Overview
What is Arch Ironworkers Local 63 Welfare Fund?
Arch Ironworkers Local 63 Welfare Fund is a nonprofit organization based in Oak Brook, Illinois. With a team of 82 employees, the fund offers essential welfare benefits to eligible participants. These benefits include medical, dental, vision, disability, and death coverage. In response to the challenges brought about by the pandemic, the fund implemented a temporary supplemental unemployment and sickness benefit, which was active from March 23, 2020, until the end of the year.
What are the reviews and ratings of this charity?
Arch Ironworkers Local 63 Welfare Fund is not currently rated by Charity Navigator. This lack of rating arises from the absence of required data for evaluation, specifically an Accountability & Finance beacon or an Impact & Measurement beacon. It's important to note that the absence of a rating does not imply a negative or positive assessment, merely that no evaluation has occurred due to insufficient information.
The organization’s status as not being a 501(c)(3) nonprofit means Charity Navigator cannot assess certain metrics like Impact & Measurement, Culture & Community, and Leadership & Adaptability. These aspects typically help donors understand the broader effectiveness and organizational health, which are not available here.
No user reviews are available on GreatNonprofits either, leaving a gap in community feedback. Without direct donor or beneficiary experiences, it’s challenging to gauge the organization’s public perception or personal impact. Overall, the lack of data limits a comprehensive understanding of the organization's performance and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Arch Ironworkers Local 63 Welfare Fund legitimate?
Arch Ironworkers Local 63 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Arch Ironworkers Local 63 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 Arch Ironworkers Local 63 Welfare Fund?
The Arch Ironworkers Local 63 Welfare Fund is committed to providing essential benefits to eligible participants. Its mission encompasses offering medical, dental, vision, disability, and death benefits. During the unprecedented times brought about by the pandemic, a temporary supplemental unemployment and sickness benefit was implemented, providing much-needed support to those in need. The Fund's purpose is to ensure the wellbeing of its members by addressing their healthcare and financial needs.
What is the revenue of Arch Ironworkers Local 63 Welfare Fund?
Arch Ironworkers Local 63 Welfare Fund's revenue in 2024 was $27,299,197.
Who are the executives of Arch Ironworkers Local 63 Welfare Fund and what are their salaries?
There are 46 employees at Arch Ironworkers Local 63 Welfare Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $200,503
- Other: $137,246
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $178,141
- Other: $126,887
- Compensation: $0
- Related: $174,625
- Other: $126,887
Where can I find the form 990 for Arch Ironworkers Local 63 Welfare Fund?
Arch Ironworkers Local 63 Welfare Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Arch Ironworkers Local 63 Welfare Fund
Arch Ironworkers Local 63 Welfare Fund is a charitable organization dedicated to extending vital benefits to eligible participants. Its primary mission lies in providing medical, dental, vision, disability, and death coverage. The Fund goes above and beyond, ensuring that those it serves have access to essential welfare services.
The Arch Ironworkers Local 63 Welfare Fund has implemented a comprehensive set of programs. These programs aim to secure the health and wellbeing of the participants with unwavering commitment. In response to the unprecedented challenges of the pandemic, a temporary supplemental unemployment and sickness benefit was introduced on March 23, 2020. This crucial addition was designed to support participants during their periods of need. The benefit period for this provisional plan came to a close on December 31, 2020.
The Arch Ironworkers Local 63 Welfare Fund stands as a beacon of hope for those who require critical assistance. With its extensive offerings, the organization ensures that its beneficiaries are well-equipped to tackle life's challenges. The Fund's unwavering dedication to providing medical, dental, vision, disability, and death benefits fosters a sense of security and relief among its participants. In times of need, the Arch Ironworkers Local 63 Welfare Fund is there to help bridge the gap and make a difference in the lives of those it serves.
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Impact
October, 2024
Arch Ironworkers Local 63 Welfare Fund significantly impacts the lives of its eligible participants by offering essential medical, dental, vision, and disability benefits. By ensuring access to comprehensive healthcare services, the Fund plays a vital role in improving the overall well-being of members and their families.
Additionally, the provision of death benefits offers financial security, alleviating the burden on families during difficult times. The implementation of temporary supplemental unemployment and sickness benefits during critical periods, such as the COVID-19 pandemic, underscores the Fund's commitment to support workers facing unexpected challenges. This holistic approach to welfare not only fosters a healthier workforce but also enhances the quality of life for many, reinforcing a vital safety net within the community.
This information is meant to be a general summary of Arch Ironworkers Local 63 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 2024.
- Investment Income: $2,775,051
- Program Service Revenue: $25,358,020
- Gross Receipts: $39,959,270
Assets and Liabilities:
- Total Assets: $104,401,164
- Total Liabilities: $24,712,470
- Net Assets: $79,688,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$23,336,187
EMPLOYEE CONTRIBUTIONS
Revenue
$1,566,656
MEDICARE PART D SUBSIDY
Revenue
$455,177
Organization Details
Founding Year
1983
Principal Officer
Paul Wende
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