Overview
What is Health And Welfare Trust Fund Local 103 Ibew?
Health and Welfare Trust Fund Local 103 IBEW is a nonprofit organization based in Boston, Massachusetts. The core mission of this trust fund is to offer essential benefits, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death coverage, to eligible members and their families, in accordance with the plan's specifications. With a team of 21 individuals, the trust fund focuses on providing comprehensive healthcare services to support the wellbeing of its members.
Official website here: www.trustfunds103.com
What are the reviews and ratings of this charity?
The Health And Welfare Trust Fund Local 103 Ibew is not currently rated by Charity Navigator. This absence of a rating does not reflect an evaluation either positive or negative but indicates that the organization has not yet been assessed due to its status not aligning with the requirements of a 501(c)(3) nonprofit.
Charity Navigator relies on various criteria, such as Accountability & Finance, to rate organizations. However, necessary financial data such as total revenue, expenses, and salary for key personnel is unavailable for Health And Welfare Trust Fund Local 103 Ibew, thus eliminating the possibility of a comprehensive evaluation.
Furthermore, because this organization does not fit the 501(c)(3) IRS registration category, areas like Impact & Measurement, or organizational capacities such as Leadership & Adaptability, cannot be evaluated through Charity Navigator's current methodologies. As there are also no user reviews available on GreatNonprofits, additional community feedback about this organization's activities or effectiveness is not accessible.
This AI summary has been generated from information found on Charity Navigator.
Is Health And Welfare Trust Fund Local 103 Ibew legitimate?
Health And Welfare Trust Fund Local 103 Ibew is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health And Welfare Trust Fund Local 103 Ibew 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: $253,643
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,300,276
For more financial information, click here
Official website here: www.trustfunds103.com
What is the mission statement of Health And Welfare Trust Fund Local 103 Ibew?
The Health and Welfare Trust Fund of Local 103 IBEW offers a comprehensive health benefit plan to eligible members and their families. This plan covers various types of benefits, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death benefits, as defined in the plan. The primary objective of the fund is to ensure the well-being of its members and their families by providing essential healthcare benefits. By offering a range of benefits, the fund aims to help members access the necessary healthcare services and alleviate financial burdens during times of need. Thus, the Health and Welfare Trust Fund of Local 103 IBEW plays a crucial role in securing the health and peace of mind of its members and their families.
Official website here: www.trustfunds103.com
Who is the CEO of Health And Welfare Trust Fund Local 103 Ibew?
Michael P Donovan is the Trustee of Health And Welfare Trust Fund Local 103 Ibew.
Official website here: www.trustfunds103.com
What is the revenue of Health And Welfare Trust Fund Local 103 Ibew?
Health And Welfare Trust Fund Local 103 Ibew's revenue in 2022 was $217,395,543.
Official website here: www.trustfunds103.com
Who are the executives of Health And Welfare Trust Fund Local 103 Ibew and what are their salaries?
The average compensation at Health And Welfare Trust Fund Local 103 Ibew during 2022 was $73,996. There are 21 employees at Health And Welfare Trust Fund Local 103 Ibew.
Here are 10 key members and their salaries:
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- Compensation: $257,036
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- Other: $68,365
- Compensation: $130,170
- Related: $0
- Other: $58,632
Official website here: www.trustfunds103.com
Where can I find the form 990 for Health And Welfare Trust Fund Local 103 Ibew?
Health And Welfare Trust Fund Local 103 Ibew's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trustfunds103.com
Learn more at the official website: www.trustfunds103.com
Mission Statement of Health And Welfare Trust Fund Local 103 Ibew
Health and Welfare Trust Fund Local 103 IBEW is a nonprofit organization that offers a comprehensive health benefit plan to eligible members and their families. The plan covers a range of benefits, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death benefits. These benefits are outlined in the plan and are designed to provide security and peace of mind for those enrolled.
The organization's mission is to ensure that its members and their families have access to necessary healthcare services and support when they need it most. The Health and Welfare Trust Fund Local 103 IBEW takes pride in offering a robust and all-encompassing health benefit plan that addresses various health-related needs. By providing these essential benefits, the organization aims to promote the well-being and overall health of its members and their families.
Moreover, the Health and Welfare Trust Fund Local 103 IBEW is committed to delivering these benefits as specified in the plan. The organization's unwavering dedication to its mission reflects its focus on ensuring that its members receive the care and coverage they deserve. By focusing on the provision of these essential benefits, the organization enables its members to maintain their health and well-being, providing them with the foundation they need to live their best lives.
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Impact
October, 2024
Health And Welfare Trust Fund Local 103 Ibew significantly impacts the well-being of its members and their families by providing comprehensive health benefits. These benefits encompass a wide range of services, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death benefits. By ensuring access to essential healthcare services, the trust fund plays a vital role in promoting the health and financial security of eligible members in Boston, MA. This support not only alleviates the burden of medical expenses but also fosters a sense of community and mutual assistance among members, ultimately enhancing their quality of life and stability.
This information is meant to be a general summary of Health And Welfare Trust Fund Local 103 Ibew. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $67,874,759
- Program Service Revenue: $147,988,643
- Gross Receipts: $408,320,514
Assets and Liabilities:
- Total Assets: $461,603,985
- Total Liabilities: $21,160,355
- Net Assets: $440,443,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$143,166,712
PARTICIPANT SELF-PAYMENTS
Revenue
$4,821,931
Organization Details
Founding Year
1953
Phone
(617) 288-5999Principal Officer
Michael P Donovan
Main Address
256 FREEPORT STREET, BOSTON, MA, 02122
Website
www.trustfunds103.comNTEE Category
Code: Y40 - Mutual benefit
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