Ibew Local Union 90 Benefit Fund

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

EIN: 060712954 ✦ Wallingford, CT ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local Union 90 Benefit Fund?

Ibew Local Union 90 Benefit Fund is a nonprofit organization dedicated to offering comprehensive medical, dental, and disability benefits to its union members. Employers contribute to this fund, enabling it to provide essential services such as hospitalization, life and disability insurance, surgery, and dental care for their employees. Furthermore, the fund covers various medical-related expenses and manages administrative costs, as well as handling medical, dental, and disability insurance claims.

Is Ibew Local Union 90 Benefit Fund legitimate?

Ibew Local Union 90 Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local Union 90 Benefit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ibew Local Union 90 Benefit Fund?

The mission of Ibew Local Union 90 Benefit Fund, in essence, is to offer medical, dental, drug, and disability benefits to its members. This is achieved through the collective contributions of employers, with the primary goal of providing financial support for various medical-related expenses, including hospitalization, life insurance, disability insurance, surgical procedures, and dental care for the employees of the contributing employers. The fund also manages programs to cover other medical expenses and administrative costs, in addition to processing medical, dental, and disability medical claims.

Who is the CEO of Ibew Local Union 90 Benefit Fund?

Sean Daly is the Trustee of Ibew Local Union 90 Benefit Fund.

What is the revenue of Ibew Local Union 90 Benefit Fund?

Ibew Local Union 90 Benefit Fund's revenue in 2022 was $10,260,359.

Who are the executives of Ibew Local Union 90 Benefit Fund and what are their salaries?

There are 23 employees at Ibew Local Union 90 Benefit Fund.


Here are 6 key members and their salaries:


Michael Moconyi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Mackey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Grennan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Daly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bellemare (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Brooks (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ibew Local Union 90 Benefit Fund?

Ibew Local Union 90 Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local Union 90 Benefit Fund

The IBEW Local Union 90 Benefit Fund is an organization committed to providing essential health benefits to its members. Its mission is driven by the contributions made by employers, which in turn enable the fund to cater to the medical, dental, drug, and disability needs of the employees belonging to these contributing employers. The fund is tasked with providing coverage for hospitalization, life insurance, disability insurance, and surgical procedures, among other medical expenses. Furthermore, the IBEW Local Union 90 Benefit Fund manages programs that cover various medical-related expenses and administrative costs, ensuring comprehensive healthcare support for its members.

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Impact




October, 2024

The IBEW Local Union 90 Benefit Fund plays a crucial role in supporting the health and well-being of its members. By providing comprehensive medical, dental, drug, and disability benefits, the Fund ensures that members have access to necessary healthcare services. This support enables individuals to receive hospitalization, life insurance, and coverage for various medical expenses, reducing financial burdens in times of need.

Employers contribute to the Fund, fostering a system where employees can benefit from essential services without facing significant out-of-pocket costs. This collaborative approach strengthens the workforce by promoting overall health and stability among employees. Additionally, the Fund's focus on covering administrative costs and medical claims streamlines access to benefits, allowing members to navigate their healthcare options more efficiently.

In summary, the IBEW Local Union 90 Benefit Fund significantly enhances the quality of life for its members by providing vital health benefits, creating a supportive environment for both employees and employers alike.




This information is meant to be a general summary of Ibew Local Union 90 Benefit 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
$10,260,359 (2022)
Expenses
$11,301,996 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $88,049
  • Program Service Revenue: $10,172,310
  • Gross Receipts: $10,662,013

Assets and Liabilities:

  • Total Assets: $5,664,186
  • Total Liabilities: $1,915,949
  • Net Assets: $3,748,237

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Programs

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

MEMBERSHIP CONTRIBUTIONS

Revenue

$10,172,310

Organization Details

Founding Year

1952

Principal Officer

Sean Daly

Main Address

10 TECHNOLOGY DRIVE PO BOX 5817, WALLINGFORD, CT, 06492

NTEE Category

Code: Y40 - Mutual benefit

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