Overview
What is Contractors Laborers Teamsters& Engineers Health & Welfare Plan?
The Contractors Laborers Teamsters & Engineers Health & Welfare Plan is a nonprofit organization based in Omaha, Nebraska, with an address at 10334 Ellison Circle, ZIP code 68134. Their primary mission involves providing health and welfare benefits to eligible participants and dependents within the Nebraska construction industry. Established as a collectively bargained, multi-employer plan, they offer essential medical, dental, short-term disability benefits, and prescriptions. With a team of 14 employees, they ensure the well-being of those in the construction sector.
Is Contractors Laborers Teamsters& Engineers Health & Welfare Plan legitimate?
Contractors Laborers Teamsters& Engineers Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Contractors Laborers Teamsters& Engineers Health & Welfare 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: $130,920
For more financial information, click here
What is the mission statement of Contractors Laborers Teamsters& Engineers Health & Welfare Plan?
The Contractors Laborers Teamsters & Engineers Health & Welfare Plan is a multi-employer, collectively bargained benefit program. Its primary objective is to extend medical, dental, short-term disability benefits, and prescription coverage to eligible participants and their dependents within the Nebraska construction industry. The plan prioritizes the wellbeing of its beneficiaries by providing them with essential healthcare services.
Who is the CEO of Contractors Laborers Teamsters& Engineers Health & Welfare Plan?
Tim Mccormick is the Trustee-Secr of Contractors Laborers Teamsters& Engineers Health & Welfare Plan.
What is the revenue of Contractors Laborers Teamsters& Engineers Health & Welfare Plan?
Contractors Laborers Teamsters& Engineers Health & Welfare Plan's revenue in 2022 was $12,605,713.
Who are the executives of Contractors Laborers Teamsters& Engineers Health & Welfare Plan and what are their salaries?
The average compensation at Contractors Laborers Teamsters& Engineers Health & Welfare Plan during 2022 was $9,351. There are 14 employees at Contractors Laborers Teamsters& Engineers Health & Welfare Plan.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Contractors Laborers Teamsters& Engineers Health & Welfare Plan?
Contractors Laborers Teamsters& Engineers Health & Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Contractors Laborers Teamsters& Engineers Health & Welfare Plan
Contractors Laborers Teamsters & Engineers Health & Welfare Plan is a collectively bargained, multi-employer organization committed to providing essential health and welfare benefits to eligible participants and their dependents within the Nebraska construction industry. Established with the mission to ensure accessible medical, dental, short-term disability benefits, and prescription coverage, the Plan plays a vital role in safeguarding the wellbeing of its members.
In the dynamic landscape of the Nebraska construction industry, the Health & Welfare Plan stands as a steadfast supporter of its workforce. By offering comprehensive benefits, it fosters a healthier and more productive workforce, ultimately benefiting the industry as a whole. The Plan's far-reaching influence extends beyond individual employee concerns, as it also contributes to the overall health and stability of the construction sector.
Through its collective bargaining power, the Contractors Laborers Teamsters & Engineers Health & Welfare Plan secures competitive benefit packages for its participants. This not only provides financial relief to its members, but also instills a sense of security and peace of mind. By addressing the health needs of its workforce, the Plan paves the way for a healthier, more flourishing industry.
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Impact
October, 2024
The Contractors Laborers Teamsters & Engineers Health & Welfare Plan significantly impacts the Nebraska construction industry by providing essential medical, dental, short-term disability benefits, and prescription coverage to qualified participants and their dependents. This collectively bargained, multiemployer plan ensures that workers in the construction sector have access to vital healthcare resources, promoting overall health and well-being within this labor-intensive field. By alleviating some of the financial burdens associated with medical care, the plan enables workers to focus on their jobs without worrying excessively about health expenses, contributing to a more stable and productive workforce. Additionally, offering these benefits fosters a sense of security and loyalty among workers, enhancing retention and workforce morale in an industry that often faces high turnover rates.
This information is meant to be a general summary of Contractors Laborers Teamsters& Engineers Health & Welfare 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,493,237
- Program Service Revenue: $10,090,520
- Gross Receipts: $17,030,798
Assets and Liabilities:
- Total Assets: $9,824,496
- Total Liabilities: $7,216,603
- Net Assets: $2,607,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$9,965,400
PARTICIPANT CONTRIBUTIONS
Revenue
$125,120
Organization Details
Founding Year
1963
Phone
(402) 491-3751Principal Officer
Tim Mccormick
Main Address
10334 ELLISON CIRCLE, OMAHA, NE, 68134
NTEE Category
Code: Y40 - Mutual benefit
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