Electricians Welfare Fund-No 81

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

EIN: 246021365 ✦ Scranton, PA ✦ Designated as a 501(c)(9)

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Overview

What is Electricians Welfare Fund-No 81?

Electricians Welfare Fund-No 81, based in Scranton, Pennsylvania, is a nonprofit organization affiliated with the International Brotherhood of Electrical Workers, Local Union #81. The primary mission of this welfare fund is to offer welfare benefits to its eligible members, including support during periods of sickness, hospitalization, disability, and even in the event of death. This safety net is organized and managed separately from the union itself, with a dedicated focus on providing essential aid to its affiliated electrical workers.

Is Electricians Welfare Fund-No 81 legitimate?

Electricians Welfare Fund-No 81 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electricians Welfare Fund-No 81 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 Electricians Welfare Fund-No 81?

The Electricians Welfare Fund-No 81, affiliated with the International Brotherhood of Electrical Workers, aims to provide welfare benefits to its eligible members. Operating independently, this welfare fund offers assistance in the event of death, sickness, hospitalization, and disability. The primary objective is to support its members during challenging times, ensuring they receive the necessary care and financial aid.

Who is the CEO of Electricians Welfare Fund-No 81?

Michael Mcdermott is the Union Trustee (To February 2022) of Electricians Welfare Fund-No 81.

What is the revenue of Electricians Welfare Fund-No 81?

Electricians Welfare Fund-No 81's revenue in 2022 was $8,238,937.

Who are the executives of Electricians Welfare Fund-No 81 and what are their salaries?


Here are 7 key members and their salaries:


Michael Brust Jr (Union Trustee (To February 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcdermott (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward O'Donnell (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Nichols (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Lesniak (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Walsh Jr (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Harding (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Electricians Welfare Fund-No 81?

Electricians Welfare Fund-No 81's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Electricians Welfare Fund-No 81

Electricians Welfare Fund-No 81, an entity affiliated with the International Brotherhood of Electrical Workers, Local Union #81, is committed to offering welfare benefits to its eligible members. Operating through a separately organized welfare fund, this organization provides vital support during challenging times, extending aid in the event of death, sickness, hospitalization, and disability. By doing so, Electricians Welfare Fund-No 81 plays a significant role in easing the burdens faced by its members, ensuring they can navigate through hardships with some financial assistance and peace of mind.

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Impact




October, 2024

Electricians Welfare Fund-No 81 plays a vital role in enhancing the quality of life for its members through comprehensive welfare benefits. By providing support during critical times, such as death, sickness, hospitalization, and disability, the fund serves as a safety net for practicing electricians. This assistance helps members navigate financial challenges associated with health-related issues, promoting overall well-being and stability within the workforce.

Operating from Scranton, Pennsylvania, and affiliated with the International Brotherhood of Electrical Workers, Local Union #81, the fund reinforces the importance of mutual support among electricians. By pooling resources, members can access necessary benefits that might otherwise be out of reach, fostering a sense of community and solidarity. Ultimately, Electricians Welfare Fund-No 81 contributes significantly to the financial and emotional security of its eligible members, enabling them to focus on their work with peace of mind.




This information is meant to be a general summary of Electricians Welfare Fund-No 81. 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
$8,238,937 (2022)
Expenses
$8,124,886 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $542,303
  • Program Service Revenue: $7,696,634
  • Gross Receipts: $11,542,871

Assets and Liabilities:

  • Total Assets: $15,969,478
  • Total Liabilities: $101,007
  • Net Assets: $15,868,471

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Programs

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

CONTRIBUTIONS (CONTRACT

Revenue

$7,655,068

CONTRIBUTIONS (SELF-PAY

Revenue

$41,566

Organization Details

Founding Year

1954

Principal Officer

Michael Mcdermott

Main Address

431 WYOMING AVENUE, SCRANTON, PA, 18503

NTEE Category

Code: Y40 - Mutual benefit

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