Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund

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

EIN: 111628171 ✦ Hempstead, NY ✦ Designated as a 501(c)(9)

Overview

What is Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?

Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is a nonprofit organization based in Hempstead, New York, with a location at 681 Fulton Avenue, ZIP code 11550. The primary mission of this organization is to offer various benefits to eligible participants and their dependents. These benefits include medical coverage, vacation days, dental care, vision services, unemployment assistance, disability coverage, and death benefits. The organization aims to support its members by providing these essential services, ensuring they have access to necessary resources for their overall wellbeing. With a team of eight employees, the Laborers Union Local 1298 Welfare Fund is committed to fulfilling its purpose and enhancing the lives of those it serves.


Is Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund legitimate?

Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers Union Local 1298 Of Nassau & Suffolk Counties 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: $526,408
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,666

For more financial information, click here


What is the mission statement of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
What is the revenue of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?
Who are the executives of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund and what are their salaries?
Where can I find the form 990 for Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund?

Mission Statement of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund

Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is a charitable organization dedicated to providing essential benefits to eligible participants and their dependents. This nonprofit institution takes pride in offering a comprehensive range of services, encompassing medical, vacation, dental, vision, unemployment, disability, and death benefits.

In simple terms, the primary objective of Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is to improve the lives of its members by addressing their health, financial, and welfare needs. By providing these benefits, the organization strives to ensure that its members can focus on their well-being and maintain a sense of security throughout various life circumstances.

In practice, Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund acts as a safety net for its members, cushioning them during periods of uncertainty or hardship. The medical benefits enable participants to access necessary healthcare services, ensuring their overall health and wellbeing. The vacation, dental, and vision benefits offer opportunities for relaxation and self-care, promoting mental and physical wellness.

The unemployment, disability, and death benefits serve as crucial financial support systems during times of job loss, injury, or bereavement. By providing these benefits, Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund helps its members navigate through challenging times, allowing them to focus on recovery and rebuilding rather than financial stress. Overall, the mission of Laborers Union Local 1298 of Nassau & Suffolk Counties Welfare Fund is to support and empower its members, creating a sense of community and security.

Impact

This information is meant to be a general summary of Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Laborers Union Local 1298 Of Nassau & Suffolk Counties Welfare Fund plays a crucial role in providing essential benefits such as medical, vacation, dental, vision, unemployment, disability, and death benefits to eligible participants and their dependents. This assistance contributes to the well-being and security of individuals and families within the union by ensuring access to important services and financial support during critical times. The fund's impact extends beyond simple transactions, as it supports the overall health and welfare of its members, fostering a sense of community and solidarity within the laborers' union.





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: $788,505
  • Program Service Revenue: $32,672,372
  • Gross Receipts: $36,220,011

    • Assets and Liabilities:
  • Total Assets: $39,440,180
  • Total Liabilities: $276,879
  • Net Assets: $39,163,301
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $31,823,325

    RETIREE CONTRIBUTIONS

    Revenue

    $724,110

    COBRA CONTRIBUTIONS

    Revenue

    $124,937

    Organization Details

    Founding Year

    1950

    Main Address

    681 FULTON AVENUE, HEMPSTEAD, NY, 11550

    NTEE Category

    Code: Y40 - Mutual benefit

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