Overview
What is Ibew Local 139 Welfare Fund?
Ibew Local 139 Welfare Fund is a nonprofit organization based in Elmira, New York, specifically at 415 W Second Street. Its primary mission is to provide essential benefits to the members of IBEW Local 139 and their dependents. This includes health, disability, and death benefits, ensuring financial support during various life challenges. Additionally, the Welfare Fund offers Medicare supplemental coverage for its retiree members, ensuring they can access necessary medical care with peace of mind. The organization is run by a team of 31 dedicated individuals.
Is Ibew Local 139 Welfare Fund legitimate?
Ibew Local 139 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 139 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: $1,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,577
For more financial information, click here
What is the mission statement of Ibew Local 139 Welfare Fund?
The Ibew Local 139 Welfare Fund serves a crucial mission by providing health, disability, and death benefits to the members of IBEW Local 139 and their dependents. Additionally, the fund offers Medicare supplemental coverage for its retirees. This non-profit organization is committed to ensuring the well-being and security of its members throughout various life stages. By offering these benefits, it aims to alleviate financial burdens and provide peace of mind during challenging times.
What is the revenue of Ibew Local 139 Welfare Fund?
Ibew Local 139 Welfare Fund's revenue in 2024 was $5,541,100.
Who are the executives of Ibew Local 139 Welfare Fund and what are their salaries?
The average compensation at Ibew Local 139 Welfare Fund during 2024 was $4,737. There are 30 employees and 7 volunteers at Ibew Local 139 Welfare Fund.
Here are 7 key members and their salaries:
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- Other: $0
- Compensation: $205
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $1,315
- Related: $0
- Other: $0
Where can I find the form 990 for Ibew Local 139 Welfare Fund?
Ibew Local 139 Welfare Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Ibew Local 139 Welfare Fund
The IBEW Local 139 Welfare Fund is committed to providing essential benefits to its members and their dependents. This nonprofit organization extends its support in the form of health, disability, and death benefits, ensuring the well-being of its members during challenging times. Moreover, IBEW Local 139 Welfare Fund offers Medicare supplemental coverage to its retirees, ensuring they continue to receive adequate medical care in their golden years. By providing these benefits, the organization demonstrates its unwavering dedication to supporting its members and their families, ensuring they can navigate life's challenges with greater peace of mind.
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Impact
October, 2024
The IBEW Local 139 Welfare Fund significantly impacts the lives of its members and their families in Elmira, NY, by providing essential health, disability, and death benefits. This fund ensures that members of IBEW Local 139 receive the necessary support during critical times, enhancing their overall well-being and financial security. Additionally, it offers Medicare supplemental coverage for retirees, helping to bridge gaps in healthcare expenses and ensuring that retirees can maintain their health without undue financial burden. The welfare fund plays a crucial role in fostering a sense of community and mutual support among members, reinforcing the values of solidarity and care within the labor movement.
This information is meant to be a general summary of Ibew Local 139 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 2024.
- Investment Income: $922,243
- Program Service Revenue: $4,265,703
- Gross Receipts: $27,118,367
Assets and Liabilities:
- Total Assets: $26,916,026
- Total Liabilities: $278,968
- Net Assets: $26,637,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WELFARE BENEFIT CONTRIB
Revenue
$4,265,703
Organization Details
Founding Year
1960
Principal Officer
Warren Roman Jr
NTEE Category
Code: Y40 - Mutual benefit
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