Local 309 Electrical Health And Welfare Fund

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

EIN: 376039515 ✦ Collinsville, IL ✦ Designated as a 501(c)(9)

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Overview

What is Local 309 Electrical Health And Welfare Fund?

The Local 309 Electrical Health and Welfare Fund is a nonprofit organization situated in Collinsville, Illinois. Their primary objective is to offer comprehensive health and welfare benefits to eligible members and their dependents. This encompasses medical, pharmacy, life, death, disability, vision, and dental care. With a dedicated workforce of 39 individuals, they strive to ensure the well-being of their members, providing them with essential healthcare services.

Is Local 309 Electrical Health And Welfare Fund legitimate?

Local 309 Electrical Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 309 Electrical Health And 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: $221,733

For more financial information, click here

What is the mission statement of Local 309 Electrical Health And Welfare Fund?

The Local 309 Electrical Health and Welfare Fund is committed to providing health and welfare benefits to eligible members and their dependents. This organization ensures the availability of comprehensive medical, pharmacy, life, death, disability, vision, and dental care benefits for its members and their families. The primary objective of the Fund is to enhance the overall well-being and health of its members, offering them essential health coverage.

Who is the CEO of Local 309 Electrical Health And Welfare Fund?

Matthew Eichholz is the Trustee of Local 309 Electrical Health And Welfare Fund.

What is the revenue of Local 309 Electrical Health And Welfare Fund?

Local 309 Electrical Health And Welfare Fund's revenue in 2022 was $10,690,163.

Who are the executives of Local 309 Electrical Health And Welfare Fund and what are their salaries?

The average compensation at Local 309 Electrical Health And Welfare Fund during 2022 was $5,685. There are 39 employees at Local 309 Electrical Health And Welfare Fund.


Here are 6 key members and their salaries:


Chris Hankins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Eichholz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Busch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom O'Hara (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Serbousek (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Stuart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Local 309 Electrical Health And Welfare Fund?

Local 309 Electrical Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 309 Electrical Health And Welfare Fund

The Local 309 Electrical Health and Welfare Fund is dedicated to providing health and welfare benefits to eligible members and their dependents. This nonprofit organization offers a comprehensive range of benefits, including medical, pharmacy, life, death, disability, vision, and dental care. The mission of Local 309 Electrical Health and Welfare Fund is to ensure that its members and their families have access to the necessary healthcare services they require, thereby enhancing their overall well-being. By providing these benefits, the fund aims to alleviate the financial burden associated with healthcare expenses, enabling its members to focus on their health and quality of life.

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Impact




October, 2024

Local 309 Electrical Health and Welfare Fund significantly enhances the well-being of eligible members and their dependents by providing essential health and welfare benefits. By offering comprehensive medical, pharmacy, life, death, disability, vision, and dental care benefits, the Fund ensures that members have access to critical resources for their health needs. This support not only contributes to individual and family health stability but also promotes a sense of security and community among members in Collinsville, IL and beyond. The Fund's mission underscores its commitment to mutual benefit, fostering a healthier workforce and enhancing the quality of life for those it serves.




This information is meant to be a general summary of Local 309 Electrical Health And 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
$10,690,163 (2022)
Expenses
$12,629,568 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$2,940
  • Program Service Revenue: $10,640,320
  • Gross Receipts: $16,135,888

Assets and Liabilities:

  • Total Assets: $23,842,725
  • Total Liabilities: $335,330
  • Net Assets: $23,507,395

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$9,118,086

RECIPROCITY INCOME

Revenue

$1,505,973

EMPLOYEE CONTRIBUTIONS

Revenue

$1,461,298

RECIPROCITY EXPENSE

Revenue

-$1,445,037

Organization Details

Founding Year

1952

Principal Officer

Matthew Eichholz

Main Address

2000A MALL STREET STE A, COLLINSVILLE, IL, 62234

NTEE Category

Code: Y40 - Mutual benefit

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