Ila Local 861 - Employer Health & Welfare Benefit Trust

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

EIN: 016148939 ✦ Portland, ME ✦ Designated as a 501(c)(9)

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Overview

What is Ila Local 861 - Employer Health & Welfare Benefit Trust?

Ila Local 861 - Employer Health & Welfare Benefit Trust is a nonprofit entity located in Portland, Maine. Established at 254 Commercial Street Suite 122, their primary mission is to offer health and life insurance benefits to participants enrolled in the Associated Health and Welfare Plan. By providing these essential benefits, the trust aims to support the well-being and overall health of its members. The trust serves as a vital resource for those enrolled in the associated plan, contributing to their overall financial and medical security.

Is Ila Local 861 - Employer Health & Welfare Benefit Trust legitimate?

Ila Local 861 - Employer Health & Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ila Local 861 - Employer Health & Welfare Benefit Trust 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 tax deductible.


Heare 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 Ila Local 861 - Employer Health & Welfare Benefit Trust?

Ila Local 861 - Employer Health & Welfare Benefit Trust is committed to providing health and life insurance benefits for its associated plan participants. The primary objective of this trust is to ensure the wellbeing of its members by offering comprehensive insurance coverage. By offering these benefits, the trust aims to alleviate the financial burden of healthcare and life-related expenses for its participants, thereby enhancing their overall quality of life. The trust's activities are centered around providing reliable and accessible insurance services, thereby promoting peace of mind and financial security for its members.

Who is the CEO of Ila Local 861 - Employer Health & Welfare Benefit Trust?

Chad Fox is the Plan Sponsor Rep & Trustee of Ila Local 861 - Employer Health & Welfare Benefit Trust.

What is the revenue of Ila Local 861 - Employer Health & Welfare Benefit Trust?

Ila Local 861 - Employer Health & Welfare Benefit Trust's revenue in 2022 was $324,382.

Who are the executives of Ila Local 861 - Employer Health & Welfare Benefit Trust and what are their salaries?


Here are 4 key members and their salaries:


Richard Elliott (Plan Sponsor Rep & Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Connolly (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gylfi Sigfusson (Plan Sponsor Rep & Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hicks (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ila Local 861 - Employer Health & Welfare Benefit Trust?

Ila Local 861 - Employer Health & Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ila Local 861 - Employer Health & Welfare Benefit Trust

Ila Local 861 - Employer Health & Welfare Benefit Trust, as its mission states, is dedicated to providing health and life insurance benefits for participants of the Associated Health and Welfare Plan. This nonprofit organization aims to safeguard the well-being of its members by offering comprehensive insurance coverage. By doing so, Ila Local 861 seeks to alleviate the financial burden associated with health issues and unexpected life events, ensuring that its participants can focus on their overall wellness and quality of life.

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Impact




October, 2024

Ila Local 861 - Employer Health & Welfare Benefit Trust plays a crucial role in enhancing the well-being of its participants by providing essential health and life insurance benefits. By offering these benefits, the trust helps safeguard the financial security of individuals and their families in times of medical need or unforeseen circumstances. This support alleviates the burden of healthcare costs, enabling participants to access necessary medical services without the fear of overwhelming expenses.

By ensuring that members have reliable health coverage, the trust contributes to healthier communities in Portland, ME, fostering a sense of security and stability among participants. This, in turn, can lead to improved overall health outcomes and enhanced quality of life. Furthermore, the provision of life insurance benefits offers peace of mind, ensuring that families are protected financially in the event of a loss. Through its mission, Ila Local 861 strengthens the social safety net for its participants, promoting mutual benefit and community welfare.




This information is meant to be a general summary of Ila Local 861 - Employer Health & Welfare Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$324,382 (2022)
Expenses
$266,166 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $324,382
  • Gross Receipts: $324,382

Assets and Liabilities:

  • Total Assets: $113,484
  • Total Liabilities: $0
  • Net Assets: $113,484

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$324,382

Organization Details

Founding Year

1998

Principal Officer

Chad Fox

Main Address

254 COMMERCIAL STREET SUITE 122, PORTLAND, ME, 04104

NTEE Category

Code: Y43 - Mutual benefit

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