Overview
What is Asbestos Workers Local 42 Welfare Fund?
Asbestos Workers Local 42 Welfare Fund is a nonprofit organization situated in Englewood Cliffs, New Jersey. Their primary mission is to support their members and their dependents by providing vital benefits, including health, accident, disability, and insurance coverage for unfortunate events leading to death. This fund aims to safeguard the well-being of those associated with the asbestos industry, ensuring they have the necessary support during challenging times.
Is Asbestos Workers Local 42 Welfare Fund legitimate?
Asbestos Workers Local 42 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Asbestos Workers Local 42 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.
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What is the mission statement of Asbestos Workers Local 42 Welfare Fund?
The Asbestos Workers Local 42 Welfare Fund is dedicated to providing support for its participants and their dependents. This support encompasses various benefits, including health coverage, accident protection, disability aid, and financial assistance in the event of death. The primary objective of this fund is to ensure the well-being and security of its members during challenging times. It serves as a safety net, providing essential benefits to help its participants navigate through adversity.
Who is the CEO of Asbestos Workers Local 42 Welfare Fund?
Preston Smith is the Union Trustee of Asbestos Workers Local 42 Welfare Fund.
What is the revenue of Asbestos Workers Local 42 Welfare Fund?
Asbestos Workers Local 42 Welfare Fund's revenue in 2022 was $2,576,578.
Who are the executives of Asbestos Workers Local 42 Welfare Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Asbestos Workers Local 42 Welfare Fund?
Asbestos Workers Local 42 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asbestos Workers Local 42 Welfare Fund
Asbestos Workers Local 42 Welfare Fund is committed to providing support for its participants and their dependents. This nonprofit organization's primary mission is to provide a range of benefits, including health, accident, disability, and death benefits. By offering these benefits, Asbestos Workers Local 42 Welfare Fund aims to provide a safety net for those who may be affected by various unforeseen circumstances. The fund's mission is crucial in ensuring the well-being of its participants and their families during challenging times. It serves as a testament to the organization's dedication to supporting its community and ensuring that they have access to necessary resources in times of need.
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Impact
October, 2024
Asbestos Workers Local 42 Welfare Fund significantly enhances the well-being of its participants and their dependents by providing essential health, accident, disability, and death benefits. Located in Englewood Cliffs, NJ, this organization plays a crucial role in ensuring that those involved in the asbestos workforce have access to vital medical care and financial support during times of need. The focus on health and safety through comprehensive benefits not only alleviates the burden of medical expenses but also offers peace of mind to workers and their families, contributing to a more secure and stable community overall. By addressing the specific needs of its members, the Fund fosters a supportive environment that recognizes the challenges faced by workers in high-risk occupations.
This information is meant to be a general summary of Asbestos Workers Local 42 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 2022.
- Investment Income: $59,439
- Program Service Revenue: $2,382,605
- Gross Receipts: $5,831,261
Assets and Liabilities:
- Total Assets: $4,864,672
- Total Liabilities: $951,535
- Net Assets: $3,913,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$1,520,527
PARTICIPANT CONTRIBUTION
Revenue
$862,078
Organization Details
Founding Year
1951
Phone
(717) 681-5760Principal Officer
Preston Smith
Main Address
140 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ, 07632
NTEE Category
Code: Y40 - Mutual benefit
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