Local 734 Welfare Fund

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

EIN: 362272414 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is Local 734 Welfare Fund?

The Local 734 Welfare Fund is a Chicago, Illinois-based nonprofit organization that offers support to eligible individuals and their dependents through a range of benefits. Their primary mission is to safeguard the health and well-being of their members, providing comprehensive coverage for medical, dental, vision, and disability-related needs. This includes protection in the event of unforeseen incidents like death, ensuring that beneficiaries can maintain their quality of life despite such hardships. The Fund's services extend beyond financial aid, offering a supportive network for all eligible participants.


Official website here: www.bakerydrivers-local734.com

Is Local 734 Welfare Fund legitimate?

Local 734 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 734 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: $28,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,622

For more financial information, click here


Official website here: www.bakerydrivers-local734.com

What is the mission statement of Local 734 Welfare Fund?

The Local 734 Welfare Fund, in its mission, focuses on providing health benefits to eligible participants and their dependents. This includes coverage for medical needs, dental care, vision services, as well as death and disability benefits. The primary objective of this fund is to ensure the well-being of its participants, providing them with essential healthcare support. The Local 734 Welfare Fund serves as a crucial resource, offering a safety net for its members in times of medical need.


Official website here: www.bakerydrivers-local734.com

Who is the CEO of Local 734 Welfare Fund?

Scott Kunz is the Former Trustee of Local 734 Welfare Fund.


Official website here: www.bakerydrivers-local734.com

What is the revenue of Local 734 Welfare Fund?

Local 734 Welfare Fund's revenue in 2022 was $8,774,765.


Official website here: www.bakerydrivers-local734.com

Who are the executives of Local 734 Welfare Fund and what are their salaries?

The average compensation at Local 734 Welfare Fund during 2022 was $20,431. There are 8 employees at Local 734 Welfare Fund.


Here are 11 key members and their salaries:


Brian Meidel (Former Trustee)
  • Compensation: $0
  • Related: $98,313
  • Other: $24,960
Scott Kunz (Trustee)
  • Compensation: $0
  • Related: $101,951
  • Other: $24,960
Robert Cruice (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Engler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Waltz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Lanski (Trustee)
  • Compensation: $0
  • Related: $87,921
  • Other: $24,960
Mark Mizera (Former Trustee)
  • Compensation: $22,000
  • Related: $1,500
  • Other: $11,040
Jeff Burdeaux (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Lauricella (Trustee)
  • Compensation: $0
  • Related: $5,600
  • Other: $0
Carlos Ramirez (Trustee)
  • Compensation: $0
  • Related: $17,908
  • Other: $1,920
Thomas Boehm (Fund Administrator)
  • Compensation: $112,500
  • Related: $0
  • Other: $25,440


Official website here: www.bakerydrivers-local734.com

Where can I find the form 990 for Local 734 Welfare Fund?

Local 734 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bakerydrivers-local734.com

Learn more at the official website: www.bakerydrivers-local734.com

Mission Statement of Local 734 Welfare Fund

The Local 734 Welfare Fund, in its mission, focuses on providing essential health benefits to eligible participants and their dependents. This nonprofit organization offers a range of services, including healthcare, dental care, vision support, and provisions for death and disability. By extending these benefits, the Local 734 Welfare Fund aims to contribute positively to the well-being of its participants, ensuring they have access to the necessary medical services they require.

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Impact




October, 2024

The Local 734 Welfare Fund significantly impacts the health and well-being of participants and their families in Chicago, IL, by providing comprehensive health care, dental, and vision benefits. Its focus on supporting eligible individuals through death and disability benefits ensures that members have financial security during challenging times. By addressing essential health needs, the Fund plays a crucial role in enhancing the quality of life for its participants, allowing them to focus on their work and families without the added stress of healthcare uncertainties. This mutual benefit fosters a strong sense of community and support among participants, contributing to their overall stability and resilience.




This information is meant to be a general summary of Local 734 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
$12,031,475 (2022)
Expenses
$12,528,041 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $9,673
  • Program Service Revenue: $8,716,465
  • Gross Receipts: $16,052,104

Assets and Liabilities:

  • Total Assets: $15,365,096
  • Total Liabilities: $651,004
  • Net Assets: $14,714,092

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$8,295,126

PARTICIPANT CONTRIBUTIONS

Revenue

$421,339

Organization Details

Founding Year

1954

Principal Officer

Scott Kunz

Main Address

6643 NORTH NORTHWEST HIGHWAY, CHICAGO, IL, 60631

NTEE Category

Code: Y40 - Mutual benefit

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