Insulators Local 41 Retiree Insurance Fund

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

EIN: 204957423 ✦ Fort wayne, IN ✦ Designated as a 501(c)(9)

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Overview

What is Insulators Local 41 Retiree Insurance Fund?

The Insulators Local 41 Retiree Insurance Fund is a health and welfare fund established for Union 41 members. Its primary mission is to contribute towards retiree medical benefits, covering dental and vision expenses up to $100 per participant and their spouse. Additionally, the fund provides a Voluntary Employee Beneficiary Association (VEBA) benefit and short-term disability assistance. This nonprofit, located in Fort Wayne, Indiana, aims to support the health and well-being of its retired members.

Is Insulators Local 41 Retiree Insurance Fund legitimate?

Insulators Local 41 Retiree Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insulators Local 41 Retiree 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Insulators Local 41 Retiree Insurance Fund?

The Insulators Local 41 Retiree Insurance Fund serves as a health and welfare fund, primarily focused on providing financial assistance for retirees. Its mission is to contribute a portion of the premiums for retiree medical benefits, dental and vision expenses, up to a specified limit, as well as offering a Voluntary Employee Beneficiary Association (VEBA) benefit and short-term disability. This fund aims to support the medical and financial needs of retired union members, ensuring they maintain a certain level of coverage for their health and well-being.

Who is the CEO of Insulators Local 41 Retiree Insurance Fund?

Joshua Meehan is the Union Trustee of Insulators Local 41 Retiree Insurance Fund.

What is the revenue of Insulators Local 41 Retiree Insurance Fund?

Insulators Local 41 Retiree Insurance Fund's revenue in 2022 was $270,775.

Who are the executives of Insulators Local 41 Retiree Insurance Fund and what are their salaries?


Here are 4 key members and their salaries:


Joshua Meehan (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brock Meehan (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Sauer (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney E Hamilton (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Insulators Local 41 Retiree Insurance Fund?

Insulators Local 41 Retiree Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Insulators Local 41 Retiree Insurance Fund

Insulators Local 41 Retiree Insurance Fund is a health and welfare fund established to support its affiliated union, Local Union 41. The primary mission of this fund is to contribute towards the expenses of retiree medical benefits, dental and vision care, and short-term disability for its members. Specifically, the fund covers up to a certain limit for dental and vision expenses per participant and their spouse, as well as provides a Voluntary Employee Beneficiary Association (VEBA) benefit. In addition, the fund offers short-term disability coverage to its members. This fund aims to ensure the well-being and financial security of its retirees, providing them with essential healthcare benefits.

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Impact




October, 2024

The Insulators Local 41 Retiree Insurance Fund plays a crucial role in supporting the health and welfare of retirees from Local Union 41. By covering a percentage of the premium for medical benefits, it alleviates financial burdens faced by retirees regarding healthcare costs.

In addition to medical coverage, the fund supports dental and vision expenses, providing up to $100 for each participant and their spouse. This comprehensive approach ensures that retirees have access to essential health services, ultimately enhancing their quality of life during retirement.

The fund further extends benefits through a Voluntary Employee Beneficiary Association (VEBA) benefit and addresses short-term disability situations, ensuring that retirees have a safety net during challenging times. Overall, the impact of the Insulators Local 41 Retiree Insurance Fund is significant, fostering financial security and promoting the well-being of union retirees in Fort Wayne, IN.




This information is meant to be a general summary of Insulators Local 41 Retiree 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.

Revenue
$270,775 (2022)
Expenses
$273,236 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $10,860
  • Program Service Revenue: $259,915
  • Gross Receipts: $579,195

Assets and Liabilities:

  • Total Assets: $942,561
  • Total Liabilities: $289
  • Net Assets: $942,272

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$259,915

Organization Details

Founding Year

2006

Principal Officer

Joshua Meehan

Main Address

3626 N WELLS STREET, FORT WAYNE, IN, 46808

NTEE Category

Code: Y44 - Mutual benefit

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