Ibew Local 1249 Insurance Fund

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

EIN: 156025162 ✦ Cicero, NY ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local 1249 Insurance Fund?

Ibew Local 1249 Insurance Fund is a nonprofit organization based in Cicero, New York, with the address 8531 Brewerton Road 2. The primary mission of this organization is to provide insurance coverage to its participants. The insurance plan includes various benefits such as accidental, hospital, medical, surgical, optical, prescription, death, dental, life insurance, hardship pay, disability, education, child care, vacation, unemployment, and insurance premiums. The scope of coverage extends to numerous aspects of health and wellbeing, ensuring comprehensive protection for those enrolled in the plan.

Is Ibew Local 1249 Insurance Fund legitimate?

Ibew Local 1249 Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 1249 Insurance 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 1249 Insurance Fund?

The Ibew Local 1249 Insurance Fund is dedicated to providing insurance coverage to its plan participants. This self-insured welfare plan offers various types of insurance, including accidental, hospital, medical, surgical, optical, prescription, death, dental, life insurance, hardship pay, disability, education, child care, vacation, unemployment, and insurance premiums. The Fund aims to ensure that its participants have access to essential insurance benefits to support their overall wellbeing.

Who is the CEO of Ibew Local 1249 Insurance Fund?

Ryan Youngman is the Trustee of Ibew Local 1249 Insurance Fund.

What is the revenue of Ibew Local 1249 Insurance Fund?

Ibew Local 1249 Insurance Fund's revenue in 2022 was $60,134,685.

Who are the executives of Ibew Local 1249 Insurance Fund and what are their salaries?


Here are 7 key members and their salaries:


Mark Lawrence (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry H Westbrook Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Moreira Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James C Atkins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gilchrist (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Lamont (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Youngman (Plan Administrator)
  • Compensation: $0
  • Related: $266,600
  • Other: $88,588
Where can I find the form 990 for Ibew Local 1249 Insurance Fund?

Ibew Local 1249 Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 1249 Insurance Fund

Ibew Local 1249 Insurance Fund is a self-insured welfare plan dedicated to extending insurance coverage to its participants. The organization's primary mission revolves around providing a comprehensive range of insurance services to its members. This encompasses accidental, hospital, medical, surgical, optical, prescription, death, dental, life insurance, hardship pay, disability, education, child care, vacation, unemployment, and insurance premiums. In simpler terms, Ibew Local 1249 Insurance Fund works tirelessly to ensure its participants have access to essential insurance benefits. By offering such a diverse array of insurance offerings, the Fund aims to provide its members with peace of mind and financial protection against various unforeseen circumstances.

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Impact




October, 2024

The IBEW Local 1249 Insurance Fund plays a crucial role in enhancing the well-being of its plan participants by providing comprehensive insurance coverage. As a self-insured welfare plan, it addresses a wide array of needs including accidental, hospital, medical, surgical, optical, and prescription services. Additionally, it offers critical support through life insurance, dental coverage, and death benefits.

The fund also extends its assistance to aid participants in times of distress with hardship pay and disability benefits, as well as promoting educational opportunities and child care support. This extensive range of services not only ensures that members have access to necessary medical care but also offers financial security during challenging times. By supporting vacation and unemployment benefits, the fund underscores its commitment to the overall welfare and stability of its participants, showcasing its integral impact on their quality of life.




This information is meant to be a general summary of Ibew Local 1249 Insurance 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
$60,134,685 (2022)
Expenses
$51,598,613 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$186,900
  • Program Service Revenue: $58,747,340
  • Gross Receipts: $82,498,554

Assets and Liabilities:

  • Total Assets: $112,073,852
  • Total Liabilities: $3,169,971
  • Net Assets: $108,903,881

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$58,029,807

EMPLOYEE CONTRIBUTIONS

Revenue

$717,533

Organization Details

Founding Year

1960

Principal Officer

Ryan Youngman

Main Address

8531 BREWERTON ROAD 2, CICERO, NY, 13039

NTEE Category

Code: Y40 - Mutual benefit

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