Overview
What is Local 705 Ib Of T Health And Welfare Fund?
Local 705 Ib Of T Health and Welfare Fund is a nonprofit organization based in Chicago, Illinois, specifically located at 1645 West Jackson Blvd, 7th Floor. Their primary mission is to extend health and welfare benefits to eligible participants and their dependents. In simple terms, they offer essential services to qualified individuals, ensuring they have access to various health-related advantages. The organization boasts a team of nine dedicated employees, with a commitment to enhancing the wellbeing of those they serve.
Is Local 705 Ib Of T Health And Welfare Fund legitimate?
Local 705 Ib Of T Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 705 Ib 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: $79,033
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,702
For more financial information, click here
What is the mission statement of Local 705 Ib Of T Health And Welfare Fund?
The Local 705 Ib Of T Health and Welfare Fund is dedicated to extending health and welfare benefits to eligible participants and their family dependents. This mission is conveyed through the provision of these essential services. By delivering these benefits, the Fund aims to contribute positively to the wellbeing and health of those it serves. The organization's focus is on ensuring access to vital health services, enhancing overall quality of life for the eligible population.
Who is the CEO of Local 705 Ib Of T Health And Welfare Fund?
Jack Witt is the Trustee of Local 705 Ib Of T Health And Welfare Fund.
What is the revenue of Local 705 Ib Of T Health And Welfare Fund?
Local 705 Ib Of T Health And Welfare Fund's revenue in 2022 was $43,915,156.
Who are the executives of Local 705 Ib Of T Health And Welfare Fund and what are their salaries?
The average compensation at Local 705 Ib Of T Health And Welfare Fund during 2022 was $70,971. There are 9 employees at Local 705 Ib Of T Health And Welfare Fund.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $184,411
- Other: $95,174
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $181,525
- Other: $92,795
- Compensation: $0
- Related: $180,272
- Other: $92,671
- Compensation: $0
- Related: $189,416
- Other: $95,175
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $184,134
- Other: $60,642
- Compensation: $128,414
- Related: $0
- Other: $60,642
- Compensation: $108,479
- Related: $0
- Other: $55,642
Where can I find the form 990 for Local 705 Ib Of T Health And Welfare Fund?
Local 705 Ib Of T Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 705 Ib Of T Health And Welfare Fund
Local 705 Ib Of T Health and Welfare Fund is a mission-driven organization dedicated to extending health and welfare benefits to eligible participants and their dependents. The primary focus of this entity is to ensure that those in need have access to essential health services and support.
Through its commitment to providing health and welfare benefits, Local 705 Ib Of T Health and Welfare Fund empowers individuals to focus on their well-being and improve their quality of life. By offering these benefits, the organization takes a significant step towards addressing the healthcare needs of its constituents, enabling them to face various life challenges with confidence and resilience.
Local 705 Ib Of T Health and Welfare Fund's mission is geared towards making a difference in the lives of eligible participants and their families. By delivering on its promise to provide health and welfare benefits, the organization plays a crucial role in securing the peace of mind and overall well-being of those it serves. This commitment to excellence and compassion has been the cornerstone of Local 705 Ib Of T Health and Welfare Fund's legacy, making it an invaluable resource for those in need.
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Impact
October, 2024
Local 705 Ib Of T Health And Welfare Fund plays a crucial role in the community by providing health benefits to eligible participants and their dependents. This support ensures access to necessary healthcare services, which can significantly improve the quality of life for individuals and families in the Chicago area.
By offering health and welfare benefits, the fund alleviates financial burdens associated with medical expenses. This enhances overall health outcomes, encourages preventive care, and fosters a healthier workforce. Its mission directly contributes to the well-being of its members, helping to create a more secure and stable community.
The impact extends beyond individual recipients, positively influencing families and promoting a culture of health and support within the community. The fund’s commitment to providing these essential services underscores the importance of mutual benefit, as members can rely on one another for comprehensive health support.
This information is meant to be a general summary of Local 705 Ib 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: -$1,969,032
- Program Service Revenue: $45,841,161
- Gross Receipts: $111,623,263
Assets and Liabilities:
- Total Assets: $101,675,231
- Total Liabilities: $11,669,895
- Net Assets: $90,005,336
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$44,886,935
RETIREE CONTRIBUTIONS
Revenue
$931,162
COBRA CONTRIBUTIONS
Revenue
$23,064
Organization Details
Founding Year
1955
Phone
(312) 738-2811Principal Officer
Jack Witt
Main Address
1645 WEST JACKSON BLVD 7TH FLOOR, CHICAGO, IL, 60612
NTEE Category
Code: Y40 - Mutual benefit
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