Overview
What is Electrical Workers Local No 86 Insurance Fund?
Electrical Workers Local No 86 Insurance Fund is a nonprofit organization based in Rochester, New York, with a workforce of four dedicated individuals. Their primary mission is to offer health and insurance benefits to members of IBEW Local No. 86. The organization provides a comprehensive range of coverage, including hospitalization, surgical and medical care, life, dental, accident, disability, vision, and health benefits. These benefits ensure that members have access to essential services to maintain their well-being.
What are the reviews and ratings of this charity?
The Electrical Workers Local No 86 Insurance Fund has not yet been rated by Charity Navigator. This absence of a rating on Charity Navigator doesn't imply anything negative or positive but rather indicates that the Fund has not been evaluated because it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator primarily evaluates organizations that are registered as 501(c)(3), which are tax-exempt and eligible for charitable contributions.
Despite the lack of a rating, essential organizational data is provided, such as its status as an independent entity and its foundation code, indicating it is categorized alongside organizations other than 501(c)(3) groups. Historical ratings typically reflect a measure of accountability and financial practices, but such information remains inaccessible for this particular fund. Additionally, key financial details, including total revenue, expenses, and salaries of key persons, are not available for this Fund in public databases.
Without user reviews on GreatNonprofits, there is limited firsthand public insight into the fund’s operational strengths or areas for improvement from a community perspective. The organization's impact, leadership adaptability, and culture within the community remain undefined through user feedback channels.
This AI summary has been generated from information found on Charity Navigator.
Is Electrical Workers Local No 86 Insurance Fund legitimate?
Electrical Workers Local No 86 Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Workers Local No 86 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: $34,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,521
For more financial information, click here
What is the mission statement of Electrical Workers Local No 86 Insurance Fund?
The Electrical Workers Local No 86 Insurance Fund is dedicated to extending health and insurance benefits to its members. Their primary mission revolves around delivering essential coverage for various medical and health-related needs. This includes hospitalization, surgical procedures, and general medical care, in addition to providing protection through life, dental, accident, disability, vision, and health insurance plans. The fund's purpose is to ensure the wellbeing of its members by offering comprehensive and vital benefits.
Who is the CEO of Electrical Workers Local No 86 Insurance Fund?
Raymond Ryerse Peter Sto is the Trustee As Of 8/22 of Electrical Workers Local No 86 Insurance Fund.
What is the revenue of Electrical Workers Local No 86 Insurance Fund?
Electrical Workers Local No 86 Insurance Fund's revenue in 2022 was $19,366,505.
Who are the executives of Electrical Workers Local No 86 Insurance Fund and what are their salaries?
The average compensation at Electrical Workers Local No 86 Insurance Fund during 2022 was $21,823. There are 4 employees at Electrical Workers Local No 86 Insurance Fund.
Here are 10 key members and their salaries:
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- Compensation: $848
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- Other: $496
- Compensation: $475
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- Other: $297
- Compensation: $88,554
- Related: $0
- Other: $65,012
Where can I find the form 990 for Electrical Workers Local No 86 Insurance Fund?
Electrical Workers Local No 86 Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Electrical Workers Local No 86 Insurance Fund
The Electrical Workers Local No 86 Insurance Fund is a committed organization that focuses on delivering health and insurance benefits to the members of IBEW Local No. 86. In simpler terms, this nonprofit fund exists to ensure the well-being of its members by providing them with essential group benefits.
Among the comprehensive range of benefits that the Electrical Workers Local No 86 Insurance Fund offers, members can access coverage for hospitalization, surgical procedures, and various medical needs. Furthermore, the fund extends its services to provide life insurance, dental, accident, disability, vision, and other health-related benefits. These offerings aim to ensure that the members of IBEW Local No. 86 have peace of mind knowing that they are protected against unforeseen health issues and financial burdens.
The Electrical Workers Local No 86 Insurance Fund's mission is driven by its dedication to the members it serves. By providing these essential benefits, the Fund strengthens the community of electrical workers and their families, allowing them to focus on their personal and professional lives with confidence. The organization's unwavering commitment to the health and well-being of its members is a testament to its importance and value within the IBEW Local No. 86 community.
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Impact
October, 2024
Electrical Workers Local No 86 Insurance Fund significantly enhances the well-being of its members by providing essential health and insurance benefits. By offering a comprehensive suite of group benefits—including hospitalization, surgical and medical care, life insurance, dental, accident, disability, vision, and overall health benefits—the fund ensures that members have access to crucial care when needed. This support not only aids in financial security during times of medical need but also fosters a sense of community and mutual aid among the members of IBEW Local No. 86. The focus on comprehensive care helps members maintain their health, contribute positively to their families, and sustain stable livelihoods in the Rochester area.
This information is meant to be a general summary of Electrical Workers Local No 86 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $746,995
- Program Service Revenue: $18,618,980
- Gross Receipts: $32,034,134
Assets and Liabilities:
- Total Assets: $25,547,698
- Total Liabilities: $469,257
- Net Assets: $25,078,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$16,569,258
PARTICIPANT'S CONTRIBUTIONS
Revenue
$2,049,722
Organization Details
Founding Year
1953
Phone
(585) 235-1515Principal Officer
Raymond Ryerse Peter Sto
Main Address
2300 EAST RIVER ROAD, ROCHESTER, NY, 14623
NTEE Category
Code: Y40 - Mutual benefit
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