Local 1205 Welfare Fund

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

EIN: 111586595 ✦ Farmingdale, NY ✦ Designated as a 501(c)(9)

Overview

What is Local 1205 Welfare Fund?

The Local 1205 Welfare Fund is a nonprofit organization situated at 246 Conklin Street, Farmingdale, New York, 11735. Its primary mission is to extend health and welfare benefits to eligible participants and their dependents. This charitable entity focuses on improving the lives of those it serves, ensuring they have access to essential benefits when they need it most.


Is Local 1205 Welfare Fund legitimate?

Local 1205 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 1205 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,822

For more financial information, click here


What is the mission statement of Local 1205 Welfare Fund?
Who is the CEO of Local 1205 Welfare Fund?
What is the revenue of Local 1205 Welfare Fund?
Who are the executives of Local 1205 Welfare Fund and what are their salaries?
Where can I find the form 990 for Local 1205 Welfare Fund?

Mission Statement of Local 1205 Welfare Fund

Local 1205 Welfare Fund is a charitable organization dedicated to extending health and welfare benefits to eligible participants and their dependents. The mission of this nonprofit is multifaceted, geared towards improving the overall well-being of those it serves.

In essence, Local 1205 Welfare Fund functions as a safety net, providing essential resources and support for individuals and families in need. By offering health and welfare benefits, the organization enables its recipients to focus on their well-being and overcome various challenges. The services offered by this nonprofit are crucial in ensuring that eligible participants and their dependents have access to essential resources, fostering stability and promoting long-term health.

The mission of Local 1205 Welfare Fund is driven by a deep commitment to supporting the community it serves. By providing health and welfare benefits, the organization helps alleviate the financial burden of healthcare and other essential needs, allowing individuals and families to focus on their personal growth and development. The nonprofit's efforts not only improve the lives of those it directly supports but also contribute to the overall health and well-being of the community.

Impact

This information is meant to be a general summary of Local 1205 Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Local 1205 Welfare Fund's impact lies in its ability to provide crucial health and welfare benefits to eligible participants and their dependents. By offering these services, the fund plays a vital role in ensuring the well-being and security of individuals and families within its community. This support contributes to the overall health and stability of the participants, enabling them to access necessary medical care and assistance when needed. In doing so, Local 1205 Welfare Fund directly enhances the quality of life for those it serves, fostering a sense of security and support within its membership base.





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: $889,777
  • Program Service Revenue: $17,783,417
  • Gross Receipts: $21,609,590

    • Assets and Liabilities:
  • Total Assets: $36,055,749
  • Total Liabilities: $4,476,466
  • Net Assets: $31,579,283
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $17,363,874

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $292,717

    COBRA CONTRIBUTIONS

    Revenue

    $126,826

    Organization Details

    Founding Year

    1975

    Principal Officer

    Daniel Decrotie

    Main Address

    246 CONKLIN STREET, FARMINGDALE, NY, 11735

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Local 1205 Welfare Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.