Ibew Local 98 Health & Welfare Plan Board Of

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

EIN: 232082042 ✦ Philadelphia, PA ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local 98 Health & Welfare Plan Board Of?

Ibew Local 98 Health & Welfare Plan Board is a nonprofit organization dedicated to offering essential benefits to members and their dependents of International Brotherhood of Electrical Workers Local Union No. 98. Based in Philadelphia, Pennsylvania, they provide a range of benefits, including medical, hospital-surgical, life and accidental death & dismemberment, prescription, dental, vision, and disability coverage. Their mission is to ensure eligible members and their dependents have access to comprehensive healthcare services, enhancing their overall wellbeing and quality of life.

Is Ibew Local 98 Health & Welfare Plan Board Of legitimate?

Ibew Local 98 Health & Welfare Plan Board Of is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 98 Health & Welfare Plan Board Of 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 Ibew Local 98 Health & Welfare Plan Board Of?

The Ibew Local 98 Health & Welfare Plan Board of Trustees is dedicated to providing essential benefits to eligible members and their dependents within the International Brotherhood of Electrical Workers Local Union No. 98. They offer comprehensive coverage, ensuring access to hospitalization, surgical, medical, dental, vision, prescription drug, death, accidental death and dismemberment, and weekly disability benefits. The fund's primary goal is to improve the health and wellbeing of its members, providing a safety net during times of need.

Who is the CEO of Ibew Local 98 Health & Welfare Plan Board Of?

James Foy is the Employer Trustee (P) of Ibew Local 98 Health & Welfare Plan Board Of.

What is the revenue of Ibew Local 98 Health & Welfare Plan Board Of?

Ibew Local 98 Health & Welfare Plan Board Of's revenue in 2022 was $89,861,638.

Who are the executives of Ibew Local 98 Health & Welfare Plan Board Of and what are their salaries?


Here are 8 key members and their salaries:


Shawn Duff (Employer Trustee (P))
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Burrows (Union Trustee)
  • Compensation: $0
  • Related: $217,908
  • Other: $123,755
Jeff Scarpello (Employer Trustee)
  • Compensation: $0
  • Related: $517,344
  • Other: $118,566
Michael Kane (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Smith (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Masculli (Union Trustee (P))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Meyers (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Lynch (Union Trustee)
  • Compensation: $0
  • Related: $278,878
  • Other: $161,033
Where can I find the form 990 for Ibew Local 98 Health & Welfare Plan Board Of?

Ibew Local 98 Health & Welfare Plan Board Of's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 98 Health & Welfare Plan Board Of

Ibew Local 98 Health & Welfare Plan Board of is a dedicated organization that offers essential benefits to eligible members and their dependents affiliated with International Brotherhood of Electrical Workers Local Union No. 98. In simple terms, the Board functions as a health and welfare provider, ensuring access to various medical, surgical, hospitalization, dental, vision, prescription drug, life insurance, accidental death and dismemberment, and weekly disability benefits.

The mission of Ibew Local 98 Health & Welfare Plan Board of is multifaceted. It focuses on providing comprehensive health solutions to its members, safeguarding their well-being and ensuring peace of mind. The organization's benevolent initiatives extend to cover a myriad of medical, surgical, and life-altering situations. By offering a wide range of benefits, Ibew Local 98 Health & Welfare Plan Board of fosters a sense of security and confidence among its members and their families.

In essence, Ibew Local 98 Health & Welfare Plan Board of plays a pivotal role in promoting the overall health and wellness of its members. It serves as a safety net, absorbing the financial burden of medical expenses and offering financial support in times of need. By doing so, the organization empowers its members to focus on their recovery and well-being, rather than worrying about the financial repercussions of their medical circumstances.

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Impact




October, 2024

The IBEW Local 98 Health & Welfare Plan Board significantly enhances the well-being of its members and their families by providing a comprehensive array of benefits. These include hospitalization, surgical, medical, dental, vision, and prescription drug coverage, as well as life insurance and disability benefits.

By ensuring access to essential health services, the Plan alleviates financial burdens associated with medical expenses, enabling members to focus on their work without the anxiety of potential health-related costs. In addition, offering disability and accidental death benefits supports members and their dependents during challenging times, fostering a sense of security and peace of mind.

Overall, the IBEW Local 98 Health & Welfare Plan Board plays a pivotal role in promoting the physical and financial health of its members, contributing to a more stable and supportive community for electrical workers in Philadelphia and their families.




This information is meant to be a general summary of Ibew Local 98 Health & Welfare Plan Board Of. 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
$89,861,638 (2022)
Expenses
$78,430,420 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,913,365
  • Program Service Revenue: $85,948,273
  • Gross Receipts: $104,976,912

Assets and Liabilities:

  • Total Assets: $175,549,774
  • Total Liabilities: $1,625,511
  • Net Assets: $173,924,263

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$81,406,048

RETIREE AND COBRA CONTRIBUTIONS

Revenue

$4,542,225

Organization Details

Founding Year

1953

Principal Officer

James Foy

Main Address

1719 SPRING GARDEN STREET, PHILADELPHIA, PA, 191303915

NTEE Category

Code: Y40 - Mutual benefit

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