Local Union 704 Ibew Health And Welfare Fund

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

EIN: 237181744 ✦ Moline, IL ✦ Designated as a 501(c)(9)

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Overview

What is Local Union 704 Ibew Health And Welfare Fund?

The Local Union 704 IBEW Health and Welfare Fund is a nonprofit organization dedicated to offering health and welfare benefits to its eligible participants and their dependents. This includes covering various aspects such as medical, dental, vision, life, and loss of time benefits. The fund's mission is to enhance the well-being of its members by providing these essential services.

Is Local Union 704 Ibew Health And Welfare Fund legitimate?

Local Union 704 Ibew Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local Union 704 Ibew 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: $0

For more financial information, click here

What is the mission statement of Local Union 704 Ibew Health And Welfare Fund?

The Local Union 704 IBEW Health and Welfare Fund is committed to offering health and welfare benefits to eligible participants and their dependents. This encompasses various services such as medical, dental, vision, life, and loss of time benefits. The primary objective of this fund is to ensure the well-being of its members by providing them with essential healthcare benefits. The fund strives to cater to the healthcare needs of its participants, enhancing their overall quality of life.

Who is the CEO of Local Union 704 Ibew Health And Welfare Fund?

Ronald Thielen is the Trustee of Local Union 704 Ibew Health And Welfare Fund.

What is the revenue of Local Union 704 Ibew Health And Welfare Fund?

Local Union 704 Ibew Health And Welfare Fund's revenue in 2023 was $2,517,538.

Who are the executives of Local Union 704 Ibew Health And Welfare Fund and what are their salaries?

There are 7 employees at Local Union 704 Ibew Health And Welfare Fund.


Here are 7 key members and their salaries:


Ronald Thielen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Genthe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Elliot (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Townsend (Trustee)
  • Compensation: $0
  • Related: $91,023
  • Other: $39,648
Matt Michels (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Pins (Trustee)
  • Compensation: $0
  • Related: $899
  • Other: $414
James Vormezeele (Trustee)
  • Compensation: $0
  • Related: $1,497
  • Other: $697
Where can I find the form 990 for Local Union 704 Ibew Health And Welfare Fund?

Local Union 704 Ibew Health And Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Local Union 704 Ibew Health And Welfare Fund

The Local Union 704 IBEW Health and Welfare Fund is an organization dedicated to providing health and welfare benefits to eligible individuals and their dependents. This nonprofit entity focuses on offering a range of benefits, including medical, dental, vision, life, and loss of time coverage. By offering these services, the Local Union 704 IBEW Health and Welfare Fund aims to support the well-being of its participants and their families, ensuring they have access to necessary medical care and financial assistance during times of need.

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Impact




October, 2024

Local Union 704 IBEW Health and Welfare Fund plays a significant role in enhancing the well-being of its participants and their families. By providing comprehensive health and welfare benefits, including medical, dental, vision, and life insurance, the Fund ensures that eligible members have access to essential healthcare services. This support extends beyond just health; it also includes loss of time benefits, which can help individuals manage financial challenges during periods of illness or recovery.

Located in Moline, IL, the Fund serves as a crucial resource for local union members, fostering a sense of security and peace of mind. By delivering these vital benefits, Local Union 704 IBEW Health and Welfare Fund not only supports the immediate health needs of its participants but also contributes to their overall quality of life and financial stability.




This information is meant to be a general summary of Local Union 704 Ibew 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
$2,517,538 (2023)
Expenses
$2,217,204 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $50,563
  • Program Service Revenue: $2,466,975
  • Gross Receipts: $2,852,571

Assets and Liabilities:

  • Total Assets: $6,223,380
  • Total Liabilities: $3,576,987
  • Net Assets: $2,646,393

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$2,312,761

PARTICIPANT CONTRIBUTI

Revenue

$154,214

Organization Details

Founding Year

1959

Principal Officer

Ronald Thielen

Main Address

1700 52ND AVENUE B, MOLINE, IL, 61265

NTEE Category

Code: Y40 - Mutual benefit

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