Local 705 Ib 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: 362688697 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

Overview

What is Local 705 Ib Of T Health And Welfare Fund?

Local 705 Ib Of T Health and Welfare Fund is a nonprofit organization based in Chicago, Illinois, specifically located at 1645 West Jackson Blvd, 7th Floor. Their primary mission is to extend health and welfare benefits to eligible participants and their dependents. In simple terms, they offer essential services to qualified individuals, ensuring they have access to various health-related advantages. The organization boasts a team of nine dedicated employees, with a commitment to enhancing the wellbeing of those they serve.


Is Local 705 Ib Of T Health And Welfare Fund legitimate?

Local 705 Ib Of T Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 705 Ib 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: $79,033
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,702

For more financial information, click here


What is the mission statement of Local 705 Ib Of T Health And Welfare Fund?
Who is the CEO of Local 705 Ib Of T Health And Welfare Fund?
What is the revenue of Local 705 Ib Of T Health And Welfare Fund?
Who are the executives of Local 705 Ib Of T Health And Welfare Fund and what are their salaries?
Where can I find the form 990 for Local 705 Ib Of T Health And Welfare Fund?

Mission Statement of Local 705 Ib Of T Health And Welfare Fund

Local 705 Ib Of T Health and Welfare Fund is a mission-driven organization dedicated to extending health and welfare benefits to eligible participants and their dependents. The primary focus of this entity is to ensure that those in need have access to essential health services and support.

Through its commitment to providing health and welfare benefits, Local 705 Ib Of T Health and Welfare Fund empowers individuals to focus on their well-being and improve their quality of life. By offering these benefits, the organization takes a significant step towards addressing the healthcare needs of its constituents, enabling them to face various life challenges with confidence and resilience.

Local 705 Ib Of T Health and Welfare Fund's mission is geared towards making a difference in the lives of eligible participants and their families. By delivering on its promise to provide health and welfare benefits, the organization plays a crucial role in securing the peace of mind and overall well-being of those it serves. This commitment to excellence and compassion has been the cornerstone of Local 705 Ib Of T Health and Welfare Fund's legacy, making it an invaluable resource for those in need.

Impact

This information is meant to be a general summary of Local 705 Ib 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 705 Ib Of T Health And Welfare Fund has a significant impact on eligible participants and their dependents by providing essential health and welfare benefits. By offering these crucial benefits, the fund plays a critical role in ensuring the well-being and health security of its members and their families in Chicago, IL. This support not only contributes to the physical and mental well-being of individuals but also helps alleviate financial strain associated with healthcare costs. Through its mission to provide health and welfare benefits, Local 705 Ib Of T Health And Welfare Fund positively impacts the lives of those it serves, fulfilling a vital mutual benefit within 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: $-1,969,032
  • Program Service Revenue: $45,841,161
  • Gross Receipts: $111,623,263

    • Assets and Liabilities:
  • Total Assets: $101,675,231
  • Total Liabilities: $11,669,895
  • Net Assets: $90,005,336
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $44,886,935

    RETIREE CONTRIBUTIONS

    Revenue

    $931,162

    COBRA CONTRIBUTIONS

    Revenue

    $23,064

    Organization Details

    Founding Year

    1955

    Principal Officer

    Jack Witt

    Main Address

    1645 WEST JACKSON BLVD 7TH FLOOR, CHICAGO, IL, 60612

    NTEE Category

    Code: Y40 - Mutual benefit

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