Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund

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

EIN: 221481564 ✦ Newark, NJ ✦ Designated as a 501(c)(9)

Overview

What is Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

Heavy & General Laborers Local 472 & Local 172 of New Jersey Welfare Fund is a nonprofit organization based in Newark, New Jersey. The primary mission of this fund is to provide health and other essential benefits to eligible participants and their dependents. With a workforce of 48 individuals, the organization is dedicated to ensuring the wellbeing of its members by offering comprehensive coverage and support. By focusing on health benefits, the fund contributes to the overall wellness and stability of the local labor community.


Is Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund legitimate?

Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Heavy & General Laborers Local 472 & Local 172 Of New Jersey 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: $539,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,578,424

For more financial information, click here


What is the mission statement of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?
Who is the CEO of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?
What is the revenue of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?
Who are the executives of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund and what are their salaries?

The average compensation at Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund during 2023 was $64,955. There are 48 employees at Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund.

Here are 19 key members and their salaries:


Where can I find the form 990 for Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund?

Mission Statement of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund

Heavy & General Laborers Local 472 & Local 172 of New Jersey Welfare Fund is a nonprofit organization dedicated to providing essential health and other benefits to eligible participants and their dependents. The organization's primary objective is to ensure the well-being of those individuals who are part of the laborers local unions in New Jersey.

With a strong commitment to the welfare of its members, the Welfare Fund offers a comprehensive range of benefits designed to enhance their overall quality of life. These benefits extend beyond just health coverage, providing additional support and services that cater to various aspects of their daily lives.

Through its mission, Heavy & General Laborers Local 472 & Local 172 of New Jersey Welfare Fund plays a crucial role in promoting the health and well-being of its members. By offering vital health benefits, the organization enables its participants to focus on their work and personal lives, knowing they have essential coverage to help them navigate through unforeseen health challenges. The Fund's dedication to the well-being of its members is a testament to its unwavering commitment to the laborers community in New Jersey.

Impact

This information is meant to be a general summary of Heavy & General Laborers Local 472 & Local 172 Of New Jersey 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 impact of Heavy & General Laborers Local 472 & Local 172 Of New Jersey Welfare Fund is significant in providing health and other benefits to eligible participants and their dependents. By offering these benefits, the fund plays a crucial role in supporting the well-being and livelihoods of its members. This aid ensures that individuals and families have access to necessary healthcare services and other essential benefits, contributing to their overall quality of life. The fund's impact can be seen in the improved health outcomes and financial security of its beneficiaries, reinforcing the importance of mutual support within 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 2023.

  • Investment Income: $3,593,943
  • Program Service Revenue: $200,528,391
  • Gross Receipts: $393,801,522

    • Assets and Liabilities:
  • Total Assets: $320,028,510
  • Total Liabilities: $51,509,066
  • Net Assets: $268,519,444
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $147,151,949

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $53,376,442

    Organization Details

    Founding Year

    1950

    Principal Officer

    Beverly Ceaser

    Main Address

    700 RAYMOND BOULEVARD, NEWARK, NJ, 071052909

    NTEE Category

    Code: Y40 - Mutual benefit

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