Electrical Workers Local 292 Supplemental Unemployement Benefit Plan

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

EIN: 411876011 ✦ Maple grove, MN ✦ Designated as a 501(c)(9)

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Overview

What is Electrical Workers Local 292 Supplemental Unemployement Benefit Plan?

Electrical Workers Local 292 Supplemental Unemployment Benefit Plan is a nonprofit initiative, based in Maple Grove, Minnesota, that aims to offer financial assistance to eligible participants during periods of unemployment. Specifically, the plan provides supplemental unemployment benefits to a total of 4,523 participants, in accordance with the terms outlined in the plan document. The primary mission of this plan is to help ensure financial security for its participants during challenging employment situations.


Official website here: www.ibew292benefits.org

Is Electrical Workers Local 292 Supplemental Unemployement Benefit Plan legitimate?

Electrical Workers Local 292 Supplemental Unemployement Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Workers Local 292 Supplemental Unemployement Benefit 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


Official website here: www.ibew292benefits.org

What is the mission statement of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan?

The Electrical Workers Local 292 Supplemental Unemployment Benefit Plan is committed to providing financial security for eligible participants. In the event of unemployment, this program aims to offer supplemental benefits to its 4,523 participants, as outlined in the plan document. The primary objective of this plan is to offer a financial safety net, providing assistance during periods of unemployment.


Official website here: www.ibew292benefits.org

Who is the CEO of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan?

David Manderson is the Management Trustee, Chairm of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan.


Official website here: www.ibew292benefits.org

What is the revenue of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan?

Electrical Workers Local 292 Supplemental Unemployement Benefit Plan's revenue in 2022 was $1,418,997.


Official website here: www.ibew292benefits.org

Who are the executives of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan and what are their salaries?

There 8 volunteers at Electrical Workers Local 292 Supplemental Unemployement Benefit Plan.


Here are 10 key members and their salaries:


David Manderson (Management Trustee, Chairm)
  • Compensation: $0
  • Related: $259,220
  • Other: $55,627
Jennifer Mudge (Labor Trustee - Alternate)
  • Compensation: $0
  • Related: $135,528
  • Other: $62,055
David Frary (Labor Trustee, Secretary)
  • Compensation: $0
  • Related: $126,038
  • Other: $58,652
Daniel Ferguson (Labor Trustee)
  • Compensation: $0
  • Related: $126,038
  • Other: $58,652
Jeffrey Heimerl (Labor Trustee)
  • Compensation: $0
  • Related: $161,698
  • Other: $69,482
Laura Karow (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Kosmides (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Hein (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Morris (Management Trustee - Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carla Gruetzmacher (Administrative Manager)
  • Compensation: $0
  • Related: $138,134
  • Other: $55,826


Official website here: www.ibew292benefits.org

Where can I find the form 990 for Electrical Workers Local 292 Supplemental Unemployement Benefit Plan?

Electrical Workers Local 292 Supplemental Unemployement Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ibew292benefits.org

Learn more at the official website: www.ibew292benefits.org

Mission Statement of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan

Electrical Workers Local 292 Supplemental Unemployment Benefit Plan is an organization dedicated to providing financial security to eligible participants. In the event of unemployment, this plan offers supplemental benefits to its 4,523 participants, as outlined in the plan's documentation. The mission of Electrical Workers Local 292 Supplemental Unemployement Benefit Plan is to assist individuals during difficult times by providing them with additional financial support, thereby helping them maintain stability and cope with unemployment. The plan aims to alleviate some of the financial burden that comes with unemployment, offering a safety net for those in need.

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Impact




October, 2024

The Electrical Workers Local 292 Supplemental Unemployment Benefit Plan has a significant impact on its participants by providing essential financial support during periods of unemployment. By offering supplemental unemployment benefits, the plan helps to bridge the gap for eligible individuals who may be facing temporary job loss, enabling them to maintain a degree of financial stability.

With 4,523 participants, this program addresses the critical need for financial security among electrical workers who may experience layoffs or reduced hours. The benefits offered through the plan can cover essential expenses, alleviating some of the stress associated with unemployment and allowing individuals to focus on finding new employment opportunities. By fulfilling this mission, the plan plays a crucial role in supporting the workforce, enhancing their resilience in times of economic uncertainty.




This information is meant to be a general summary of Electrical Workers Local 292 Supplemental Unemployement Benefit 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
$1,459,997 (2022)
Expenses
$1,394,269 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $332,359
  • Program Service Revenue: $1,086,638
  • Gross Receipts: $5,834,522

Assets and Liabilities:

  • Total Assets: $13,983,238
  • Total Liabilities: $0
  • Net Assets: $13,983,238

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,086,638

Organization Details

Founding Year

1997

Principal Officer

David Manderson

Main Address

6900 WEDGWOOD ROAD N 425, MAPLE GROVE, MN, 55311

NTEE Category

Code: Y40 - Mutual benefit

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