Overview
What is Cement Masons Institute Local 502 Welfare Trust Fund?
The Cement Masons Institute Local 502 Welfare Trust Fund is a nonprofit organization based in Bellwood, Illinois. This fraternal beneficiary society and voluntary employees association focuses on extending health benefits to its participants. Specifically, they offer medical and life insurance coverage. By doing so, they contribute significantly to the well-being and security of their community.
Is Cement Masons Institute Local 502 Welfare Trust Fund legitimate?
Cement Masons Institute Local 502 Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cement Masons Institute Local 502 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: $251,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $814,166
For more financial information, click here
What is the mission statement of Cement Masons Institute Local 502 Welfare Trust Fund?
The Cement Masons Institute Local 502 Welfare Trust Fund serves as a fraternal beneficiary society and voluntary employees association, committed to extending health benefits to its members. Established to prioritize the well-being of its participants, the fund offers medical and life insurance coverage. Although details regarding the specific location of this organization are given, the focus here is on its dedication to providing essential health benefits to those it serves.
Who is the CEO of Cement Masons Institute Local 502 Welfare Trust Fund?
Kevin J Farley is the Trustee of Cement Masons Institute Local 502 Welfare Trust Fund.
What is the revenue of Cement Masons Institute Local 502 Welfare Trust Fund?
Cement Masons Institute Local 502 Welfare Trust Fund's revenue in 2022 was $27,817,282.
Who are the executives of Cement Masons Institute Local 502 Welfare Trust Fund and what are their salaries?
The average compensation at Cement Masons Institute Local 502 Welfare Trust Fund during 2022 was $46,315. There are 23 employees at Cement Masons Institute Local 502 Welfare Trust Fund.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $177,787
- Other: $131,575
- Compensation: $3,908
- Related: $0
- Other: $3,015
- Compensation: $0
- Related: $138,224
- Other: $77,830
- Compensation: $3,926
- Related: $58,211
- Other: $40,951
- Compensation: $0
- Related: $191,226
- Other: $138,810
- Compensation: $4,306
- Related: $0
- Other: $3,317
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $147,415
- Related: $3,597
- Other: $85,408
- Compensation: $137,684
- Related: $11,455
- Other: $77,831
- Compensation: $110,688
- Related: $0
- Other: $62,674
- Compensation: $127,044
- Related: $7,167
- Other: $70,253
Where can I find the form 990 for Cement Masons Institute Local 502 Welfare Trust Fund?
Cement Masons Institute Local 502 Welfare Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cement Masons Institute Local 502 Welfare Trust Fund
The Cement Masons Institute Local 502 Welfare Trust Fund is a fraternal beneficiary society and voluntary employees association committed to extending health benefits to its members. This nonprofit organization's primary mission is to ensure the well-being of its participants by offering essential medical and life insurance coverage.
In a supportive and collaborative environment, the Cement Masons Institute Local 502 Welfare Trust Fund diligently works towards improving the health and financial security of its members. By providing comprehensive health benefits, the organization strives to alleviate the concerns of its participants and enable them to focus on their personal and professional pursuits. Through its dedication to health and wellness, the Cement Masons Institute Local 502 Welfare Trust Fund empowers its members to live their best lives.
The Cement Masons Institute Local 502 Welfare Trust Fund's unwavering commitment to its mission has earned it recognition as a trusted and essential resource for those seeking reliable and affordable health coverage. Its wide range of benefits, focused on catering to the unique needs of its members, has placed it at the forefront of community-driven initiatives aimed at improving overall well-being. By fostering a culture of care and support, the Cement Masons Institute Local 502 Welfare Trust Fund truly makes a difference in the lives of its members.
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Impact
October, 2024
The Cement Masons Institute Local 502 Welfare Trust Fund plays a vital role in enhancing the well-being of its participants by providing essential health benefits. Located in Bellwood, IL, it offers comprehensive medical and life insurance, addressing the critical healthcare needs of its members. This support not only ensures access to necessary medical services but also provides financial security through life insurance coverage. By focusing on the health and welfare of its members, the Trust Fund fosters a community of mutual support and solidarity, empowering participants to lead healthier lives while mitigating the financial burdens associated with healthcare costs.
This information is meant to be a general summary of Cement Masons Institute Local 502 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,063,718
- Program Service Revenue: $26,331,613
- Gross Receipts: $51,710,049
Assets and Liabilities:
- Total Assets: $71,138,874
- Total Liabilities: $445,759
- Net Assets: $70,693,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTOR CONTRIBUTIONS
Revenue
$24,714,844
REIMBURSED ADMINISTRATIVE EXPENSE
Revenue
$803,627
PRESCRIPTION DRUG REBATES
Revenue
$616,732
PARTICIPANT SELF-CONTRIBUTIONS
Revenue
$196,410
Organization Details
Founding Year
1950
Phone
(708) 544-9105Principal Officer
Kevin J Farley
Main Address
739 - 25TH AVENUE, BELLWOOD, IL, 60104
NTEE Category
Code: Y40 - Mutual benefit
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