Overview
What is General Employees Trust Fund?
The General Employees Trust Fund is a nonprofit organization based in Brisbane, California, specifically located at 1000 Marina Blvd Ste 400. It functions as a multiemployer welfare benefit plan, meaning that multiple employers contribute to the fund to provide health coverage for their employees. The primary mission of this trust fund is to ensure participants receive essential health benefits. This organization plays a crucial role in facilitating healthcare access for a collective workforce by pooling resources from various employers.
Is General Employees Trust Fund legitimate?
General Employees Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. General Employees Trust 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: $103,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of General Employees Trust Fund?
The General Employees Trust Fund serves as a multiemployer welfare benefit plan, with a mission to offer health coverage to its participants. Employers contribute on behalf of their staff members, enabling the plan to provide this essential benefit. By doing so, the Trust Fund aims to enhance the wellbeing and health security of the participants. The organization's primary goal is to ensure access to comprehensive health coverage for a diverse group of individuals, bolstering their overall quality of life. Employers' contributions enable the Trust Fund to maintain and administer the health coverage program, providing peace of mind and financial assistance to its members. Through its commitment to health coverage, the General Employees Trust Fund plays a critical role in ensuring the wellbeing of its participants.
Who is the CEO of General Employees Trust Fund?
Mark Sharwood is the Union Trustee of General Employees Trust Fund.
What is the revenue of General Employees Trust Fund?
General Employees Trust Fund's revenue in 2023 was $196,341,580.
Who are the executives of General Employees Trust Fund and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 General Employees Trust Fund?
General Employees Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of General Employees Trust Fund
The General Employees Trust Fund is a multiemployer welfare benefit plan that plays a crucial role in providing health coverage to its participating members. Employers contribute on behalf of their workers to ensure they have access to this essential benefit. This nonprofit organization's mission is to extend health coverage to those it serves, with employers' financial support.
The General Employees Trust Fund's primary goal is to bridge the gap in healthcare access for its participants. By pooling resources from various employers, the organization is able to offer comprehensive and affordable health coverage. This collective effort enables workers to secure health benefits that they might not otherwise be able to obtain. Ultimately, the Trust Fund's mission is to safeguard the health and well-being of the individuals it serves by facilitating their access to essential healthcare services.
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Impact
October, 2024
The General Employees Trust Fund plays a significant role in providing health coverage to participants through contributions made by their employers. By functioning as a multiemployer welfare benefit plan, it ensures that employees receive essential health benefits, which can lead to improved health outcomes and financial stability for them and their families.
Operating out of Brisbane, CA, the Trust Fund supports a diverse range of participants, emphasizing collective efforts between multiple employers to offer comprehensive healthcare solutions. This collaborative model not only enhances the accessibility of healthcare services for employees but also promotes mutual benefit principles among employers by sharing the responsibilities and costs associated with health coverage.
The impact of the General Employees Trust Fund can be seen in its ability to foster a healthier workforce, reduce absenteeism, and improve job satisfaction among participants, ultimately benefiting both employees and employers as a whole. By facilitating reliable health coverage, the Trust Fund enhances economic security and contributes positively to the overall well-being of the community it serves.
This information is meant to be a general summary of General Employees Trust 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: $2,131,815
- Program Service Revenue: $193,217,613
- Gross Receipts: $225,227,970
Assets and Liabilities:
- Total Assets: $161,012,277
- Total Liabilities: $42,924,567
- Net Assets: $118,087,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$193,093,962
PARTICIPANT CONTRIBUTIONS
Revenue
$123,651
Organization Details
Founding Year
1973
Phone
(650) 570-7300Principal Officer
Mark Sharwood
Main Address
1000 MARINA BLVD STE 400, BRISBANE, CA, 94005
NTEE Category
Code: Y40 - Mutual benefit
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