Ibew Local No 150 Welfare Fund

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

EIN: 362327771 ✦ Lansing, MI ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local No 150 Welfare Fund?

Ibew Local No 150 Welfare Fund is a nonprofit organization headquartered at 6525 Centurion Way Unit B in Lansing, Michigan (48917). Their primary focus is to deliver health and welfare benefits to the members and their dependents of IBEW Local 150. By offering these essential services, the Fund strives to enhance the well-being of its community. With approximately 39 employees, they work diligently to ensure the health and welfare of their participants.

Is Ibew Local No 150 Welfare Fund legitimate?

Ibew Local No 150 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local No 150 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: $26,613

For more financial information, click here

What is the mission statement of Ibew Local No 150 Welfare Fund?

The Ibew Local No 150 Welfare Fund is committed to delivering health benefits to its participating members and their families. This mission is encapsulated in its purpose, which is dedicated to providing essential healthcare services. The Fund's role goes beyond mere provision of benefits; it strives to ensure that members and their dependents have access to the healthcare they need for their well-being. The Fund's objective is to promote the health and welfare of its members by offering a comprehensive health benefits package. By doing so, it aims to contribute significantly to the overall quality of life for those it serves. Through its health benefits program, the Ibew Local No 150 Welfare Fund demonstrates its commitment to the well-being of its members, ensuring they have access to the care they require to thrive.

Who is the CEO of Ibew Local No 150 Welfare Fund?

Jeffrey Schwingbeck is the Trustee of Ibew Local No 150 Welfare Fund.

What is the revenue of Ibew Local No 150 Welfare Fund?

Ibew Local No 150 Welfare Fund's revenue in 2022 was $19,036,575.

Who are the executives of Ibew Local No 150 Welfare Fund and what are their salaries?

The average compensation at Ibew Local No 150 Welfare Fund during 2022 was $682. There are 39 employees at Ibew Local No 150 Welfare Fund.


Here are 7 key members and their salaries:


Jeffrey Schwingbeck (Trustee)
  • Compensation: $0
  • Related: $2,688
  • Other: $2,360
Patrick Serzynski (Former Trustee)
  • Compensation: $0
  • Related: $132,747
  • Other: $72,427
Jeffrey Harger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lizabeth Karson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bodeman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Arnone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Smart (Trustee)
  • Compensation: $0
  • Related: $126,263
  • Other: $92,524
Where can I find the form 990 for Ibew Local No 150 Welfare Fund?

Ibew Local No 150 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local No 150 Welfare Fund

Ibew Local No 150 Welfare Fund is a mission-driven organization dedicated to enhancing the health and well-being of its participating members and their families. By providing essential health benefits, this nonprofit ensures the overall wellness and peace of mind for its community.

Established with a clear purpose, the Fund's primary goal is to deliver comprehensive health and welfare services to its IBEW Local 150 members and their dependents. Its commitment to this cause is unwavering, as it strives to improve the quality of life for those it serves.

Through its robust offerings, the Ibew Local No 150 Welfare Fund covers a wide range of health-related needs for its members. The Fund's benefits encompass various aspects of wellness, ensuring that its members have access to the necessary resources for maintaining their physical and mental health. By addressing these needs, the organization fosters a thriving and healthy community, allowing its members to focus on their personal and professional growth.

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Impact




October, 2024

The IBEW Local No 150 Welfare Fund significantly impacts its members and their families by providing essential health and welfare benefits. This support ensures that participants have access to necessary medical care, which can alleviate financial burdens associated with healthcare expenses. By focusing on the well-being of its members, the Fund fosters a sense of security and stability, promoting overall health in the community. This not only benefits individual families but also enhances the workforce by allowing members to focus on their jobs without the worry of healthcare costs. Ultimately, the Welfare Fund plays a crucial role in maintaining the health and welfare of its participating members in Lansing, MI, contributing to a stronger, more resilient community.




This information is meant to be a general summary of Ibew Local No 150 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
$19,036,575 (2022)
Expenses
$19,029,525 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,065,103
  • Program Service Revenue: $17,876,498
  • Gross Receipts: $27,641,151

Assets and Liabilities:

  • Total Assets: $37,972,918
  • Total Liabilities: $2,658,573
  • Net Assets: $35,314,345

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Programs

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

Employer contributions

Revenue

$14,979,817

Member contributions

Revenue

$2,896,681

Organization Details

Founding Year

1956

Principal Officer

Jeffrey Schwingbeck

Main Address

6525 CENTURION WAY UNIT B, LANSING, MI, 48917

NTEE Category

Code: Y40 - Mutual benefit

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