Welfare Fund Local No 16 Iatse

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

EIN: 946138741 ✦ Pleasanton, CA ✦ Designated as a 501(c)(9)

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Overview

What is Welfare Fund Local No 16 Iatse?

Welfare Fund Local No 16 Iatse is a multi-employer nonprofit organization based in Pleasanton, California, specifically located at 7180 Koll Center Parkway, Suite 200. Their primary mission is dedicated to providing essential health and welfare benefits to eligible participants and their dependents within this plan. The organization strives to ensure that those who meet the eligibility criteria can access these benefits, securing their wellbeing.


Official website here: www.local16.org

Is Welfare Fund Local No 16 Iatse legitimate?

Welfare Fund Local No 16 Iatse is a legitimate nonprofit organization registered as a 501(c)(9) entity. Welfare Fund Local No 16 Iatse 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


Official website here: www.local16.org

What is the mission statement of Welfare Fund Local No 16 Iatse?

Welfare Fund Local No 16 Iatse is dedicated to extending health and welfare benefits to eligible individuals and their dependents within this multi-employer plan. Their primary objective is to ensure the well-being of beneficiaries by offering a comprehensive range of benefits. Through this initiative, they provide essential coverage aimed at enhancing the quality of life for those enrolled in the plan. By offering these benefits, Welfare Fund Local No 16 Iatse plays a crucial role in promoting the overall health and wellness of the eligible participants and their families.


Official website here: www.local16.org

Who is the CEO of Welfare Fund Local No 16 Iatse?

James Beaumonte is the Chairman of Welfare Fund Local No 16 Iatse.


Official website here: www.local16.org

What is the revenue of Welfare Fund Local No 16 Iatse?

Welfare Fund Local No 16 Iatse's revenue in 2022 was $15,124,205.


Official website here: www.local16.org

Who are the executives of Welfare Fund Local No 16 Iatse and what are their salaries?


Here are 12 key members and their salaries:


James Beaumonte (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lutge (Trustee (Thru 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott A Houghton (Chairman(Thru 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Ryan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Hughston Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Sauter (Trustee (Thru 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Conde (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Borelis (Trustee (Eff. 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Bethel (Trustee (Eff. 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Good (Trustee (Eff. 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Rainier Koeners (Trustee (Eff. 11/21/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
See Schedule O For Compensation (Paid By Related Organizations)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.local16.org

Where can I find the form 990 for Welfare Fund Local No 16 Iatse?

Welfare Fund Local No 16 Iatse's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.local16.org

Learn more at the official website: www.local16.org

Mission Statement of Welfare Fund Local No 16 Iatse

Welfare Fund Local No 16 Iatse, a multi-employer plan, is dedicated to extending health and welfare benefits to eligible participants and their dependents. This nonprofit organization's primary mission lies in ensuring the well-being of its members by providing essential benefits crucial for maintaining a healthy and balanced lifestyle.

By offering health and welfare benefits, Welfare Fund Local No 16 Iatse addresses the diverse needs of its members, enhancing their overall quality of life. The organization's commitment to its members extends beyond just health concerns, as it also aims to secure peace of mind for those it serves. In doing so, it fosters a sense of community and support among its participants.

The provision of health and welfare benefits under the umbrella of Welfare Fund Local No 16 Iatse is a testament to its unwavering dedication to the individuals it represents. By providing access to these vital services, the organization empowers its members to focus on their personal and professional growth, secure in the knowledge that their well-being is being taken care of. The mission of Welfare Fund Local No 16 Iatse is a beacon of hope and security for its participants, offering them the essential benefits they need to live healthy, fulfilling lives.

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Impact




October, 2024

Welfare Fund Local No 16 Iatse plays a crucial role in enhancing the well-being of eligible participants and their dependents by providing essential health and welfare benefits. Located in Pleasanton, CA, this organization supports individuals in the entertainment industry, ensuring they have access to vital healthcare services and support systems. The fund helps alleviate financial burdens associated with medical expenses, promoting a healthier workforce and contributing to the overall stability of the community. By offering this multiemployer plan, the Welfare Fund fosters mutual benefit, solidarity, and security among its members, empowering them to focus on their professional pursuits without the added stress of healthcare concerns.




This information is meant to be a general summary of Welfare Fund Local No 16 Iatse. 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
$15,124,205 (2022)
Expenses
$12,576,027 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $192,176
  • Program Service Revenue: $14,932,029
  • Gross Receipts: $15,125,138

Assets and Liabilities:

  • Total Assets: $16,035,612
  • Total Liabilities: $4,669,638
  • Net Assets: $11,365,974

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Programs

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

PARTICIPANT CONTRIBUTIONS

Revenue

$641,944

EMPLOYER CONTRIBUTIONS

Revenue

$13,957,469

RX REBATES

Revenue

$126,900

STOP LOSS REIMBURSEMENTS

Revenue

$197,073

MEDICARE D SUBSIDY

Revenue

$8,643

Organization Details

Founding Year

1965

Principal Officer

James Beaumonte

Main Address

7180 KOLL CENTER PARKWAY Suite 200, PLEASANTON, CA, 94566

NTEE Category

Code: Y40 - Mutual benefit

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