Ibew Local 269 Welfare And Supplemental

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

EIN: 223611027 ✦ West trenton, NJ ✦ Designated as a 501(c)(17)

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Overview

What is Ibew Local 269 Welfare And Supplemental?

Ibew Local 269 Welfare and Supplemental is a nonprofit organization situated in West Trenton, New Jersey, with an address at 830 Bear Tavern Road. Their primary mission is to provide supplemental benefits to participants whose employment falls under the terms of a collective bargaining agreement. These benefits include supplemental unemployment, permanent and total disability, monthly supplemental health and welfare, monthly health benefits, weekly sick benefits, and vacation benefits, all determined by the trustees. The organization's activities and mission revolve around ensuring the well-being of their participants by offering various financial support services.


Official website here: www.ibew269.com

Is Ibew Local 269 Welfare And Supplemental legitimate?

Ibew Local 269 Welfare And Supplemental is a legitimate nonprofit organization registered as a 501(c)(17) entity. Ibew Local 269 Welfare And Supplemental 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: $12,482

For more financial information, click here


Official website here: www.ibew269.com

What is the mission statement of Ibew Local 269 Welfare And Supplemental?

Ibew Local 269 Welfare and Supplemental's mission is centered around providing supplemental benefits to its plan participants whose employment is subject to a collective bargaining agreement. Contributions to the fund are mandatory, and these benefits include supplemental unemployment, permanent and total disability, monthly supplemental health and welfare, monthly health benefits, weekly sick benefits, and vacation benefits, as determined by the trustees. The organization's primary goal is to ensure that these benefits are made available to its members.


Official website here: www.ibew269.com

Who is the CEO of Ibew Local 269 Welfare And Supplemental?

Stephen Aldrich is the Trustee of Ibew Local 269 Welfare And Supplemental.


Official website here: www.ibew269.com

What is the revenue of Ibew Local 269 Welfare And Supplemental?

Ibew Local 269 Welfare And Supplemental's revenue in 2022 was $3,061,899.


Official website here: www.ibew269.com

Who are the executives of Ibew Local 269 Welfare And Supplemental and what are their salaries?


Here are 6 key members and their salaries:


Gino Pasqualone (Trustee)
  • Compensation: $0
  • Related: $221,372
  • Other: $97,764
Stephen M Aldrich (Trustee)
  • Compensation: $0
  • Related: $250,246
  • Other: $107,099
Mike Nielsen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Bryan Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Knecht Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne P Deangelo (Trustee)
  • Compensation: $0
  • Related: $221,372
  • Other: $97,764


Official website here: www.ibew269.com

Where can I find the form 990 for Ibew Local 269 Welfare And Supplemental?

Ibew Local 269 Welfare And Supplemental's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ibew269.com

Learn more at the official website: www.ibew269.com

Mission Statement of Ibew Local 269 Welfare And Supplemental

Ibew Local 269 Welfare and Supplemental, as a nonprofit organization, is committed to providing supplemental benefits to its plan participants. Their mission is centered around individuals whose employment necessitates contributions to the fund under the terms of a collective bargaining agreement. This fund is intended to cover a range of benefits, including supplemental unemployment, permanent and total disability, monthly supplemental health and welfare, monthly health benefits, weekly sick benefits, and vacation benefits. The allocation of these benefits is determined by the trustees. The primary goal of Ibew Local 269 Welfare and Supplemental is to support its members during various life challenges by offering financial assistance in these specific areas.

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Impact




October, 2024

The IBEW Local 269 Welfare and Supplemental program plays a critical role in enhancing the well-being of its plan participants by providing essential supplemental benefits tied to collective bargaining agreements. Through its various offerings, it supports individuals in times of need, ensuring financial stability during periods of unemployment and offering assistance in cases of permanent disability.

Key benefits facilitated by the program include supplemental unemployment support, which serves as a safety net for members who may be facing job loss. Additionally, the provision for permanent and total disability ensures that individuals unable to work due to severe health conditions receive the necessary financial support.

Furthermore, the monthly supplemental health and welfare benefits contribute to members' overall health care coverage, reducing financial strain associated with medical expenses. Weekly sick benefits provide immediate assistance during short-term illness, allowing members to focus on recovery without the worry of lost income.

The inclusion of vacation benefits also underscores the commitment to promoting work-life balance among members, granting them the ability to take time off for personal needs without financial repercussions. By administering these benefits in accordance with collective bargaining agreements, IBEW Local 269 Welfare and Supplemental significantly impacts the lives of its participants, fostering a sense of security and stability within the workforce.




This information is meant to be a general summary of Ibew Local 269 Welfare And Supplemental. 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
$3,061,899 (2022)
Expenses
$2,139,393 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $130,852
  • Program Service Revenue: $2,931,047
  • Gross Receipts: $3,061,899

Assets and Liabilities:

  • Total Assets: $9,209,100
  • Total Liabilities: $587,806
  • Net Assets: $8,621,294

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Programs

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

EMPLOYERS CONTRIBUTION

Revenue

$2,931,047

Organization Details

Founding Year

1998

Principal Officer

Stephen Aldrich

Main Address

830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628

NTEE Category

Code: Y24 - Mutual benefit

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