Beer Industry Local Union No 703 Health And Welfare Fund

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

EIN: 366051305 ✦ Tinley park, IL ✦ Designated as a 501(c)(9)

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Overview

What is Beer Industry Local Union No 703 Health And Welfare Fund?

Beer Industry Local Union No 703 Health and Welfare Fund is a nonprofit organization situated in Tinley Park, Illinois. With a team of six dedicated individuals, this fund offers a comprehensive range of benefits to its eligible members and their dependents. The primary focus of the organization is to provide health care, along with coverage for unfortunate events such as death, dismemberment, and disability. By offering these essential benefits, Beer Industry Local Union No 703 Health and Welfare Fund aims to support and protect its members during challenging times, demonstrating its commitment to their well-being.

Is Beer Industry Local Union No 703 Health And Welfare Fund legitimate?

Beer Industry Local Union No 703 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Beer Industry Local Union No 703 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: $88,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,872

For more financial information, click here

What is the mission statement of Beer Industry Local Union No 703 Health And Welfare Fund?

The Beer Industry Local Union No 703 Health and Welfare Fund is dedicated to providing health benefits to its eligible members and their dependents. Specifically, this fund offers a range of benefits, including healthcare coverage, compensation for death, dismemberment, and disability. By providing these benefits, the fund aims to support its members during challenging times and help ensure their overall well-being. The fund's mission is to serve as a safety net for its members, providing them with essential support when they need it most. The Beer Industry Local Union No 703 Health and Welfare Fund is committed to supporting the health and well-being of its members, ensuring they can face life's challenges with confidence and peace of mind.

Who is the CEO of Beer Industry Local Union No 703 Health And Welfare Fund?

Thomas Stiede is the Trustee of Beer Industry Local Union No 703 Health And Welfare Fund.

What is the revenue of Beer Industry Local Union No 703 Health And Welfare Fund?

Beer Industry Local Union No 703 Health And Welfare Fund's revenue in 2022 was $4,708,357.

Who are the executives of Beer Industry Local Union No 703 Health And Welfare Fund and what are their salaries?

The average compensation at Beer Industry Local Union No 703 Health And Welfare Fund during 2022 was $47,662. There are 6 employees at Beer Industry Local Union No 703 Health And Welfare Fund.


Here are 8 key members and their salaries:


Thomas Stiede (Trustee)
  • Compensation: $0
  • Related: $113,035
  • Other: $67,406
David Mclin (Trustee)
  • Compensation: $0
  • Related: $97,000
  • Other: $67,406
Patrick Bruno (Trustee)
  • Compensation: $0
  • Related: $110,473
  • Other: $52,711
Blake Yanics (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Spagnola (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devon Robertson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Burke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherryl Reeves (Fund Administrator)
  • Compensation: $160,905
  • Related: $0
  • Other: $13,926
Where can I find the form 990 for Beer Industry Local Union No 703 Health And Welfare Fund?

Beer Industry Local Union No 703 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Beer Industry Local Union No 703 Health And Welfare Fund

The Beer Industry Local Union No 703 Health and Welfare Fund is dedicated to providing health benefits to its eligible members and their dependents. This nonprofit organization offers a comprehensive range of benefits, including healthcare coverage, death benefits, dismemberment benefits, and disability benefits. By doing so, it aims to support the well-being and health of its members during challenging times, ensuring they can receive the necessary care and assistance when needed.

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Impact




October, 2024

Beer Industry Local Union No 703 Health And Welfare Fund significantly enhances the well-being of its members and their families by offering essential health benefits. Located in Tinley Park, IL, the fund provides a comprehensive range of services, including healthcare coverage, benefits in the event of death, dismemberment, and disability. This support ensures that eligible members can access necessary medical care and financial assistance during critical times, promoting a healthier workforce and peace of mind for participants. By addressing both health and financial security, the fund plays a crucial role in fostering a supportive community within the beer industry.




This information is meant to be a general summary of Beer Industry Local Union No 703 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.

Revenue
$4,708,357 (2022)
Expenses
$5,162,869 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $315,184
  • Program Service Revenue: $4,379,467
  • Gross Receipts: $23,049,243

Assets and Liabilities:

  • Total Assets: $17,199,714
  • Total Liabilities: $401,869
  • Net Assets: $16,797,845

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$3,621,606

PARTICIPANT CONTRIBUTIONS

Revenue

$757,657

EMPLOYER LIQUIDATED DAMAGES/INTER

Revenue

$204

Organization Details

Founding Year

1952

Principal Officer

Thomas Stiede

Main Address

18660 GRAPHIC DRIVE 202, TINLEY PARK, IL, 60477

NTEE Category

Code: Y40 - Mutual benefit

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