Overview
What is Sheet Metal Workers Local No 268 Welfare Trust Fund?
Sheet Metal Workers Local No 268 Welfare Trust Fund is a nonprofit organization situated in Caseyville, Illinois. Its primary mission is to offer high-quality healthcare services to its union members, their families, contractors, and office personnel. This is achieved through significant investments in direct medical care, medication prescriptions, life insurance, stop-loss insurance, medical expense reimbursements, and administrative fees. Furthermore, the organization employs an individual to handle clerical and bookkeeping duties. The Welfare Trust Fund's activities are centered around operating a health and welfare benefit plan, providing prescription drug coverage and life and accident insurance coverage to its beneficiaries, aiming to ensure the well-being of its community. The nonprofit organization has a modest workforce of two employees.
Is Sheet Metal Workers Local No 268 Welfare Trust Fund legitimate?
Sheet Metal Workers Local No 268 Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers Local No 268 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: $71,175
For more financial information, click here
What is the mission statement of Sheet Metal Workers Local No 268 Welfare Trust Fund?
The Sheet Metal Workers Local No 268 Welfare Trust Fund's mission is centered around providing top-notch healthcare services. This mission is extended to union members, their families, associated employers, and their families, as well as office personnel. The fund operates a local health and welfare benefit plan, which encompasses prescription drug coverage and life and accident insurance coverage, all aimed at ensuring quality healthcare for its members. The trust fund achieves this by investing substantial resources into direct medical care, medication prescriptions, insurance premiums, medical expense reimbursements, and administrative costs.
Who is the CEO of Sheet Metal Workers Local No 268 Welfare Trust Fund?
Jeffery R Bauer is the Trustee of Sheet Metal Workers Local No 268 Welfare Trust Fund.
What is the revenue of Sheet Metal Workers Local No 268 Welfare Trust Fund?
Sheet Metal Workers Local No 268 Welfare Trust Fund's revenue in 2023 was $9,774,569.
Who are the executives of Sheet Metal Workers Local No 268 Welfare Trust Fund and what are their salaries?
The average compensation at Sheet Metal Workers Local No 268 Welfare Trust Fund during 2023 was $35,588. There are 2 employees at Sheet Metal Workers Local No 268 Welfare Trust Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $97,356
- Other: $0
- Compensation: $0
- Related: $91,201
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sheet Metal Workers Local No 268 Welfare Trust Fund?
Sheet Metal Workers Local No 268 Welfare Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sheet Metal Workers Local No 268 Welfare Trust Fund
Sheet Metal Workers Local No 268 Welfare Trust Fund is committed to providing top-notch healthcare services to its union members, their employers, and their families. The primary objective of this organization is to ensure quality healthcare accessibility, as demonstrated through its operation of a comprehensive health and welfare benefit plan. This plan encompasses various benefits such as prescription drug coverage, life and accident insurance coverage, and reimbursements for medical expenses. The Trust Fund invests substantially in direct medical care, medication, insurance premiums, administrative fees, and employee salaries to achieve its mission of delivering high-quality healthcare to its membership.
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Impact
October, 2024
The Sheet Metal Workers Local No 268 Welfare Trust Fund plays a crucial role in enhancing the health and well-being of union members, their families, and affiliated office personnel. By managing a comprehensive health and welfare benefit plan, it ensures that members have access to quality healthcare services.
Its impact extends to providing essential benefits such as prescription drug coverage, life insurance, and accident insurance. The fund effectively allocates resources for direct medical care, which includes paying for medications and reimbursing members for medical expenses. This support alleviates financial burdens related to healthcare and promotes overall wellness among the community.
Moreover, by covering administrative costs and salaries for essential personnel, the Trust Fund ensures efficient operation and management of these benefits. This operational effectiveness ultimately leads to enhanced access to quality healthcare services, supporting the mission of improving the health and livelihoods of local sheet metal union members and their families. Through its efforts, the Fund contributes to a healthier workforce and fosters a sense of security and support within the community.
This information is meant to be a general summary of Sheet Metal Workers Local No 268 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 2023.
- Investment Income: $713,597
- Program Service Revenue: $9,041,519
- Gross Receipts: $9,774,569
Assets and Liabilities:
- Total Assets: $13,692,615
- Total Liabilities: $50,124
- Net Assets: $13,642,491
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employers' Assessments
Revenue
$7,933,265
Participants' Contributions
Revenue
$1,108,254
Organization Details
Founding Year
1960
Phone
(618) 397-1443Principal Officer
Jeffery R Bauer
Main Address
2701 North 89th Street, Caseyville, IL, 62232
NTEE Category
Code: Y40 - Mutual benefit
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