Overview
What is Ibew-163 Health & Welfare Fund?
The Ibew-163 Health & Welfare Fund is a nonprofit organization situated in West Trenton, New Jersey. Its primary mission is to offer a range of benefits, including health and accident insurance coverage, disability, death, vision, prescription, and dental services, to eligible participants and their dependents. These benefits are extended to union members employed under the terms of a collective bargaining agreement. The fund is actively engaged in providing these benefits, aiming to support the overall well-being of its members.
Is Ibew-163 Health & Welfare Fund legitimate?
Ibew-163 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew-163 Health & Welfare 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 Ibew-163 Health & Welfare Fund?
The Ibew-163 Health & Welfare Fund's mission is centered around providing various benefits to eligible participants who are under a collective bargaining agreement. This non-profit organization strives to offer health and accident insurance coverage, disability, death, vision, prescription, and dental benefits to its members. The plan is designed to cater to the health needs of union members and their dependents, ensuring they receive necessary medical services and support. The fund's primary objective is to ensure the well-being and health security of its covered participants.
Who is the CEO of Ibew-163 Health & Welfare Fund?
John Olejnik is the Union Trustee of Ibew-163 Health & Welfare Fund.
What is the revenue of Ibew-163 Health & Welfare Fund?
Ibew-163 Health & Welfare Fund's revenue in 2023 was $6,624,558.
Who are the executives of Ibew-163 Health & Welfare Fund and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $106,944
- Other: $23,986
- Compensation: $0
- Related: $78,380
- Other: $20,514
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ibew-163 Health & Welfare Fund?
Ibew-163 Health & Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ibew-163 Health & Welfare Fund
The Ibew-163 Health & Welfare Fund is a mission-driven organization dedicated to providing various benefits to eligible participants, primarily union members, who are covered under a collective bargaining agreement. This nonprofit organization focuses on offering comprehensive health and accident insurance coverage, disability benefits, and protection in the event of death, as well as vision, prescription, and dental plans. By providing these benefits, the Ibew-163 Health & Welfare Fund aims to support the well-being and health of its participants and their dependents.
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Impact
October, 2024
The IBEW-163 Health & Welfare Fund significantly impacts the well-being of eligible participants and their dependents by providing a comprehensive range of health benefits. These benefits include health and accident insurance coverage, disability support, and essential services such as dental, vision, and prescription coverage.
By supporting union members who are employed under collective bargaining agreements, the Fund enhances job security and quality of life for its participants. This comprehensive benefits package can alleviate financial burdens associated with medical expenses, ensuring that members can access necessary healthcare without the worry of exorbitant costs. Ultimately, the IBEW-163 Health & Welfare Fund plays a crucial role in promoting health security and enhancing the overall quality of life for union members and their families.
This information is meant to be a general summary of Ibew-163 Health & Welfare 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $185,965
- Program Service Revenue: $6,438,593
- Gross Receipts: $6,624,558
Assets and Liabilities:
- Total Assets: $10,483,354
- Total Liabilities: $300,074
- Net Assets: $10,183,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$6,301,825
RECIPROCAL PLAN CONTRI
Revenue
$96,333
PARTICIPANT CONTRIBUTI
Revenue
$40,435
Organization Details
Founding Year
1956
Phone
(609) 718-1394Principal Officer
John Olejnik
Main Address
830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628
NTEE Category
Code: Y40 - Mutual benefit
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