Chicago Tile Institute Welfare Fund

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

EIN: 362325442 ✦ Elmhurst, IL ✦ Designated as a 501(c)(9)

Overview

What is Chicago Tile Institute Welfare Fund?

The Chicago Tile Institute Welfare Fund is a nonprofit organization based in Elmhurst, Illinois, with a workforce of 53 employees. Their primary mission is to extend medical, prescription, and disability benefits to eligible participants and their dependents, as outlined in their plan document. The Chicago Tile Institute Welfare Fund is dedicated to fulfilling this objective and enhancing the well-being of those it serves.


Is Chicago Tile Institute Welfare Fund legitimate?

Chicago Tile Institute Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chicago Tile Institute 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: $217,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,573

For more financial information, click here


What is the mission statement of Chicago Tile Institute Welfare Fund?
Who is the CEO of Chicago Tile Institute Welfare Fund?
What is the revenue of Chicago Tile Institute Welfare Fund?
Who are the executives of Chicago Tile Institute Welfare Fund and what are their salaries?
Where can I find the form 990 for Chicago Tile Institute Welfare Fund?

Mission Statement of Chicago Tile Institute Welfare Fund

The Chicago Tile Institute Welfare Fund is a charitable organization dedicated to providing essential benefits to its eligible participants and their dependents. In simple terms, this nonprofit institution is committed to extending medical, prescription, and disability coverage to those who meet the qualifications set out in the plan document.

By offering these vital benefits, the Chicago Tile Institute Welfare Fund plays an essential role in supporting the health and wellbeing of its beneficiaries. The organization's mission is to deliver peace of mind and financial security to its participants during times of need. By providing access to necessary medical services and critical prescription medications, the Welfare Fund enables its members to focus on their recovery and wellbeing, rather than worrying about the financial burdens associated with healthcare costs.

Moreover, the Chicago Tile Institute Welfare Fund extends its support to the dependents of its eligible participants. This compassionate approach ensures that the entire family unit is taken care of during times of medical hardship, promoting overall health and stability within the community. By providing comprehensive benefits packages, the Welfare Fund empowers its members to face the challenges of life with confidence, knowing that they have the necessary resources to overcome adversity and maintain their quality of life.

Impact

This information is meant to be a general summary of Chicago Tile Institute 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 Chicago Tile Institute Welfare Fund's impact is significant as it provides essential benefits such as medical, prescription, and disability coverage to eligible participants and their dependents. By offering these crucial benefits, the fund plays a vital role in supporting the well-being and financial security of individuals involved in the tile industry. This assistance contributes to the overall health and stability of participants and their families, demonstrating a commitment to mutual benefit and social welfare in 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: $2,903,796
  • Program Service Revenue: $13,589,765
  • Gross Receipts: $42,169,013

    • Assets and Liabilities:
  • Total Assets: $43,994,090
  • Total Liabilities: $261,836
  • Net Assets: $43,732,254
  • Programs

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

    PARTICIPATING CONTRACTOR

    Revenue

    $12,272,404

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $1,097,392

    MEDICAL REIMBURSEMENTS

    Revenue

    $102,393

    LIQUIDATED DAMAGES

    Revenue

    $59,524

    STOP LOSS REIMBURSEMENT

    Revenue

    $58,052

    Organization Details

    Founding Year

    1959

    Principal Officer

    Brian Castro

    Main Address

    660 N INDUSTRIAL DRIVE 102, ELMHURST, IL, 60126

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Chicago Tile Institute 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.