Structural Iron Workers Local 1 Welfare Fund

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

EIN: 362196735 ✦ Forest park, IL ✦ Designated as a 501(c)(9)

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Overview

What is Structural Iron Workers Local 1 Welfare Fund?

The Structural Iron Workers Local 1 Welfare Fund is a non-profit organization based in Forest Park, Illinois, with the address 7700 Industrial Drive. This entity is dedicated to offering essential benefits to eligible participants and their beneficiaries. The extensive scope of these benefits includes medical coverage, dental care, optical services, hearing aids, disability assistance, and death benefits, as well as health reimbursement accounts. The mission of the Structural Iron Workers Local 1 Welfare Fund is to provide and facilitate the access to these benefits as outlined in the plan document.


Official website here: www.iwlocal1.com

Is Structural Iron Workers Local 1 Welfare Fund legitimate?

Structural Iron Workers Local 1 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Structural Iron Workers Local 1 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: $0

For more financial information, click here


Official website here: www.iwlocal1.com

What is the mission statement of Structural Iron Workers Local 1 Welfare Fund?

The Structural Iron Workers Local 1 Welfare Fund is dedicated to extending benefits to eligible participants and their beneficiaries as outlined in the plan document. The primary focus of this organization is to ensure the provision of essential medical, dental, optical, hearing aid, disability, death benefits, and health reimbursement accounts. By doing so, it aims to secure peace of mind and financial security for those involved. The welfare fund's purpose is to support and enhance the overall well-being of its members and their dependents, ultimately improving their quality of life.


Official website here: www.iwlocal1.com

Who is the CEO of Structural Iron Workers Local 1 Welfare Fund?

John F Gardiner is the Employer Trustee of Structural Iron Workers Local 1 Welfare Fund.


Official website here: www.iwlocal1.com

What is the revenue of Structural Iron Workers Local 1 Welfare Fund?

Structural Iron Workers Local 1 Welfare Fund's revenue in 2022 was $36,945,975.


Official website here: www.iwlocal1.com

Who are the executives of Structural Iron Workers Local 1 Welfare Fund and what are their salaries?


Here are 6 key members and their salaries:


David Quin (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Clark (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Esposito (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Satalic (Union Trustee)
  • Compensation: $0
  • Related: $237,494
  • Other: $191,300
John Gardiner (Union Trustee)
  • Compensation: $0
  • Related: $193,641
  • Other: $165,358
Todd Villa (Union Trustee)
  • Compensation: $0
  • Related: $195,546
  • Other: $168,124


Official website here: www.iwlocal1.com

Where can I find the form 990 for Structural Iron Workers Local 1 Welfare Fund?

Structural Iron Workers Local 1 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iwlocal1.com

Learn more at the official website: www.iwlocal1.com

Mission Statement of Structural Iron Workers Local 1 Welfare Fund

Structural Iron Workers Local 1 Welfare Fund is a dedicated organization that aims to extend essential benefits to its eligible participants and their beneficiaries, as outlined in the plan document. This nonprofit entity takes pride in its mission to provide comprehensive coverage, encompassing medical, dental, optical, hearing aids, disability, and death benefits, along with health reimbursement accounts. By doing so, it ensures that the people it serves have access to crucial services necessary for maintaining good health and well-being. In essence, Structural Iron Workers Local 1 Welfare Fund stands as a vital safety net for its members, offering them peace of mind and security in times of need.

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Impact




October, 2024

The Structural Iron Workers Local 1 Welfare Fund significantly impacts the lives of its participants and their beneficiaries by providing essential benefits that enhance their overall well-being. The fund offers a comprehensive range of medical, dental, optical, and hearing aid services, ensuring that members have access to vital healthcare resources.

In addition to these crucial health benefits, it also provides disability and death benefits, offering financial support during challenging times. The inclusion of health reimbursement accounts further empowers participants to manage their healthcare expenses effectively. This multifaceted approach not only promotes physical health and well-being but also provides financial security for families, reinforcing a sense of community and support among iron workers in Forest Park, IL, and beyond.




This information is meant to be a general summary of Structural Iron Workers Local 1 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
$36,945,975 (2022)
Expenses
$36,244,978 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $971,193
  • Program Service Revenue: $35,974,782
  • Gross Receipts: $40,774,283

Assets and Liabilities:

  • Total Assets: $50,898,953
  • Total Liabilities: $3,107,750
  • Net Assets: $47,791,203

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$31,836,536

PRESCRIPTION REBATES

Revenue

$2,524,398

RETIREE CO-PAYMENTS

Revenue

$1,345,815

COBRA CONTRIBUTIONS

Revenue

$268,033

Organization Details

Founding Year

1951

Principal Officer

John F Gardiner

Main Address

7700 INDUSTRIAL DRIVE, FOREST PARK, IL, 60130

NTEE Category

Code: Y40 - Mutual benefit

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