Overview
What is Electrical Workers' Insurance Fund?
The Electrical Workers' Insurance Fund is a nonprofit organization founded through collective bargaining between IBEW Local 58 and SMC NECA. Its mission is to offer health insurance coverage to member electricians and their families. With over 5,500 participating members and 6,500 beneficiaries and dependents, the Fund provides essential health benefits to a significant community. Based in Michigan, the organization has a team of 14 dedicated employees managing its operations.
Official website here: www.ewjbt.org
Is Electrical Workers' Insurance Fund legitimate?
Electrical Workers' Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Workers' Insurance 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: $273,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,079,842
For more financial information, click here
Official website here: www.ewjbt.org
What is the mission statement of Electrical Workers' Insurance Fund?
The Electrical Workers' Insurance Fund was established as a result of collective bargaining between IBEW Local 58 and SMC NECA. Its primary mission is to extend health insurance coverage to electricians who are members of IBEW Local 58 and their families. Currently, over 5,500 participants and 6,500 beneficiaries and dependents derive benefits from this fund. In essence, the Fund aims to ensure that eligible electricians and their families have access to essential health benefits.
Official website here: www.ewjbt.org
Who is the CEO of Electrical Workers' Insurance Fund?
E Craig Young is the Trustee of Electrical Workers' Insurance Fund.
Official website here: www.ewjbt.org
What is the revenue of Electrical Workers' Insurance Fund?
Electrical Workers' Insurance Fund's revenue in 2022 was $68,169,519.
Official website here: www.ewjbt.org
Who are the executives of Electrical Workers' Insurance Fund and what are their salaries?
The average compensation at Electrical Workers' Insurance Fund during 2022 was $96,690. There are 14 employees at Electrical Workers' Insurance Fund.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $288,900
- Other: $58,955
- Compensation: $273,812
- Related: $0
- Other: $52,739
- Compensation: $123,750
- Related: $0
- Other: $52,739
- Compensation: $121,500
- Related: $0
- Other: $52,739
- Compensation: $0
- Related: $103,266
- Other: $52,739
- Compensation: $0
- Related: $66,830
- Other: $32,291
- Compensation: $0
- Related: $10,435
- Other: $5,184
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ewjbt.org
Where can I find the form 990 for Electrical Workers' Insurance Fund?
Electrical Workers' Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ewjbt.org
Learn more at the official website: www.ewjbt.org
Mission Statement of Electrical Workers' Insurance Fund
The Electrical Workers' Insurance Fund, a collective endeavor born from the collaborative bargaining between IBEW Local 58 and SMC NECA, is dedicated to extending health insurance coverage to electrian members and their families. With a participant base exceeding 5,500 strong and an extensive roster of 6,500 beneficiaries and dependents, this fund plays a crucial role in safeguarding the wellbeing of the electrical industry workforce.
By forging a partnership between IBEW Local 58 and SMC NECA, the Electrical Workers' Insurance Fund was established to ensure access to vital health benefits for union electricians and their loved ones. The fund's commitment to its members extends beyond just insurance, as it serves as a testament to the power of collective bargaining in securing essential services and support for those who dedicate their careers to the electrical industry.
This nonprofit organization prioritizes the health and wellbeing of its participants and their dependents, providing comprehensive coverage that offers peace of mind and security. With its unwavering dedication, the Electrical Workers' Insurance Fund stands as a beacon of support for the electrical workforce, fostering a stronger and more resilient community within the industry.
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Impact
October, 2024
The Electrical Workers' Insurance Fund provides crucial health benefits to over 12,300 participants, dependents, and beneficiaries, significantly impacting the well-being of member electricians and their families. Established through collective bargaining between IBEW Local 58 and SMC NECA, the Fund ensures that more than 5,500 participants have access to essential healthcare, fostering a healthier workforce within the electrical industry. With a strong presence in Madison Heights, MI, the Fund plays a vital role in supporting the financial security and health of its members, ultimately enhancing their quality of life and that of their loved ones. The broad coverage and support afforded by the Fund help to alleviate the burdens associated with healthcare costs, making a meaningful difference in the community it serves.
This information is meant to be a general summary of Electrical Workers' Insurance 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: $4,904,932
- Program Service Revenue: $62,384,758
- Gross Receipts: $142,876,957
Assets and Liabilities:
- Total Assets: $116,743,613
- Total Liabilities: $1,059,051
- Net Assets: $115,684,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTHCARE CONTRIB.-EMPLOYER
Revenue
$53,906,570
HEALTHCARE CONTRIB.-PARTICIPA
Revenue
$6,952,626
REFUNDS FROM PARTICIPANTS
Revenue
$1,525,562
Organization Details
Founding Year
1951
Phone
(586) 575-9200Principal Officer
E Craig Young
Main Address
P O BOX 71337, MADISON HEIGHTS, MI, 480710337
Website
www.ewjbt.orgNTEE Category
Code: Y40 - Mutual benefit
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