International Operating Engineers Union 49 Health And Welfare Fund

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

EIN: 237015120 ✦ Bloomington, MN ✦ Designated as a 501(c)(9)

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Overview

What is International Operating Engineers Union 49 Health And Welfare Fund?

The International Operating Engineers Union 49 Health and Welfare Fund is a nonprofit organization based in Bloomington, Minnesota, with an address at 3001 Metro Drive 500. Their primary mission revolves around providing various benefits, including healthcare, prescription drugs, life, accidental death and dismemberment, dental, disability, and vision coverage, to eligible participants and their dependents or beneficiaries. As a health and welfare fund, they are dedicated to ensuring the wellbeing of their members by facilitating the payment of health care benefits, as outlined in their plan document. The organization employs a workforce of 133 individuals.


Official website here: www.health49.org

Is International Operating Engineers Union 49 Health And Welfare Fund legitimate?

International Operating Engineers Union 49 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Operating Engineers Union 49 Health And 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: $57,292

For more financial information, click here


Official website here: www.health49.org

What is the mission statement of International Operating Engineers Union 49 Health And Welfare Fund?

The International Operating Engineers Union 49 Health and Welfare Fund serves as a health benefits provider, ensuring eligible participants and their dependents receive necessary coverage as outlined in the plan document. The fund offers a range of benefits including healthcare, prescription drugs, life, accidental death and dismemberment, dental, disability, and vision coverage. The primary goal is to facilitate the payment of these benefits to enhance the overall wellbeing of those enrolled.


Official website here: www.health49.org

Who is the CEO of International Operating Engineers Union 49 Health And Welfare Fund?

Jason George is the Trustee - Past of International Operating Engineers Union 49 Health And Welfare Fund.


Official website here: www.health49.org

What is the revenue of International Operating Engineers Union 49 Health And Welfare Fund?

International Operating Engineers Union 49 Health And Welfare Fund's revenue in 2022 was $232,318,179.


Official website here: www.health49.org

Who are the executives of International Operating Engineers Union 49 Health And Welfare Fund and what are their salaries?

The average compensation at International Operating Engineers Union 49 Health And Welfare Fund during 2022 was $431. There are 133 employees at International Operating Engineers Union 49 Health And Welfare Fund.


Here are 12 key members and their salaries:


Steven Piper (Trustee - Past)
  • Compensation: $0
  • Related: $163,328
  • Other: $60,344
Eugene Grover (Trustee)
  • Compensation: $0
  • Related: $139,297
  • Other: $60,199
Ronald Boesel (Trustee)
  • Compensation: $0
  • Related: $135,604
  • Other: $60,199
Ryan Davies (Trustee)
  • Compensation: $0
  • Related: $152,070
  • Other: $60,321
Tim Olson (Alternate Trustee)
  • Compensation: $0
  • Related: $135,604
  • Other: $60,199
Timothy Gillen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hubbard (Trustee - Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Frattalone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Wawro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Mccausland (Alternate Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason George (Chairman)
  • Compensation: $0
  • Related: $177,290
  • Other: $60,586


Official website here: www.health49.org

Where can I find the form 990 for International Operating Engineers Union 49 Health And Welfare Fund?

International Operating Engineers Union 49 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.health49.org

Learn more at the official website: www.health49.org

Mission Statement of International Operating Engineers Union 49 Health And Welfare Fund

International Operating Engineers Union 49 Health and Welfare Fund is a mission-driven organization dedicated to providing health care benefits for eligible participants and their dependents or beneficiaries. The Fund's primary activity revolves around the payment of various healthcare benefits as outlined in the plan documentation.

In practice, the Health and Welfare Fund offers a comprehensive range of benefits to those who qualify. These benefits encompass health care, prescription drugs, life, accidental death and dismemberment, dental, disability, and vision services. By providing these essential benefits, the Fund plays a vital role in ensuring the well-being of its members and their families.

The International Operating Engineers Union 49 Health and Welfare Fund focuses on delivering on its commitment to its members. Its goal is to offer a safety net of health care support, providing peace of mind during times of need. Through the provision of these benefits, the Fund enables its members to focus on their personal and professional lives, secure in the knowledge that they and their loved ones are covered.

In summary, International Operating Engineers Union 49 Health and Welfare Fund is a nonprofit organization that prides itself on its mission to provide comprehensive health care benefits for eligible participants and their dependents. By offering a wide array of services, the Fund brings comfort and security to the lives of its members, enhancing their overall well-being.

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Impact




October, 2024

The International Operating Engineers Union 49 Health and Welfare Fund plays a critical role in providing essential health care and related benefits to eligible members and their families. Through this fund, participants receive comprehensive health care coverage, which includes access to medical services, prescription drugs, and dental care. This support not only enhances the overall well-being of the members but also contributes to their financial stability by mitigating the costs associated with healthcare.

Additionally, the fund offers life insurance, accidental death and dismemberment benefits, and disability coverage, ensuring that members have a safety net in times of need. By providing these benefits, the fund helps maintain a healthier workforce, which can lead to improved productivity and morale among union members. Overall, the fund's impact extends beyond individual health, fostering a sense of security and community among participants and their families.




This information is meant to be a general summary of International Operating Engineers Union 49 Health And 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.

Revenue
$232,318,179 (2022)
Expenses
$252,393,049 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,502,508
  • Program Service Revenue: $226,804,450
  • Gross Receipts: $248,757,760

Assets and Liabilities:

  • Total Assets: $286,515,108
  • Total Liabilities: $5,620,136
  • Net Assets: $280,894,972

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$189,201,965

PARTIC/RETIREE CONTRIB

Revenue

$15,351,250

NON-BARGAINING CONTRIB

Revenue

$12,923,394

PRESCRIPTION DRUG REBATES

Revenue

$8,197,746

SUBROGATION SETTLEMENTS

Revenue

$587,386

Organization Details

Founding Year

1968

Principal Officer

Jason George

Main Address

3001 METRO DRIVE 500, BLOOMINGTON, MN, 55425

NTEE Category

Code: Y40 - Mutual benefit

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