Ibew Electrial Workers General Welfare Fund

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

EIN: 362951116 ✦ Warrenville, IL ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Electrial Workers General Welfare Fund?

The IBEW Electrical Workers General Welfare Fund is a nonprofit organization based in Warrenville, Illinois. Its primary mission is to offer health benefits and insurance coverage to eligible participants. The comprehensive coverage includes hospital services, vision care, dental plans, disability protection, as well as life and accidental death and dismemberment insurance. This fund is dedicated to enhancing the wellbeing of its members by addressing their diverse health needs.

Is Ibew Electrial Workers General Welfare Fund legitimate?

Ibew Electrial Workers General Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Electrial Workers General 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: $24,662
Professional Fundraising Fees: $0
Other Salaries and Wages: $765,330

For more financial information, click here

What is the mission statement of Ibew Electrial Workers General Welfare Fund?

The IBEW Electrical Workers General Welfare Fund serves to extend health and insurance benefits to eligible individuals. This welfare fund offers coverage in various areas including hospital services, vision care, dental care, disability, life insurance, and accidental death and dismemberment insurance. By providing these benefits, the fund aims to ensure the wellbeing and security of its participants.

Who is the CEO of Ibew Electrial Workers General Welfare Fund?

Sharon Cattaneo is the Trustee of Ibew Electrial Workers General Welfare Fund.

What is the revenue of Ibew Electrial Workers General Welfare Fund?

Ibew Electrial Workers General Welfare Fund's revenue in 2022 was $40,331,869.

Who are the executives of Ibew Electrial Workers General Welfare Fund and what are their salaries?

The average compensation at Ibew Electrial Workers General Welfare Fund during 2022 was $11,286. There are 70 employees at Ibew Electrial Workers General Welfare Fund.


Here are 13 key members and their salaries:


Sharon Cattaneo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcdonnell (Trustee)
  • Compensation: $3,678
  • Related: $0
  • Other: $2,996
Anthony Mulizio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Furco (Trustee)
  • Compensation: $0
  • Related: $153,327
  • Other: $113,773
William Drew (Trustee)
  • Compensation: $2,953
  • Related: $5,211
  • Other: $2,574
Kevin Connelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Panatera (Trustee)
  • Compensation: $3,382
  • Related: $2,035
  • Other: $2,817
Anthony Giunti (Trustee)
  • Compensation: $0
  • Related: $147,665
  • Other: $109,322
Giuseppe Muzzupappa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Creen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis Sikora (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Benson (Asst Administrator)
  • Compensation: $123,924
  • Related: $3,002
  • Other: $82,176
Terry Musto (Fund Administrator)
  • Compensation: $203,161
  • Related: $0
  • Other: $36,383
Where can I find the form 990 for Ibew Electrial Workers General Welfare Fund?

Ibew Electrial Workers General Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Electrial Workers General Welfare Fund

The IBEW Electrical Workers General Welfare Fund is a notable organization dedicated to extending health and insurance benefits to eligible participants. In essence, the Fund serves as a vital safety net, offering essential coverage in areas such as hospitalization, vision, dental care, disability, life insurance, and accidental death and dismemberment.

Established to make a tangible difference in people's lives, the IBEW Electrical Workers General Welfare Fund prides itself on providing comprehensive health and insurance solutions. Its mission is to ensure that eligible individuals are granted access to top-tier medical support and financial security, ultimately fostering peace of mind and stability.

By offering a comprehensive package of coverage, the IBEW Electrical Workers General Welfare Fund empowers its members to face life's uncertainties with confidence. Through its extensive range of benefits, the organization plays a pivotal role in securing the well-being of those it serves, enabling them to focus on what truly matters - their health and their future.

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Impact




October, 2024

The IBEW Electrical Workers General Welfare Fund significantly enhances the well-being of eligible participants by providing a comprehensive range of health benefits. By offering crucial services such as hospital coverage, vision and dental care, and disability insurance, the fund plays a vital role in ensuring the health and financial security of electrical workers and their families. Additionally, the inclusion of life insurance and accidental death and dismemberment coverage provides peace of mind, safeguarding against unforeseen circumstances. Located in Warrenville, IL, the fund embodies a commitment to mutual benefit, supporting the health and welfare of its members and contributing to their overall quality of life.




This information is meant to be a general summary of Ibew Electrial Workers General 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
$40,331,869 (2022)
Expenses
$37,202,125 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,157,926
  • Program Service Revenue: $35,572,090
  • Gross Receipts: $43,421,535

Assets and Liabilities:

  • Total Assets: $73,034,373
  • Total Liabilities: $18,386,766
  • Net Assets: $54,647,607

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$31,271,899

RETIRED PARTICIPANT CONTRB

Revenue

$4,080,746

ACTIVE PARTICIPANT CONTRIB

Revenue

$219,445

Organization Details

Founding Year

1976

Principal Officer

Sharon Cattaneo

Main Address

28600 BELLA VISTA PARKWAY 1110, WARRENVILLE, IL, 60555

NTEE Category

Code: Y40 - Mutual benefit

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