1978 Retired Construction Workers Benefit Trust

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

EIN: 550583589 ✦ Charleston, WV ✦ Designated as a 501(c)(9)

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Overview

What is 1978 Retired Construction Workers Benefit Trust?

The 1978 Retired Construction Workers Benefit Trust is a nonprofit organization, specifically a health and welfare plan, located in Charleston, West Virginia. It aims to offer top-notch healthcare coverage to retired construction workers, disabled construction workers, and their eligible dependents, as per its mission. Exempt under I.R.C. Section 501(C)(9), this trust operates under the health and welfare plan category.

Is 1978 Retired Construction Workers Benefit Trust legitimate?

1978 Retired Construction Workers Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. 1978 Retired Construction Workers Benefit Trust 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: $45,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of 1978 Retired Construction Workers Benefit Trust?

The 1978 Retired Construction Workers Benefit Trust, as a health and welfare plan exempt under I.R.C. Section 501(C)(9), is committed to providing high-quality healthcare coverage. This organization aims to cater to the health needs of retired construction workers, disabled construction workers, and their eligible dependents. By offering this coverage, the trust seeks to enhance the well-being of these individuals, ensuring they receive necessary medical care during their retirement years.

Who is the CEO of 1978 Retired Construction Workers Benefit Trust?

Fred Marx is the Trustee of 1978 Retired Construction Workers Benefit Trust.

What is the revenue of 1978 Retired Construction Workers Benefit Trust?

1978 Retired Construction Workers Benefit Trust's revenue in 2022 was $6,957,177.

Who are the executives of 1978 Retired Construction Workers Benefit Trust and what are their salaries?


Here are 3 key members and their salaries:


William H Howe (Trustee)
  • Compensation: $15,000
  • Related: $35,000
  • Other: $0
Donald T Barnett (Trustee)
  • Compensation: $15,000
  • Related: $35,000
  • Other: $0
Fred Marx (Chairman)
  • Compensation: $15,000
  • Related: $35,000
  • Other: $0
Where can I find the form 990 for 1978 Retired Construction Workers Benefit Trust?

1978 Retired Construction Workers Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 1978 Retired Construction Workers Benefit Trust

The 1978 Retired Construction Workers Benefit Trust is a health and welfare plan exempt under I.R.C. Section 501(C)(9), with a mission to provide high-quality healthcare coverage to a specific group of individuals. This organization is dedicated to supporting certain retired construction workers, disabled construction workers, and their eligible dependents. By offering health care coverage, the 1978 Retired Construction Workers Benefit Trust aims to enhance the well-being of these individuals, ensuring they receive the medical care they need during their retirement or in the event of disability. The organization's mission is to make a significant impact on the lives of these individuals by offering them access to essential healthcare services.

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Impact




October, 2024

The 1978 Retired Construction Workers Benefit Trust significantly impacts the well-being of retired construction workers, disabled construction workers, and their eligible dependents by providing essential health care coverage. This initiative is crucial as it addresses the unique challenges faced by construction workers who may experience physical demands throughout their careers. By offering a health and welfare plan, the trust ensures that these individuals have access to quality health care services, enabling them to maintain their health and quality of life after retirement.

Moreover, the trust fosters a sense of community and mutual support among its members, playing a vital role in promoting financial security and peace of mind for those who have dedicated their careers to the construction industry. It also alleviates the burden of healthcare costs that can be particularly challenging in later years, thereby contributing to the overall stability of retired workers and their families. In essence, the trust not only enhances individual health outcomes but also strengthens the fabric of the construction workforce by prioritizing the well-being of its retirees and their families.




This information is meant to be a general summary of 1978 Retired Construction Workers Benefit Trust. 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
$6,957,177 (2022)
Expenses
$5,597,577 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $268,843
  • Program Service Revenue: $6,605,725
  • Gross Receipts: $6,957,177

Assets and Liabilities:

  • Total Assets: $16,155,706
  • Total Liabilities: $114,819
  • Net Assets: $16,040,887

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Programs

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

PARTICIPANT CONTRIBUTI

Revenue

$6,487,591

EMPLOYER CONTRIBUTIONS

Revenue

$118,134

Organization Details

Founding Year

1978

Principal Officer

Fred Marx

Main Address

141 SUMMERS STREET, CHARLESTON, WV, 25301

NTEE Category

Code: Y40 - Mutual benefit

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