Overview
What is Painters Local No 109 Health & Welfare Plan?
Painters Local No 109 Health & Welfare Plan is a nonprofit organization that focuses on administering a collectively bargained employee benefit plan. Based in Omaha, Nebraska, this plan provides and maintains group life and accident and health insurance, including hospitalization, medical, and surgical benefits. As of August 31, 2022, there were 98 active participants enrolled in this plan. The nonprofit's primary mission is to receive contributions from employers for this health and welfare plan and then disburse funds towards insurance premiums, ensuring proper coverage for its members.
Is Painters Local No 109 Health & Welfare Plan legitimate?
Painters Local No 109 Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Painters Local No 109 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: $0
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What is the mission statement of Painters Local No 109 Health & Welfare Plan?
The Painters Local No 109 Health & Welfare Plan's primary role is to oversee a collectively bargained employee benefit plan. Its mission is to receive contributions from employers for health and welfare benefits, administer these funds, and subsequently disburse them for insurance premiums. As of August 31, 2022, the plan had 98 active participants. The plan is dedicated to providing and maintaining group life insurance, as well as group accident and health insurance, which includes coverage for hospitalization, medical, and surgical benefits.
Who is the CEO of Painters Local No 109 Health & Welfare Plan?
Mike Andersen is the Chairman of Painters Local No 109 Health & Welfare Plan.
What is the revenue of Painters Local No 109 Health & Welfare Plan?
Painters Local No 109 Health & Welfare Plan's revenue in 2022 was $1,131,115.
Who are the executives of Painters Local No 109 Health & Welfare Plan and what are their salaries?
Here are 2 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Painters Local No 109 Health & Welfare Plan?
Painters Local No 109 Health & Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Painters Local No 109 Health & Welfare Plan
Painters Local No 109 Health & Welfare Plan is an organization dedicated to managing a collectively bargained employee benefit plan. Its primary mission is to administer this plan, receive contributions from employers, and subsequently disburse funds for insurance premiums. As of August 31, 2022, the plan had 98 active participants. The plan provides and maintains various insurance benefits, including group life, group accident, and health insurance, offering coverage for hospitalization, medical, and surgical needs.
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Impact
October, 2024
The Painters Local No 109 Health & Welfare Plan plays a crucial role in providing employee benefits to its participants. By administering a collectively bargained employee benefit plan, it ensures that members have access to essential group life, accident, and health insurance coverage. This includes comprehensive hospital, medical, and surgical benefits, which are vital for maintaining the health and well-being of the workers.
With 98 active participants as of August 31, 2022, the plan facilitates financial support by receiving health and welfare contributions from employers. These contributions are instrumental in funding various insurance premiums, thereby offering a safety net for members and their families in times of need. The plan helps to promote financial security within the workforce, ensuring that members can access necessary medical care without incurring prohibitive costs.
Overall, the Painters Local No 109 Health & Welfare Plan significantly impacts the lives of its participants by providing critical health benefits and promoting overall worker welfare in the Omaha, Nebraska area.
This information is meant to be a general summary of Painters Local No 109 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: $469
- Program Service Revenue: $1,130,646
- Gross Receipts: $1,131,115
Assets and Liabilities:
- Total Assets: $305,181
- Total Liabilities: $36,524
- Net Assets: $268,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,130,646
Organization Details
Founding Year
1978
Phone
(402) 342-1101Principal Officer
Mike Andersen
Main Address
256 N 115th Street Suite 10, OMAHA, NE, 68154
NTEE Category
Code: Y40 - Mutual benefit
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