Overview
What is Smart Local 265 Welfare Fund?
The Smart Local 265 Welfare Fund is a nonprofit organization, located at 205 Alexandria Way in Carol Stream, Illinois (60188), that offers health, dental, prescription drug, vision, and death benefits to eligible participants under the Sheet Metal Workers Local 265 Union's collective bargaining agreement. The organization, with a workforce of 74 individuals, provides substantially comprehensive health coverage to substantially all participating persons.
What are the reviews and ratings of this charity?
Smart Local 265 Welfare Fund is not currently rated by Charity Navigator. The absence of a rating suggests that the organization has not been evaluated using the usual metrics that apply to 501(c)(3) nonprofits, as it does not fall under this category. While this lack of a rating does not imply a negative or positive status, it highlights the organization's current ineligibility in terms of certain evaluation beacons, such as Accountability & Finance or Impact & Measurement.
The lack of available data on revenue, expenses, and salary for key persons also adds to the challenges in assessing the organization comprehensively via Charity Navigator's standard methods. However, the organization's independent status may reflect its autonomy in operational matters, although this doesn't provide a specific measure of its effectiveness or financial health.
Without reviews from GreatNonprofits, it's not possible to gather insights from users about their experiences with Smart Local 265 Welfare Fund. Thus, while foundational data is minimal, potential benefactors or stakeholders might need to seek further details directly from the organization if clarity on operations, impact, or finances is required.
This AI summary has been generated from information found on Charity Navigator.
Is Smart Local 265 Welfare Fund legitimate?
Smart Local 265 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Smart Local 265 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: $669,260
For more financial information, click here
What is the mission statement of Smart Local 265 Welfare Fund?
The Smart Local 265 Welfare Fund is dedicated to offering substantial health, dental, prescription drug, vision, and death benefits to individuals falling under the jurisdiction of the Sheet Metal Workers Local 265 Union's collective bargaining agreement. Through this comprehensive coverage, the Fund prioritizes the wellbeing and security of its participants, ensuring they have access to essential healthcare services when they need it most. With a focus on providing comprehensive health solutions, the Fund aims to improve the overall health and quality of life for those it serves.
Who is the CEO of Smart Local 265 Welfare Fund?
John Daniel is the Trustee of Smart Local 265 Welfare Fund.
What is the revenue of Smart Local 265 Welfare Fund?
Smart Local 265 Welfare Fund's revenue in 2022 was $27,083,938.
Who are the executives of Smart Local 265 Welfare Fund and what are their salaries?
The average compensation at Smart Local 265 Welfare Fund during 2022 was $9,044. There are 74 employees at Smart Local 265 Welfare Fund.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $181,123
- Other: $100,760
- Compensation: $0
- Related: $145,639
- Other: $89,445
- Compensation: $0
- Related: $145,841
- Other: $89,979
- Compensation: $0
- Related: $146,695
- Other: $90,550
- Compensation: $0
- Related: $146,497
- Other: $90,534
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $150,551
- Related: $0
- Other: $59,667
Where can I find the form 990 for Smart Local 265 Welfare Fund?
Smart Local 265 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smart Local 265 Welfare Fund
Smart Local 265 Welfare Fund is a nonprofit organization that offers essential benefits to a substantial number of participating individuals under the Sheet Metal Workers Local 265 Union's Collective Bargaining Agreement. The mission of this fund is geared towards providing comprehensive health, dental, prescription drug, vision, and death benefits to its eligible members.
In layman's terms, Smart Local 265 Welfare Fund serves as a safety net for its union members, ensuring they have access to vital healthcare services when they need it most. The fund covers a wide range of health-related needs, from hospital treatments and major medical care to long-term disability benefits and dental and vision care. Furthermore, the organization extends its support to the families of its members by providing death benefits, ensuring they are financially protected during their time of grief.
Through its commitment to delivering these essential benefits, Smart Local 265 Welfare Fund plays a pivotal role in enhancing the quality of life for its union members and their families. By providing a comprehensive suite of healthcare services, the organization not only offers peace of mind but also alleviates the financial burden that often comes with accessing healthcare. This, in turn, enables its members to focus on their personal and professional growth, thereby contributing to a stronger and more resilient union community.
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Impact
October, 2024
Smart Local 265 Welfare Fund significantly impacts the lives of its participants by providing essential health and welfare benefits. It covers a comprehensive range of services, including health care, dental, vision, and prescription drug coverage, ensuring that eligible individuals have access to necessary medical care and support.
By offering these benefits under the Sheet Metal Workers Local 265 Union's collective bargaining agreement, the fund enhances the overall well-being of union members and their families. This support helps alleviate financial burdens associated with health care expenses, enabling participants to focus on their work and personal lives with greater peace of mind. Additionally, the provision of long-term disability and death benefits offers critical security during challenging times, further solidifying the welfare fund's role in fostering a supportive community for its members in Carol Stream, Illinois.
This information is meant to be a general summary of Smart Local 265 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $489,135
- Program Service Revenue: $25,916,457
- Gross Receipts: $69,329,771
Assets and Liabilities:
- Total Assets: $43,023,590
- Total Liabilities: $14,717,888
- Net Assets: $28,305,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$23,230,872
EMPLOYEE CONTRIBUTIONS
Revenue
$2,685,585
Organization Details
Founding Year
1962
Phone
(630) 668-7260Principal Officer
John Daniel
Main Address
205 ALEXANDRA WAY, CAROL STREAM, IL, 60188
NTEE Category
Code: Y40 - Mutual benefit
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