Commonwealth Of Massachusettsnage Health & Welfare Fund

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

EIN: 042845153 ✦ Quincy, MA ✦ Designated as a 501(c)(9)

Overview

What is Commonwealth Of Massachusettsnage Health & Welfare Fund?

The Commonwealth Of Massachusettsnage Health & Welfare Fund is a nonprofit organization based in Quincy, Massachusetts. Their primary mission is to provide welfare benefits to eligible employees under collective bargaining agreements. The fund's activities encompass obtaining and administering the benefit program for participants. With a team of four employees, they work diligently to ensure the availability of essential benefits for those who qualify.


Is Commonwealth Of Massachusettsnage Health & Welfare Fund legitimate?

Commonwealth Of Massachusettsnage Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Commonwealth Of Massachusettsnage Health & 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $125,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,192

For more financial information, click here


What is the mission statement of Commonwealth Of Massachusettsnage Health & Welfare Fund?
Who is the CEO of Commonwealth Of Massachusettsnage Health & Welfare Fund?
What is the revenue of Commonwealth Of Massachusettsnage Health & Welfare Fund?
Who are the executives of Commonwealth Of Massachusettsnage Health & Welfare Fund and what are their salaries?
Where can I find the form 990 for Commonwealth Of Massachusettsnage Health & Welfare Fund?

Mission Statement of Commonwealth Of Massachusettsnage Health & Welfare Fund

The Commonwealth of Massachusetts Health & Welfare Fund, a notable nonprofit organization, is committed to providing benefits to eligible participants. This mission is carried out through obtaining and administering the benefit program for these individuals.

In simpler terms, the Commonwealth of Massachusetts Health & Welfare Fund serves as a vital safety net for eligible employees, ensuring they have access to essential welfare benefits under collective bargaining agreements. By doing so, the organization enhances their overall well-being and financial security.

This nonprofit organization plays a significant role in the lives of its beneficiaries by administering and managing various welfare benefits according to the agreements reached between the employers and the workforce. The team at the Commonwealth of Massachusetts Health & Welfare Fund is dedicated to ensuring that eligible participants receive the benefits they are entitled to, allowing them to focus on their personal and professional growth without the added burden of financial concerns.

By providing these crucial benefits, the Commonwealth of Massachusetts Health & Welfare Fund positively impacts the lives of its recipients, contributing to their overall well-being and peace of mind. The organization's unwavering commitment to its mission is a testament to its dedication to helping those in need.

Impact

This information is meant to be a general summary of Commonwealth Of Massachusettsnage Health & Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of Commonwealth Of Massachusettsnage Health & Welfare Fund is evident in its provision of welfare benefits to eligible participants, primarily employees under collective bargaining agreements. By obtaining and administering benefit programs for these individuals, the organization directly contributes to their overall health and well-being. This targeted support serves as a form of mutual benefit, enhancing the quality of life for those it serves in the Quincy, MA area.





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 2023.

  • Investment Income: $212,969
  • Program Service Revenue: $11,782,176
  • Gross Receipts: $19,868,427

    • Assets and Liabilities:
  • Total Assets: $21,514,166
  • Total Liabilities: $2,690,878
  • Net Assets: $18,823,288
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $10,747,384

    EMPLOYER CONTRIBUTIONS - EAP

    Revenue

    $750,000

    COBRA SUBSIDY CONTRIBUTIONS

    Revenue

    $284,792

    Organization Details

    Founding Year

    1984

    Principal Officer

    Johanna Mcnally

    Main Address

    159 BURGIN PARKWAY, QUINCY, MA, 02169

    NTEE Category

    Code: Y40 - Mutual benefit

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