Overview
What is Local No 731 I B Of T Health And Welfare Fund?
The Local No 731 I B Of T Health and Welfare Fund is a nonprofit organization based in Burr Ridge, Illinois, with the address 1000 Burr Ridge Pkwy. Their mission is to provide essential benefits to eligible participants and their dependents, including medical, dental, vision, life, and loss of time coverage. This fund strives to support the health and well-being of those it serves by offering a comprehensive range of benefits.
Is Local No 731 I B Of T Health And Welfare Fund legitimate?
Local No 731 I B Of T Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local No 731 I B Of T Health And 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
What is the mission statement of Local No 731 I B Of T Health And Welfare Fund?
The Local No 731 I B Of T Health and Welfare Fund is dedicated to extending essential benefits to eligible participants and their dependents. They offer medical, dental, vision, life, and loss of time coverage. Their primary goal is to ensure the wellbeing of those they serve by providing vital benefits in these areas. Through their services, they aim to alleviate the financial burdens that come with healthcare expenses. Additionally, the fund seeks to offer peace of mind and security by providing coverage for unforeseen circumstances, such as loss of income due to illness or injury. The organization's commitment to its members is demonstrated through its comprehensive range of benefits.
Who is the CEO of Local No 731 I B Of T Health And Welfare Fund?
Terrence J Hancock is the Trustee of Local No 731 I B Of T Health And Welfare Fund.
What is the revenue of Local No 731 I B Of T Health And Welfare Fund?
Local No 731 I B Of T Health And Welfare Fund's revenue in 2022 was $72,132,920.
Who are the executives of Local No 731 I B Of T Health And Welfare Fund and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $325,543
- Other: $79,148
- Compensation: $0
- Related: $290,697
- Other: $79,148
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $231,743
- Other: $67,960
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $133,030
- Other: $14,337
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $139,175
- Other: $39,136
- Compensation: $191,639
- Related: $0
- Other: $14,152
Where can I find the form 990 for Local No 731 I B Of T Health And Welfare Fund?
Local No 731 I B Of T Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local No 731 I B Of T Health And Welfare Fund
Local No 731 I B Of T Health and Welfare Fund is a mission-driven organization committed to providing essential benefits to eligible participants and their dependents. In simple terms, this nonprofit aims to ensure the well-being of its members by offering medical, dental, vision, life, and loss of time benefits. This comprehensive approach to health and welfare covers a broad range of needs, ensuring that the people it serves are able to maintain their overall health and financial security. By extending these benefits, Local No 731 I B Of T Health and Welfare Fund plays a vital role in improving the lives of those it serves, allowing them to focus on their health and well-being rather than worrying about the financial burdens of healthcare costs. The organization's unwavering dedication to its mission is a testament to its commitment to making a positive difference in the lives of its members.
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Impact
October, 2024
Local No 731 I B Of T Health And Welfare Fund significantly enhances the quality of life for its eligible participants and their dependents by providing essential medical, dental, vision, life, and loss of time benefits. This support ensures that individuals have access to necessary healthcare services, contributing to their overall well-being and productivity.
By facilitating access to comprehensive healthcare options, the fund helps to alleviate the financial burden associated with medical expenses, allowing participants to focus on their careers and families without the constant worry of healthcare costs. The availability of vision and dental benefits promotes not only physical health but also preventative care, which can lead to better long-term health outcomes.
Additionally, the provision of life and loss of time benefits serves as a safety net during unforeseen circumstances, offering financial security and peace of mind to participants and their families. Overall, Local No 731 I B Of T Health And Welfare Fund plays a crucial role in fostering a healthier, more secure community.
This information is meant to be a general summary of Local No 731 I B Of T Health And 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: $1,484,687
- Program Service Revenue: $70,648,233
- Gross Receipts: $82,623,221
Assets and Liabilities:
- Total Assets: $106,732,974
- Total Liabilities: $7,950,101
- Net Assets: $98,782,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$61,118,832
PARTICIPANT AND RETIREE CONTRIBUT
Revenue
$9,529,401
Organization Details
Founding Year
1953
Phone
(630) 887-4150Principal Officer
Terrence J Hancock
Main Address
1000 BURR RIDGE PKWY, BURR RIDGE, IL, 60527
NTEE Category
Code: Y40 - Mutual benefit
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