Smart Local 265 Welfare Fund

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

EIN: 362356062 ✦ Carol stream, IL ✦ Designated as a 501(c)(9)

Overview

What is Smart Local 265 Welfare Fund?

The Smart Local 265 Welfare Fund is a nonprofit organization, located at 205 Alexandria Way in Carol Stream, Illinois (60188), that offers health, dental, prescription drug, vision, and death benefits to eligible participants under the Sheet Metal Workers Local 265 Union's collective bargaining agreement. The organization, with a workforce of 74 individuals, provides substantially comprehensive health coverage to substantially all participating persons.


Is Smart Local 265 Welfare Fund legitimate?

Smart Local 265 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Smart Local 265 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $669,260

For more financial information, click here


What is the mission statement of Smart Local 265 Welfare Fund?
Who is the CEO of Smart Local 265 Welfare Fund?
What is the revenue of Smart Local 265 Welfare Fund?
Who are the executives of Smart Local 265 Welfare Fund and what are their salaries?
Where can I find the form 990 for Smart Local 265 Welfare Fund?

Mission Statement of Smart Local 265 Welfare Fund

Smart Local 265 Welfare Fund is a nonprofit organization that offers essential benefits to a substantial number of participating individuals under the Sheet Metal Workers Local 265 Union's Collective Bargaining Agreement. The mission of this fund is geared towards providing comprehensive health, dental, prescription drug, vision, and death benefits to its eligible members.

In layman's terms, Smart Local 265 Welfare Fund serves as a safety net for its union members, ensuring they have access to vital healthcare services when they need it most. The fund covers a wide range of health-related needs, from hospital treatments and major medical care to long-term disability benefits and dental and vision care. Furthermore, the organization extends its support to the families of its members by providing death benefits, ensuring they are financially protected during their time of grief.

Through its commitment to delivering these essential benefits, Smart Local 265 Welfare Fund plays a pivotal role in enhancing the quality of life for its union members and their families. By providing a comprehensive suite of healthcare services, the organization not only offers peace of mind but also alleviates the financial burden that often comes with accessing healthcare. This, in turn, enables its members to focus on their personal and professional growth, thereby contributing to a stronger and more resilient union community.

Impact

This information is meant to be a general summary of Smart Local 265 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 Smart Local 265 Welfare Fund plays a crucial role in providing essential health, dental, prescription drug, vision, and death benefits to substantially all participating individuals under the Sheet Metal Workers Local 265 Union's collective bargaining agreement. By offering a range of benefits such as health (hospital, major medical, and long-term disability), dental, vision, and death coverage, the fund significantly impacts the well-being and security of eligible participants. Located in Carol Stream, Illinois, the fund's mission is dedicated to ensuring the health and welfare of its members through comprehensive benefits coverage.





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: $489,135
  • Program Service Revenue: $25,916,457
  • Gross Receipts: $69,329,771

    • Assets and Liabilities:
  • Total Assets: $43,023,590
  • Total Liabilities: $14,717,888
  • Net Assets: $28,305,702
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $23,230,872

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $2,685,585

    Organization Details

    Founding Year

    1962

    Principal Officer

    John Daniel

    Main Address

    205 ALEXANDRA WAY, CAROL STREAM, IL, 60188

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Smart Local 265 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.