International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust

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

EIN: 203170458 ✦ Glendale, CA ✦ Designated as a 501(c)(9)

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Overview

What is International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust?

The International Brotherhood of Electrical Workers Local 47 Retiree Medical Trust is a nonprofit organization situated in Glendale, California. It functions as a fraternal beneficiary society and voluntary employees association, with a primary mission to establish and manage a retiree health insurance plan for eligible employees. The trust was established through an agreement, aiming to provide financial support for the medical needs of retired workers in the organization.

Is International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust legitimate?

International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Brotherhood Of Electrical Workers Local 47 Retiree Medical 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.


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 International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust?

The International Brotherhood of Electrical Workers Local 47 Retiree Medical Trust is an organization established with the objective of funding a retiree health insurance plan for eligible employees. This fraternal beneficiary society and voluntary employees association, located elsewhere, was established through an agreement to cater to the healthcare needs of retired employees in their post-employment phase. The trust aims to provide a secure and comprehensive healthcare solution for its members, ensuring they can maintain their well-being even after retirement.

Who is the CEO of International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust?

Chris Avila is the Trustee of International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust.

What is the revenue of International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust?

International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust's revenue in 2022 was $2,853,404.

Who are the executives of International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust and what are their salaries?


Here are 8 key members and their salaries:


Ron Bengochea (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Lavin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Stosel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Baca (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Avila (Trustee - Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mario Elizondo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesus Ramirez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Lavin (Trustee - Chairman - Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust?

International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of International Brotherhood Of Electrical Workers Local 47 Retiree Medical Trust

The International Brotherhood of Electrical Workers Local 47 Retiree Medical Trust is a fraternal beneficiary society and voluntary employees association, established with a common goal. Situated in an unspecified location, this organization was formed through an agreement for a specific purpose: to fund a retiree health insurance plan for eligible employees. This plan serves as a safety net for retired workers, providing them with essential healthcare coverage during their post-employment years. By establishing and administering this retiree health insurance plan, the International Brotherhood of Electrical Workers Local 47 Retiree Medical Trust demonstrates its commitment to the well-being and security of its members, ensuring they maintain a certain level of medical coverage even after leaving active employment.

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Impact




October, 2024

The International Brotherhood of Electrical Workers Local 47 Retiree Medical Trust plays a crucial role in providing healthcare support for retired members of the electrical workers community. By funding a retiree health insurance plan, it ensures that eligible employees can access necessary medical care after they leave the workforce. This financial safety net not only secures retirees’ health and well-being but also fosters a sense of community and solidarity among former colleagues.

Located in Glendale, California, the Trust embodies the principles of mutual benefit, offering peace of mind to retirees and their families. This support system enhances the quality of life for retirees, allowing them to navigate healthcare needs without the financial burden that can accompany medical expenses. Overall, the Trust significantly contributes to the stability and welfare of its members in their retirement years.




This information is meant to be a general summary of International Brotherhood Of Electrical Workers Local 47 Retiree Medical 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.

Revenue
$2,853,404 (2022)
Expenses
$1,299,554 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $850,690
  • Program Service Revenue: $2,002,714
  • Gross Receipts: $13,408,285

Assets and Liabilities:

  • Total Assets: $24,207,303
  • Total Liabilities: $139,652
  • Net Assets: $24,067,651

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Programs

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

CITY CONTRIBUTIONS

Revenue

$946,066

EMPLOYEE CONTRIBUTIONS

Revenue

$735,650

SELF-PAY CONTRIBUTIONS

Revenue

$320,998

Organization Details

Founding Year

2005

Principal Officer

Chris Avila

Main Address

1000 N CENTRAL AVE ste 400, GLENDALE, CA, 91202

NTEE Category

Code: Y43 - Mutual benefit

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