Overview
What is Chicago Painters & Decorators Deferred Savings Plan?
Chicago Painters & Decorators Deferred Savings Plan is a nonprofit organization located at 2625 Butterfield Road, Oak Brook, Illinois 60523. This organization operates a savings plan for its members, accumulating savings and distributing these funds, including interest, annually. The primary objective of this plan is to help members build their financial resources over time.
Is Chicago Painters & Decorators Deferred Savings Plan legitimate?
Chicago Painters & Decorators Deferred Savings Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chicago Painters & Decorators Deferred Savings Plan 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 Chicago Painters & Decorators Deferred Savings Plan?
The Chicago Painters & Decorators Deferred Savings Plan accumulates savings on behalf of its members and distributes these savings, including interest, annually to its members. The primary objective of this plan is to help its members accumulate savings over time. By doing so, it contributes to the financial well-being of its members, providing them with a source of additional income each year. The plan operates on a collective basis, pooling resources together for the benefit of its members. This structure allows the plan to generate interest on the accumulated savings, thereby enhancing the overall return for the members. Essentially, the Chicago Painters & Decorators Deferred Savings Plan serves as a savings vehicle for its members, helping them to save and grow their wealth over time.
Who is the CEO of Chicago Painters & Decorators Deferred Savings Plan?
Joseph Rinehart is the Trustee of Chicago Painters & Decorators Deferred Savings Plan.
What is the revenue of Chicago Painters & Decorators Deferred Savings Plan?
Chicago Painters & Decorators Deferred Savings Plan's revenue in 2022 was $6,341,135.
Who are the executives of Chicago Painters & Decorators Deferred Savings Plan and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $156,879
- Other: $84,376
- Compensation: $0
- Related: $156,903
- Other: $83,039
- Compensation: $0
- Related: $209,084
- Other: $90,485
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $8,920
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $129,320
- Other: $92,318
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chicago Painters & Decorators Deferred Savings Plan?
Chicago Painters & Decorators Deferred Savings Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chicago Painters & Decorators Deferred Savings Plan
Chicago Painters & Decorators Deferred Savings Plan is a organization that focuses on accumulating savings on behalf of its members. Throughout the year, this plan collects savings from its members, including the accumulated interest. At the end of each year, the plan distributes these savings back to its members. By doing so, the Chicago Painters & Decorators Deferred Savings Plan aims to help its members financially, providing them with a source of additional income. This plan serves as a tool for members to save and grow their savings, offering a benefit that can be utilized annually.
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Impact
October, 2024
The Chicago Painters & Decorators Deferred Savings Plan has a significant impact by providing its members with a structured savings mechanism that promotes financial security and stability. By accumulating savings on behalf of its members, the plan enables them to build a financial cushion over time. The annual distribution of these savings, along with accrued interest, directly benefits members, enhancing their financial well-being and providing them with additional resources for personal expenses or future investments.
This plan not only fosters a sense of community among its members but also encourages disciplined saving habits. By facilitating a consistent savings process, it supports members in achieving their financial goals, whether for retirement, emergencies, or other significant life events. Overall, the Chicago Painters & Decorators Deferred Savings Plan plays a crucial role in promoting the financial health and empowerment of its members.
This information is meant to be a general summary of Chicago Painters & Decorators Deferred Savings Plan. 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: $26,182
- Program Service Revenue: $6,314,953
- Gross Receipts: $13,028,879
Assets and Liabilities:
- Total Assets: $6,228,858
- Total Liabilities: $6,480
- Net Assets: $6,222,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANTS' CONTRIBUTIONS
Revenue
$6,274,251
LIQUIDATED DAMAGES
Revenue
$40,702
Organization Details
Founding Year
1967
Phone
(630) 960-3322Principal Officer
Joseph Rinehart
Main Address
2625 BUTTERFIELD ROAD 208E, OAK BROOK, IL, 60523
NTEE Category
Code: Y40 - Mutual benefit
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