Chicago Area Ib Of T Health And Welfare Trust Fund

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

EIN: 362187389 ✦ Downers grove, IL ✦ Designated as a 501(c)(9)

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Overview

What is Chicago Area Ib Of T Health And Welfare Trust Fund?

The Chicago Area Ib of T Health and Welfare Trust Fund is a Downers Grove, IL-based nonprofit organization dedicated to delivering health benefits to eligible individuals and their dependents. Through a health benefit fund, they offer comprehensive coverage, including medical, dental, vision, sickness, and accidental death benefits. The organization's mission is to enhance the well-being of its participants by ensuring they have access to essential healthcare services.

Is Chicago Area Ib Of T Health And Welfare Trust Fund legitimate?

Chicago Area Ib Of T Health And Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chicago Area Ib Of T Health And Welfare Trust 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: $118,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,779

For more financial information, click here

What is the mission statement of Chicago Area Ib Of T Health And Welfare Trust Fund?

The Chicago Area Ib Of T Health and Welfare Trust Fund is dedicated to extending health benefits to eligible individuals. Through a health benefit fund, the organization offers comprehensive coverage, encompassing medical, dental, vision, sickness, and accidental death benefits. Its primary objective is to enhance the wellbeing of participants by ensuring access to essential healthcare services. The Trust Fund's commitment extends to the dependents of eligible participants, broadening its reach and impact.

Who is the CEO of Chicago Area Ib Of T Health And Welfare Trust Fund?

Howard Murdoch is the Trustee of Chicago Area Ib Of T Health And Welfare Trust Fund.

What is the revenue of Chicago Area Ib Of T Health And Welfare Trust Fund?

Chicago Area Ib Of T Health And Welfare Trust Fund's revenue in 2023 was $20,930,428.

Who are the executives of Chicago Area Ib Of T Health And Welfare Trust Fund and what are their salaries?

The average compensation at Chicago Area Ib Of T Health And Welfare Trust Fund during 2023 was $36,984. There are 9 employees at Chicago Area Ib Of T Health And Welfare Trust Fund.


Here are 8 key members and their salaries:


Howard Murdoch (Trustee)
  • Compensation: $0
  • Related: $103,769
  • Other: $52,711
Patrick Bruno (Trustee)
  • Compensation: $0
  • Related: $110,473
  • Other: $52,711
Ronald Sandack (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Philipp (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Burke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Stiede (Fund Manager)
  • Compensation: $22,272
  • Related: $113,035
  • Other: $67,406
Laura Caballero (Assistant Fund Manager)
  • Compensation: $180,109
  • Related: $0
  • Other: $45,311
Denise Lukaszewski (Comptroller)
  • Compensation: $112,350
  • Related: $0
  • Other: $45,311
Where can I find the form 990 for Chicago Area Ib Of T Health And Welfare Trust Fund?

Chicago Area Ib Of T Health And Welfare Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Chicago Area Ib Of T Health And Welfare Trust Fund

The Chicago Area Ib Of T Health and Welfare Trust Fund is a mission-driven organization dedicated to extending health benefits to eligible participants and their dependents. By operating a health benefit fund, this Trust aims to ensure access to essential medical, dental, vision, sickness, and accidental death benefits.

In simple terms, the Chicago Area Ib Of T Health and Welfare Trust Fund is committed to promoting the health and well-being of its members. Through the provision of various health-related services, the Trust fosters a healthier and more secure community. With offerings such as medical coverage, dental care, and vision insurance, the Trust addresses a broad range of health concerns, ensuring that its members have the resources they need to maintain their overall health. Moreover, the Trust extends its support to dependents of eligible participants, ensuring that families remain covered and protected.

The Chicago Area Ib Of T Health and Welfare Trust Fund's unwavering dedication to providing health benefits is not just about addressing immediate medical needs. Rather, it's about creating a sustainable and comprehensive health care solution. By offering sickness and accidental death benefits, the Trust not only supports its members during periods of illness or injury but also provides them with peace of mind, knowing that they are covered in times of unexpected hardship.

In conclusion, the Chicago Area Ib Of T Health and Welfare Trust Fund is a vital nonprofit organization that aims to improve the lives of its members by ensuring access to essential health benefits. Its commitment to offering medical, dental, vision, sickness, and accidental death benefits not only enhances the overall well-being of its members but also provides them with the security and peace of mind that comes from knowing they are covered during times of need.

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Impact




October, 2024

The Chicago Area IB of T Health and Welfare Trust Fund significantly impacts the health and well-being of its participants and their families by offering comprehensive health benefits. Through its tailored health benefit fund, it provides essential medical, dental, and vision coverage, ensuring that eligible individuals have access to necessary healthcare services. This support not only helps to alleviate financial burdens associated with medical care but also promotes overall wellness and peace of mind for participants. Additionally, the inclusion of benefits for sickness and accidental death adds an extra layer of security for families, fostering a sense of community and mutual support among members. By prioritizing the health needs of its participants, the Trust Fund plays a crucial role in enhancing the quality of life for those it serves in the Downers Grove, IL area and surrounding regions.




This information is meant to be a general summary of Chicago Area Ib Of T Health And Welfare Trust 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
$20,930,428 (2023)
Expenses
$20,111,470 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $1,897,993
  • Program Service Revenue: $19,031,901
  • Gross Receipts: $37,300,216

Assets and Liabilities:

  • Total Assets: $92,111,044
  • Total Liabilities: $631,040
  • Net Assets: $91,480,004

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$18,955,429

PARTICIPANT CONTRIBUTIONS

Revenue

$76,472

Organization Details

Founding Year

1951

Principal Officer

Howard Murdoch

Main Address

1333 BUTTERFIELD ROAD 110, DOWNERS GROVE, IL, 60515

NTEE Category

Code: Y40 - Mutual benefit

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