Excavators Union 731 Welfare

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

EIN: 131615440 ✦ Astoria, NY ✦ Designated as a 501(c)(9)

Overview

What is Excavators Union 731 Welfare?

Excavators Union 731 Welfare is a multi-employer welfare fund established through collective bargaining, headquartered at 34-11 35th Avenue in Astoria, New York, with a zip code of 11106. Their primary mission is to provide health and welfare benefits to union participants and their dependents. This nonprofit organization has a workforce of six individuals dedicated to this cause.


Is Excavators Union 731 Welfare legitimate?

Excavators Union 731 Welfare is a legitimate nonprofit organization registered as a 501(c)(9) entity. Excavators Union 731 Welfare 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: $1,181,402

For more financial information, click here


What is the mission statement of Excavators Union 731 Welfare?
Who is the CEO of Excavators Union 731 Welfare?
What is the revenue of Excavators Union 731 Welfare?
Who are the executives of Excavators Union 731 Welfare and what are their salaries?
Where can I find the form 990 for Excavators Union 731 Welfare?

Mission Statement of Excavators Union 731 Welfare

Excavators Union 731 Welfare, a collectively bargained multi-employer welfare fund, is dedicated to providing health and welfare benefits to its participants and their dependents. In essence, this nonprofit organization serves as a safety net, ensuring access to essential services and resources for those involved in the excavation industry.

By pooling resources from various employers, Excavators Union 731 Welfare is able to offer a comprehensive suite of benefits designed to enhance the quality of life for its members. Its mission goes beyond just providing coverage for medical needs; it also extends to improving overall well-being.

Excavators Union 731 Welfare's commitment to its members' well-being is reflected in its diverse range of offerings. These benefits cover various aspects of health and welfare, ensuring that participants and their families have access to the care they need when they need it. The organization's focus on collective bargaining allows for negotiated rates and coverage options, making healthcare more affordable and accessible for all.

Impact

This information is meant to be a general summary of Excavators Union 731 Welfare. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Excavators Union 731 Welfare has a significant impact on providing health and welfare benefits to participants and their dependents. By offering collectively bargained multi-employer welfare funds, this organization plays a crucial role in ensuring that individuals within the union have access to essential healthcare services and support. The provision of these benefits not only benefits the participants directly but also contributes to the overall well-being and stability 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: $-79,211,931
  • Program Service Revenue: $227,119,147
  • Gross Receipts: $461,521,793

    • Assets and Liabilities:
  • Total Assets: $763,644,459
  • Total Liabilities: $5,677,091
  • Net Assets: $757,967,368
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $226,015,480

    MEDICARE PART D

    Revenue

    $761,023

    COBRA

    Revenue

    $342,644

    Organization Details

    Founding Year

    1950

    Principal Officer

    Paul D'Abbrac

    Main Address

    34-11 35TH AVENUE, ASTORIA, NY, 11106

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Excavators Union 731 Welfare 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.