International Union Of Operating Engineers Local 98 Health & Welfare Fund

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

EIN: 042123707 ✦ Southwick, MA ✦ Designated as a 501(c)(9)

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Overview

What is International Union Of Operating Engineers Local 98 Health & Welfare Fund?

The International Union of Operating Engineers Local 98 Health & Welfare Fund is a nonprofit organization based in Southwick, Massachusetts. With a team of five dedicated individuals, they focus on extending health care and death benefits to eligible participants and their dependents. This fund serves an essential role in ensuring the wellbeing of its members by providing them with comprehensive coverage.


Official website here: www.iuoelocal98.org

Is International Union Of Operating Engineers Local 98 Health & Welfare Fund legitimate?

International Union Of Operating Engineers Local 98 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Union Of Operating Engineers Local 98 Health & 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $185,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,265

For more financial information, click here


Official website here: www.iuoelocal98.org

What is the mission statement of International Union Of Operating Engineers Local 98 Health & Welfare Fund?

The International Union Of Operating Engineers Local 98 Health & Welfare Fund is dedicated to extending health care benefits and coverage to eligible participants and their dependents. This organization's primary objective is to ensure the wellbeing of those it serves, offering both health care and death benefits to enhance their quality of life. Through the provision of these essential services, the Fund aims to provide peace of mind, ensuring that the needs of its members are met with care and compassion. By focusing on the health and welfare of its participants, the Fund strengthens the community it serves and fosters a sense of security and support among its members.


Official website here: www.iuoelocal98.org

Who is the CEO of International Union Of Operating Engineers Local 98 Health & Welfare Fund?

Kara Richotte is the Union Trustee/Chairman of International Union Of Operating Engineers Local 98 Health & Welfare Fund.


Official website here: www.iuoelocal98.org

What is the revenue of International Union Of Operating Engineers Local 98 Health & Welfare Fund?

International Union Of Operating Engineers Local 98 Health & Welfare Fund's revenue in 2022 was $16,334,126.


Official website here: www.iuoelocal98.org

Who are the executives of International Union Of Operating Engineers Local 98 Health & Welfare Fund and what are their salaries?

The average compensation at International Union Of Operating Engineers Local 98 Health & Welfare Fund during 2022 was $73,942. There are 5 employees at International Union Of Operating Engineers Local 98 Health & Welfare Fund.


Here are 8 key members and their salaries:


William D Fay (Union Trustee/Chairman)
  • Compensation: $0
  • Related: $106,337
  • Other: $79,794
David Kazimierczak (Union Trustee)
  • Compensation: $0
  • Related: $101,211
  • Other: $76,428
Darrin Auger (Union Trustee - Eff 12/2022)
  • Compensation: $0
  • Related: $101,313
  • Other: $33,580
Keith Hancock (Union Trustee - Thru 12/2022)
  • Compensation: $0
  • Related: $101,200
  • Other: $76,428
Christopher Gagliarducci (Employer Trustee/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenna Rahkonen (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Thorne (Employer Trustee - Thru 5/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Richotte (Fund Administrator)
  • Compensation: $108,282
  • Related: $0
  • Other: $77,163


Official website here: www.iuoelocal98.org

Where can I find the form 990 for International Union Of Operating Engineers Local 98 Health & Welfare Fund?

International Union Of Operating Engineers Local 98 Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iuoelocal98.org

Learn more at the official website: www.iuoelocal98.org

Mission Statement of International Union Of Operating Engineers Local 98 Health & Welfare Fund

The International Union Of Operating Engineers Local 98 Health & Welfare Fund is dedicated to extending essential health care and death benefits to eligible participants and their dependents. This nonprofit organization prioritizes the well-being of its members by ensuring they have access to vital medical services and financial support during times of need.

Through its mission, the International Union Of Operating Engineers Local 98 Health & Welfare Fund stands as a beacon of hope for those affiliated with the union, offering them peace of mind and comprehensive coverage. The organization's commitment extends beyond just providing health care; it also offers death benefits, ensuring that the families of deceased participants are taken care of during their most challenging moments. By offering these essential services, the International Union Of Operating Engineers Local 98 Health & Welfare Fund strengthens the overall wellbeing and stability of its union community.

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Impact




October, 2024

The International Union of Operating Engineers Local 98 Health & Welfare Fund significantly impacts the well-being of its members and their families by providing essential health care and death benefits. By offering comprehensive health coverage, the fund ensures that eligible participants can access necessary medical services, promoting better health outcomes and financial security. Additionally, the provision of death benefits provides vital support to dependents during challenging times, helping them cope with the loss of a loved one. Overall, this fund plays a crucial role in enhancing the quality of life and peace of mind for its participants in Southwick, MA, and the surrounding areas.




This information is meant to be a general summary of International Union Of Operating Engineers Local 98 Health & Welfare Fund. 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
$16,334,126 (2022)
Expenses
$14,822,597 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $467,709
  • Program Service Revenue: $15,866,417
  • Gross Receipts: $16,334,126

Assets and Liabilities:

  • Total Assets: $17,700,661
  • Total Liabilities: $334,362
  • Net Assets: $17,366,299

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Programs

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

EMPLOYERS' CONTRIB.

Revenue

$15,742,211

PARTCIPANTS' CONTRIB.

Revenue

$124,206

Organization Details

Founding Year

1959

Principal Officer

Kara Richotte

Main Address

PO BOX 1290, SOUTHWICK, MA, 010771290

NTEE Category

Code: Y40 - Mutual benefit

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