Administrative District Council 1 Welfare Fund

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

EIN: 362150067 ✦ Elmhurst, IL ✦ Designated as a 501(c)(9)

Overview

What is Administrative District Council 1 Welfare Fund?

Administrative District Council 1 Welfare Fund, located in Elmhurst, Illinois, is a nonprofit organization dedicated to delivering health benefits to eligible individuals and their dependents. This fund, which is part of BAC Administrative District Council 1 of Illinois, offers essential medical coverage and death benefits under its mission. The organization's programs ensure access to crucial healthcare services, ultimately enhancing the well-being of the community it serves.


Is Administrative District Council 1 Welfare Fund legitimate?

Administrative District Council 1 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Administrative District Council 1 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: $238,179
Professional Fundraising Fees: $0
Other Salaries and Wages: $850,655

For more financial information, click here


What is the mission statement of Administrative District Council 1 Welfare Fund?
Who is the CEO of Administrative District Council 1 Welfare Fund?
What is the revenue of Administrative District Council 1 Welfare Fund?
Who are the executives of Administrative District Council 1 Welfare Fund and what are their salaries?
Where can I find the form 990 for Administrative District Council 1 Welfare Fund?

Mission Statement of Administrative District Council 1 Welfare Fund

The Administrative District Council 1 Welfare Fund, a nonprofit organization, is dedicated to extending health benefits to eligible individuals and their dependents. Based on the information provided, the mission of this fund can be summarized as follows:

The Administrative District Council 1 Welfare Fund, headquartered in Illinois, has set forth a significant objective to offer medical and death benefits to those who meet the eligibility requirements and their dependents. The scope of their work extends beyond just providing benefits. Their initiatives are geared towards enhancing the overall wellbeing and health of the people they serve.

This nonprofit organization places a strong emphasis on ensuring access to essential healthcare services for its beneficiaries. By offering medical benefits, the Administrative District Council 1 Welfare Fund plays a crucial role in promoting preventative care and managing chronic conditions, leading to improved health outcomes and overall quality of life. Furthermore, by providing death benefits, the organization offers a safety net for families during their time of need, alleviating financial burdens and allowing them to focus on grieving and healing.

In essence, the Administrative District Council 1 Welfare Fund serves as a vital resource for individuals and families who require support in accessing necessary healthcare services. Their commitment to providing health benefits not only ensures that those in need receive the care they require, but also fosters a healthier community overall.

Impact

This information is meant to be a general summary of Administrative District Council 1 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 the Administrative District Council 1 Welfare Fund is significant in providing health benefits to eligible participants and their dependents. This includes offering medical and death benefits to support the well-being and security of individuals within the community. Through its programs, the organization plays a crucial role in ensuring access to essential healthcare services and financial assistance during times of need. By fulfilling its mission of providing health benefits, the Administrative District Council 1 Welfare Fund positively impacts the lives of those it serves in Elmhurst, IL, 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 2023.

  • Investment Income: $1,973,759
  • Program Service Revenue: $30,352,961
  • Gross Receipts: $36,953,977

    • Assets and Liabilities:
  • Total Assets: $139,295,537
  • Total Liabilities: $325,779
  • Net Assets: $138,969,758
  • Programs

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

    CONTRACTOR CONTRIBUTIONS

    Revenue

    $25,450,908

    PRESCRIPTION DRUG REBATES

    Revenue

    $2,704,714

    REIMB. OF SHARED EXPENSES FROM RE

    Revenue

    $997,297

    RETIRED MEMBERS' CONTRIBUTIONS

    Revenue

    $705,675

    STOP-LOSS INSURANCE PROCEEDS

    Revenue

    $128,864

    Organization Details

    Founding Year

    1950

    Principal Officer

    Michael Volpentesta

    Main Address

    660 N INDUSTRIAL DRIVE 100, ELMHURST, IL, 60126

    NTEE Category

    Code: Y40 - Mutual benefit

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