Plumbers Local Union No 1 Welfare Fund

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

EIN: 111538293 ✦ Long island city, NY ✦ Designated as a 501(c)(9)

Overview

What is Plumbers Local Union No 1 Welfare Fund?

Plumbers Local Union No 1 Welfare Fund is a nonprofit organization offering essential benefits to eligible members of Plumbers Union Local No. 1. Based in Long Island City, New York, the fund provides comprehensive coverage, encompassing medical, surgical, hospitalization, death, disability, dental, prescription, and vision benefits. With a team of 184 employees, the welfare fund is dedicated to ensuring the well-being and support of its union members, enhancing their overall quality of life and peace of mind.


Is Plumbers Local Union No 1 Welfare Fund legitimate?

Plumbers Local Union No 1 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Plumbers Local Union No 1 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: $304,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,461

For more financial information, click here


What is the mission statement of Plumbers Local Union No 1 Welfare Fund?
Who is the CEO of Plumbers Local Union No 1 Welfare Fund?
What is the revenue of Plumbers Local Union No 1 Welfare Fund?
Who are the executives of Plumbers Local Union No 1 Welfare Fund and what are their salaries?
Where can I find the form 990 for Plumbers Local Union No 1 Welfare Fund?

Mission Statement of Plumbers Local Union No 1 Welfare Fund

Plumbers Local Union No 1 Welfare Fund is a non-profit organization dedicated to providing essential benefits to eligible members of Plumbers Union Local No. 1. In simple terms, this fund is committed to safeguarding the health and well-being of its union members by offering various benefits.

More specifically, the Plumbers Local Union No 1 Welfare Fund extends coverage for medical, surgical, hospitalization, death, disability, dental, prescription, and vision benefits to its union members. This comprehensive suite of benefits ensures that the recipients have access to vital healthcare services when they need it most, promoting their overall well-being and peace of mind.

The mission of Plumbers Local Union No 1 Welfare Fund is to support and uplift its members by delivering essential benefits that cater to their diverse healthcare needs. By doing so, the fund plays a crucial role in enhancing the quality of life for its union members, allowing them to focus on their work and personal lives without the added worry of healthcare costs.

In summary, Plumbers Local Union No 1 Welfare Fund is an integral part of the Plumbers Union Local No. 1 community, providing vital benefits that promote the health and well-being of its members. Through its comprehensive suite of medical, surgical, hospitalization, death, disability, dental, prescription, and vision benefits, the fund ensures that its members have access to the care they need, enabling them to thrive both personally and professionally.

Impact

This information is meant to be a general summary of Plumbers Local Union No 1 Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Plumbers Local Union No 1 Welfare Fund's impact is significant in providing crucial benefits, including medical, surgical, hospitalization, death, disability, dental, prescription, and vision benefits to eligible members of Plumbers Union Local No. 1. This assistance plays a vital role in supporting the health and well-being of union members and their families, ensuring they have access to necessary medical care and support in times of need. By offering these essential benefits, the fund contributes to the overall stability and security of individuals within the union, demonstrating a commitment to mutual benefit and support among its members.





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: $6,112,731
  • Program Service Revenue: $92,195,192
  • Gross Receipts: $143,359,446

    • Assets and Liabilities:
  • Total Assets: $288,998,359
  • Total Liabilities: $9,115,135
  • Net Assets: $279,883,224
  • Programs

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

    EMPLOYER CONTRIBUTION

    Revenue

    $91,629,011

    PARTICIPANT CONTRIBUTION

    Revenue

    $566,181

    Organization Details

    Founding Year

    1949

    Principal Officer

    Paul O'Connor Eugene Bo

    Main Address

    50-02 5TH STREET 2ND FLOOR, LONG ISLAND CITY, NY, 11101

    NTEE Category

    Code: Y40 - Mutual benefit

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