Illinois Tool Works Inc Voluntary Employees' Beneficiary Association

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

EIN: 363183297 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is Illinois Tool Works Inc Voluntary Employees' Beneficiary Association?

The Illinois Tool Works Voluntary Employees' Beneficiary Association is a nonprofit organization dedicated to fulfilling its mission of providing payments for benefits. This organization falls under the category of fraternal beneficiary societies and voluntary employees associations. Its primary focus is on offering financial support to its members or beneficiaries as needed.

Is Illinois Tool Works Inc Voluntary Employees' Beneficiary Association legitimate?

Illinois Tool Works Inc Voluntary Employees' Beneficiary Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Illinois Tool Works Inc Voluntary Employees' Beneficiary Association 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 Illinois Tool Works Inc Voluntary Employees' Beneficiary Association?

The Illinois Tool Works Voluntary Employees' Beneficiary Association, functioning within the realm of fraternal beneficiary societies and voluntary employees associations, is dedicated to fulfilling its mission. This mission centers around the provision of benefits payment. The association's role is to ensure that the necessary financial assistance is distributed to the concerned individuals, serving as a crucial support system.

Who is the CEO of Illinois Tool Works Inc Voluntary Employees' Beneficiary Association?

Karen Tulloch is the Trustee of Illinois Tool Works Inc Voluntary Employees' Beneficiary Association.

What is the revenue of Illinois Tool Works Inc Voluntary Employees' Beneficiary Association?

Illinois Tool Works Inc Voluntary Employees' Beneficiary Association's revenue in 2022 was $2,265,703.

Who are the executives of Illinois Tool Works Inc Voluntary Employees' Beneficiary Association and what are their salaries?


Here are 7 key members and their salaries:


Karen Tulloch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guil Silva (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Szafranski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall J Scheuneman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John R Hartnett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Otsuka Love (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Northern Trust Company (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Illinois Tool Works Inc Voluntary Employees' Beneficiary Association?

Illinois Tool Works Inc Voluntary Employees' Beneficiary Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Illinois Tool Works Inc Voluntary Employees' Beneficiary Association

The Illinois Tool Works Voluntary Employees' Beneficiary Association, as a fraternal beneficiary society and voluntary employees association, is committed to fulfilling its mission of providing payment of benefits. This nonprofit organization operates with the primary goal of offering financial assistance to its members in need. By categorizing itself as a voluntary employees association, it emphasizes the fact that its members actively choose to be a part of the organization and benefit from its services. The Illinois Tool Works Voluntary Employees' Beneficiary Association serves as a safety net for its members, providing them with financial support during challenging times.

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Impact




October, 2024

Illinois Tool Works Inc Voluntary Employees' Beneficiary Association significantly impacts its members by providing essential financial benefits designed to support them in times of need. By offering a structured system for benefit payments, it plays a crucial role in enhancing the financial security of its members. This organization operates within the framework of fraternal beneficiary societies, ensuring that members can rely on assistance during challenging times.

Located in Chicago, Illinois, the association’s mission focuses on creating a safety net for participants, which fosters a sense of community and mutual support. By fulfilling its commitment to benefit payments, the association not only aids individual members but also strengthens the bonds among them, thereby enriching the overall welfare of the community it serves. Such a model encourages solidarity and provides peace of mind, knowing that there is a support system in place for unforeseen circumstances.




This information is meant to be a general summary of Illinois Tool Works Inc Voluntary Employees' Beneficiary Association. 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
$2,265,703 (2022)
Expenses
$29,062,173 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,265,703
  • Gross Receipts: $7,365,443

Assets and Liabilities:

  • Total Assets: $335,874,428
  • Total Liabilities: $0
  • Net Assets: $335,874,428

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Organization Details

Founding Year

2002

Principal Officer

Karen Tulloch

Main Address

PO BOX 804358, CHICAGO, IL, 60680

NTEE Category

Code: Y40 - Mutual benefit

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