Sheet Metal Workers Local Union No 17 Insurance Fund

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

EIN: 042088633 ✦ Dorchester, MA ✦ Designated as a 501(c)(9)

Overview

What is Sheet Metal Workers Local Union No 17 Insurance Fund?

The Sheet Metal Workers Local Union No 17 Insurance Fund is a nonprofit organization situated in Dorchester, Massachusetts, with a first-floor address at 1157 Adams Street. Their primary mission is to offer health and other specified benefits to eligible union members and their dependents, through a collectively bargained multi-employer plan. This fund strives to provide essential health benefits for their participants. The organization, with a team of 31 employees, is dedicated to enhancing the well-being of those who are eligible.


Is Sheet Metal Workers Local Union No 17 Insurance Fund legitimate?

Sheet Metal Workers Local Union No 17 Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers Local Union No 17 Insurance 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $187,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,353

For more financial information, click here


What is the mission statement of Sheet Metal Workers Local Union No 17 Insurance Fund?
Who is the CEO of Sheet Metal Workers Local Union No 17 Insurance Fund?
What is the revenue of Sheet Metal Workers Local Union No 17 Insurance Fund?
Who are the executives of Sheet Metal Workers Local Union No 17 Insurance Fund and what are their salaries?
Where can I find the form 990 for Sheet Metal Workers Local Union No 17 Insurance Fund?

Mission Statement of Sheet Metal Workers Local Union No 17 Insurance Fund

Sheet Metal Workers Local Union No 17 Insurance Fund is a mission-driven organization that prioritizes the health and wellbeing of its eligible participants. In simple terms, the Fund's primary goal is to extend health benefits to those who qualify. It is a collective initiative, with benefits negotiated through a multi-employer plan.

The Fund's mission is multifaceted, extending beyond just health coverage. It aims to provide a range of specified benefits to eligible members and their dependents. By doing so, it strives to ensure the overall wellbeing and peace of mind of those it serves. The Fund's activities are geared towards enhancing the quality of life for its members and their families. Through its comprehensive benefits package, it addresses various aspects of wellness, ensuring that the needs of its community are met holistically.

In its pursuit of fulfilling this mission, the Sheet Metal Workers Local Union No 17 Insurance Fund operates as a collaborative entity. It leverages the collective bargaining power of the union to secure and offer competitive and comprehensive benefits to its participants. The Fund's offerings include, but are not limited to, health benefits, ensuring that its members have access to essential medical services and resources. By providing these benefits, the Fund not only contributes to the physical health of its members but also plays a crucial role in promoting their overall wellbeing and financial security.

Impact

This information is meant to be a general summary of Sheet Metal Workers Local Union No 17 Insurance Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Sheet Metal Workers Local Union No 17 Insurance Fund positively impacts the lives of its eligible participants by providing health and other specified benefits through a collectively bargained multiemployer plan. This ensures that members and their dependents have access to important health and welfare benefits to support their well-being. Through its mission to provide these crucial benefits, the Insurance Fund plays a significant role in safeguarding the health and financial security of its members in Dorchester, MA, and beyond.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $898,780
  • Program Service Revenue: $48,300,772
  • Gross Receipts: $51,530,062

    • Assets and Liabilities:
  • Total Assets: $88,739,286
  • Total Liabilities: $6,259,818
  • Net Assets: $82,479,468
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $46,491,564

    MEMBER CONTRIBUTIONS

    Revenue

    $1,450,711

    SASMI CONTRIBUTIONS

    Revenue

    $358,497

    Organization Details

    Founding Year

    1950

    Principal Officer

    Richard Keogh

    Main Address

    1157 ADAMS STREET 1ST FLOOR, DORCHESTER, MA, 02124

    NTEE Category

    Code: Y40 - Mutual benefit

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