Overview
What is Iron Workers Locals 549 & 550 Medical & Benefit Fund?
The Iron Workers Locals 549 & 550 Medical & Benefit Fund is a nonprofit organization, specifically a defined benefit health and welfare plan, situated in Ona, West Virginia. Its primary mission is to provide a range of benefits, including accident, hospital, medical, surgical, disability, dental, prescription, and death coverage, to eligible members of Iron Workers Local 549 and 550 who meet certain service requirements with their employers. The plan caters to approximately 859 members and their families, ensuring their health and well-being through this comprehensive coverage. The fund is established and managed with a clear objective of providing benefits to its members and their beneficiaries, as outlined in the plan's documentation.
Is Iron Workers Locals 549 & 550 Medical & Benefit Fund legitimate?
Iron Workers Locals 549 & 550 Medical & Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Iron Workers Locals 549 & 550 Medical & Benefit 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 Iron Workers Locals 549 & 550 Medical & Benefit Fund?
The Iron Workers Locals 549 & 550 Medical & Benefit Fund is established with the mission to provide various benefits, including accident, hospital, medical, surgical, disability, dental, prescription, and death benefits, to eligible members of Iron Workers Locals 549 & 550 and their respective spouses and dependents. The trust fund, with the agreement of its trustees, is created to administer these benefits in accordance with the plan document, serving approximately 859 eligible members. The fund operates as a defined benefit health and welfare plan, offering benefits to those who have completed the required service hours with eligible employers.
Who is the CEO of Iron Workers Locals 549 & 550 Medical & Benefit Fund?
Kevin Coulter is the Co-Chairman/Employee Trust of Iron Workers Locals 549 & 550 Medical & Benefit Fund.
What is the revenue of Iron Workers Locals 549 & 550 Medical & Benefit Fund?
Iron Workers Locals 549 & 550 Medical & Benefit Fund's revenue in 2022 was $11,059,495.
Who are the executives of Iron Workers Locals 549 & 550 Medical & Benefit Fund and what are their salaries?
There are 5 employees at Iron Workers Locals 549 & 550 Medical & Benefit Fund.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $103,893
- Other: $84,478
- Compensation: $0
- Related: $84,158
- Other: $66,702
- Compensation: $0
- Related: $102,359
- Other: $84,118
- Compensation: $0
- Related: $66,497
- Other: $54,495
- Compensation: $0
- Related: $2,345
- Other: $0
- Compensation: $0
- Related: $8,022
- Other: $0
- Compensation: $0
- Related: $1,876
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,575
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iron Workers Locals 549 & 550 Medical & Benefit Fund?
Iron Workers Locals 549 & 550 Medical & Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iron Workers Locals 549 & 550 Medical & Benefit Fund
The Iron Workers Locals 549 & 550 Medical & Benefit Fund is a mission-driven organization, established with the primary objective of providing comprehensive medical and benefit coverage to eligible members of Iron Workers Locals 549 and 550, as well as their spouses and dependents. This trust fund, which is maintained by trustees, aims to deliver a range of benefits, including accident, hospital, medical, surgical, disability, dental, prescription, and death benefits, in accordance with the plan document.
The Iron Workers Locals 549 & 550 Medical & Benefit Plan operates as a defined benefit health and welfare plan, catering to approximately 859 eligible members. The plan is designed to offer these benefits to individuals who have completed the required service hours for an employer that falls under the terms of the collective bargaining agreements between the International Association of Bridge, Structural and Ornamental Ironworkers Local Unions 549 and 550, and the Ohio Valley Construction Employers Council Inc, as well as the Structural Contractors and Independent Employers Association of Canton Ohio. The fund's objective is to provide a safety net of benefits, ensuring that these workers and their families are supported during times of illness, injury, or loss.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Iron Workers Locals 549 & 550 Medical & Benefit Fund plays a crucial role in enhancing the well-being of eligible members and their families by offering a comprehensive range of benefits. This fund provides essential support, including accident, hospital, medical, surgical, disability, dental, prescription, and death benefits. By ensuring these vital health and welfare protections, the fund contributes significantly to the financial security and overall health of approximately 859 eligible members, their spouses, and dependents.
The plan operates as a defined benefit health and welfare initiative, requiring members to complete specific service hours with employers under collective bargaining agreements. This structured approach not only reinforces the commitment of the iron workers to their craft but also fosters a sense of community and mutual support among members. By bridging the gap between work-related risks and health care access, the fund ensures that members can focus on their labor without the constant worry of healthcare costs, thereby promoting stability in their families and the broader community.
In summary, the impact of Iron Workers Locals 549 & 550 Medical & Benefit Fund can be seen in the improved health outcomes, financial stability, and enhanced quality of life for its members and their families, reinforcing a strong support network within the ironworking community.
This information is meant to be a general summary of Iron Workers Locals 549 & 550 Medical & Benefit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $143,960
- Program Service Revenue: $10,915,529
- Gross Receipts: $11,059,495
Assets and Liabilities:
- Total Assets: $13,260,484
- Total Liabilities: $153,768
- Net Assets: $13,106,716
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$9,891,063
RETIREE AND MEMBER SELF-PAY
Revenue
$1,024,466
Organization Details
Founding Year
1975
Phone
(304) 399-9010Principal Officer
Kevin Coulter
Main Address
3150 US ROUTE 60, ONA, WV, 255459507
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Iron Workers Locals 549 & 550 Medical & Benefit Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.