South Central Minnesota Electrical Workers Industry Welfare Plan

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

EIN: 411305411 ✦ Bloomington, MN ✦ Designated as a 501(c)(9)

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Overview

What is South Central Minnesota Electrical Workers Industry Welfare Plan?

South Central Minnesota Electrical Workers Industry Welfare Plan is a nonprofit organization based in Bloomington, MN. Their primary mission is to offer health and welfare benefits to eligible participants and their dependents. This includes medical, dental, prescription drug coverage, disability, and life benefits. The organization's purpose is to enhance the wellbeing of its members and their families through comprehensive benefits.

Is South Central Minnesota Electrical Workers Industry Welfare Plan legitimate?

South Central Minnesota Electrical Workers Industry Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. South Central Minnesota Electrical Workers Industry Welfare Plan 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 South Central Minnesota Electrical Workers Industry Welfare Plan?

The South Central Minnesota Electrical Workers Industry Welfare Plan serves as a benefits program, dedicated to extending health and welfare advantages to eligible individuals and their dependents. This organization offers a comprehensive suite of benefits, which includes medical, dental, prescription drug coverage, disability, and life benefits. Its primary goal is to enhance the well-being of those enrolled, ensuring they have access to essential services for improved quality of life.

Who is the CEO of South Central Minnesota Electrical Workers Industry Welfare Plan?

Kristin Causby is the Trustee of South Central Minnesota Electrical Workers Industry Welfare Plan.

What is the revenue of South Central Minnesota Electrical Workers Industry Welfare Plan?

South Central Minnesota Electrical Workers Industry Welfare Plan's revenue in 2022 was $17,053,059.

Who are the executives of South Central Minnesota Electrical Workers Industry Welfare Plan and what are their salaries?

There are 22 employees at South Central Minnesota Electrical Workers Industry Welfare Plan.


Here are 8 key members and their salaries:


Chad Katzung (Trustee)
  • Compensation: $0
  • Related: $126,685
  • Other: $46,510
Steven Olson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Sannes (Trustee)
  • Compensation: $1,592
  • Related: $9,426
  • Other: $3,806
Dean Hogstad (Trustee)
  • Compensation: $0
  • Related: $89,067
  • Other: $43,136
David Manderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Draper (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Causby (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Hameister (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for South Central Minnesota Electrical Workers Industry Welfare Plan?

South Central Minnesota Electrical Workers Industry Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of South Central Minnesota Electrical Workers Industry Welfare Plan

The South Central Minnesota Electrical Workers Industry Welfare Plan is a dedicated benefits program, commitment-bound to extending health and welfare advantages to eligible individuals and their dependents. Established with a clear-cut objective, this organization focuses on delivering essential medical, dental, prescription drug, disability, and life benefits.

By prioritizing the well-being of its members, the South Central Minnesota Electrical Workers Industry Welfare Plan serves as a vital safety net for those enrolled. In essence, it constitutes an indispensable part of their overall support system. The program's expansive range of benefits is specifically designed to ensure recipients have access to comprehensive care when they need it most.

In order to fulfill its mission, the South Central Minnesota Electrical Workers Industry Welfare Plan diligently works to provide a holistic suite of benefits that cater to the diverse needs of its members. Each benefit component - medical, dental, prescription drug, disability, and life - is intricately woven together to form a comprehensive support system that can effectively address the health and well-being of the individuals it serves.

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Impact




October, 2024

The South Central Minnesota Electrical Workers Industry Welfare Plan plays a significant role in enhancing the well-being of eligible participants and their dependents in Bloomington, MN. By offering a comprehensive range of health and welfare benefits, including medical, dental, prescription drug coverage, disability, and life insurance, it ensures that workers and their families have access to essential healthcare services and financial support during times of need.

This program not only improves individual health outcomes but also contributes to the overall economic stability of families, allowing them to focus on their jobs without the constant worry of healthcare costs. The plan acts as a safety net, which can lead to increased job satisfaction and productivity among workers. Furthermore, by supporting the health and welfare of its participants, the program fosters a sense of community and solidarity among electrical workers in the region, promoting a culture of mutual benefit and support.




This information is meant to be a general summary of South Central Minnesota Electrical Workers Industry Welfare Plan. 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
$17,053,059 (2022)
Expenses
$16,922,112 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,095,367
  • Program Service Revenue: $15,957,692
  • Gross Receipts: $27,548,624

Assets and Liabilities:

  • Total Assets: $55,498,601
  • Total Liabilities: $161,791
  • Net Assets: $55,336,810

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$14,108,015

PARTICIPANT AND RETIREE CONTRIBUT

Revenue

$1,113,016

PRESCRIPTION DRUG REBATE

Revenue

$645,843

COBRA PREMIUM ASSISTANCE REIMBURS

Revenue

$90,818

Organization Details

Founding Year

1977

Principal Officer

Kristin Causby

Main Address

3001 METRO DRIVE 500, BLOOMINGTON, MN, 55425

NTEE Category

Code: Y40 - Mutual benefit

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