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Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund

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

EIN: 356028684 ✦ Indianapolis, IN ✦ Designated as a 501(c)(5)

Overview

What is Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund?

The Sheet Metal Workers Local Union No 20 Welfare and Benefit Fund is a charitable organization situated in Indianapolis, Indiana. Their primary objective is to extend health and welfare benefits to the union members and their dependents. This includes health coverage, long-term disability, and death benefits. The Fund's mission is to ensure the wellbeing of its members by addressing their health needs and providing essential support during challenging times.


Is Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund legitimate?

Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Sheet Metal Workers Local Union No 20 Welfare And Benefit 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: $160,032
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,996

For more financial information, click here


What is the mission statement of Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund?
Who is the CEO of Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund?
What is the revenue of Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund?
Who are the executives of Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund and what are their salaries?
Where can I find the form 990 for Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund?

Mission Statement of Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund

The Sheet Metal Workers Local Union No 20 Welfare and Benefit Fund is a charitable organization committed to extending health and welfare benefits to its union members and their families. Established with the purpose of safeguarding the wellbeing of those in the sheet metal industry, this fund ensures that its beneficiaries have access to essential health services and long-term disability coverage.

The fund's primary objective is to promote the overall health and stability of its members and their dependents. By providing comprehensive health benefits, it enables them to maintain optimal physical and mental wellbeing, ensuring they can face the challenges of daily life with confidence. The fund further extends its scope to offer death benefits, providing financial security and support during the most difficult of times.

In essence, the Sheet Metal Workers Local Union No 20 Welfare and Benefit Fund acts as a safety net, ensuring its members have access to essential health services and financial support during times of need. By taking care of its members' wellbeing, it fosters a strong and resilient community, empowering them to focus on their careers and personal growth within the sheet metal industry.

Impact

This information is meant to be a general summary of Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund's impact is significant in providing crucial health and welfare benefits, long-term disability coverage, and death benefits to its members and their dependents. By ensuring access to these essential services, the fund plays a vital role in supporting the well-being and security of individuals within the sheet metal workers community in Indianapolis, IN. Its efforts directly contribute to the overall health and financial stability of its members and their families, thereby positively impacting their quality of life and providing a safety net during times of need.





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: $2,467,325
  • Program Service Revenue: $55,722,139
  • Gross Receipts: $84,432,180

    • Assets and Liabilities:
  • Total Assets: $136,847,179
  • Total Liabilities: $428,145
  • Net Assets: $136,419,034
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $46,074,728

    PARTICIPANT/RETIREE CONTRIBUTIONS

    Revenue

    $6,663,043

    PRESCRIPTION DRUG SUBSIDIES/REBAT

    Revenue

    $2,199,775

    NATIONAL PENSION FUND SUBSIDY

    Revenue

    $471,169

    SASMI CONTRIBUTIONS

    Revenue

    $185,250

    Organization Details

    Founding Year

    1954

    Principal Officer

    Trent Todd

    Main Address

    2828 EAST 45TH STREET, INDIANAPOLIS, IN, 46205

    NTEE Category

    Code: J40 - Employment

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