Laborers' National Health & Welfare Fund

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

EIN: 521601994 ✦ Washington, DC ✦ Designated as a 501(c)(9)

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Overview

What is Laborers' National Health & Welfare Fund?

Laborers' National Health & Welfare Fund is a nonprofit organization based in Washington, D.C., with a workforce of three individuals. Established under collective bargaining agreements with the Laborers' International Union of North America (LIUNA) and its affiliates, this fund's primary mission is to offer various health and welfare benefits to eligible employees. These benefits include but are not limited to life insurance, accidental death and dismemberment coverage, hospital and surgical care, dental care, vision care, hearing aid care, and prescription drug benefits. The fund's goal is to ensure the well-being of eligible employees by providing essential health services.

What are the reviews and ratings of this charity?

The Laborers' National Health & Welfare Fund is currently not rated on Charity Navigator due to its status as a non-501(c)(3) organization. This classification restricts it from being assessed by Charity Navigator's evaluation methodologies, which include Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability. The absence of a rating isn't indicative of the organization's performance or financial integrity.

The organization is recognized as an independent entity, free from auxiliaries, according to Charity Navigator's notes. Despite the absence of financial and salary data on this platform, it's important to recognize that its exclusion from evaluation results from its non-profit classification rather than any financial or operational shortcomings.

There are no user reviews available from GreatNonprofits, leaving individual stakeholder feedback unrepresented in this summary. As a result, much of the public perception or qualitative experience with the organization cannot be detailed from these sources.


This AI summary has been generated from information found on Charity Navigator.

Is Laborers' National Health & Welfare Fund legitimate?

Laborers' National Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers' National Health & 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: $242,976

For more financial information, click here

What is the mission statement of Laborers' National Health & Welfare Fund?

The Laborers' National Health & Welfare Fund is dedicated to delivering health and welfare benefits to eligible employees of employers bound by collective bargaining agreements with the Laborers' International Union of North America (LIUNA) and its affiliates. Through these agreements, the fund offers a range of benefits to participants, including life insurance, accidental death and dismemberment coverage, hospital and surgical services, dental care, vision care, hearing aid care, and prescription drug benefits. By providing these benefits, the fund aims to support and enhance the overall well-being and quality of life for the eligible workforce.

Who is the CEO of Laborers' National Health & Welfare Fund?

Michael F Sabitoni is the Trustee, Co-Chairman of Laborers' National Health & Welfare Fund.

What is the revenue of Laborers' National Health & Welfare Fund?

Laborers' National Health & Welfare Fund's revenue in 2022 was $31,619,101.

Who are the executives of Laborers' National Health & Welfare Fund and what are their salaries?

The average compensation at Laborers' National Health & Welfare Fund during 2022 was $80,992. There are 3 employees at Laborers' National Health & Welfare Fund.


Here are 9 key members and their salaries:


Armand E Sabitoni (Trustee, Co-Chairman)
  • Compensation: $0
  • Related: $663,281
  • Other: $233,442
Vincent R Masino (Trustee (Former))
  • Compensation: $0
  • Related: $413,183
  • Other: $108,992
Dennis L Martire (Trustee)
  • Compensation: $0
  • Related: $432,162
  • Other: $173,790
Rocco Davis (Trustee)
  • Compensation: $0
  • Related: $496,752
  • Other: $188,551
Paul Fayad (Trustee, Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noel C Borck (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James F Grosso (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antonio Rangel (Trustee (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcello Garza (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Laborers' National Health & Welfare Fund?

Laborers' National Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Laborers' National Health & Welfare Fund

The Laborers' National Health & Welfare Fund is a collective bargaining plan dedicated to supplying health and welfare benefits to eligible employees. Obligated employers, in collaboration with the Laborers' International Union of North America (LIUNA) and its affiliates, contribute to the Fund, ensuring access to essential benefits for their workers.

This nonprofit organization offers a range of benefits designed to cater to the diverse health needs of its participants. These benefits include life insurance, accidental death and dismemberment coverage, hospital and surgical coverage, dental care, vision care, hearing aid care, and prescription drug benefits. By providing these comprehensive benefits, the Laborers' National Health & Welfare Fund empowers its members to maintain their overall well-being and focus on their professional pursuits.

The Fund's primary goal is to deliver on its promise of offering health and welfare benefits to laborers and their families. Through collective bargaining agreements, it secures the necessary resources to provide these vital services, enhancing the quality of life for its participants and promoting a healthier, more productive workforce.

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Impact




October, 2024

Laborers' National Health & Welfare Fund plays a crucial role in enhancing the well-being of eligible employees working for employers bound by collective bargaining agreements with the Laborers' International Union of North America (LIUNA) and its affiliates. The fund provides a comprehensive range of health and welfare benefits, ensuring that members have access to essential services such as life insurance, accidental death and dismemberment coverage, hospital and surgical care, and support for dental, vision, and hearing needs, as well as prescription medications.

By offering these benefits, the fund significantly improves the quality of life for participating employees, allowing them to focus on their work without the stress of financial instability due to health-related issues. This support fosters a healthier workforce, contributing to improved job performance and overall productivity within the industry. Moreover, the fund’s commitment to mutual benefit solidifies the partnership between employers and employees, enhancing labor relations and promoting a more stable economic environment for all stakeholders involved.




This information is meant to be a general summary of Laborers' National Health & 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
$31,619,101 (2022)
Expenses
$31,975,582 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,213,513
  • Program Service Revenue: $29,243,181
  • Gross Receipts: $47,131,130

Assets and Liabilities:

  • Total Assets: $67,544,557
  • Total Liabilities: $347,212
  • Net Assets: $67,197,345

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$29,178,067

EMPLOYEE CONTRIBUTIONS

Revenue

$65,114

Organization Details

Founding Year

1989

Principal Officer

Michael F Sabitoni

Main Address

905 16TH STREET NW 3RD FLOOR, WASHINGTON, DC, 20006

NTEE Category

Code: Y40 - Mutual benefit

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