Overview
What is Reilly Construction Employee Welfare Trust?
Reilly Construction Employee Welfare Trust is a nonprofit organization based in Ossian, Iowa. Its primary purpose is to collect contributions from the employer or sponsor of the plan, employees, and receive reinsurance. These funds are then disbursed to cover medical and other service expenses for the participants. This trust functions as a safety net, providing financial assistance for the employees' healthcare needs, thereby enhancing their overall well-being.
Is Reilly Construction Employee Welfare Trust legitimate?
Reilly Construction Employee Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Reilly Construction Employee 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 Reilly Construction Employee Welfare Trust?
Reilly Construction Employee Welfare Trust's primary objective involves the collection of contributions from the employer and employees, as well as receiving reinsurance. These accumulated funds are then disbursed to cover medical and other service-related expenses for the plan's participants. The organization's mission can be summarized as providing financial support for the healthcare needs of its members. It serves as a safety net, offering financial assistance when medical or other service expenses arise. The trust aims to ensure that its participants have access to necessary healthcare services, thereby promoting their overall well-being.
Who is the CEO of Reilly Construction Employee Welfare Trust?
Charles Covell is the Trustee of Reilly Construction Employee Welfare Trust.
What is the revenue of Reilly Construction Employee Welfare Trust?
Reilly Construction Employee Welfare Trust's revenue in 2022 was $1,398,679.
Who are the executives of Reilly Construction Employee Welfare Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $158,830
- Other: $21,770
- Compensation: $0
- Related: $153,830
- Other: $21,770
- Compensation: $0
- Related: $76,390
- Other: $20,737
Where can I find the form 990 for Reilly Construction Employee Welfare Trust?
Reilly Construction Employee Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Reilly Construction Employee Welfare Trust
Reilly Construction Employee Welfare Trust is an organization with a primary focus on collecting contributions from both the employer and employees, as well as acquiring reinsurance. The primary purpose of these collected funds is to dispense them towards covering medical and other service-related expenses for the plan's participants. This mission is aimed at providing financial assistance to individuals associated with the trust, ensuring they can access necessary healthcare services when needed. The trust functions as a safety net, providing financial support for medical and related expenses, thereby easing the financial burden for its participants.
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Impact
October, 2024
Reilly Construction Employee Welfare Trust plays a crucial role in the financial health and well-being of its participants by facilitating the collection of contributions from both employers and employees. This ensures that there is a steady flow of resources that can be used to cover medical and other service expenses.
Through its operations, the Trust effectively manages these contributions and reinsurances, allowing for timely disbursements to individuals in need of medical services. This not only alleviates financial burdens for participants but also promotes access to healthcare, contributing to improved overall health outcomes within the community.
By prioritizing the welfare of its members, the organization fosters a supportive environment that enhances employee morale and engagement, ultimately leading to a more productive workforce. The Trust's focus on mutual benefit creates a sense of solidarity and belonging among participants, reinforcing a culture of care and support within the organization and the larger community in Ossian, Iowa.
This information is meant to be a general summary of Reilly Construction Employee 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.
- Program Service Revenue: $1,398,679
- Gross Receipts: $1,398,679
Assets and Liabilities:
- Total Assets: $135,357
- Total Liabilities: $0
- Net Assets: $135,357
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR CONTRIBUTIONS
Revenue
$669,723
EMPLOYEE CONTRIBUTIONS
Revenue
$461,362
REINSURANCE
Revenue
$267,594
Organization Details
Founding Year
1989
Phone
(563) 532-9211Principal Officer
Charles Covell
Main Address
PO BOX 99, OSSIAN, IA, 521610099
NTEE Category
Code: Y40 - Mutual benefit
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