Local No 41 Ibew Health Fund

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

EIN: 160841426 ✦ Orchard park, NY ✦ Designated as a 501(c)(9)

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Overview

What is Local No 41 Ibew Health Fund?

The Local No 41 IBEW Health Fund is a nonprofit organization located at 3546 California Road, Orchard Park, New York, 14127. With a team of seven dedicated individuals, this fund focuses on delivering health and welfare benefits to eligible participants. These benefits are granted under the terms of a collective bargaining agreement, reciprocal agreement, or participation agreement that mandates contributions to the fund. The mission of the Local No 41 IBEW Health Fund is to ensure the wellbeing of its members by providing essential health benefits, contributing to their overall quality of life.

Is Local No 41 Ibew Health Fund legitimate?

Local No 41 Ibew Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local No 41 Ibew Health 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: $123,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,165

For more financial information, click here

What is the mission statement of Local No 41 Ibew Health Fund?

Local No 41 IBEW Health Fund is dedicated to delivering health and welfare benefits to eligible participants. This mission is fulfilled through the collective bargaining agreements, reciprocal agreements, or participation agreements that require contributions to the fund. The provision of life, disability, and other health and welfare benefits is a significant aspect of the fund's activities. By focusing on the health and wellbeing of those it serves, the fund contributes to the overall wellness and productivity of the workforce.

Who is the CEO of Local No 41 Ibew Health Fund?

Leeann Murphy is the Chairman of Local No 41 Ibew Health Fund.

What is the revenue of Local No 41 Ibew Health Fund?

Local No 41 Ibew Health Fund's revenue in 2023 was $17,978,236.

Who are the executives of Local No 41 Ibew Health Fund and what are their salaries?

The average compensation at Local No 41 Ibew Health Fund during 2023 was $44,228. There are 7 employees at Local No 41 Ibew Health Fund.


Here are 7 key members and their salaries:


Richard Lombard (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Lamonaco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Gaiser (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew J Hilmey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Nugent (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Bove (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leeann Murphy (Plan Administrator)
  • Compensation: $78,386
  • Related: $0
  • Other: $17,752
Where can I find the form 990 for Local No 41 Ibew Health Fund?

Local No 41 Ibew Health Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Local No 41 Ibew Health Fund

Local No 41 IBEW Health Fund is a nonprofit organization that extends health and welfare benefits to eligible participants. Working under the stipulations of collective bargaining agreements, reciprocal agreements, or participation agreements that mandate contributions to the Fund, these individuals gain access to a range of essential benefits.

The mission of Local No 41 IBEW Health Fund is to deliver life-enhancing health and welfare benefits to its eligible members. By providing these benefits, the organization supports the wellbeing and overall health of the participants, allowing them to focus on their work and personal lives with peace of mind.

The Fund's offerings encompass a variety of benefits, including life and disability coverage. These benefits serve as crucial safety nets, ensuring that participants and their families are protected in times of need. Local No 41 IBEW Health Fund is dedicated to promoting the health and wellbeing of its members, enabling them to thrive and contribute to their communities.

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Impact




October, 2024

Local No 41 IBEW Health Fund significantly enhances the well-being of eligible participants by offering comprehensive health and welfare benefits. By providing life, disability, and other essential health services, the Fund ensures that members working under the collective bargaining agreement have access to crucial support when they need it most. This not only aids individuals and their families during challenging times but also fosters a healthier workforce. The Fund’s mission underscores the importance of collective contributions, strengthening the community and promoting mutual benefits for all participants involved. Its presence in Orchard Park, NY, exemplifies a commitment to safeguarding the health and welfare of workers, thereby positively impacting their lives and futures.




This information is meant to be a general summary of Local No 41 Ibew Health 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
$17,978,236 (2023)
Expenses
$17,289,358 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,249
  • Program Service Revenue: $17,970,987
  • Gross Receipts: $35,144,473

Assets and Liabilities:

  • Total Assets: $45,829,164
  • Total Liabilities: $245,609
  • Net Assets: $45,583,555

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Programs

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

CONTRACTOR CONTRIBUTIONS

Revenue

$17,354,807

PENSIONER CONTRIBUTIONS

Revenue

$361,771

ADMINISTRATIVE SERVICES

Revenue

$248,400

PARTICIPANT CONTRIBUTIONS

Revenue

$6,009

Organization Details

Founding Year

1960

Principal Officer

Leeann Murphy

Main Address

3546 CALIFORNIA ROAD, ORCHARD PARK, NY, 141271746

NTEE Category

Code: Y40 - Mutual benefit

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