Cement Masons Local No 502 Retiree Welfare Fund

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

EIN: 800967048 ✦ Bellwood, IL ✦ Designated as a 501(c)(9)

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Overview

What is Cement Masons Local No 502 Retiree Welfare Fund?

The Cement Masons Local No 502 Retiree Welfare Fund, established in Bellwood, IL, serves as a fraternal beneficiary society and voluntary employees association. Its primary objective is to offer comprehensive health benefits to its members, encompassing medical and life insurance plans. As a nonprofit organization, it is dedicated to supporting the well-being of its participants.

Is Cement Masons Local No 502 Retiree Welfare Fund legitimate?

Cement Masons Local No 502 Retiree Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cement Masons Local No 502 Retiree 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 Cement Masons Local No 502 Retiree Welfare Fund?

The Cement Masons Local No 502 Retiree Welfare Fund serves as a fraternal beneficiary society and voluntary employees association, dedicated to delivering health benefits. Their mission is centered around providing medical and life insurance coverage to their participants. The organization operates with the aim of ensuring the well-being of its members, offering them essential healthcare protection.

Who is the CEO of Cement Masons Local No 502 Retiree Welfare Fund?

Kevin J Farley is the Trustee of Cement Masons Local No 502 Retiree Welfare Fund.

What is the revenue of Cement Masons Local No 502 Retiree Welfare Fund?

Cement Masons Local No 502 Retiree Welfare Fund's revenue in 2022 was $5,802,559.

Who are the executives of Cement Masons Local No 502 Retiree Welfare Fund and what are their salaries?


Here are 17 key members and their salaries:


Lawrence Picardi Sr (Trustee)
  • Compensation: $0
  • Related: $177,787
  • Other: $131,575
Sandra Hunt (Trustee)
  • Compensation: $0
  • Related: $3,908
  • Other: $3,015
Antonio Acevedo (Trustee)
  • Compensation: $0
  • Related: $138,224
  • Other: $77,830
Jay La Sala (Trustee)
  • Compensation: $0
  • Related: $62,137
  • Other: $40,952
Kevin Farley (Trustee)
  • Compensation: $0
  • Related: $191,226
  • Other: $138,810
Guadalupe Rodriguez (Trustee)
  • Compensation: $0
  • Related: $4,306
  • Other: $3,317
Steve Baumgartner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Dynowski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hallberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kolberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kutrovatz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Hornaday (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Diekemper (Trustee - Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Beeman (Administrator)
  • Compensation: $0
  • Related: $151,012
  • Other: $85,408
Angelo Feola (Collection Coordinator)
  • Compensation: $0
  • Related: $149,139
  • Other: $77,831
Colleen Lakis (Controller)
  • Compensation: $0
  • Related: $110,688
  • Other: $62,674
Charles Picardi (Collection Coordinator)
  • Compensation: $0
  • Related: $134,211
  • Other: $70,253
Where can I find the form 990 for Cement Masons Local No 502 Retiree Welfare Fund?

Cement Masons Local No 502 Retiree Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cement Masons Local No 502 Retiree Welfare Fund

The Cement Masons Local No 502 Retiree Welfare Fund functions as a fraternal beneficiary society and a voluntary employees association. Its primary mission is to extend health benefits to its participants. This nonprofit organization offers medical and life insurance coverage as part of its programs, aiming to support the well-being of its members. By providing these benefits, the Cement Masons Local No 502 Retiree Welfare Fund plays a significant role in ensuring the health and security of its participants.

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Impact




October, 2024

The Cement Masons Local No 502 Retiree Welfare Fund plays a crucial role in the lives of its members by providing essential health benefits. By offering access to medical and life insurance, it ensures that retirees have the necessary support to address their healthcare needs. This assistance significantly enhances their quality of life, enabling them to manage health-related expenses with more confidence. Based in Bellwood, IL, the Fund operates with a mission focused on mutual benefit, fostered through a strong community of members who support one another. Its programs not only alleviate financial stress associated with healthcare but also contribute to the overall well-being of retirees, allowing them to enjoy their post-working years with greater security and peace of mind.




This information is meant to be a general summary of Cement Masons Local No 502 Retiree 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
$5,802,559 (2022)
Expenses
$6,166,042 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $242,894
  • Program Service Revenue: $5,559,665
  • Gross Receipts: $6,819,531

Assets and Liabilities:

  • Total Assets: $18,185,085
  • Total Liabilities: $361,381
  • Net Assets: $17,823,704

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Programs

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

CONTRACTOR CONTRIBUTIONS

Revenue

$5,391,609

PARTICIPANT SELF-CONTRIBUTIONS

Revenue

$100,706

PRESCIPTION DRUG REBATES

Revenue

$60,149

MEDICARE PART D SUBSIDY

Revenue

$7,201

Organization Details

Founding Year

2013

Principal Officer

Kevin J Farley

Main Address

739 - 25TH AVENUE, BELLWOOD, IL, 60104

NTEE Category

Code: Y43 - Mutual benefit

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