Chicago Painters And Decorators Welfare Fund

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

EIN: 510245220 ✦ Oak brook, IL ✦ Designated as a 501(c)(9)

Overview

What is Chicago Painters And Decorators Welfare Fund?

The Chicago Painters and Decorators Welfare Fund is a nonprofit organization situated at 2625 Butterfield Road, Suite 208E, in Oak Brook, Illinois (60523). Their main mission is to ensure the provision of hospitalization, medical, and additional related benefits for their eligible members and their dependents. This fund exists to address the health and well-being needs of its members, offering a safety net during times of medical necessity.


Is Chicago Painters And Decorators Welfare Fund legitimate?

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

Mission Statement of Chicago Painters And Decorators Welfare Fund

Chicago Painters and Decorators Welfare Fund, a charitable organization, is dedicated to extending hospitalization, medical, and related benefits to eligible members and their dependents. This mission statement encapsulates the organization's commitment to supporting the health and well-being of those connected to the painting and decorating industry.

In essence, the Chicago Painters and Decorators Welfare Fund aims to ensure that its members and their families have access to essential medical services and treatments when they need it most. By providing such benefits, the organization offers a safety net that alleviates financial burdens and enables individuals to focus on their recovery, instead of worrying about the costs associated with healthcare.

Moreover, the Welfare Fund's mission extends beyond just medical coverage. It also encompasses a range of associated benefits designed to enhance the overall well-being of its members and their families. These benefits may include, but are not limited to, prescription drug coverage, mental health services, and rehabilitation programs. In this way, the organization touches the lives of its members in a holistic, comprehensive manner, addressing their various needs and concerns.

In summary, Chicago Painters and Decorators Welfare Fund is a vital resource for individuals working in the painting and decorating industry. Its mission to provide hospitalization, medical, and related benefits to eligible members and their dependents is a testament to its unwavering dedication to the well-being of its community. Through this commitment, the organization serves as a beacon of hope and support for those who rely on it, offering peace of mind and security in the face of health challenges.

Impact

This information is meant to be a general summary of Chicago Painters And Decorators Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Chicago Painters And Decorators Welfare Fund's impact lies in providing essential hospitalization, medical, and related benefits to eligible members and their dependents. By offering these crucial services, the Fund plays a vital role in ensuring the well-being and health security of its beneficiaries, contributing to their overall welfare and quality of life. Through its focused mission, the Fund directly supports the needs of its members, fostering a sense of mutual benefit and solidarity within the painting and decorating 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: $2,944,053
  • Program Service Revenue: $45,953,108
  • Gross Receipts: $150,185,695

    • Assets and Liabilities:
  • Total Assets: $62,366,129
  • Total Liabilities: $35,311,781
  • Net Assets: $27,054,348
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $41,634,251

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $3,635,468

    COBRA PREMIUM ASSISTANCE

    Revenue

    $683,389

    Organization Details

    Founding Year

    1953

    Principal Officer

    Joseph Rinehart

    Main Address

    2625 BUTTERFIELD ROAD 208E, OAK BROOK, IL, 60523

    NTEE Category

    Code: Y40 - Mutual benefit

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