Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co

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

EIN: 222317253 ✦ West trenton, NJ ✦ Designated as a 501(c)(8)

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Overview

What is Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co?

Health & Welfare Fund Local 456 IBEW CO I E Shaffer & Co is a nonprofit organization located in West Trenton, New Jersey, at 830 Bear Tavern Road. Their primary mission revolves around providing group health benefits for eligible participants, ensuring access to essential healthcare services. With a team of 76 employees, they strive to improve the well-being of those whom they serve.

Is Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co legitimate?

Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co is a legitimate nonprofit organization registered as a 501(c)(8) entity. Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co 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 Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co?

This organization, Health & Welfare Fund Local 456 IBEW CO I E Shaffer & Co, focuses on providing group health benefits for eligible participants. By offering these benefits, the organization plays a crucial role in promoting the well-being and health of individuals. The mission is driven by the belief that access to essential health services is vital for maintaining a good quality of life. By providing these benefits, the organization aims to alleviate the financial burden of healthcare costs for its members, enabling them to focus on their overall well-being. The group health benefits package offers various coverages, ensuring comprehensive care for the enrolled participants. The organization's commitment to the health and welfare of its members is unwavering.

Who is the CEO of Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co?

Michael G Mclaughlin is the Trustee of Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co.

What is the revenue of Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co?

Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co's revenue in 2022 was $21,485,919.

Who are the executives of Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co and what are their salaries?

There are 76 employees at Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co.


Here are 7 key members and their salaries:


Harry C Alexander (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrance Craig (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Shaute (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis T Leake (Trustee)
  • Compensation: $0
  • Related: $64,242
  • Other: $33,463
Michael G Mclaughlin (Trustee)
  • Compensation: $0
  • Related: $229,890
  • Other: $131,470
Dennis F Cronin (Trustee)
  • Compensation: $0
  • Related: $2,789
  • Other: $0
Kevin P Egan (Trustee)
  • Compensation: $0
  • Related: $222,452
  • Other: $131,470
Where can I find the form 990 for Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co?

Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co

Health & Welfare Fund Local 456 IBEW CO I E Shaffer & Co is a mission-driven organization dedicated to extending group health benefits to eligible participants. In simpler terms, this nonprofit is committed to ensuring that eligible individuals have access to essential health coverage.

The core activity of this nonprofit revolves around providing group health benefits. This means they pool resources together to offer affordable and comprehensive health insurance plans to those who meet specific eligibility criteria. By doing so, they help bridge the gap in healthcare coverage for many individuals who might not otherwise have access to it.

The importance of this nonprofit's mission cannot be overstated, as having access to quality healthcare is crucial for maintaining good overall health and well-being. By providing group health benefits, Health & Welfare Fund Local 456 IBEW CO I E Shaffer & Co plays a vital role in ensuring that eligible participants can focus on their personal and professional growth without the added burden of healthcare concerns.

In essence, this nonprofit functions as a safety net for those who need health coverage the most. It's a collective effort that brings together people from various backgrounds and circumstances, all working towards a common goal of securing better health outcomes for those in need.

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Impact




October, 2024

The Health & Welfare Fund Local 456 IBEW, administered by I.E. Shaffer & Co., plays a crucial role in providing essential group health benefits to eligible participants in the West Trenton, NJ area. This fund contributes significantly to the well-being of its members and their families by ensuring access to necessary healthcare services. By offering comprehensive health benefits, the fund promotes healthier lifestyles, reduces financial burdens associated with medical expenses, and enhances overall community health.

The support provided by this fund fosters a sense of security among participants, allowing them to focus on their work and families without the added stress of healthcare costs. Additionally, by prioritizing health and welfare, the fund contributes to the stability and productivity of the workforce, ultimately benefiting both employees and employers in the long run. Through its mission, the Health & Welfare Fund Local 456 IBEW is instrumental in uplifting the health standards of its members, demonstrating a commitment to mutual benefit and community support.




This information is meant to be a general summary of Health & Welfare Fund Local 456 Ibew C/O I E Shaffer & Co. 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
$21,485,919 (2022)
Expenses
$27,668,255 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,598,286
  • Program Service Revenue: $18,886,317
  • Gross Receipts: $36,687,134

Assets and Liabilities:

  • Total Assets: $66,828,884
  • Total Liabilities: $3,606,824
  • Net Assets: $63,222,060

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Programs

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

CONTRIBUTIONS

Revenue

$18,330,030

STOP LOSS REIMBURSEMEN

Revenue

$556,287

Organization Details

Founding Year

1980

Principal Officer

Michael G Mclaughlin

Main Address

830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628

NTEE Category

Code: Y40 - Mutual benefit

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