Overview
What is Chicago Painters And Decorators Welfare Fund?
The Chicago Painters and Decorators Welfare Fund is a nonprofit organization situated at 2625 Butterfield Road, Suite 208E, in Oak Brook, Illinois (60523). Their main mission is to ensure the provision of hospitalization, medical, and additional related benefits for their eligible members and their dependents. This fund exists to address the health and well-being needs of its members, offering a safety net during times of medical necessity.
Is Chicago Painters And Decorators Welfare Fund legitimate?
Chicago Painters And Decorators Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chicago Painters And Decorators Welfare 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: $7,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,923
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What is the mission statement of Chicago Painters And Decorators Welfare Fund?
The Chicago Painters and Decorators Welfare Fund is dedicated to providing essential benefits to eligible members and their dependents. The organization's primary focus is on ensuring access to hospitalization and medical care when needed. In addition to these benefits, the fund offers support in related areas to enhance the overall well-being of its members. By extending these benefits, the Chicago Painters and Decorators Welfare Fund strives to improve the quality of life for those it serves. The organization's mission is centered around offering security and relief during times of health challenges. Through its commitment to providing comprehensive benefits, the fund fosters a sense of safety and care within its community.
What is the revenue of Chicago Painters And Decorators Welfare Fund?
Chicago Painters And Decorators Welfare Fund's revenue in 2024 was $59,898,965.
Who are the executives of Chicago Painters And Decorators Welfare Fund and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $173,051
- Other: $102,325
- Compensation: $0
- Related: $171,935
- Other: $91,788
- Compensation: $0
- Related: $248,483
- Other: $102,184
- Compensation: $0
- Related: $148,272
- Other: $86,316
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $16,699
- Other: $0
Where can I find the form 990 for Chicago Painters And Decorators Welfare Fund?
Chicago Painters And Decorators Welfare Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Chicago Painters And Decorators Welfare Fund
Chicago Painters and Decorators Welfare Fund, a charitable organization, is dedicated to extending hospitalization, medical, and related benefits to eligible members and their dependents. This mission statement encapsulates the organization's commitment to supporting the health and well-being of those connected to the painting and decorating industry.
In essence, the Chicago Painters and Decorators Welfare Fund aims to ensure that its members and their families have access to essential medical services and treatments when they need it most. By providing such benefits, the organization offers a safety net that alleviates financial burdens and enables individuals to focus on their recovery, instead of worrying about the costs associated with healthcare.
Moreover, the Welfare Fund's mission extends beyond just medical coverage. It also encompasses a range of associated benefits designed to enhance the overall well-being of its members and their families. These benefits may include, but are not limited to, prescription drug coverage, mental health services, and rehabilitation programs. In this way, the organization touches the lives of its members in a holistic, comprehensive manner, addressing their various needs and concerns.
In summary, Chicago Painters and Decorators Welfare Fund is a vital resource for individuals working in the painting and decorating industry. Its mission to provide hospitalization, medical, and related benefits to eligible members and their dependents is a testament to its unwavering dedication to the well-being of its community. Through this commitment, the organization serves as a beacon of hope and support for those who rely on it, offering peace of mind and security in the face of health challenges.
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Impact
October, 2024
Chicago Painters And Decorators Welfare Fund offers significant support by providing hospitalization, medical, and related benefits to eligible members and their dependents. This initiative ensures that individuals within the painting and decorating trade have access to essential healthcare services, which can alleviate financial burdens stemming from medical expenses. By prioritizing the health and wellness of its members, the Fund contributes to a more stable and secure workforce, promoting overall well-being in the community. The availability of these benefits fosters peace of mind, allowing members to focus on their work without the constant worry of medical costs. Additionally, the Fund plays a critical role in enhancing the quality of life for families by extending healthcare support to dependents, reinforcing a sense of community and mutual care within the profession.
This information is meant to be a general summary of Chicago Painters And Decorators Welfare 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: $1,887,457
- Program Service Revenue: $58,397,469
- Gross Receipts: $162,872,591
Assets and Liabilities:
- Total Assets: $62,366,129
- Total Liabilities: $35,311,781
- Net Assets: $27,054,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$51,745,712
EMPLOYEE CONTRIBUTIONS
Revenue
$4,189,829
PRESCRIPTION DRUG REBATE
Revenue
$2,461,928
Organization Details
Founding Year
1953
Principal Officer
Joseph Rinehart
NTEE Category
Code: Y40 - Mutual benefit
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