Automobile Mechanics' Local No 701 Union And Industry Welfare

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

EIN: 362331071 ✦ Burr ridge, IL ✦ Designated as a 501(c)(9)

Overview

What is Automobile Mechanics' Local No 701 Union And Industry Welfare?

Automobile Mechanics' Local No 701 Union And Industry Welfare is a nonprofit organization located in Burr Ridge, Illinois, with a workforce of twenty individuals. Their primary mission is to extend essential benefits, including medical, dental, vision, life, and disability coverage, to eligible participants and their dependents. This union and industry welfare aims to improve the overall wellbeing and security of its members.


Is Automobile Mechanics' Local No 701 Union And Industry Welfare legitimate?

Automobile Mechanics' Local No 701 Union And Industry Welfare is a legitimate nonprofit organization registered as a 501(c)(9) entity. Automobile Mechanics' Local No 701 Union And Industry Welfare 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: $561,512
Professional Fundraising Fees: $0
Other Salaries and Wages: $737,931

For more financial information, click here


What is the mission statement of Automobile Mechanics' Local No 701 Union And Industry Welfare?
Who is the CEO of Automobile Mechanics' Local No 701 Union And Industry Welfare?
What is the revenue of Automobile Mechanics' Local No 701 Union And Industry Welfare?
Who are the executives of Automobile Mechanics' Local No 701 Union And Industry Welfare and what are their salaries?
Where can I find the form 990 for Automobile Mechanics' Local No 701 Union And Industry Welfare?

Mission Statement of Automobile Mechanics' Local No 701 Union And Industry Welfare

Automobile Mechanics' Local No 701 Union And Industry Welfare, a notable organization, is dedicated to extending essential benefits to eligible participants and their beneficiaries. In simpler terms, this union welfare aims to improve the quality of life for its members by offering medical, dental, vision, life, and disability coverage.

By focusing on these critical areas of health and wellbeing, Automobile Mechanics' Local No 701 Union And Industry Welfare ensures that its members have access to vital resources that can significantly impact their overall health and financial security. The organization's commitment to providing these benefits is unwavering, making it an essential support system for the eligible participants and their families.

In essence, Automobile Mechanics' Local No 701 Union And Industry Welfare functions as a safety net, providing peace of mind to its members during challenging times. Through its comprehensive benefits package, the organization empowers individuals to focus on their wellbeing, without the added burden of worrying about their medical, dental, or vision expenses.

This commitment to enhancing the lives of its members is a testament to the organization's mission and its unwavering dedication to making a difference. Automobile Mechanics' Local No 701 Union And Industry Welfare remains an integral part of the community, ensuring that its members have access to the resources they need to thrive.

Impact

This information is meant to be a general summary of Automobile Mechanics' Local No 701 Union And Industry Welfare. 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 Automobile Mechanics' Local No 701 Union And Industry Welfare is significant as it provides essential medical, dental, vision, life, and disability benefits to eligible participants and their beneficiaries. By offering these benefits, the organization supports the well-being and livelihoods of individuals engaged in automobile mechanics-related work. This ensures access to crucial healthcare services and financial protection in case of unforeseen circumstances, thereby contributing to the overall welfare and security of its members. The Union's commitment to providing such comprehensive benefits underscores its dedication to supporting the needs of its workforce and their families, creating a sense of stability and support within the industry.





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: $-3,619,768
  • Program Service Revenue: $104,784,449
  • Gross Receipts: $337,551,894

    • Assets and Liabilities:
  • Total Assets: $233,354,268
  • Total Liabilities: $13,316,844
  • Net Assets: $220,037,424
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $99,415,474

    PARTICIPANT CONTRIBUTI

    Revenue

    $2,618,195

    PRESCRIPTIONS REBATES

    Revenue

    $1,346,627

    REIMBURSED SHARED EXPE

    Revenue

    $837,334

    COBRA SUBSIDY

    Revenue

    $350,129

    Organization Details

    Founding Year

    1956

    Principal Officer

    Jenny Earth-Gillund

    Main Address

    361 S FRONTAGE ROAD, BURR RIDGE, IL, 605276393

    NTEE Category

    Code: Y40 - Mutual benefit

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