Sheet Metal Workers' Local 206 Health Benefit Trust

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

EIN: 454844178 ✦ San diego, CA ✦ Designated as a 501(c)(9)

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Overview

What is Sheet Metal Workers' Local 206 Health Benefit Trust?

The Sheet Metal Workers' Local 206 Health Benefit Trust is a nonprofit organization committed to offering health benefits, term life, and accidental death and dismemberment coverage to eligible active participants and their dependents. Established as a multi-employer trust fund, it aims to ensure access to essential benefits for its members. As of the end of 2020, there were 944 participants enrolled in the program.


Official website here: www.smwlocal206.org

Is Sheet Metal Workers' Local 206 Health Benefit Trust legitimate?

Sheet Metal Workers' Local 206 Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers' Local 206 Health Benefit 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


Official website here: www.smwlocal206.org

What is the mission statement of Sheet Metal Workers' Local 206 Health Benefit Trust?

The Sheet Metal Workers' Local 206 Health Benefit Trust is committed to offering health benefits, term life, and accidental death and dismemberment coverage to eligible active participants and their dependents. The organization operates as a multi-employer trust fund to provide these essential benefits. With over 900 participants enrolled at the end of 2020, the Trust aims to ensure the well-being of those in the sheet metal industry, securing their health and financial security. The Trust's primary objective is to provide comprehensive healthcare coverage and monetary support to support the well-being of its members.


Official website here: www.smwlocal206.org

Who is the CEO of Sheet Metal Workers' Local 206 Health Benefit Trust?

Linda Jennings Chair is the Co-Chair, Trustee of Sheet Metal Workers' Local 206 Health Benefit Trust.


Official website here: www.smwlocal206.org

What is the revenue of Sheet Metal Workers' Local 206 Health Benefit Trust?

Sheet Metal Workers' Local 206 Health Benefit Trust's revenue in 2022 was $16,076,079.


Official website here: www.smwlocal206.org

Who are the executives of Sheet Metal Workers' Local 206 Health Benefit Trust and what are their salaries?


Here are 5 key members and their salaries:


Dave Gauthier (Co-Chair, Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Fusca (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Jennings (Co-Chair, Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Moreno (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Domingo Luyo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.smwlocal206.org

Where can I find the form 990 for Sheet Metal Workers' Local 206 Health Benefit Trust?

Sheet Metal Workers' Local 206 Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.smwlocal206.org

Learn more at the official website: www.smwlocal206.org

Mission Statement of Sheet Metal Workers' Local 206 Health Benefit Trust

Sheet Metal Workers' Local 206 Health Benefit Trust is a dedicated organization that focuses on providing essential health benefits, term life, and accidental death and dismemberment coverage to eligible active participants and their dependents. Established as a multi-employer trust fund, its mission is to ensure the wellbeing of those in the sheet metal industry by offering comprehensive health coverage. With over 900 individuals enrolled in the program at the end of 2020, the Trust continues to prioritize the health and welfare of its members. By pooling resources from various employers, it is able to offer competitive and affordable benefits to a diverse group of individuals. The Trust's commitment to its mission is unwavering, and it strives to provide peace of mind to those it serves, allowing them to focus on their careers and personal lives with the security of reliable healthcare coverage.

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Impact




October, 2024

The Sheet Metal Workers' Local 206 Health Benefit Trust significantly impacts the lives of its members by providing essential health benefits, term life insurance, and accidental death and dismemberment coverage. By operating as a multi-employer trust fund, it helps ensure that eligible active participants and their covered dependents receive comprehensive healthcare support. As of the end of 2020, the Trust successfully enrolled 944 participants, demonstrating its crucial role in promoting the well-being and financial security of union workers in San Diego, CA. This support not only enhances the quality of life for individuals and families but also promotes stability and peace of mind within the workforce.




This information is meant to be a general summary of Sheet Metal Workers' Local 206 Health Benefit 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.

Revenue
$16,076,079 (2022)
Expenses
$13,383,429 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $209,950
  • Program Service Revenue: $15,866,069
  • Gross Receipts: $18,967,612

Assets and Liabilities:

  • Total Assets: $15,450,102
  • Total Liabilities: $1,786,441
  • Net Assets: $13,663,661

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$13,767,514

HEALTH REIMBURSEMENT ACCOUNT

Revenue

$1,155,916

PARTICIPANT CONTRIBUTIONS

Revenue

$940,165

COBRA ADMIN FEE

Revenue

$2,474

Organization Details

Founding Year

2011

Principal Officer

Linda Jennings Chair

Main Address

1843 Hotel Circle S Ste 300, San Diego, CA, 92108

NTEE Category

Code: Y43 - Mutual benefit

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