New England Electrical Workers Benefits Fund

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

EIN: 060860627 ✦ Wallingford, CT ✦ Designated as a 501(c)(9)

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Overview

What is New England Electrical Workers Benefits Fund?

The New England Electrical Workers Benefits Fund is a nonprofit organization based in Wallingford, Connecticut. With a mission to provide health benefits and life insurance to its participants, the Fund supported approximately 4,362 individuals during the year. Located at 10 Technology Drive, this organization focuses on enhancing the well-being of its members by offering essential healthcare services.

Is New England Electrical Workers Benefits Fund legitimate?

New England Electrical Workers Benefits Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. New England Electrical Workers Benefits 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 New England Electrical Workers Benefits Fund?

The New England Electrical Workers Benefits Fund is dedicated to extending health benefits and securing life insurance coverage for individuals enrolled in the plan. By offering these essential services, the organization aims to ensure the overall wellbeing and financial security of its participants. During the past year, approximately 4,362 people had joined or were beneficiaries of the plan. The fund's commitment to providing health and welfare payments is a testament to its mission of enhancing the lives of those it serves.

Who is the CEO of New England Electrical Workers Benefits Fund?

Brian T Murphy is the Union Trustee of New England Electrical Workers Benefits Fund.

What is the revenue of New England Electrical Workers Benefits Fund?

New England Electrical Workers Benefits Fund's revenue in 2022 was $89,544,834.

Who are the executives of New England Electrical Workers Benefits Fund and what are their salaries?


Here are 13 key members and their salaries:


Daniel D'Alma (Union Trustee)
  • Compensation: $0
  • Related: $112,388
  • Other: $43,200
Lawrence F Eagan (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael R Moconyi (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian T Murphy (Union Trustee)
  • Compensation: $0
  • Related: $188,544
  • Other: $76,691
Tom Adamson (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica O'Neill (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Treadwell (Union Trustee)
  • Compensation: $0
  • Related: $193,877
  • Other: $72,331
Michael Gilchrist (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Moriarty (Union Trustee (P))
  • Compensation: $0
  • Related: $80,325
  • Other: $33,562
Daniel W Mcinerney (Union Trustee)
  • Compensation: $0
  • Related: $128,762
  • Other: $69,042
Douglas Nelson (Union Trustee)
  • Compensation: $0
  • Related: $112,994
  • Other: $49,300
Spencer A Marks (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Nealy (Union Trustee)
  • Compensation: $0
  • Related: $62,276
  • Other: $30,191
Where can I find the form 990 for New England Electrical Workers Benefits Fund?

New England Electrical Workers Benefits Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of New England Electrical Workers Benefits Fund

New England Electrical Workers Benefits Fund, a vital organization, is dedicated to extending health benefits and securing life insurance coverage to its plan participants. By offering these essential services, the Fund plays a significant role in enhancing the overall well-being and financial security of its members.

Approximately 4,362 individuals benefited from or were partakers in the New England Electrical Workers Benefits Fund during the preceding year. The organization's primary mission lies in providing these vital services to support the health and welfare of its participants. The Fund's commitment is evident in its diligent efforts to administer health and welfare payments, ensuring the well-being of those it serves.

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Impact




August, 2024

The New England Electrical Workers Benefits Fund has a significant impact on the lives of its participants by providing essential health benefits and life insurance. Through its activities, the fund supports the well-being and financial security of approximately 4,362 individuals who are either participants or beneficiaries of the plan. By offering health and welfare payments for members' benefits, the fund plays a crucial role in ensuring that these individuals have access to necessary healthcare services and protection for themselves and their families. This assistance aids in improving the overall quality of life and peace of mind for the participants, contributing to a more secure and healthy community within the electrical workers' industry.




This information is meant to be a general summary of New England Electrical Workers Benefits 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
$89,544,834 (2022)
Expenses
$79,836,353 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $574,958
  • Program Service Revenue: $88,969,669
  • Gross Receipts: $99,292,988

Assets and Liabilities:

  • Total Assets: $93,584,740
  • Total Liabilities: $2,734,988
  • Net Assets: $90,849,752

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$82,285,667

PARTICIPANT CONTRIBUTIONS

Revenue

$6,684,002

Organization Details

Founding Year

1977

Principal Officer

Brian T Murphy

Main Address

10 TECHNOLOGY DRIVE, WALLINGFORD, CT, 06492

NTEE Category

Code: Y40 - Mutual benefit

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