Overview
What is Afl-Cio Health & Welfare Trust?
The Afl-Cio Health & Welfare Trust is a nonprofit organization based in Washington, D.C. Established to provide health and other benefits to eligible employees of the AFL-CIO, affiliated departments, and other affiliated entities, the trust offers a range of coverage including medical, dental, hearing, vision, life insurance, accidental death and dismemberment, and prescription drug benefits.
Is Afl-Cio Health & Welfare Trust legitimate?
Afl-Cio Health & Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Afl-Cio Health & Welfare Trust 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: $0
For more financial information, click here
What is the mission statement of Afl-Cio Health & Welfare Trust?
The Afl-Cio Health & Welfare Trust was founded to extend health and additional benefits to eligible employees of the AFL-CIO and its affiliated departments, state and local central bodies, and other related entities. The primary objective of the Trust is to provide medical, dental, hearing, vision, life insurance, accidental death and dismemberment coverage, and prescription drug benefits to its participants. The Trust's mission is centered around enhancing the wellbeing of its recipients by ensuring they have access to comprehensive healthcare and insurance coverage.
Who is the CEO of Afl-Cio Health & Welfare Trust?
Fredrick Redmond is the Trustee of Afl-Cio Health & Welfare Trust.
What is the revenue of Afl-Cio Health & Welfare Trust?
Afl-Cio Health & Welfare Trust's revenue in 2022 was $41,869,026.
Who are the executives of Afl-Cio Health & Welfare Trust and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $158,007
- Other: $77,798
- Compensation: $0
- Related: $347,190
- Other: $89,929
- Compensation: $0
- Related: $124,685
- Other: $60,361
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $81,969
- Other: $37,590
- Compensation: $0
- Related: $246,651
- Other: $87,498
- Compensation: $0
- Related: $120,861
- Other: $57,927
Where can I find the form 990 for Afl-Cio Health & Welfare Trust?
Afl-Cio Health & Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Afl-Cio Health & Welfare Trust
The Afl-Cio Health & Welfare Trust is a charitable organization dedicated to supplying health and additional benefits to eligible employees of the AFL-CIO, affiliated departments, state and local central bodies, and other affiliated entities. This trust was founded with the mission to extend vital health and ancillary advantages to these individuals and their families.
In practice, the Afl-Cio Health & Welfare Trust offers medical, dental, hearing, vision, life insurance, accidental death and dismemberment coverage, and prescription drug benefits to eligible participants. The Trust's commitment to its mission is unwavering, providing comprehensive coverage to ensure the wellbeing of the workforce and their dependents.
The Afl-Cio Health & Welfare Trust's impact extends far beyond just healthcare, as it supports the overall health and well-being of its members. By providing these essential benefits, the Trust enables its participants to focus on their personal and professional growth while knowing they and their loved ones are protected.
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Impact
October, 2024
The Afl-Cio Health & Welfare Trust plays a vital role in enhancing the well-being of employees associated with the AFL-CIO and its affiliated entities. By providing comprehensive health benefits, including medical, dental, hearing, vision, and life insurance coverage, the Trust addresses critical health needs of eligible participants.
Furthermore, it offers accidental death and dismemberment coverage, along with prescription drug benefits, ensuring that individuals have access to necessary healthcare services without the burden of prohibitive costs. This focus on health and welfare not only supports the individuals but also strengthens the workforce overall by enhancing productivity and job satisfaction.
The Trust's endeavors significantly contribute to the overall stability and resilience of the labor community, fostering a healthier, more secure environment for employees and their families. By prioritizing the health needs of its members, the Afl-Cio Health & Welfare Trust has a profound impact on the quality of life for those it serves, ultimately promoting mutual benefit within the labor movement.
This information is meant to be a general summary of Afl-Cio Health & Welfare Trust. 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: $654,577
- Program Service Revenue: $41,214,449
- Gross Receipts: $41,869,026
Assets and Liabilities:
- Total Assets: $27,017,350
- Total Liabilities: $1,138,806
- Net Assets: $25,878,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$38,641,829
PRESCRIPTION DRUG REBATES
Revenue
$2,294,503
STOP LOSS REIMBURSEMENT
Revenue
$150,789
EMPLOYEE CONTRIBUTIONS
Revenue
$127,328
Organization Details
Founding Year
2007
Phone
(202) 637-5250Principal Officer
Fredrick Redmond
Main Address
815 16TH STREET NW, WASHINGTON, DC, 20006
NTEE Category
Code: Y43 - Mutual benefit
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