Ironworkers Local 11 Welfare Fund

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

EIN: 226041517 ✦ Springfield, NJ ✦ Designated as a 501(c)(9)

Overview

What is Ironworkers Local 11 Welfare Fund?

The Ironworkers Local 11 Welfare Fund is a charitable organization based in Springfield, New Jersey. Its primary purpose is to offer health benefits to those who are a part of this fund. Employers, in adherence to a collective bargaining agreement with the district council of Ironworkers in northern New Jersey, contribute to the fund to ensure the availability of these benefits. By providing essential health services, this fund plays a crucial role in improving the overall well-being of its participants.


Official website here: www.ironworkersfunds.com

Is Ironworkers Local 11 Welfare Fund legitimate?

Ironworkers Local 11 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ironworkers Local 11 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: $214,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,148,705

For more financial information, click here


Official website here: www.ironworkersfunds.com

What is the mission statement of Ironworkers Local 11 Welfare Fund?

The Ironworkers Local 11 Welfare Fund serves the crucial role of offering health benefits to its participants. Established through collective bargaining agreements between participating employers and the Ironworkers of northern New Jersey district council, the fund is dedicated to enhancing the well-being of its members. The primary objective is to ensure access to essential health services for the fund's beneficiaries, ultimately improving their overall quality of life. By providing health benefits, the Ironworkers Local 11 Welfare Fund supports the long-term health and financial security of those in the ironworking industry.


Official website here: www.ironworkersfunds.com

Who is the CEO of Ironworkers Local 11 Welfare Fund?

William Kolfenbach Jr is the Employer Trustee of Ironworkers Local 11 Welfare Fund.


Official website here: www.ironworkersfunds.com

What is the revenue of Ironworkers Local 11 Welfare Fund?

Ironworkers Local 11 Welfare Fund's revenue in 2022 was $39,989,422.


Official website here: www.ironworkersfunds.com

Who are the executives of Ironworkers Local 11 Welfare Fund and what are their salaries?

The average compensation at Ironworkers Local 11 Welfare Fund during 2022 was $75,719. There are 18 employees at Ironworkers Local 11 Welfare Fund.

Here are 10 key members and their salaries:

    John Wade Jr (Union Trustee)
  • Compensation: $0
  • Related: $191,468
  • Other: $140,481

    • Michael Leslie (Union Trustee)
  • Compensation: $0
  • Related: $191,468
  • Other: $140,481

    • Richard Malcolm (Union Trustee)
  • Compensation: $0
  • Related: $191,468
  • Other: $140,481

    • Raymond Woodall (Union Trustee)
  • Compensation: $0
  • Related: $191,148
  • Other: $140,481

    • William A Kolfenbach (Fund Administrator)
  • Compensation: $214,238
  • Related: $0
  • Other: $78,249

    • Jack Kocsis Jr (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Shaw (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Murawski (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fred Archer (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Sweeney (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ironworkersfunds.com

    Where can I find the form 990 for Ironworkers Local 11 Welfare Fund?

    The Ironworkers Local 11 Welfare Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ironworkersfunds.com

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

    Mission Statement of Ironworkers Local 11 Welfare Fund

    The Ironworkers Local 11 Welfare Fund is a charitable organization dedicated to extending health benefits to its participants. Established through a collective bargaining agreement between employers and the district council of Ironworkers in northern New Jersey, this fund seeks to ensure the wellbeing of its members.

    The Ironworkers Local 11 Welfare Fund plays a pivotal role in providing essential health benefits to its participants. Employers contributing to the fund under the collective bargaining agreement ensure that the organization can fulfill its mission effectively. By focusing on health benefits, the Ironworkers Local 11 Welfare Fund demonstrates its commitment to the overall well-being and quality of life of its members.

    Impact

    This information is meant to be a general summary of Ironworkers Local 11 Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Ironworkers Local 11 Welfare Fund plays a vital role in providing health benefits to participants, ensuring that individuals have access to necessary medical care and support. By offering these benefits, the fund contributes to the well-being and quality of life of its members, promoting a sense of security and stability. This impact extends beyond the individual participants to their families and communities, fostering a healthier and more productive workforce. The fund's provision of health benefits helps to address healthcare needs and promote overall wellness among its members, demonstrating a commitment to supporting the physical and financial health of those it serves.





    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: $739,490
  • Program Service Revenue: $39,158,824
  • Gross Receipts: $65,780,009

    • Assets and Liabilities:
  • Total Assets: $71,862,811
  • Total Liabilities: $7,464,514
  • Net Assets: $64,398,297
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $35,478,127

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $929,534

    FUND EMPLOYEE PREMIUMS

    Revenue

    $332,120

    REIMBURSED EXPENSES

    Revenue

    $2,419,043

    Organization Details

    Founding Year

    1950

    Principal Officer

    William Kolfenbach Jr

    Main Address

    12 EDISON PLACE, SPRINGFIELD, NJ, 07081

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Ironworkers Local 11 Welfare 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.