International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124

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

EIN: 440569165 ✦ Kansas city, MO ✦ Designated as a 501(c)(9)

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Overview

What is International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124?

International Brotherhood of Electrical Workers Health & Welfare Fund Local 124 is a nonprofit organization based in Kansas City, Missouri, providing health and welfare benefits to approximately 3,000 union members, their dependents, and beneficiaries, as well as certain non-member employees of contributing employers. The fund offers medical, dental, vision, sickness, and death benefits to enhance the well-being of its members.

Is International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 legitimate?

International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 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 International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124?

The International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 is dedicated to providing health and welfare benefits to eligible members of I.B.E.W. Local Union No. 124, their dependents, and certain non-member employees of contributing employers. The organization's primary mission is to ensure the well-being of approximately 3,000 union members and their families by offering a range of benefits, including medical, dental, vision, sickness, and death coverage. In essence, the International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 serves to enhance the quality of life for its members and their dependents by addressing their health and welfare needs.

Who is the CEO of International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124?

Kenneth C Borden is the Chairman, Trustee of International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124.

What is the revenue of International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124?

International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124's revenue in 2022 was $47,862,735.

Who are the executives of International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 and what are their salaries?

There 7 volunteers at International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124.


Here are 7 key members and their salaries:


Kenneth C Borden (Chairman, Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bo Moreno (Secretary, Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory P Cianciolo (Trustee Until 3/22/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Howerton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald G Laffoon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Quarles (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Lee (Trustee As Of 3/22/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124?

International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124

The International Brotherhood Of Electrical Workers Health & Welfare Fund Local 124 is a nonprofit organization dedicated to providing health and welfare benefits to eligible members of I.B.E.W. Local Union No. 124, their dependents, and certain nonmember employees of contributing employers. In simple terms, this charitable institution serves around 3,000 union members and their dependents, ensuring they have access to essential medical, dental, vision, sickness, and death benefits. The Fund pays out these benefits on behalf of its members, making a significant difference in their lives. The mission of the International Brotherhood Of Electrical Workers Health & Welfare Fund Local 124 is to safeguard the wellbeing of its members and their families by offering comprehensive benefits that alleviate financial burdens related to healthcare and related expenses. By doing so, the organization not only provides essential services but also contributes to the overall peace of mind and emotional security of its members, enhancing their quality of life. In essence, the International Brotherhood Of Electrical Workers Health & Welfare Fund Local 124 acts as a protective shield, ensuring its members have access to the healthcare they need when they need it, making their lives more manageable during challenging times.

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Impact




October, 2024

International Brotherhood of Electrical Workers Health & Welfare Fund Local 124 significantly impacts the lives of approximately 3,000 union members and their dependents in Kansas City, Missouri. By providing essential health and welfare benefits, the fund ensures that members have access to medical, dental, and vision care, as well as critical sickness and death benefits.

This comprehensive support network not only enhances the well-being of union members and their families but also fosters a sense of security within the workforce. The ability to receive these benefits directly contributes to the overall stability and productivity of the local labor force, as members can focus on their work without the stress of unmanageable healthcare costs. Ultimately, the fund strengthens the community by promoting healthier lifestyles and supporting members during times of need.




This information is meant to be a general summary of International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124. 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
$47,862,735 (2022)
Expenses
$44,568,361 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,005,620
  • Program Service Revenue: $45,551,012
  • Gross Receipts: $57,623,450

Assets and Liabilities:

  • Total Assets: $53,387,788
  • Total Liabilities: $344,297
  • Net Assets: $53,043,491

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Programs

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

EMPLOYER CONTR.

Revenue

$42,179,259

PARTICIPANT CONTR.

Revenue

$3,371,753

Organization Details

Founding Year

1952

Principal Officer

Kenneth C Borden

Main Address

305 E 103RD TERRACE, KANSAS CITY, MO, 64114

NTEE Category

Code: Y40 - Mutual benefit

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