Apartment Employees' Welfare Fund

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

EIN: 946069860 ✦ Covina, CA ✦ Designated as a 501(c)(9)

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Overview

What is Apartment Employees' Welfare Fund?

The Apartment Employees' Welfare Fund is a nonprofit organization situated in Covina, California, specifically at 1055 Park View Drive Suite 111. Their primary mission is to offer health care benefits to eligible participants who fall under collective bargaining agreements between their union and employers. By providing these benefits, the fund aims to support the well-being of its covered participants, enhancing their overall health and quality of life.

Is Apartment Employees' Welfare Fund legitimate?

Apartment Employees' Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Apartment Employees' 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: $450
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Apartment Employees' Welfare Fund?

The Apartment Employees' Welfare Fund has a mission to provide health care benefits to eligible participants. This is accomplished through collectively bargained agreements between the union and the employers. The fund's primary activity is to offer health care benefits to those who fall under these agreements, ensuring that eligible individuals have access to necessary medical care. The Apartment Employees' Welfare Fund is committed to fulfilling this mission, aiming to enhance the health and well-being of its participants by offering essential medical benefits.

Who is the CEO of Apartment Employees' Welfare Fund?

Mark Sharwood is the Trustee of Apartment Employees' Welfare Fund.

What is the revenue of Apartment Employees' Welfare Fund?

Apartment Employees' Welfare Fund's revenue in 2022 was $7,454,953.

Who are the executives of Apartment Employees' Welfare Fund and what are their salaries?


Here are 9 key members and their salaries:


Emmanuel Eric (Trustee)
  • Compensation: $450
  • Related: $0
  • Other: $0
Robert Sauter (Chairman (Through 06/30/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Sharwood (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Kennedy (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugenia Gutierrez (Trustee - Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margo Karstadt (Trustee - Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Seder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Gilchrist (Trustee (Through 06/30/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
See Schedule O For Compensation (Paid By Related Organizations)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Apartment Employees' Welfare Fund?

Apartment Employees' Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Apartment Employees' Welfare Fund

The Apartment Employees' Welfare Fund is an organization dedicated to providing health care benefits to eligible participants who are covered under collective bargaining agreements between unions and employers. The mission of this fund is to ensure that these participants have access to necessary health care services, thereby enhancing their overall well-being. The Apartment Employees' Welfare Fund carries out this mission by offering health care benefits to eligible individuals, thereby fulfilling its role in the collective bargaining agreements between unions and employers. The organization's activities are centered around providing health care benefits, ensuring that the participants covered under these agreements have access to essential medical services.

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Impact




October, 2024

The Apartment Employees' Welfare Fund has a significant impact by providing essential healthcare benefits to eligible participants who are covered under collective bargaining agreements between unions and employers. This support enables workers in the apartment industry to access necessary medical services, improving their overall health and well-being. By ensuring that employees have reliable healthcare options, the Fund helps alleviate the financial burden of medical expenses, contributing to a more stable and productive workforce. Additionally, the Fund fosters a sense of security among workers, promoting their long-term engagement and satisfaction within their roles. Overall, the Apartment Employees' Welfare Fund plays a vital role in enhancing the quality of life for those it serves in Covina, CA, and beyond.




This information is meant to be a general summary of Apartment Employees' 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
$7,454,953 (2022)
Expenses
$7,562,971 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,846
  • Program Service Revenue: $7,360,767
  • Gross Receipts: $9,568,032

Assets and Liabilities:

  • Total Assets: $5,165,874
  • Total Liabilities: $759,206
  • Net Assets: $4,406,668

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$7,360,767

Organization Details

Founding Year

1951

Principal Officer

Mark Sharwood

Main Address

1055 PARK VIEW DRIVE SUITE 111, COVINA, CA, 91724

NTEE Category

Code: Y40 - Mutual benefit

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