Arch Ironworkers Local 63 Welfare Fund

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

EIN: 363251688 ✦ Oak brook, IL ✦ Designated as a 501(c)(9)

Overview

What is Arch Ironworkers Local 63 Welfare Fund?

Arch Ironworkers Local 63 Welfare Fund is a nonprofit organization based in Oak Brook, Illinois. With a team of 82 employees, the fund offers essential welfare benefits to eligible participants. These benefits include medical, dental, vision, disability, and death coverage. In response to the challenges brought about by the pandemic, the fund implemented a temporary supplemental unemployment and sickness benefit, which was active from March 23, 2020, until the end of the year.


Is Arch Ironworkers Local 63 Welfare Fund legitimate?

Arch Ironworkers Local 63 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Arch Ironworkers Local 63 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 Arch Ironworkers Local 63 Welfare Fund?
Who is the CEO of Arch Ironworkers Local 63 Welfare Fund?
What is the revenue of Arch Ironworkers Local 63 Welfare Fund?
Who are the executives of Arch Ironworkers Local 63 Welfare Fund and what are their salaries?
Where can I find the form 990 for Arch Ironworkers Local 63 Welfare Fund?

Mission Statement of Arch Ironworkers Local 63 Welfare Fund

Arch Ironworkers Local 63 Welfare Fund is a charitable organization dedicated to extending vital benefits to eligible participants. Its primary mission lies in providing medical, dental, vision, disability, and death coverage. The Fund goes above and beyond, ensuring that those it serves have access to essential welfare services.

The Arch Ironworkers Local 63 Welfare Fund has implemented a comprehensive set of programs. These programs aim to secure the health and wellbeing of the participants with unwavering commitment. In response to the unprecedented challenges of the pandemic, a temporary supplemental unemployment and sickness benefit was introduced on March 23, 2020. This crucial addition was designed to support participants during their periods of need. The benefit period for this provisional plan came to a close on December 31, 2020.

The Arch Ironworkers Local 63 Welfare Fund stands as a beacon of hope for those who require critical assistance. With its extensive offerings, the organization ensures that its beneficiaries are well-equipped to tackle life's challenges. The Fund's unwavering dedication to providing medical, dental, vision, disability, and death benefits fosters a sense of security and relief among its participants. In times of need, the Arch Ironworkers Local 63 Welfare Fund is there to help bridge the gap and make a difference in the lives of those it serves.

Impact

This information is meant to be a general summary of Arch Ironworkers Local 63 Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Arch Ironworkers Local 63 Welfare Fund's impact lies in its provision of essential medical, dental, disability, and death benefits to eligible participants. By offering access to such vital services, the Fund plays a crucial role in supporting the health and well-being of ironworkers and their families. Additionally, the temporary supplemental unemployment and sickness benefit implemented during a critical period demonstrates a commitment to assisting members during challenging times. Overall, the Fund's efforts contribute significantly to enhancing the quality of life and ensuring the welfare of those within the ironworking 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: $7,095,338
  • Program Service Revenue: $21,454,043
  • Gross Receipts: $55,801,771

    • Assets and Liabilities:
  • Total Assets: $104,401,164
  • Total Liabilities: $24,712,470
  • Net Assets: $79,688,694
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $19,718,319

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $1,285,131

    COBRA PREMIUM ASSISTANCE

    Revenue

    $275,800

    MEDICARE PART D SUBSIDY

    Revenue

    $174,793

    Organization Details

    Founding Year

    1983

    Principal Officer

    Paul Wende

    Main Address

    625 ENTERPRISE DR, OAK BROOK, IL, 605238813

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