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726 Members Family Fund Inc

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

EIN: 474154735 ✦ Staten island, NY ✦ Designated as a 501(c)(3)

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Overview

What is 726 Members Family Fund Inc?

726 Members Family Fund Inc is a nonprofit organization located in Staten Island, New York, primarily serving the families of Local 726 members. This organization provides financial assistance for medical treatment and personal circumstances to those in financial hardship due to illness, medical bills, or other unforeseen needs. They also host events to raise awareness and education about the diseases that affect their members, who often face unique risks in their transit worker occupations. These risks include vehicle accidents, prolonged sitting, and interactions with challenging passengers. Additionally, the organization offers events like holiday parties and fundraising events, such as golf outings and dinners, to support its mission. Monetary assistance is provided in various situations, including funeral costs, tuition assistance, and aid for children of deceased members.


Official website here: www.726membersfamilyfund@726mff

Is 726 Members Family Fund Inc legitimate?

726 Members Family Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 726 Members Family Fund Inc 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


Official website here: www.726membersfamilyfund@726mff

What is the mission statement of 726 Members Family Fund Inc?

The 726 Members Family Fund Inc is an organization that provides financial aid for medical treatments and personal circumstances to the families of Local 726 members experiencing financial hardships due to medical bills, illness, death, and other needs. They host events to raise awareness and educate about the diseases affecting their members, particularly those associated with their unique occupational risks. The organization offers tuition assistance payments to family members and donates to 501C (3) organizations that support disease mitigation and transit worker safety. They organize annual events such as holiday parties, networking events, and fundraising events like golf outings and dinners to raise funds. Monetary support is provided in various situations, including funeral costs, needs of children of deceased members, tuition assistance, and catastrophic illnesses that lead to inability to work.


Official website here: www.726membersfamilyfund@726mff

Who is the CEO of 726 Members Family Fund Inc?

Joseph Obermaier is the Treasurer of 726 Members Family Fund Inc.


Official website here: www.726membersfamilyfund@726mff

What is the revenue of 726 Members Family Fund Inc?

726 Members Family Fund Inc's revenue in 2023 was $152,365.


Official website here: www.726membersfamilyfund@726mff

Who are the executives of 726 Members Family Fund Inc and what are their salaries?

There 20 volunteers at 726 Members Family Fund Inc.


Here are 7 key members and their salaries:


Joseph Obermaier (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bonavita (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Ricco (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Laino (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Serapiglia (Board Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sagklam (Board Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Pepe (Board Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.726membersfamilyfund@726mff

Where can I find the form 990 for 726 Members Family Fund Inc?

726 Members Family Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.726membersfamilyfund@726mff

Learn more at the official website: www.726membersfamilyfund@726mff

Mission Statement of 726 Members Family Fund Inc

726 Members Family Fund Inc, a dedicated organization, offers financial assistance to the families of its local union members who are experiencing financial hardships due to medical bills, illness, death, or other necessities. The primary mission of this nonprofit is to provide support during challenging times, alleviating the financial burden for its members. In addition to this, 726 Members Family Fund Inc hosts events aimed at raising awareness and educating about the diseases that affect its members.

Recognizing the unique risks faced by transit workers, the organization focuses on supporting this specific community. Transit workers, who are members of Local 726, are exposed to job-related hazards such as vehicle accidents, sitting in uncomfortable positions while driving, and dealing with irate passengers. These factors contribute to the high incidence of chronic work-related diseases among transit workers. Consequently, 726 Members Family Fund Inc seeks to help mitigate these diseases and promote safety for its members.

The organization achieves its mission through various means, including providing tuition assistance to students who are family members of Local 726 members. Additionally, it makes donations to other 501C (3) organizations that support the mitigation of diseases and promote safety for transit workers. Moreover, 726 Members Family Fund Inc organizes events such as holiday parties, networking sessions, and fundraising events to raise awareness and provide support to its members. In times of crisis, the organization offers monetary support, contributing to funeral costs, educational expenses, and covering medical bills when sick or vacation leave funds are depleted.

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Impact




October, 2024

726 Members Family Fund Inc significantly impacts the lives of families within Local 726 by providing essential financial assistance during times of medical and personal crises. The organization supports members facing financial hardships due to medical bills, illness, and death, helping to alleviate some of the burdens that can arise from such difficulties.

Through its initiatives, the Fund addresses the unique challenges faced by transit workers, who are exposed to various job-related risks that can lead to serious health issues. By offering monetary support, the organization ensures that families can cope with funeral costs, education expenses, and other pressing needs, thereby fostering a sense of community and resilience.

In addition to direct financial assistance, 726 Members Family Fund Inc actively raises awareness of diseases that affect transit workers through educational events and outreach programs. By organizing community gatherings, such as holiday parties and picnics, the Fund provides opportunities for networking, education, and camaraderie among members and their families.

The organization also invests in the future of its members’ children by offering tuition assistance to students, reinforcing its commitment to supporting the next generation. Fundraising efforts, including golf outings and dinners, not only generate essential funds but also enhance community engagement and support for the health and safety of transit workers.

Overall, 726 Members Family Fund Inc plays a crucial role in fostering a supportive environment for Local 726 members, helping them navigate financial hardships with dignity and compassion while promoting awareness of occupational health risks.




This information is meant to be a general summary of 726 Members Family Fund Inc. 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
$152,365 (2023)
Expenses
$173,972 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $466
  • Gross Receipts: $262,372

Assets and Liabilities:

  • Total Assets: $55,687
  • Total Liabilities: $0
  • Net Assets: $55,687

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Organization Details

Founding Year

2015

Principal Officer

Joseph Obermaier

Main Address

3952 AMBOY ROAD, STATEN ISLAND, NY, 103082407

NTEE Category

Code: T50 - Philanthropy

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