Overview
What is Ibew Local No 241 Welfare Fund?
Ibew Local No 241 Welfare Fund is a nonprofit organization based in Ithaca, New York, specifically located at 134 CECIL A MALONE DRIVE. Its primary focus is to assist local IBEW members with their healthcare expenses, including hospital, surgical, major medical, vision, and dental needs. The fund offers various benefits, such as hospitalization, life insurance, and accidental death coverage, to eligible participants. The aim of Ibew Local No 241 Welfare Fund is to provide financial support and medical assistance to its members, ensuring they have access to necessary healthcare services.
Is Ibew Local No 241 Welfare Fund legitimate?
Ibew Local No 241 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local No 241 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ibew Local No 241 Welfare Fund?
The Ibew Local No 241 Welfare Fund is dedicated to providing essential health benefits to eligible participants. This includes hospital, surgical, major medical, vision, and dental coverage, as well as life and accidental death insurance. All funds are allocated towards addressing the healthcare needs of local IBEW members, encompassing their hospital and medical expenses, including eye and dental care.
Who is the CEO of Ibew Local No 241 Welfare Fund?
Todd Bruer is the Administrator of Ibew Local No 241 Welfare Fund.
What is the revenue of Ibew Local No 241 Welfare Fund?
Ibew Local No 241 Welfare Fund's revenue in 2022 was $3,349,729.
Who are the executives of Ibew Local No 241 Welfare Fund and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $98,625
- Other: $61,797
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ibew Local No 241 Welfare Fund?
Ibew Local No 241 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibew Local No 241 Welfare Fund
The IBEW Local No 241 Welfare Fund is committed to providing essential healthcare benefits to eligible participants. Its mission, as stated, encompasses offering hospital, surgical, major medical, vision, and dental coverage, in addition to life and accidental death benefits. This nonprofit organization utilizes all its funds to cater to the hospital and medical expenses of local IBEW members, including eye and dental care. The focus of IBEW Local No 241 Welfare Fund is to ensure the well-being and health of its members, providing them with necessary medical coverage during challenging times.
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Impact
October, 2024
The IBEW Local No. 241 Welfare Fund significantly impacts the well-being of its eligible participants by providing essential health benefits. This includes comprehensive coverage for hospital, surgical, and major medical needs, as well as vision and dental care. By offering life and accidental death benefits, the fund ensures financial protection for members and their families during critical times.
The allocation of resources is focused on addressing the medical expenses of local IBEW members, which fosters a healthier workforce and promotes peace of mind among participants. This financial support helps alleviate the burden of healthcare costs, making quality medical care more accessible and attainable. Overall, the Welfare Fund plays a crucial role in enhancing the quality of life for its members and their families in Ithaca, NY.
This information is meant to be a general summary of Ibew Local No 241 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $455,623
- Program Service Revenue: $2,887,459
- Gross Receipts: $3,349,729
Assets and Liabilities:
- Total Assets: $10,452,620
- Total Liabilities: $148,525
- Net Assets: $10,304,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,785,832
EMPLOYEE CONTRIBUTIONS
Revenue
$101,627
Organization Details
Founding Year
1960
Phone
(607) 272-2809Principal Officer
Todd Bruer
Main Address
134 CECIL A MALONE DRIVE, ITHACA, NY, 14850
NTEE Category
Code: Y40 - Mutual benefit
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