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Carpenters Local No 491 Health And Welfare Fund

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

EIN: 521252611 ✦ Sparks, MD ✦ Designated as a 501(c)(5)

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Overview

What is Carpenters Local No 491 Health And Welfare Fund?

Carpenters Local No 491 Health and Welfare Fund is a nonprofit organization that prioritizes the well-being of its members. It offers a comprehensive range of medical benefits, including short-term disability, dental care, prescription drug coverage, hospitalization assistance, and optical services. Furthermore, the fund extends its support to eligible employees by providing death benefits, ensuring financial assistance during challenging times. The organization's mission is to enhance the health and welfare of its members, working in collaboration with contributing employers.

Is Carpenters Local No 491 Health And Welfare Fund legitimate?

Carpenters Local No 491 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Carpenters Local No 491 Health And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Carpenters Local No 491 Health And Welfare Fund?

The Carpenters Local No 491 Health and Welfare Fund's primary mission is to extend medical benefits to its members. This encompasses providing short-term disability, dental, prescription drug, hospitalization, medical, death, and optical benefits to all eligible employees who are employed by contributing employers. The fund serves as a vital source of healthcare support for its members, ensuring they have access to essential medical services.

Who is the CEO of Carpenters Local No 491 Health And Welfare Fund?

Todd Weitzman is the Labor Trustee of Carpenters Local No 491 Health And Welfare Fund.

What is the revenue of Carpenters Local No 491 Health And Welfare Fund?

Carpenters Local No 491 Health And Welfare Fund's revenue in 2022 was $4,664,455.

Who are the executives of Carpenters Local No 491 Health And Welfare Fund and what are their salaries?


Here are 6 key members and their salaries:


Sandy Forstner (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Sproule (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Tarby (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Deleon (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Joyce (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Weitzman (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Carpenters Local No 491 Health And Welfare Fund?

Carpenters Local No 491 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Carpenters Local No 491 Health And Welfare Fund

The Carpenters Local No 491 Health and Welfare Fund is dedicated to extending medical benefits to its members. This nonprofit organization offers a comprehensive range of health-related services, ensuring the well-being of its eligible employees. These benefits encompass short-term disability, dental care, prescription drug coverage, hospitalization, medical services, death benefits, and optical care. By providing these benefits, the Carpenters Local No 491 Health and Welfare Fund aims to support the health and wellness of its members, offering them a sense of security and peace of mind in their everyday lives.

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Impact




October, 2024

Carpenters Local No 491 Health And Welfare Fund significantly impacts the well-being of its members by providing comprehensive medical benefits. This fund supports eligible employees with essential services, including short-term disability, dental care, prescription drugs, hospitalization, medical treatment, death benefits, and optical care. By ensuring access to these vital health services, the fund enhances the overall quality of life for its members, allowing them to focus on their work without the added stress of medical expenses. This robust support system plays a crucial role in promoting a healthier workforce and providing financial security in times of need.




This information is meant to be a general summary of Carpenters Local No 491 Health And 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.

Revenue
$4,664,455 (2022)
Expenses
$3,992,635 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $81,134
  • Program Service Revenue: $4,583,321
  • Gross Receipts: $5,817,345

Assets and Liabilities:

  • Total Assets: $7,334,835
  • Total Liabilities: $967,474
  • Net Assets: $6,367,361

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PARTICIPATING EMPLOYERS' HEALTH CONTRIBUTIONS

Revenue

$3,684,386

PARTICIPANTS' VACATION CONTRIBUTIONS

Revenue

$837,758

PARTICIPANTS' HEALTH CONTRIBUTIONS

Revenue

$61,177

Organization Details

Founding Year

1980

Principal Officer

Todd Weitzman

Main Address

911 Ridgebrook Road, Sparks, MD, 21152

NTEE Category

Code: J40 - Employment

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