Ibew Local Union No 351 Welfare And Supplemental Fund

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

EIN: 454955344 ✦ West trenton, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local Union No 351 Welfare And Supplemental Fund?

Ibew Local Union No 351 Welfare and Supplemental Fund is a nonprofit organization based in West Trenton, New Jersey. Their primary mission is to provide supplemental group health benefits for eligible participants. By offering these additional benefits, they aim to enhance the overall healthcare coverages for their members. The organization's address, located at 830 Bear Tavern Road, PO Box 1028, is where they serve their community from. Their goal is to ensure the welfare and wellbeing of their constituents by addressing potential gaps in their existing healthcare plans.

Is Ibew Local Union No 351 Welfare And Supplemental Fund legitimate?

Ibew Local Union No 351 Welfare And Supplemental Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local Union No 351 Welfare And Supplemental 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: $0

For more financial information, click here

What is the mission statement of Ibew Local Union No 351 Welfare And Supplemental Fund?

The Ibew Local Union No 351 Welfare and Supplemental Fund is dedicated to providing group health benefits for eligible participants. This organization's mission is centered around enhancing the health and wellbeing of its members by offering supplemental coverage. Through its activities, the fund prioritizes the health needs of its participants and works to bridge any gaps in their healthcare coverage. The fund's commitment extends to ensuring that the eligible individuals under its purview have access to essential health benefits, thereby promoting overall wellness and peace of mind.

Who is the CEO of Ibew Local Union No 351 Welfare And Supplemental Fund?

Daniel Cosner is the Trustee of Ibew Local Union No 351 Welfare And Supplemental Fund.

What is the revenue of Ibew Local Union No 351 Welfare And Supplemental Fund?

Ibew Local Union No 351 Welfare And Supplemental Fund's revenue in 2022 was $13,738,595.

Who are the executives of Ibew Local Union No 351 Welfare And Supplemental Fund and what are their salaries?


Here are 6 key members and their salaries:


Roy Foster (Trustee)
  • Compensation: $0
  • Related: $241,231
  • Other: $139,516
Daniel Cosner (Trustee)
  • Compensation: $0
  • Related: $277,417
  • Other: $160,426
Jeffery Houde (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Knecht Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas J Peterson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Della Vecchia (Trustee)
  • Compensation: $0
  • Related: $241,231
  • Other: $145,596
Where can I find the form 990 for Ibew Local Union No 351 Welfare And Supplemental Fund?

Ibew Local Union No 351 Welfare And Supplemental Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local Union No 351 Welfare And Supplemental Fund

Ibew Local Union No 351 Welfare and Supplemental Fund is a charitable organization that plays a crucial role in enhancing the health benefits of eligible participants. Its mission, in simpler terms, is to extend supplemental health coverage to deserving individuals. The Fund is dedicated to making a significant difference in people's lives by offering them additional health benefits that complement their existing insurance plans.

The primary focus of Ibew Local Union No 351 Welfare and Supplemental Fund lies in providing supplemental group health benefits. This means that the organization pools resources together to extend health coverage to a large group of individuals, thereby ensuring that costs are kept affordable for all. These benefits may include dental care, prescription medications, and other essential healthcare services that might not be fully covered by primary insurance plans.

The importance of Ibew Local Union No 351 Welfare and Supplemental Fund lies in its ability to bridge the gap in healthcare coverage for those in need. By providing supplemental benefits, it empowers individuals to access essential healthcare services, ultimately contributing to their overall well-being. The organization's commitment to promoting health and wellness among eligible participants is truly commendable.

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Impact




October, 2024

The IBEW Local Union No. 351 Welfare and Supplemental Fund plays a crucial role in enhancing the well-being of its members by providing supplemental group health benefits. This support is particularly significant for eligible participants, as it helps to alleviate the financial burden associated with healthcare costs. By offering these benefits, the Fund improves access to necessary medical services, ensuring that members and their families can receive quality care when needed.

In West Trenton, New Jersey, the Fund's mission focuses on mutual benefit, fostering a sense of community among its members. The supplemental health benefits not only offer financial security but also contribute to the overall health and productivity of the workforce. This, in turn, positively impacts the local economy and strengthens the union's commitment to advocating for the welfare of its members. Overall, the IBEW Local Union No. 351 Welfare and Supplemental Fund serves as a vital support system, promoting health and stability within the community.




This information is meant to be a general summary of Ibew Local Union No 351 Welfare And Supplemental 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.

Revenue
$13,738,595 (2022)
Expenses
$12,283,831 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $355,784
  • Program Service Revenue: $13,382,811
  • Gross Receipts: $16,105,475

Assets and Liabilities:

  • Total Assets: $21,041,480
  • Total Liabilities: $3,729,099
  • Net Assets: $17,312,381

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$11,123,927

RETIREE CONTRIBUTIONS

Revenue

$2,251,120

CONTRACTOR LATE FEES

Revenue

$7,764

Organization Details

Founding Year

2012

Principal Officer

Daniel Cosner

Main Address

830 BEAR TAVERN RD PO BOX 1028, WEST TRENTON, NJ, 08628

NTEE Category

Code: Y43 - Mutual benefit

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