Overview
What is Employers & Operating Engineers Local 520 Health & Welfare Fund?
Employers & Operating Engineers Local 520 Health & Welfare Fund is a nonprofit organization based in Swansea, Illinois, with an address at 8 Executive Woods Court. The primary mission of this fund is to provide health benefits to its members as per the collective bargaining agreement. The organization offers various medical claims, including insurance premiums and death benefits. The total number of employees at the fund is seven.
Is Employers & Operating Engineers Local 520 Health & Welfare Fund legitimate?
Employers & Operating Engineers Local 520 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employers & Operating Engineers Local 520 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: $305,728
For more financial information, click here
What is the mission statement of Employers & Operating Engineers Local 520 Health & Welfare Fund?
The Employers & Operating Engineers Local 520 Health & Welfare Fund is dedicated to delivering health benefits to its members as outlined in their collective bargaining agreement. This mission is carried out by providing various medical claims, which encompass insurance premiums and death benefits. The Fund's primary goal is to ensure that its members have access to essential health care services, working in collaboration with the bargaining agreement. By offering comprehensive health benefits, the Fund strives to improve the overall wellbeing and quality of life for its members and their families. Through its commitment to providing health benefits, the Fund plays a vital role in supporting the wellness and security of its membership.
Who is the CEO of Employers & Operating Engineers Local 520 Health & Welfare Fund?
Mark Johnson is the Chairman of Employers & Operating Engineers Local 520 Health & Welfare Fund.
What is the revenue of Employers & Operating Engineers Local 520 Health & Welfare Fund?
Employers & Operating Engineers Local 520 Health & Welfare Fund's revenue in 2022 was $23,298,805.
Who are the executives of Employers & Operating Engineers Local 520 Health & Welfare Fund and what are their salaries?
The average compensation at Employers & Operating Engineers Local 520 Health & Welfare Fund during 2022 was $43,675. There are 7 employees at Employers & Operating Engineers Local 520 Health & Welfare Fund.
Here are 7 key members and their salaries:
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- Compensation: $102,000
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- Other: $0
Where can I find the form 990 for Employers & Operating Engineers Local 520 Health & Welfare Fund?
Employers & Operating Engineers Local 520 Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Employers & Operating Engineers Local 520 Health & Welfare Fund
Employers & Operating Engineers Local 520 Health & Welfare Fund, a crucial nonprofit organization, is dedicated to delivering health benefits to its members as outlined in their collective bargaining agreement. The mission of this fund is to ensure that the working members of the union have access to essential medical coverage and support.
The fund's primary activity revolves around processing various medical claims, including insurance premiums and providing death benefits to qualifying members. In doing so, Employers & Operating Engineers Local 520 Health & Welfare Fund plays a vital role in safeguarding the wellbeing of its members and their families. By offering these benefits, the organization alleviates the financial burden of healthcare costs for its members, allowing them to focus on their work and personal lives.
In providing health benefits, Employers & Operating Engineers Local 520 Health & Welfare Fund demonstrates its commitment to the well-being and welfare of its union members. The fund's crucial role in the collective bargaining agreement not only offers peace of mind for members but also contributes to a healthier and more productive workforce.
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Impact
October, 2024
Employers & Operating Engineers Local 520 Health & Welfare Fund plays a crucial role in providing health benefits to its members, ensuring access to essential medical services as outlined in collective bargaining agreements. This fund addresses a wide range of medical claims, including insurance premiums and death benefits, thereby offering vital financial support to members and their families in times of need. Located in Swansea, Illinois, the fund enhances the well-being of labor union members by alleviating healthcare costs and providing peace of mind, which in turn fosters a more resilient and secure community. Through its commitment to mutual benefit, the fund contributes significantly to the overall health and stability of its members, allowing them to focus on their work and personal lives with greater assurance regarding their healthcare needs.
This information is meant to be a general summary of Employers & Operating Engineers Local 520 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $719,787
- Program Service Revenue: $22,513,467
- Gross Receipts: $35,051,734
Assets and Liabilities:
- Total Assets: $50,739,603
- Total Liabilities: $15,567,826
- Net Assets: $35,171,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$19,269,486
EMPLOYEE CONTRIBUTIONS
Revenue
$3,195,321
PENALTIES
Revenue
$48,660
Organization Details
Founding Year
1962
Phone
(618) 233-7978Principal Officer
Mark Johnson
Main Address
8 EXECUTIVE WOODS COURT, SWANSEA, IL, 62226
NTEE Category
Code: Y40 - Mutual benefit
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