Overview
What is Local No 840 Ibew Group Insurance Plan?
Local No 840 Ibew Group Insurance Plan is a nonprofit organization that provides comprehensive health and insurance benefits to members of the electrical workers industry within its jurisdiction. This includes coverage for hospitalization, surgical procedures, medical care, dental services, vision care, and various health-related benefits. The primary objective of this plan is to ensure the well-being and financial security of its members, thereby serving as a valuable resource and support system in the electrical workers industry within Local 840.
Is Local No 840 Ibew Group Insurance Plan legitimate?
Local No 840 Ibew Group Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local No 840 Ibew Group Insurance Plan 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:
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What is the mission statement of Local No 840 Ibew Group Insurance Plan?
The Local No 840 IBEW Group Insurance Plan is dedicated to providing health and insurance benefits to members of the electrical workers industry within its jurisdiction. Its mission is to ensure the well-being of these individuals by offering group benefits for hospitalization, surgical procedures, medical care, dental services, vision coverage, and various health benefits. The plan aims to safeguard the health and financial security of its members, thereby contributing to their overall well-being.
Who is the CEO of Local No 840 Ibew Group Insurance Plan?
Michael L Davis is the Trustee of Local No 840 Ibew Group Insurance Plan.
What is the revenue of Local No 840 Ibew Group Insurance Plan?
Local No 840 Ibew Group Insurance Plan's revenue in 2022 was $3,485,878.
Who are the executives of Local No 840 Ibew Group Insurance Plan and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $58,746
- Other: $26,656
Where can I find the form 990 for Local No 840 Ibew Group Insurance Plan?
Local No 840 Ibew Group Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local No 840 Ibew Group Insurance Plan
Local No 840 IBEW Group Insurance Plan is committed to providing health and insurance benefits to members of the electrical workers industry within its jurisdiction. This nonprofit organization's mission is centered around extending group benefits that cater to various medical needs, including hospitalization, surgical procedures, and routine medical care. Furthermore, the plan extends coverage to dental and vision care, ensuring comprehensive health benefits for its members. By offering these benefits, Local No 840 IBEW Group Insurance Plan seeks to support and safeguard the wellbeing of its electrical workers industry members.
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Impact
October, 2024
Local No 840 Ibew Group Insurance Plan plays a significant role in supporting the health and well-being of electrical workers within the Local 840 jurisdiction. By providing comprehensive group benefits, including hospitalization, surgical, medical care, dental, vision, and other health benefits, the plan ensures that members have access to essential healthcare services. This not only helps improve the overall health outcomes of the workforce but also promotes financial security by alleviating the burden of medical expenses. The plan's commitment to delivering these benefits fosters a sense of community and mutual support among members, contributing to the stability and quality of life for workers and their families in the Geneva, NY area.
This information is meant to be a general summary of Local No 840 Ibew Group Insurance Plan. 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 2022.
- Investment Income: $2,222
- Program Service Revenue: $3,483,656
- Gross Receipts: $3,485,878
Assets and Liabilities:
- Total Assets: $5,104,195
- Total Liabilities: $79,200
- Net Assets: $5,024,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,386,672
MEMBER SELF-PAY
Revenue
$67,573
PFL/DBL
Revenue
$28,167
COBRA PREMIUMS
Revenue
$1,244
Organization Details
Founding Year
1965
Phone
(315) 789-3330Principal Officer
Michael L Davis
Main Address
PO BOX 851, GENEVA, NY, 144560851
NTEE Category
Code: Y43 - Mutual benefit
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