Overview
What is Ilwu Local 142 Health And Welfare Trust?
Ilwu Local 142 Health and Welfare Trust is a nonprofit organization based in Honolulu, Hawaii, specifically located at 1440 Kapiolani Blvd 800. Their primary mission is to extend health and welfare benefits to eligible participants, in accordance with their trust agreements, rules, regulations, and the Collective Bargaining Agreement (CBA). The trust manages significant funds for medical coverage ($23,453,091), prescription drugs ($6,141,372, including drug rebates), and dental services ($2,072,627). The trust's purpose is to support the health and wellbeing of eligible employees and their families.
Is Ilwu Local 142 Health And Welfare Trust legitimate?
Ilwu Local 142 Health And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ilwu Local 142 Health And Welfare Trust 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.
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What is the mission statement of Ilwu Local 142 Health And Welfare Trust?
The Ilwu Local 142 Health and Welfare Trust is committed to providing health and welfare benefits to eligible participants. In accordance with the trust agreements, rules, and regulations of the plan, this organization focuses on delivering self-funded health and welfare benefits. The mission is to extend these essential benefits to eligible employees and their families, ensuring their overall well-being. The trust manages funds for medical coverage, drugs, and dental care, with a total value of approximately $26 million for medical, $6 million for drugs, and $2 million for dental.
Who is the CEO of Ilwu Local 142 Health And Welfare Trust?
Guy Fujimura-Union Truste is the Union Trustee of Ilwu Local 142 Health And Welfare Trust.
What is the revenue of Ilwu Local 142 Health And Welfare Trust?
Ilwu Local 142 Health And Welfare Trust's revenue in 2022 was $52,977,525.
Who are the executives of Ilwu Local 142 Health And Welfare Trust and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ilwu Local 142 Health And Welfare Trust?
Ilwu Local 142 Health And Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ilwu Local 142 Health And Welfare Trust
Ilwu Local 142 Health and Welfare Trust is a self-funded organization committed to providing health and welfare benefits to eligible employees and their families. The Trust's primary mission is to ensure the well-being of its participants by offering comprehensive health and welfare services as outlined in the plan documents. With a focus on medical, dental, and prescription drug coverage, the Trust is dedicated to safeguarding the health and financial security of its beneficiaries.
The Trust's resources are extensive, with a medical coverage budget of over $23 million, a drug coverage budget of nearly $6.2 million, and drug rebates totaling over $2.2 million. The dental coverage budget amounts to over $2 million, demonstrating the Trust's unwavering commitment to the overall health and well-being of its members. By meticulously managing these funds, Ilwu Local 142 Health and Welfare Trust continues to prioritize the health and welfare of its eligible participants.
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Impact
October, 2024
Ilwu Local 142 Health And Welfare Trust plays a crucial role in ensuring the health and welfare of eligible participants by providing essential benefits. The trust delivers self-funded health and welfare benefits, which include comprehensive medical coverage, prescription drug support, and dental care.
In the realm of healthcare, the trust has reported significant expenditures, with $23,453,091 allocated for medical services, $6,141,372 for pharmaceuticals, and $2,072,627 for dental expenses. This financial commitment underscores the trust's dedication to the well-being of its members and their families.
Additionally, the trust navigates complex plan documents, trust agreements, and collective bargaining agreements to deliver these benefits in accordance with established regulations. By doing so, it not only supports the health needs of workers and their families but also reinforces a stable workforce that contributes to the community in Honolulu, HI, and beyond.
Overall, the impact of Ilwu Local 142 Health And Welfare Trust is significant, providing critical support for the physical and financial health of its participants, thereby fostering a healthier, more secure environment for employees and their families.
This information is meant to be a general summary of Ilwu Local 142 Health And Welfare Trust. 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: $882,153
- Program Service Revenue: $52,093,598
- Gross Receipts: $123,668,332
Assets and Liabilities:
- Total Assets: $53,414,024
- Total Liabilities: $751,684
- Net Assets: $52,662,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIO
Revenue
$52,011,575
EMPLOYEES' CONTRIBUTIO
Revenue
$82,023
Organization Details
Founding Year
2005
Phone
(808) 441-8600Principal Officer
Guy Fujimura-Union Truste
Main Address
1440 KAPIOLANI BLVD 800, HONOLULU, HI, 96814
NTEE Category
Code: Y43 - Mutual benefit
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