Overview
What is The Burke Group Welfare Plan Trust?
The Burke Group Welfare Plan Trust is a charitable entity, functioning as a financial resource for both employers and employees. Its primary purpose is to collect and manage contributions, which are then utilized to cover expenses associated with tax-exempt welfare benefits. These benefits encompass various insurance policies, including health, life, short-term, and long-term disability, as well as administrative costs. The trust serves as a crucial support system, ensuring the availability of these essential benefits for its affiliated individuals.
Is The Burke Group Welfare Plan Trust legitimate?
The Burke Group Welfare Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Burke Group Welfare Plan Trust 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
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What is the mission statement of The Burke Group Welfare Plan Trust?
The Burke Group Welfare Plan Trust operates as a funding resource for tax-exempt welfare benefits. Its primary mission is to collect contributions from both employers and employees to cover expenses related to health, life, short-term, and long-term disability insurance premiums, as well as administrative costs. The trust aims to support these essential benefits, ensuring financial assistance is available when needed. The trust serves as a crucial mechanism, enabling individuals to access necessary welfare programs.
Who is the CEO of The Burke Group Welfare Plan Trust?
Christopher B Burke is the Trustee of The Burke Group Welfare Plan Trust.
What is the revenue of The Burke Group Welfare Plan Trust?
The Burke Group Welfare Plan Trust's revenue in 2022 was $7,182,269.
Who are the executives of The Burke Group Welfare Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Burke Group Welfare Plan Trust?
The Burke Group Welfare Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Burke Group Welfare Plan Trust
The Burke Group Welfare Plan Trust, as a tax-exempt welfare benefit trust, serves a unique purpose. Its mission is to act as a funding source for contributions made by both employers and employees towards various tax-exempt welfare benefits. These benefits encompass essential services such as health insurance, life insurance, short-term disability insurance, and long-term disability insurance. Moreover, the trust also covers administrative expenses associated with these benefits. By providing this financial support, The Burke Group Welfare Plan Trust plays a crucial role in ensuring the well-being and security of its beneficiaries.
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Impact
October, 2024
The Burke Group Welfare Plan Trust significantly impacts the well-being of employees by providing a structured funding mechanism for tax-exempt welfare benefits. By facilitating contributions from both employers and employees, it ensures that essential benefits like health insurance, life insurance, and various disability insurance plans are accessible. This financial support not only protects individuals and their families during times of need but also enhances workforce stability and productivity.
In addition to offering financial advantages, the Trust mitigates the administrative burden associated with managing these benefits. By covering premiums and administrative expenses, it simplifies the benefits process for both employers and employees. The result is a more cohesive approach to employee welfare, fostering a healthy work environment and promoting mutual benefit within the community it serves in Rosemont, IL. Overall, The Burke Group Welfare Plan Trust plays a vital role in supporting a safety net for individuals, enhancing both quality of life and workplace morale.
This information is meant to be a general summary of The Burke Group Welfare Plan Trust. 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: $89
- Program Service Revenue: $7,182,180
- Gross Receipts: $7,182,269
Assets and Liabilities:
- Total Assets: $2,650,378
- Total Liabilities: $370,614
- Net Assets: $2,279,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/EMPLOYER CONT
Revenue
$7,182,180
Organization Details
Founding Year
1996
Phone
(847) 823-0500Principal Officer
Christopher B Burke
Main Address
9575 W HIGGINS ROAD 600, ROSEMONT, IL, 60018
NTEE Category
Code: Y40 - Mutual benefit
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