International Association Of Heat & Frost Insulators Local 17 Welfare Fund

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

EIN: 362148015 ✦ Tinley park, IL ✦ Designated as a 501(c)(9)

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Overview

What is International Association Of Heat & Frost Insulators Local 17 Welfare Fund?

The International Association of Heat and Frost Insulators Local 17 Welfare Fund is a nonprofit organization based in Tinley Park, Illinois. Established to offer essential benefits, they provide healthcare, death, and disability coverage to eligible members, retirees, and their dependents. This welfare fund's mission is focused on securing the wellbeing of its community, ensuring access to vital services during critical times.

Is International Association Of Heat & Frost Insulators Local 17 Welfare Fund legitimate?

International Association Of Heat & Frost Insulators Local 17 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Association Of Heat & Frost Insulators Local 17 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: $265,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $532,474

For more financial information, click here

What is the mission statement of International Association Of Heat & Frost Insulators Local 17 Welfare Fund?

The International Association of Heat and Frost Insulators Local 17 Welfare Fund functions as a benefit provider, dedicated to ensuring the wellbeing of eligible participants, retirees, and their dependents. By offering health care coverage, death, and disability benefits, this welfare fund prioritizes the health and financial security of its members. The organization's primary objective is to provide necessary support and alleviate potential hardships. Through its mission, the welfare fund strives to enhance the overall quality of life for those it serves.

Who is the CEO of International Association Of Heat & Frost Insulators Local 17 Welfare Fund?

Thomas Mcgrath is the Trustee of International Association Of Heat & Frost Insulators Local 17 Welfare Fund.

What is the revenue of International Association Of Heat & Frost Insulators Local 17 Welfare Fund?

International Association Of Heat & Frost Insulators Local 17 Welfare Fund's revenue in 2022 was $22,189,545.

Who are the executives of International Association Of Heat & Frost Insulators Local 17 Welfare Fund and what are their salaries?

The average compensation at International Association Of Heat & Frost Insulators Local 17 Welfare Fund during 2022 was $99,745. There are 8 employees at International Association Of Heat & Frost Insulators Local 17 Welfare Fund.


Here are 5 key members and their salaries:


Thomas Mcgrath (Trustee)
  • Compensation: $0
  • Related: $170,765
  • Other: $117,365
Robert Flynn (Trustee)
  • Compensation: $0
  • Related: $160,916
  • Other: $115,492
Peter Castellarin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Luse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Mcmullin (Fund Administrator)
  • Compensation: $0
  • Related: $158,850
  • Other: $106,633
Where can I find the form 990 for International Association Of Heat & Frost Insulators Local 17 Welfare Fund?

International Association Of Heat & Frost Insulators Local 17 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of International Association Of Heat & Frost Insulators Local 17 Welfare Fund

The International Association of Heat and Frost Insulators Local 17 Welfare Fund is a nonprofit organization committed to delivering essential health benefits to eligible participants, retirees, and their dependents. Established with a mission to make a difference, this welfare fund prioritizes the wellbeing of its members by providing comprehensive healthcare, death, and disability coverage.

By offering these critical services, the International Association of Heat and Frost Insulators Local 17 Welfare Fund plays a pivotal role in ensuring the financial and emotional security of those it serves. The organization's unwavering dedication to its community extends beyond mere health coverage, as it strives to alleviate the stresses that often accompany medical emergencies. With its extensive array of benefits, this welfare fund stands as a beacon of hope, providing peace of mind for its members and enabling them to focus on their wellbeing during challenging times.

Through its provision of essential health benefits, the International Association of Heat and Frost Insulators Local 17 Welfare Fund strengthens the resilience of its community, empowering its members to face adversity with confidence. The organization's unwavering commitment to its mission is a testament to its enduring promise to support and uplift its valued members.

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Impact




October, 2024

The International Association of Heat & Frost Insulators Local 17 Welfare Fund has a significant impact on the lives of its members by ensuring access to essential health care benefits. By providing comprehensive health, death, and disability coverage, the Fund supports eligible participants, retirees, and their dependents during critical times. This assistance alleviates financial stress associated with medical care, enabling individuals to focus on recovery and well-being.

Additionally, the Welfare Fund fosters a sense of security within the community by offering resources that help navigate challenges related to health and disability. By prioritizing mutual benefit, it not only enhances the quality of life for its members but also contributes to a more stable and resilient workforce within the industry. Overall, the Fund plays a vital role in enhancing health security and providing peace of mind to those it serves.




This information is meant to be a general summary of International Association Of Heat & Frost Insulators Local 17 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
$22,189,545 (2022)
Expenses
$23,883,338 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$630,883
  • Program Service Revenue: $22,248,139
  • Gross Receipts: $101,389,268

Assets and Liabilities:

  • Total Assets: $55,512,237
  • Total Liabilities: $106,308
  • Net Assets: $55,405,929

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$19,457,004

PARTICIPANT CONTRIBUTIONS

Revenue

$2,182,093

SELF FUNDED MEDICAL REFUNDS

Revenue

$609,042

Organization Details

Founding Year

1949

Principal Officer

Thomas Mcgrath

Main Address

18520 SPRING CREEK DRIVE STE B, TINLEY PARK, IL, 60477

NTEE Category

Code: Y40 - Mutual benefit

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