Overview
What is Sheet Metal Workers Local Union No 1 Welfare Trust Fund?
The Sheet Metal Workers Local Union No 1 Welfare Trust Fund is a nonprofit organization that provides comprehensive health benefits to its members and their dependents. These benefits include hospital coverage, surgical care, major medical services, prescription drug plans, short-term disability, and vision care. The primary mission of this fund is to ensure the medical well-being of the members of Sheet Metal Workers Local No. 1, offering them essential healthcare support.
Is Sheet Metal Workers Local Union No 1 Welfare Trust Fund legitimate?
Sheet Metal Workers Local Union No 1 Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers Local Union No 1 Welfare Trust 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
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What is the mission statement of Sheet Metal Workers Local Union No 1 Welfare Trust Fund?
The Sheet Metal Workers Local Union No 1 Welfare Trust Fund's mission is to offer comprehensive medical care coverage. This is accomplished by providing a range of health benefits, including hospital, surgical, major medical, prescription drugs, short-term disability, and vision care, to its members and their dependents. The primary objective of the fund is to ensure the well-being of its members by offering them necessary medical services.
What is the revenue of Sheet Metal Workers Local Union No 1 Welfare Trust Fund?
Sheet Metal Workers Local Union No 1 Welfare Trust Fund's revenue in 2024 was $8,968,230.
Who are the executives of Sheet Metal Workers Local Union No 1 Welfare Trust Fund and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sheet Metal Workers Local Union No 1 Welfare Trust Fund?
Sheet Metal Workers Local Union No 1 Welfare Trust Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Sheet Metal Workers Local Union No 1 Welfare Trust Fund
Sheet Metal Workers Local Union No 1 Welfare Trust Fund is a mission-driven organization that prioritizes the well-being of its members. Their primary objective is to provide comprehensive health benefits to the participants and their dependents. This encompasses various aspects of medical care, including hospital coverage, surgical procedures, major medical services, prescription drugs, short-term disability, and vision care. By offering these health benefits, the Welfare Trust Fund aims to ensure that the members of Sheet Metal Workers Local No. 1 have access to necessary medical services when they need them.
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Impact
October, 2024
The Sheet Metal Workers Local Union No. 1 Welfare Trust Fund significantly impacts the lives of its members by providing comprehensive medical care coverage. This includes vital health benefits such as hospital care, surgical services, major medical assistance, prescription drug coverage, short-term disability insurance, and vision care. By offering these essential services, the Trust Fund ensures that members and their dependents have access to the healthcare they need, which contributes to their overall wellness and financial security. Ultimately, this program fosters a sense of community and support among Sheet Metal Workers Local No. 1 members, enabling them to focus on their work with peace of mind regarding their health and medical needs.
This information is meant to be a general summary of Sheet Metal Workers Local Union No 1 Welfare Trust 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $419,555
- Program Service Revenue: $8,166,171
- Gross Receipts: $8,968,230
Assets and Liabilities:
- Total Assets: $15,191,504
- Total Liabilities: $1,523,808
- Net Assets: $13,667,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,039,516
PARTICIPANT CONTRIBUTI
Revenue
$126,655
Organization Details
Founding Year
1961
Principal Officer
David Dorfman
NTEE Category
Code: Y40 - Mutual benefit
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