Overview
What is Construction Industry Welfare Fund Of Rockford Illinois?
The Construction Industry Welfare Fund of Rockford Illinois is a nonprofit organization dedicated to providing health benefits to eligible participants. This includes coverage for medical, dental, vision, prescription drugs, life, and loss of time benefits for participants and their dependents. The mission of this fund is geared towards enhancing the wellbeing of its participants by offering comprehensive health benefits.
What are the reviews and ratings of this charity?
The Construction Industry Welfare Fund Of Rockford Illinois is currently not rated by Charity Navigator. This lack of rating stems from the fund not being a 501(c)(3) IRS registered nonprofit organization, which is a requirement for evaluations in multiple categories such as Accountability, Finance, and others.
The unavailability of a rating does not imply any specific assessment, positive or negative, about the organization. It simply indicates that the fund does not meet the criteria used by Charity Navigator to evaluate nonprofits due to its different IRS classification. Historically, such organizations would instead be evaluated based on a version of the Accountability and Finance score, when applicable.
There are no user reviews available on GreatNonprofits for the Construction Industry Welfare Fund, thus no additional insights from public sentiment or user experiences are available at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Construction Industry Welfare Fund Of Rockford Illinois legitimate?
Construction Industry Welfare Fund Of Rockford Illinois is a legitimate nonprofit organization registered as a 501(c)(9) entity. Construction Industry Welfare Fund Of Rockford Illinois 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: $103,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,982
For more financial information, click here
What is the mission statement of Construction Industry Welfare Fund Of Rockford Illinois?
The Construction Industry Welfare Fund of Illinois offers health benefits to its participants. This fund provides essential medical, dental, vision, and prescription drug coverage. Furthermore, it offers life and loss of time benefits to eligible individuals and their dependents. The primary goal of this organization is to ensure the well-being of those involved in the construction industry by delivering comprehensive health benefits.
Who is the CEO of Construction Industry Welfare Fund Of Rockford Illinois?
Art Sturms is the Labor Co-Chair of Construction Industry Welfare Fund Of Rockford Illinois.
What is the revenue of Construction Industry Welfare Fund Of Rockford Illinois?
Construction Industry Welfare Fund Of Rockford Illinois's revenue in 2022 was $19,275,616.
Who are the executives of Construction Industry Welfare Fund Of Rockford Illinois and what are their salaries?
The average compensation at Construction Industry Welfare Fund Of Rockford Illinois during 2022 was $5,840. There are 26 employees at Construction Industry Welfare Fund Of Rockford Illinois.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $130,181
- Other: $53,094
- Compensation: $0
- Related: $98,756
- Other: $68,351
- Compensation: $0
- Related: $135,975
- Other: $24,737
- Compensation: $0
- Related: $166,517
- Other: $97,075
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $12,000
- Other: $0
- Compensation: $71,275
- Related: $0
- Other: $30,093
Where can I find the form 990 for Construction Industry Welfare Fund Of Rockford Illinois?
Construction Industry Welfare Fund Of Rockford Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Construction Industry Welfare Fund Of Rockford Illinois
The Construction Industry Welfare Fund of Rockford Illinois is a nonprofit organization devoted to extending health benefits to its eligible participants. With a focus on medical, dental, vision, prescription drugs, life, and loss of time coverage, this fund ensures the wellbeing of its members and their dependents. By providing a comprehensive range of health benefits, the Construction Industry Welfare Fund of Rockford Illinois plays a vital role in safeguarding the health and financial security of its participants.
Established with the primary objective of delivering essential health services, the Construction Industry Welfare Fund of Rockford Illinois has been an invaluable resource for countless individuals. The fund's health offerings are designed to meet the diverse needs of its members, ensuring access to critical medical care, dental services, vision care, and prescription medications. Moreover, the fund extends its support beyond just health care by offering life and loss of time benefits, further enriching the lives of those it serves.
Through its commitment to providing health benefits, the Construction Industry Welfare Fund of Rockford Illinois empowers its participants to focus on their personal and professional pursuits, secure in the knowledge that their health needs are being met. The organization's mission is to maintain a robust and inclusive health care system, enabling its members to live healthier, more productive lives.
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Impact
October, 2024
The Construction Industry Welfare Fund of Rockford, Illinois, plays a significant role in enhancing the well-being of individuals within the construction industry by providing essential health benefits. By offering a comprehensive array of benefits, including medical, dental, vision, and prescription drug coverage, the Fund addresses critical health needs that can affect both workers and their families.
This support not only facilitates access to necessary healthcare services, but also alleviates financial burdens associated with medical costs, ensuring that eligible participants can focus on their work without the added stress of health-related issues. Additionally, the provision of life and loss of time benefits reinforces a safety net for workers, contributing to a healthier and more secure workforce.
By prioritizing the health and welfare of construction workers and their dependents in Rockford, the Fund fosters a culture of mutual support and resilience within the industry. Overall, the Construction Industry Welfare Fund significantly impacts the lives of its participants, promoting not just individual health, but also the overall productivity and stability of the construction sector in the region.
This information is meant to be a general summary of Construction Industry Welfare Fund Of Rockford Illinois. 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: $235,897
- Program Service Revenue: $18,922,315
- Gross Receipts: $21,036,660
Assets and Liabilities:
- Total Assets: $20,751,099
- Total Liabilities: $976,254
- Net Assets: $19,774,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTOR CONTRIBUTIONS
Revenue
$17,775,132
PARTICIPANT CONTRIBUTIONS
Revenue
$1,081,343
COBRA SUBSIDY INCOME
Revenue
$65,840
Organization Details
Founding Year
1954
Phone
(815) 397-4267Principal Officer
Art Sturms
Main Address
1322 EAST STATE STREET, ROCKFORD, IL, 61104
NTEE Category
Code: Y40 - Mutual benefit
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