Overview
What is St Paul Electrical Workers Welfare Fund?
The St Paul Electrical Workers Welfare Fund is a nonprofit organization located in St Paul, Minnesota, with a US address at 1330 Conway Street 130. The primary mission of this organization is to provide healthcare benefits for approximately 3,101 participants and their dependents. With a small workforce of one employee, the Fund offers group life, accident, and health insurance, including hospitalization, medical, surgical, and other benefits as determined by the trustees. The organization's purpose is to ensure eligible members have access to medical, dental, vision, and disability coverage.
Is St Paul Electrical Workers Welfare Fund legitimate?
St Paul Electrical Workers Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. St Paul Electrical Workers 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: $34,441
For more financial information, click here
What is the mission statement of St Paul Electrical Workers Welfare Fund?
The St Paul Electrical Workers Welfare Fund is dedicated to providing healthcare benefits for eligible participants and their dependents. Its mission is to offer medical, dental, vision, and disability coverage. The organization maintains various group insurance policies, including life, accident, and health insurance, with medical and surgical benefits being a key focus. The trustees have the power to determine and provide additional benefits for the benefit of approximately 3,101 individuals.
Who is the CEO of St Paul Electrical Workers Welfare Fund?
James Schult is the Chairman, Union Trustee of St Paul Electrical Workers Welfare Fund.
What is the revenue of St Paul Electrical Workers Welfare Fund?
St Paul Electrical Workers Welfare Fund's revenue in 2022 was $55,207,085.
Who are the executives of St Paul Electrical Workers Welfare Fund and what are their salaries?
The average compensation at St Paul Electrical Workers Welfare Fund during 2022 was $34,441. There is 1 employee and 9 volunteers at St Paul Electrical Workers Welfare Fund.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $155,531
- Other: $59,043
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $138,859
- Other: $44,229
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $131,945
- Other: $51,904
- Compensation: $0
- Related: $68,818
- Other: $45,144
Where can I find the form 990 for St Paul Electrical Workers Welfare Fund?
St Paul Electrical Workers Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Paul Electrical Workers Welfare Fund
The St. Paul Electrical Workers Welfare Fund is a mission-driven organization dedicated to providing healthcare benefits for eligible participants and their dependents. With a focus on medical, dental, vision, and disability coverage, this nonprofit endeavors to maintain group life, accident, and health insurance plans that cater to the needs of 3,101 participants and their beneficiaries.
The St. Paul Electrical Workers Welfare Fund trustees have determined a range of benefits to ensure comprehensive coverage for the fund's members. These benefits include, but are not limited to, group hospitalization, medical, and surgical coverage. The organization's commitment to the health and wellbeing of its members is unwavering, as it strives to improve their overall quality of life.
In essence, the St. Paul Electrical Workers Welfare Fund serves as a vital safety net for its members, ensuring they have access to essential healthcare services when they need it most. By providing these benefits, the nonprofit not only supports the physical health of its members but also contributes to their peace of mind, allowing them to focus on their personal and professional lives with confidence.
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Impact
October, 2024
St. Paul Electrical Workers Welfare Fund significantly impacts the lives of its members and their families by providing comprehensive healthcare solutions. It offers essential services such as group life, accident, and health insurance, ensuring that 3,101 participants have access to necessary medical, dental, vision, and disability benefits.
By maintaining these benefits, the fund enhances the overall well-being of its members, enabling them to focus on their work and personal lives with the assurance that they have access to quality healthcare and support. This safety net is crucial in a demanding profession where workers face various health-related challenges, allowing them to mitigate financial burdens associated with medical emergencies and routine healthcare needs.
The fund’s commitment to providing these vital benefits not only supports individual health but also fosters a sense of community and mutual care among electrical workers and their dependents in St. Paul, MN.
This information is meant to be a general summary of St Paul Electrical Workers 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: $2,471,430
- Program Service Revenue: $52,710,121
- Gross Receipts: $106,617,901
Assets and Liabilities:
- Total Assets: $125,573,802
- Total Liabilities: $6,662,631
- Net Assets: $118,911,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$47,312,708
PARTICIPANT CONTRIBUTIONS
Revenue
$3,685,359
SUB H&W CONTRIBUTIONS
Revenue
$1,712,054
Organization Details
Founding Year
1973
Phone
(952) 854-0795Principal Officer
James Schult
Main Address
1330 CONWAY STREET 130, ST PAUL, MN, 55106
NTEE Category
Code: Y40 - Mutual benefit
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