International Brotherhood Of Electrical Workers-126 Health & Welfare Plan

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

EIN: 236395223 ✦ Collegeville, PA ✦ Designated as a 501(c)(9)

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Overview

What is International Brotherhood Of Electrical Workers-126 Health & Welfare Plan?

The International Brotherhood of Electrical Workers-126 Health & Welfare Plan is a nonprofit organization based in Collegeville, Pennsylvania. Their primary mission is to offer various benefits to eligible members and their dependents of the International Brotherhood of Electrical Workers Local Union No. 126. These benefits include hospitalization, surgical, medical, dental, vision, prescription drug coverage, vacation, death, accidental death and dismemberment, and weekly disability benefits. The organization is dedicated to enhancing the well-being and health of its members, ensuring they have access to essential services when they need them most.


Official website here: www.ibew126benefits.com

Is International Brotherhood Of Electrical Workers-126 Health & Welfare Plan legitimate?

International Brotherhood Of Electrical Workers-126 Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Brotherhood Of Electrical Workers-126 Health & Welfare Plan 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


Official website here: www.ibew126benefits.com

What is the mission statement of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan?

The International Brotherhood of Electrical Workers-126 Health & Welfare Plan is dedicated to extending essential benefits to eligible members and their dependents. These benefits include hospitalization, surgery, medical care, dental services, vision coverage, prescription drugs, vacation opportunities, death benefits, accidental death and dismemberment insurance, and weekly disability payments. The primary objective is to ensure that the beneficiaries have access to necessary healthcare services and financial support when needed.


Official website here: www.ibew126benefits.com

Who is the CEO of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan?

Richard Muttik is the Union Trustee of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan.


Official website here: www.ibew126benefits.com

What is the revenue of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan?

International Brotherhood Of Electrical Workers-126 Health & Welfare Plan's revenue in 2022 was $53,075,493.


Official website here: www.ibew126benefits.com

Who are the executives of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan and what are their salaries?


Here are 6 key members and their salaries:


Richard Muttik (Union Trustee)
  • Compensation: $0
  • Related: $227,816
  • Other: $80,227
Christopher Wentzel (Union Trustee)
  • Compensation: $0
  • Related: $188,575
  • Other: $71,758
Patrick Casey (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Miller Iii (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Scarpello (Employer Trustee)
  • Compensation: $0
  • Related: $517,344
  • Other: $118,566
Randy Roberts (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ibew126benefits.com

Where can I find the form 990 for International Brotherhood Of Electrical Workers-126 Health & Welfare Plan?

International Brotherhood Of Electrical Workers-126 Health & Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ibew126benefits.com

Learn more at the official website: www.ibew126benefits.com

Mission Statement of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan

The International Brotherhood of Electrical Workers-126 Health & Welfare Plan is a dedicated organization committed to providing essential benefits to eligible members and their dependents of the International Brotherhood of Electrical Workers Local Union No. 126. In simple terms, this non-profit aims to ensure the wellbeing of its members by offering a comprehensive range of benefits.

Through its mission, the International Brotherhood of Electrical Workers-126 Health & Welfare Plan extends hospitalization, surgical, medical, dental, vision, prescription drug, vacation, death, accidental death and dismemberment, and weekly disability benefits to its members. These benefits serve to alleviate the financial burden of healthcare expenses, ultimately promoting peace of mind and improved health outcomes for the individuals it serves.

By providing these crucial services, the International Brotherhood of Electrical Workers-126 Health & Welfare Plan plays a pivotal role in enhancing the quality of life for its members, allowing them to focus on their personal and professional development without the added worry of health-related financial stress. Overall, the organization's unwavering commitment to the welfare of its members is evident in its extensive benefits package.

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Impact




October, 2024

The International Brotherhood of Electrical Workers-126 Health & Welfare Plan significantly impacts the well-being of eligible members and their dependents by offering a comprehensive package of benefits. This plan facilitates access to essential healthcare services, including hospitalization, surgical, medical, dental, and vision care. Additionally, it provides prescription drug coverage, which is crucial for managing ongoing health conditions.

The plan also includes important financial protections through death benefits, accidental death and dismemberment coverage, and weekly disability benefits, ensuring that members and their families are supported during challenging times. By offering these essential services, the plan helps create a safety net that contributes to the overall health security and peace of mind of its members, allowing workers to focus on their jobs without the burden of financial strain due to unexpected medical expenses. Overall, this healthcare plan plays a vital role in enhancing the quality of life for those associated with the International Brotherhood of Electrical Workers Local Union No. 126.




This information is meant to be a general summary of International Brotherhood Of Electrical Workers-126 Health & Welfare Plan. 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
$53,075,493 (2022)
Expenses
$37,500,047 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $760,301
  • Program Service Revenue: $52,305,406
  • Gross Receipts: $197,281,054

Assets and Liabilities:

  • Total Assets: $124,740,980
  • Total Liabilities: $1,296,937
  • Net Assets: $123,444,043

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$51,539,128

PARTICIPANT CONTRIBUTIONS

Revenue

$766,278

Organization Details

Founding Year

1953

Principal Officer

Richard Muttik

Main Address

3455 GERMANTOWN PIKE, COLLEGEVILLE, PA, 194261503

NTEE Category

Code: Y43 - Mutual benefit

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