission Statement of Pipe Fitters' Welfare Fund Local 597
Pipe Fitters' Welfare Fund Local 597, a prominent organization, is dedicated to extending health benefits to its eligible participants and their dependents. The nonprofit's primary mission is to ensure the wellbeing of pipe fitters by providing comprehensive healthcare coverage, as well as death and disability benefits.
In more detail, this welfare fund offers a wide range of health-related services to its members. These include access to medical, dental, and vision care, along with prescription drug coverage. Moreover, the organization extends its reach by providing accidental death and dismemberment benefits to those in need. By offering these extensive benefits, Pipe Fitters' Welfare Fund Local 597 aims to enhance the overall quality of life for its members and their families.
The nonprofit's commitment to its members doesn't stop at providing basic healthcare services. It also takes pride in offering additional benefits that cater to various aspects of their lives. This holistic approach to supporting its members is a testament to Pipe Fitters' Welfare Fund Local 597's dedication to ensuring the wellbeing and peace of mind of its valued participants.
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Impact
October, 2024
Pipe Fitters' Welfare Fund Local 597 plays a crucial role in supporting the health and well-being of eligible participants and their families. By offering a comprehensive array of health benefits—including healthcare, dental, vision, prescription drug coverage, as well as death and disability benefits—the fund ensures that members have access to essential services that can significantly impact their quality of life. Additionally, the inclusion of accidental death and dismemberment benefits provides extra security for members and their dependents. Operating in Chicago, Illinois, the fund’s mission fosters a sense of mutual benefit, enhancing the overall welfare of the pipefitting community and promoting peace of mind among workers and their families. This commitment helps create a more stable workforce and contributes to the long-term sustainability of the industry.
This information is meant to be a general summary of Pipe Fitters' Welfare Fund Local 597. 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 2023.
- Investment Income: $8,337,593
- Program Service Revenue: $161,543,410
- Gross Receipts: $415,645,911
Assets and Liabilities:
- Total Assets: $293,603,988
- Total Liabilities: $1,817,932
- Net Assets: $291,786,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$139,862,244
PARTICIPANT SELF PAYMENTS
Revenue
$11,787,356
PRESCRIPTION DRUG REBATES AND SUB
Revenue
$9,663,983
LIQUIDATED DAMAGES
Revenue
$229,827
Organization Details
Founding Year
1949
Principal Officer
Christopher Hernandez
Website
www.pf597.orgNTEE Category
Code: Y40 - Mutual benefit
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