Overview
What is Local 804 Welfare Trust Fund?
Established in 1950, the Local 804 Welfare Trust Fund is a nonprofit organization based in Long Island City, New York. The Fund was created through an agreement and declaration of trust between Delivery and Warehouse Employees Union, Local 804 IBT, and various employers. Their mission is to provide healthcare benefits for eligible participants and their dependents. Under collective bargaining agreements, employers contribute to the Trust to establish a welfare program that caters to the employees of the employers, the union, and the Local 804 Welfare Trust Fund itself. The Fund has reportedly benefited approximately 5900 individuals during the previous year.
Official website here: www.local804fund.com
Is Local 804 Welfare Trust Fund legitimate?
Local 804 Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 804 Welfare Trust 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: $268,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,548,416
For more financial information, click here
Official website here: www.local804fund.com
What is the mission statement of Local 804 Welfare Trust Fund?
The Local 804 Welfare Trust Fund was established in 1950 through an agreement and declaration of trust between Delivery and Warehouse Employees Union, Local 804 IBT, and various employers. The union and employers entered into collective bargaining agreements, requiring employers to make payments for establishing a welfare program. This program aims to provide healthcare benefits for the employees of the employers, the employees of the union, and the employees of the Local 804 Welfare Trust Fund. The Trust Fund serves as a means to ensure the wellbeing of the workforce by offering essential healthcare coverage.
Official website here: www.local804fund.com
Who is the CEO of Local 804 Welfare Trust Fund?
Vincent Perrone is the Employer Trustee of Local 804 Welfare Trust Fund.
Official website here: www.local804fund.com
What is the revenue of Local 804 Welfare Trust Fund?
Local 804 Welfare Trust Fund's revenue in 2022 was $132,247,343.
Official website here: www.local804fund.com
Who are the executives of Local 804 Welfare Trust Fund and what are their salaries?
The average compensation at Local 804 Welfare Trust Fund during 2022 was $79,004. There are 23 employees at Local 804 Welfare Trust Fund.
Here are 13 key members and their salaries:
- Marc Panteleone (Fund Manager)
- Maggie Wu (Accountant)
- Vincent Perrone (Union Trustee)
- Christopher Williamson (Union Trustee)
- Antonino Rosciglione (Union Trustee)
- Anthony Cerulli (Union Trustee)
- James Panteleone (It And Benefit Claims Assi)
- Christine Nicoletti (Office Manager)
- Celia Liaw (Benefit Claims Assistant)
- Chris Langan (Employer Trustee)
- Mark Mcelreath (Employer Trustee)
- Matthew Loughlin (Employer Trustee)
- Michael Clayton (Employer Trustee)
Official website here: www.local804fund.com
Where can I find the form 990 for Local 804 Welfare Trust Fund?
The Local 804 Welfare Trust Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.local804fund.com
Learn more at the official website: www.local804fund.com
Mission Statement of Local 804 Welfare Trust Fund
The Local 804 Welfare Trust Fund, established in 1950, is a charitable organization created through an agreement and declaration of trust between Delivery and Warehouse Employees Union, Local 804 IBT, and various employers. With a mission to provide healthcare benefits, the Union and employers entered into collective bargaining agreements requiring contributions to establish a welfare program. This trust fund offers welfare benefits for the employees of the employers, the employees of the Union, and those working for the Local 804 Welfare Trust Fund itself. Through this collaborative effort, the organization has been able to make a difference in the lives of numerous individuals by securing access to essential health services. The Local 804 Welfare Trust Fund plays a vital role in enhancing the well-being of its beneficiaries, fostering a healthier and more productive workforce.
Impact
This information is meant to be a general summary of Local 804 Welfare Trust Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Local 804 Welfare Trust Fund's impact is significant in providing health care benefits for eligible participants and their dependents. With an estimated 5914 participants benefiting from these health care benefits in the past year, the Trust Fund plays a crucial role in supporting the well-being and health care needs of its members. Its mission, traced back to 1950, demonstrates a long-standing commitment to ensuring that delivery and warehouse employees, along with their dependents, receive the necessary health care support. Through collective bargaining agreements with employers, the Trust Fund has been able to establish a welfare program that serves the mutual benefit of all involved parties.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS - EMPLOYERS
Revenue
$126,186,164
CONTRIBUTIONS - RETIRED PARTICIPA
Revenue
$2,846,051
CONTRIBUTIONS - COBRA PARTICIPANT
Revenue
$135,298
Organization Details
Founding Year
1950
Phone
(718) 786-5410
Principal Officer
Vincent Perrone
Main Address
34-21 REVIEW AVENUE, LONG ISLAND CITY, NY, 111013241
Website
www.local804fund.com
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Local 804 Welfare Trust 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.