Overview
What is Bakery And Confectionery Union And Industry International Health Benefits Fund?
The Bakery and Confectionery Union and Industry International Health Benefits Fund is a nonprofit organization based in Kensington, Maryland, with a US address at 10401 Connecticut Avenue. Established to provide health, disability, and death benefits for local union employees, fund office employees, and covered employers under collectively bargained agreements, the organization serves a membership of 8,315 individuals as of December 31, 2022. As the trust for the Bakery and Confectionery Union and Industry International Health Benefits Plan, this collectively bargained welfare benefit plan caters to the union members of the bakery and confectionery industry.
Official website here: www.bctrustfunds.org
Is Bakery And Confectionery Union And Industry International Health Benefits Fund legitimate?
Bakery And Confectionery Union And Industry International Health Benefits Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bakery And Confectionery Union And Industry International Health Benefits 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: $210,155
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,177,810
For more financial information, click here
Official website here: www.bctrustfunds.org
What is the mission statement of Bakery And Confectionery Union And Industry International Health Benefits Fund?
The Bakery and Confectionery Union and Industry International Health Benefits Fund serves as the trust for a collectively bargained welfare benefit plan. Its mission is to provide health, disability, and death benefits to local union employees, fund office employees, and covered employees of participating employers. With over 8,300 members as of December 31, 2022, the organization plays a crucial role in ensuring the well-being of individuals within the bakery and confectionery industry. By offering these essential benefits under collectively bargained agreements, the Fund enhances the quality of life for its union members and other covered employees.
Official website here: www.bctrustfunds.org
What is the revenue of Bakery And Confectionery Union And Industry International Health Benefits Fund?
Bakery And Confectionery Union And Industry International Health Benefits Fund's revenue in 2023 was $25,720,380.
Official website here: www.bctrustfunds.org
Who are the executives of Bakery And Confectionery Union And Industry International Health Benefits Fund and what are their salaries?
The average compensation at Bakery And Confectionery Union And Industry International Health Benefits Fund during 2023 was $42,060. There are 33 employees at Bakery And Confectionery Union And Industry International Health Benefits Fund.
Here are 17 key members and their salaries:
- Compensation: $72,653
- Related: $217,958
- Other: $243,487
- Compensation: $94,927
- Related: $142,391
- Other: $203,680
- Compensation: $0
- Related: $363,806
- Other: $52,868
- Compensation: $0
- Related: $307,068
- Other: $103,801
- Compensation: $50,239
- Related: $200,956
- Other: $105,309
- Compensation: $0
- Related: $214,041
- Other: $82,033
- Compensation: $0
- Related: $217,340
- Other: $73,450
- Compensation: $0
- Related: $214,007
- Other: $50,110
- Compensation: $0
- Related: $219,353
- Other: $43,360
- Compensation: $35,254
- Related: $105,762
- Other: $62,998
- Compensation: $32,106
- Related: $96,317
- Other: $52,102
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bctrustfunds.org
Where can I find the form 990 for Bakery And Confectionery Union And Industry International Health Benefits Fund?
Bakery And Confectionery Union And Industry International Health Benefits Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bctrustfunds.org
Learn more at the official website: www.bctrustfunds.org
Mission Statement of Bakery And Confectionery Union And Industry International Health Benefits Fund
The Bakery and Confectionery Union and Industry International Health Benefits Fund is a collective welfare benefit plan that provides health, disability, and death benefits to local union employees, fund office employees, and covered employees of participating employers. Established under collectively bargained agreements, the organization serves as the trust for the Bakery and Confectionery Union and Industry International Health Benefits Plan.
With a mission to ensure the wellbeing of its members, the Health Benefits Fund provides essential health benefits to over 8,000 individuals within the bakery and confectionery industry. By offering these benefits, the organization enables its members to focus on their work and personal lives without the added worry of health-related financial burdens. Through its comprehensive coverage, the Health Benefits Fund not only supports the physical health of its members but also contributes to their overall well-being.
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Impact
October, 2024
The Bakery And Confectionery Union And Industry International Health Benefits Fund plays a crucial role in enhancing the well-being of its members through the provision of essential health benefits. By delivering health, disability, and death benefits to over 8,315 covered employees as of December 31, 2022, it ensures that union members and their families have access to the necessary support during times of need. The Fund operates under collectively bargained agreements, reflecting its commitment to mutual benefit and strong advocacy for the rights and welfare of employees within the bakery and confectionery industry.
This initiative not only provides financial security but also fosters a sense of community among workers, reinforcing their collective strength and resilience. By addressing the healthcare needs of its members, the Fund contributes to a healthier workforce, which in turn can lead to increased productivity and morale within the industry. Through its dedicated efforts, the Bakery And Confectionery Union And Industry International Health Benefits Fund significantly impacts the lives of those it serves, promoting both individual and collective well-being.
This information is meant to be a general summary of Bakery And Confectionery Union And Industry International Health Benefits 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 2023.
- Investment Income: $7,330,192
- Program Service Revenue: $21,018,888
- Gross Receipts: $131,046,476
Assets and Liabilities:
- Total Assets: $235,108,207
- Total Liabilities: $1,181,341
- Net Assets: $233,926,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS CONTRIBUTIONS
Revenue
$11,729,643
PARTICIPANTS COBRA CONTRIBUTIONS
Revenue
$142,627
RETIREES CONTRIBUTIONS
Revenue
$9,146,618
Organization Details
Founding Year
1953
Principal Officer
John Beck
Website
www.bctrustfunds.orgNTEE Category
Code: Y40 - Mutual benefit
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