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Steamfitters Industry Welfare Fund

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

EIN: 131545680 ✦ Long island city, NY ✦ Designated as a 501(c)(5)

Overview

What is Steamfitters Industry Welfare Fund?

The Steamfitters Industry Welfare Fund is a nonprofit organization that offers pension and welfare benefits to the active and retired members of Steamfitters Local 638, along with their dependents and beneficiaries. This fund, which falls under the Taft Hartley Act of 1947, encompasses multiple programs within the Construction and Metal Trades Branches of Local 638. Specifically, it includes two defined benefit pension plans, two health and welfare funds, a security benefit fund, a vacation plan, and two educational funds. The primary mission of the Fund is to provide eligible participants with health coverage and additional benefits in accordance with the established rules and regulations of the Fund.


Official website here: www.steamfitters.com

Is Steamfitters Industry Welfare Fund legitimate?

Steamfitters Industry Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Steamfitters Industry 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: $86,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $551,928

For more financial information, click here


Official website here: www.steamfitters.com

What is the mission statement of Steamfitters Industry Welfare Fund?

The Steamfitters Industry Welfare Fund serves to extend health coverage and additional benefits to eligible individuals in adherence to the Fund's regulations. Established under the Taft Hartley Act of 1947, this fund is a comprehensive employee benefits program catering to both active and retired members of Steamfitters Local 638, along with their dependents and beneficiaries. The fund encompasses various components, including pension plans, health and welfare funds, a security benefit fund, a vacation plan, and educational funds. The primary objective is to ensure the wellbeing and support of the eligible participants.


Official website here: www.steamfitters.com

Who is the CEO of Steamfitters Industry Welfare Fund?

Michael Mulvaney is the Trustee of Steamfitters Industry Welfare Fund.


Official website here: www.steamfitters.com

What is the revenue of Steamfitters Industry Welfare Fund?

Steamfitters Industry Welfare Fund's revenue in 2022 was $68,606,554.


Official website here: www.steamfitters.com

Who are the executives of Steamfitters Industry Welfare Fund and what are their salaries?

The average compensation at Steamfitters Industry Welfare Fund during 2022 was $17,264. There are 37 employees at Steamfitters Industry Welfare Fund.

Here are 16 key members and their salaries:

    William J Turnbull (Executive Administrator)
  • Compensation: $21,386
  • Related: $406,340
  • Other: $47,866

    • Steve Cuadra (Education Director)
  • Compensation: $0
  • Related: $243,236
  • Other: $64,837

    • James Ippolito (Assistant Administrator)
  • Compensation: $8,347
  • Related: $200,340
  • Other: $45,884

    • James C White (Assistant Administrator)
  • Compensation: $57,117
  • Related: $146,872
  • Other: $45,884

    • Jason Grecco (Education Instructor)
  • Compensation: $0
  • Related: $180,717
  • Other: $55,283

    • Stephen Powers (Education Instructor)
  • Compensation: $0
  • Related: $178,468
  • Other: $55,283

    • Daniel Knights (Education Instructor)
  • Compensation: $0
  • Related: $173,918
  • Other: $55,283

    • James Coffey (Education Instructor)
  • Compensation: $0
  • Related: $160,988
  • Other: $55,283

    • Sean Driscoll (It Director)
  • Compensation: $53,407
  • Related: $124,618
  • Other: $35,432

    • Michael Mulvaney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Mulligan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clifford Ryder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Saporito (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward English (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shane Mcmorrow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Sheeran (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.steamfitters.com

    Where can I find the form 990 for Steamfitters Industry Welfare Fund?

    The Steamfitters Industry Welfare Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.steamfitters.com

    Learn more at the official website: www.steamfitters.com

    Mission Statement of Steamfitters Industry Welfare Fund

    The Steamfitters Industry Welfare Fund is a dedicated organization that offers health coverage and various benefits to eligible participants, in accordance with its established rules and regulations. By providing these essential services, the Fund plays a crucial role in ensuring the wellbeing of its members.

    This nonprofit entity, commonly known as the Steamfitters Industry Welfare Fund, is committed to delivering comprehensive benefits to the qualified individuals under its jurisdiction. Its primary focus lies in the provision of health coverage, which is a vital aspect of maintaining overall health and wellness. The Fund's regulations govern the eligibility and scope of these offerings, ensuring fairness and accessibility for all.

    The Steamfitters Industry Welfare Fund encompasses several employee benefit programs, catering to the needs of Steamfitters Local 638's active and retired members, as well as their dependents and beneficiaries. These programs include pension plans, both defined benefit and defined contribution, health and welfare funds, a security benefit fund, a vacation plan, and two educational funds. By offering this extensive range of benefits, the Fund serves to enhance the quality of life for its members and their families.

    Impact

    This information is meant to be a general summary of Steamfitters Industry 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 Steamfitters Industry Welfare Fund has a significant impact on the lives of thousands of active and retired members of Steamfitters' Local 638, as well as their dependents and beneficiaries. By providing health coverage and other benefits in accordance with the Fund's regulations, it plays a crucial role in ensuring the well-being and security of individuals within the steamfitting industry. Through its various programs, including pension and welfare benefits, the Fund supports the livelihoods of its participants and contributes to the overall welfare of the community.





    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: $2,380,320
  • Program Service Revenue: $66,136,208
  • Gross Receipts: $82,649,412

    • Assets and Liabilities:
  • Total Assets: $96,675,389
  • Total Liabilities: $4,087,758
  • Net Assets: $92,587,631
  • Programs

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

    Employer Contributions

    Revenue

    $66,136,208

    Organization Details

    Founding Year

    1946

    Principal Officer

    Michael Mulvaney

    Main Address

    27-08 40th Avenue 2nd floor, Long Island City, NY, 111013725

    NTEE Category

    Code: Y30 - Mutual benefit

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