Local No 731 I B Of T Health And Welfare Fund

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

EIN: 362392752 ✦ Burr ridge, IL ✦ Designated as a 501(c)(9)

Overview

What is Local No 731 I B Of T Health And Welfare Fund?

The Local No 731 I B Of T Health and Welfare Fund is a nonprofit organization based in Burr Ridge, Illinois, with the address 1000 Burr Ridge Pkwy. Their mission is to provide essential benefits to eligible participants and their dependents, including medical, dental, vision, life, and loss of time coverage. This fund strives to support the health and well-being of those it serves by offering a comprehensive range of benefits.


Is Local No 731 I B Of T Health And Welfare Fund legitimate?

Local No 731 I B Of T Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local No 731 I B Of T Health And 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: $0

For more financial information, click here


What is the mission statement of Local No 731 I B Of T Health And Welfare Fund?
Who is the CEO of Local No 731 I B Of T Health And Welfare Fund?
What is the revenue of Local No 731 I B Of T Health And Welfare Fund?
Who are the executives of Local No 731 I B Of T Health And Welfare Fund and what are their salaries?
Where can I find the form 990 for Local No 731 I B Of T Health And Welfare Fund?

Mission Statement of Local No 731 I B Of T Health And Welfare Fund

Local No 731 I B Of T Health and Welfare Fund is a mission-driven organization committed to providing essential benefits to eligible participants and their dependents. In simple terms, this nonprofit aims to ensure the well-being of its members by offering medical, dental, vision, life, and loss of time benefits. This comprehensive approach to health and welfare covers a broad range of needs, ensuring that the people it serves are able to maintain their overall health and financial security. By extending these benefits, Local No 731 I B Of T Health and Welfare Fund plays a vital role in improving the lives of those it serves, allowing them to focus on their health and well-being rather than worrying about the financial burdens of healthcare costs. The organization's unwavering dedication to its mission is a testament to its commitment to making a positive difference in the lives of its members.

Impact

This information is meant to be a general summary of Local No 731 I B Of T Health And Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Local No 731 I B Of T Health And Welfare Fund's impact is evident in the provision of crucial medical, dental, vision, life, and loss of time benefits to eligible participants and their dependents. By offering these essential benefits, the fund directly contributes to the well-being and healthcare access of its members in Burr Ridge, IL. This support helps ensure that individuals and families have necessary coverage for medical expenses, dental care, vision services, life insurance, and financial protection in case of loss of time. Through its mission of providing these benefits, Local No 731 I B Of T Health And Welfare Fund plays a significant role in enhancing the overall quality of life and financial security of its members.





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: $1,484,687
  • Program Service Revenue: $70,648,233
  • Gross Receipts: $82,623,221

    • Assets and Liabilities:
  • Total Assets: $106,732,974
  • Total Liabilities: $7,950,101
  • Net Assets: $98,782,873
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $61,118,832

    PARTICIPANT AND RETIREE CONTRIBUT

    Revenue

    $9,529,401

    Organization Details

    Founding Year

    1953

    Principal Officer

    Terrence J Hancock

    Main Address

    1000 BURR RIDGE PKWY, BURR RIDGE, IL, 60527

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Local No 731 I B Of T Health And 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.