Ibew Local 129 Health & Welfare Fund

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

EIN: 346608616 ✦ Lorain, OH ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local 129 Health & Welfare Fund?

The IBEW Local 129 Health & Welfare Fund is a nonprofit organization, specifically a fund, dedicated to offering various health and welfare benefits to its members associated with the International Brotherhood of Electrical Workers (IBEW). These benefits encompass life insurance, accidental death and dismemberment coverage, weekly hospitalization indemnity, surgical, medical services, and additional assistance. The primary mission of this fund is to enhance the well-being of its members by providing them with comprehensive healthcare support.

Is Ibew Local 129 Health & Welfare Fund legitimate?

Ibew Local 129 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 129 Health & 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ibew Local 129 Health & Welfare Fund?

The IBEW Local 129 Health and Welfare Fund serves to provide various health and welfare benefits to its member union workers. This fund offers life insurance, accidental death and dismemberment coverage, weekly indemnity hospitalization, surgical, medical, and other related benefits to its union members. The primary aim of this fund is to ensure the well-being and protection of its members in different health-related aspects.

Who is the CEO of Ibew Local 129 Health & Welfare Fund?

George Buhalis is the Chairman of Ibew Local 129 Health & Welfare Fund.

What is the revenue of Ibew Local 129 Health & Welfare Fund?

Ibew Local 129 Health & Welfare Fund's revenue in 2022 was $5,290,595.

Who are the executives of Ibew Local 129 Health & Welfare Fund and what are their salaries?


Here are 6 key members and their salaries:


Timothy Koperdak (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Rangus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Russelle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Schueszler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Shreves (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wachholz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ibew Local 129 Health & Welfare Fund?

Ibew Local 129 Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 129 Health & Welfare Fund

The IBEW Local 129 Health & Welfare Fund is an organization dedicated to providing a range of health and welfare benefits to its members. This nonprofit fund serves the purpose of offering life insurance, accidental death and dismemberment coverage, weekly indemnity hospitalization, surgical, medical, and other necessary benefits to individuals who are part of the International Brotherhood of Electrical Workers (IBEW) Local 129. The IBEW Local 129 Health & Welfare Fund is committed to enhancing the well-being and security of its members, ensuring they have access to essential healthcare services and financial support during challenging times.

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Impact




October, 2024

The IBEW Local 129 Health & Welfare Fund plays a crucial role in enhancing the well-being of its members by providing a comprehensive range of health and welfare benefits. By offering essential services such as life insurance, accidental death and dismemberment coverage, and weekly indemnity for hospitalization, the fund significantly alleviates the financial burdens that members might face during difficult times.

Members have access to vital medical services, including surgical and other medical benefits, ensuring that their health care needs are addressed. This support empowers members to focus on their work and families, knowing they have a safety net in place. Overall, the fund fosters a sense of security and stability among the IBEW Local 129 community in Lorain, Ohio, promoting both physical health and financial peace of mind.




This information is meant to be a general summary of Ibew Local 129 Health & 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.

Revenue
$5,290,595 (2022)
Expenses
$5,702,342 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$127,841
  • Gross Receipts: $5,290,595

Assets and Liabilities:

  • Total Assets: $4,243,235
  • Total Liabilities: $260,923
  • Net Assets: $3,982,312

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Organization Details

Founding Year

1963

Principal Officer

George Buhalis

Main Address

2235 WEST PARK DRIVE SUITE B, LORAIN, OH, 44053

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