The Ibew Local 1377 Eligible Ford Retirees Veba Trust

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

EIN: 266885036 ✦ Brunswick, OH ✦ Designated as a 501(c)(9)

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Overview

What is The Ibew Local 1377 Eligible Ford Retirees Veba Trust?

The Ibew Local 1377 Eligible Ford Retirees Veba Trust is a charitable organization based in Brunswick, Ohio, specifically at 3955 Center Road Mail Box 65. Its primary mission is to support eligible members of IBEW Local Union 1377 by covering certain health insurance premiums, vision, dental, prescription drug, and health benefit claim payments. This nonprofit is dedicated to enhancing the well-being and health care access of its recipients, providing them with essential coverage and claim payments.

Is The Ibew Local 1377 Eligible Ford Retirees Veba Trust legitimate?

The Ibew Local 1377 Eligible Ford Retirees Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Ibew Local 1377 Eligible Ford Retirees Veba Trust 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: $1,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Ibew Local 1377 Eligible Ford Retirees Veba Trust?

The Ibew Local 1377 Eligible Ford Retirees Veba Trust is committed to providing certain health insurance premiums, vision, dental, prescription drug, and health benefit claim payments to eligible members of the IBEW Local Union 1377. This trust aims to support the health and well-being of its members by covering essential healthcare expenses. It serves as a safety net, ensuring that eligible retirees have access to necessary medical services. The trust's activities are centered around facilitating healthcare payments, thereby providing peace of mind and financial assistance to its beneficiaries.

Who is the CEO of The Ibew Local 1377 Eligible Ford Retirees Veba Trust?

James Kravec is the Committee of The Ibew Local 1377 Eligible Ford Retirees Veba Trust.

What is the revenue of The Ibew Local 1377 Eligible Ford Retirees Veba Trust?

The Ibew Local 1377 Eligible Ford Retirees Veba Trust's revenue in 2022 was $1,324,934.

Who are the executives of The Ibew Local 1377 Eligible Ford Retirees Veba Trust and what are their salaries?

There 7 volunteers at The Ibew Local 1377 Eligible Ford Retirees Veba Trust.


Here are 7 key members and their salaries:


Mark Hullman (Committee)
  • Compensation: $800
  • Related: $0
  • Other: $0
David Oldham (Committee)
  • Compensation: $800
  • Related: $0
  • Other: $0
Dennis Hoert (Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Martin Jindra (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Koesel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Kravec (Trustee/Plan)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Sholtis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Ibew Local 1377 Eligible Ford Retirees Veba Trust?

The Ibew Local 1377 Eligible Ford Retirees Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Ibew Local 1377 Eligible Ford Retirees Veba Trust

The Ibew Local 1377 Eligible Ford Retirees Veba Trust is dedicated to providing essential health benefits to eligible members of IBEW Local Union 1377. This nonprofit organization offers support in the form of health insurance premiums, vision coverage, dental care, prescription drug payments, and health benefit claim payments. By fulfilling these needs, the Trust aims to enhance the well-being of its eligible members, ensuring they have access to essential healthcare services. The Trust's mission is to act as a safety net, providing financial assistance in healthcare-related expenses, thereby contributing to the overall health and well-being of its members.

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Impact




October, 2024

The Ibew Local 1377 Eligible Ford Retirees VEBA Trust plays a crucial role in supporting eligible members of the IBEW Local Union 1377 by providing financial assistance for essential health-related expenses. This trust ensures that retirees have access to health insurance premiums, vision, dental, and prescription drug coverage, along with health benefit claim payments.

By alleviating the financial burden associated with healthcare costs, the VEBA Trust enhances the quality of life for retirees, allowing them to focus on their well-being. The availability of these benefits can also contribute to overall health outcomes, as members are more likely to seek necessary medical care without the added stress of high out-of-pocket expenses. Thus, the VEBA Trust significantly impacts the lives of eligible retirees by promoting their health security and financial stability in retirement.




This information is meant to be a general summary of The Ibew Local 1377 Eligible Ford Retirees Veba Trust. 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
$1,324,934 (2022)
Expenses
$1,834,574 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $948,292
  • Program Service Revenue: $376,642
  • Gross Receipts: $2,112,998

Assets and Liabilities:

  • Total Assets: $33,952,176
  • Total Liabilities: $56,000
  • Net Assets: $33,896,176

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Programs

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

INDIVIDUAL PREMIUM PAYMENTS

Revenue

$376,642

Organization Details

Founding Year

2009

Principal Officer

James Kravec

Main Address

3955 CENTER ROAD MAIL BOX 65, BRUNSWICK, OH, 44212

NTEE Category

Code: Y44 - Mutual benefit

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