Gas Technology Institute Welfare Plan Trust 22-79864

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

EIN: 367045717 ✦ Des plaines, IL ✦ Designated as a 501(c)(9)

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Overview

What is Gas Technology Institute Welfare Plan Trust 22-79864?

The Gas Technology Institute Welfare Plan Trust 22-79864, located in Des Plaines, Illinois, is a nonprofit entity with a specific mission. It is established to fund welfare benefits, as defined by Section 501C9 of the tax code. While the information provided is brief, it suggests that the trust is committed to providing support in this capacity. However, without further details, it's challenging to elaborate on the specific nature of these welfare benefits or the population they serve.

Is Gas Technology Institute Welfare Plan Trust 22-79864 legitimate?

Gas Technology Institute Welfare Plan Trust 22-79864 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Gas Technology Institute Welfare Plan Trust 22-79864 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: $78,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Gas Technology Institute Welfare Plan Trust 22-79864?

The Gas Technology Institute Welfare Plan Trust 22-79864 is committed to funding welfare benefits, as defined by Section 501C9 of the tax code. This organization's mission is to provide financial support for these welfare benefits, without specifying the specific nature of these benefits in the provided information. It is important to note that the trust's activities are focused solely on this mission. While the details of the welfare benefits are not provided, the trust's goal is to provide financial assistance in this area.

Who is the CEO of Gas Technology Institute Welfare Plan Trust 22-79864?

James F Ingold is the Trustee of Gas Technology Institute Welfare Plan Trust 22-79864.

What is the revenue of Gas Technology Institute Welfare Plan Trust 22-79864?

Gas Technology Institute Welfare Plan Trust 22-79864's revenue in 2022 was $1,511,815.

Who are the executives of Gas Technology Institute Welfare Plan Trust 22-79864 and what are their salaries?


There is 1 key member and their salary:


The Northern Trust Company (Trustee)
  • Compensation: $78,932
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gas Technology Institute Welfare Plan Trust 22-79864?

Gas Technology Institute Welfare Plan Trust 22-79864's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Gas Technology Institute Welfare Plan Trust 22-79864

The Gas Technology Institute Welfare Plan Trust 22-79864 is dedicated to funding welfare benefits, adhering to the guidelines outlined in Section 501C9 of the U.S. Code. This nonprofit organization's mission is to provide support and assistance in the form of welfare benefits, contributing to the wellbeing of individuals in need. By fulfilling this role, the Gas Technology Institute Welfare Plan Trust 22-79864 aims to make a positive impact on the lives of those who rely on these benefits.

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Impact




October, 2024

The Gas Technology Institute Welfare Plan Trust 22-79864 plays a crucial role in providing welfare benefits as defined under Code Section 501(c)(9). By funding these benefits, the Trust supports the health and well-being of its participants, which can include employees or workers affiliated with the Gas Technology Institute. This funding can cover a variety of welfare benefits, such as medical care, disability income, and other related support services, ultimately contributing to enhanced financial security and quality of life for those it serves.

The Trust's activities are particularly important in promoting employee welfare and fostering a stable workforce. By ensuring that individuals have access to necessary welfare benefits, it aids in reducing financial stress related to healthcare and emergencies. This, in turn, can lead to greater productivity and employee satisfaction, benefiting both the participants and the overall organization. Additionally, the focus on welfare under Code Section 501(c)(9) allows for tax advantages that can further enhance the sustainability of the Trust's efforts.




This information is meant to be a general summary of Gas Technology Institute Welfare Plan Trust 22-79864. 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
$1,511,815 (2022)
Expenses
$561,132 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,472,176
  • Program Service Revenue: $39,639
  • Gross Receipts: $22,029,711

Assets and Liabilities:

  • Total Assets: $15,334,680
  • Total Liabilities: $0
  • Net Assets: $15,334,680

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Programs

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

PARTICIPANT CONTRIBUTION

Revenue

$39,639

Organization Details

Founding Year

1994

Principal Officer

James F Ingold

Main Address

1700 S MT PROSPECT RD, Des Plaines, IL, 60018

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