Overview
What is Canton Electrical Welfare Fund?
The Canton Electrical Welfare Fund is a nonprofit organization situated in Canfield, Ohio. Its primary mission is to extend medical, vision, dental, disability, life insurance, and accidental death and dismemberment benefits to eligible members of IBEW Local Union 540 and their families. Established with a dedicated team of 24 individuals, this organization serves to ensure the well-being of its members by offering an extensive range of insurance benefits, thereby providing them with peace of mind and financial security.
Is Canton Electrical Welfare Fund legitimate?
Canton Electrical Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Canton Electrical 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: $935
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Canton Electrical Welfare Fund?
The Canton Electrical Welfare Fund's mission is to extend medical, vision, dental, disability, life insurance, and accidental death and dismemberment benefits to eligible members of IBEW Local Union 540 and their families. The organization's primary objective is to provide these essential benefits, ensuring the wellbeing and protection of its members and their families. By offering these benefits, the Canton Electrical Welfare Fund aims to support its members in maintaining their health and financial security.
Who is the CEO of Canton Electrical Welfare Fund?
Erik Hann is the Trustee of Canton Electrical Welfare Fund.
What is the revenue of Canton Electrical Welfare Fund?
Canton Electrical Welfare Fund's revenue in 2022 was $9,839,422.
Who are the executives of Canton Electrical Welfare Fund and what are their salaries?
The average compensation at Canton Electrical Welfare Fund during 2022 was $39. There are 24 employees at Canton Electrical Welfare Fund.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $935
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Canton Electrical Welfare Fund?
Canton Electrical Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canton Electrical Welfare Fund
The Canton Electrical Welfare Fund is committed to extending various insurance benefits to eligible members of IBEW 540 and their families. This nonprofit organization provides medical, dental, vision, disability, life insurance, and accidental death and dismemberment coverage to its members, ensuring they have access to essential healthcare services and financial protection during challenging times. By offering these benefits, the Canton Electrical Welfare Fund aims to support the well-being and security of its members and their families, fostering a sense of community and stability within the IBEW Local Union 540.
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Impact
October, 2024
Canton Electrical Welfare Fund plays a crucial role in enhancing the well-being of IBEW 540 members and their families by providing essential benefits. By offering medical, vision, and dental coverage, it ensures that eligible individuals have access to necessary healthcare services, which can significantly improve their quality of life. The fund also provides disability benefits, giving members financial security in the event of an unforeseen circumstance that prevents them from working. Additionally, life insurance and accidental death and dismemberment benefits offer peace of mind to members and their families, knowing they are protected in critical situations. Overall, the Canton Electrical Welfare Fund fosters a supportive community focused on the health and safety of its members, reinforcing their commitment to mutual benefit and care.
This information is meant to be a general summary of Canton Electrical 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $408,481
- Program Service Revenue: $9,423,691
- Gross Receipts: $9,848,922
Assets and Liabilities:
- Total Assets: $19,585,337
- Total Liabilities: $218,804
- Net Assets: $19,366,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$7,207,197
PARTICIPANT CONTRIBUTIONS
Revenue
$1,175,946
OFFICE AND SALARY
Revenue
$1,040,548
Organization Details
Founding Year
1965
Phone
(330) 270-0453Principal Officer
Erik Hann
Main Address
3660 STUTZ DRIVE, CANFIELD, OH, 44406
NTEE Category
Code: Y40 - Mutual benefit
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