Ibew Local 1430 Welfare Fund

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

EIN: 131835737 ✦ Armonk, NY ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local 1430 Welfare Fund?

Ibew Local 1430 Welfare Fund is a nonprofit organization with a specific mission to extend health and life insurance benefits to eligible participants. Their primary activity revolves around offering health benefits to qualified individuals, ensuring their well-being and peace of mind. This nonprofit organization is committed to supporting its members by providing essential insurance benefits, thereby contributing positively to their overall health and financial security.

Is Ibew Local 1430 Welfare Fund legitimate?

Ibew Local 1430 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 1430 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: $111,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,488

For more financial information, click here

What is the mission statement of Ibew Local 1430 Welfare Fund?

The Ibew Local 1430 Welfare Fund's mission is centered around extending health and life insurance benefits to eligible individuals. In essence, their primary goal is to ensure the wellbeing of these eligible participants through comprehensive health coverage. By focusing on providing health benefits, the fund seeks to contribute positively to the lives of those it serves. It's important to note that the fund is committed to this mission, ensuring that eligible participants have access to these essential benefits.

Who is the CEO of Ibew Local 1430 Welfare Fund?

Jordan El-Hag is the Trustee of Ibew Local 1430 Welfare Fund.

What is the revenue of Ibew Local 1430 Welfare Fund?

Ibew Local 1430 Welfare Fund's revenue in 2022 was $2,989,054.

Who are the executives of Ibew Local 1430 Welfare Fund and what are their salaries?


Here are 4 key members and their salaries:


Andrew Fair (Trustee)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Dylan Wiley (Trustee/ Employee)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Jordan El-Hag (Trustee)
  • Compensation: $0
  • Related: $208,726
  • Other: $35,000
Matthew Rocco (Trustee)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ibew Local 1430 Welfare Fund?

Ibew Local 1430 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 1430 Welfare Fund

The Ibew Local 1430 Welfare Fund is committed to a mission that prioritizes the provision of health and life insurance benefits to eligible participants. In essence, this nonprofit organization aims to safeguard the health and well-being of its eligible members by offering comprehensive health insurance coverage. By providing these benefits, Ibew Local 1430 Welfare Fund seeks to alleviate the financial burdens associated with healthcare expenses, thus enabling its participants to focus on their overall well-being. The organization's primary goal is to ensure that eligible participants have access to essential healthcare services, thereby promoting their overall health and quality of life.

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Impact




October, 2024

The IBEW Local 1430 Welfare Fund plays a significant role in enhancing the well-being of its eligible participants by offering crucial health and life insurance benefits. By ensuring access to comprehensive health coverage, the Fund helps mitigate the financial burden of medical expenses, allowing individuals and families to focus on their health without the stress of high costs. Additionally, the life insurance benefits provide peace of mind, securing financial support for loved ones in the event of unforeseen circumstances. This support fosters a healthier, more secure community in Armonk, NY, and strengthens the overall quality of life for those who are covered under its provisions. The Fund's mission centers on mutual benefit, promoting a culture of support and solidarity among participants, which is essential in today’s challenging environment.




This information is meant to be a general summary of Ibew Local 1430 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
$2,989,054 (2022)
Expenses
$3,923,048 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $41,125
  • Program Service Revenue: $3,330,401
  • Gross Receipts: $2,989,054

Assets and Liabilities:

  • Total Assets: $2,896,412
  • Total Liabilities: $392,269
  • Net Assets: $2,504,143

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$3,261,137

PPP LOAN

Revenue

$65,429

MISC

Revenue

$2,690

EMPLOYEE CONTRIBUTIONS

Revenue

$1,145

Organization Details

Founding Year

1958

Principal Officer

Jordan El-Hag

Main Address

84 BUSINESS PARK DRIVE 202, ARMONK, NY, 10504

NTEE Category

Code: Y40 - Mutual benefit

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