Fox Valley & Vicin Construction Wel Fund

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

EIN: 366147408 ✦ Schaumburg, IL ✦ Designated as a 501(c)(9)

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Overview

What is Fox Valley & Vicin Construction Wel Fund?

Fox Valley & Vicin Construction Wel Fund is a nonprofit organization located at 953 American Lane 100, Schaumburg, Illinois. Their primary mission is to extend medical, dental, vision, temporary disability, and death benefits to eligible members. With a small workforce of 7 employees, this organization is dedicated to providing essential healthcare support to its members. Although specific details about their reach or additional programs are not provided in the information, it's clear that they are committed to improving the well-being of their members through various health-related benefits.

Is Fox Valley & Vicin Construction Wel Fund legitimate?

Fox Valley & Vicin Construction Wel Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Fox Valley & Vicin Construction Wel 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 Fox Valley & Vicin Construction Wel Fund?

The Fox Valley & Vicin Construction Wel Fund's mission is centered around providing essential health benefits to eligible members. Specifically, they offer medical, dental, vision, temporary disability, and death benefits, aiming to support their members in various health-related needs. This fund serves as a safety net, ensuring that its members have access to necessary healthcare services during challenging times.

Who is the CEO of Fox Valley & Vicin Construction Wel Fund?

Art Sturms is the Chairman of Fox Valley & Vicin Construction Wel Fund.

What is the revenue of Fox Valley & Vicin Construction Wel Fund?

Fox Valley & Vicin Construction Wel Fund's revenue in 2022 was $9,323,610.

Who are the executives of Fox Valley & Vicin Construction Wel Fund and what are their salaries?

There are 7 employees at Fox Valley & Vicin Construction Wel Fund.


Here are 10 key members and their salaries:


Dan Aussem (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Sandeno (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Art Sturms (Secretary)
  • Compensation: $0
  • Related: $131,665
  • Other: $94,464
Anthony Frescura Jr (Trustee)
  • Compensation: $0
  • Related: $113,609
  • Other: $109,517
Pete Nielsen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Henderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Cox (Trustee)
  • Compensation: $0
  • Related: $118,847
  • Other: $104,609
Bob Morreale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Mrowicki (Trustee)
  • Compensation: $0
  • Related: $85,272
  • Other: $67,822
Michael Lewis (Trustee)
  • Compensation: $0
  • Related: $118,691
  • Other: $101,801
Where can I find the form 990 for Fox Valley & Vicin Construction Wel Fund?

Fox Valley & Vicin Construction Wel Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fox Valley & Vicin Construction Wel Fund

Fox Valley & Vicin Construction Wel Fund is a nonprofit organization dedicated to providing essential benefits to its eligible members. Its mission, in simple terms, is to ensure the well-being of its members by offering medical, dental, vision, temporary disability, and death benefits. This means that in times of illness, injury, or unforeseen circumstances, the fund is there to provide the necessary support, ensuring that its members can focus on recovery rather than financial concerns. The organization's commitment to its members' health and welfare is evident in its comprehensive range of benefits, which aim to cover various aspects of their well-being.

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Impact




October, 2024

Fox Valley & Vicin Construction Wel Fund significantly impacts the lives of its eligible members by offering crucial support in times of need. By providing medical, dental, and vision benefits, the Fund ensures that members have access to essential healthcare services, promoting overall wellbeing. Additionally, the temporary disability benefits offer financial assistance to those unable to work due to health issues, alleviating some of the stress during challenging periods. The provision of death benefits adds a layer of security and peace of mind for families during difficult times, reinforcing the Fund's commitment to mutual benefit and the welfare of its members in Schaumburg, IL, and beyond.




This information is meant to be a general summary of Fox Valley & Vicin Construction Wel 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
$9,323,610 (2022)
Expenses
$11,730,434 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $44,733
  • Program Service Revenue: $9,278,877
  • Gross Receipts: $26,749,916

Assets and Liabilities:

  • Total Assets: $21,950,455
  • Total Liabilities: $5,263,260
  • Net Assets: $16,687,195

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$8,723,347

EMPLOYEE CONTRIBUTIONS

Revenue

$555,530

Organization Details

Founding Year

1961

Principal Officer

Art Sturms

Main Address

953 AMERICAN LANE 100, SCHAUMBURG, IL, 60173

NTEE Category

Code: Y40 - Mutual benefit

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