Overview
What is Seiu Health And Welfare Fund?
The Service Employees International Union Health and Welfare Fund is a jointly managed, multi-employer health and welfare plan based in Washington, D.C. This nonprofit organization provides essential health benefits, including medical, dental, vision, prescription, life insurance, and accidental death and dismemberment insurance, to eligible participants through collectively bargained agreements. It operates as a self-insured and insured entity, ensuring comprehensive coverage for the beneficiaries.
What are the reviews and ratings of this charity?
The SEIU Health and Welfare Fund is not currently rated by Charity Navigator. This is primarily because the organization is not registered as a 501(c)(3) nonprofit, which makes it ineligible for evaluation under Charity Navigator's typical criteria that focus on financial health and accountability. The absence of a rating is, therefore, not indicative of either a positive or negative standing.
Charity Navigator uses various beacons, like Accountability & Finance and Impact & Measurement, for its ratings. However, SEIU Health and Welfare Fund's unique organizational structure means it hasn't been assessed under these beacons. Moreover, without access to data on revenue, expenses, or leader salaries, it's challenging to evaluate its financial stewardship or leadership effectiveness through this platform.
There are no user reviews from GreatNonprofits for SEIU Health and Welfare Fund. This absence of direct feedback leaves a gap in understanding how beneficiaries or stakeholders experience the organization's services or impact. Consequently, public insights into customer satisfaction or organizational culture are unfortunately limited.
This AI summary has been generated from information found on Charity Navigator.
Is Seiu Health And Welfare Fund legitimate?
Seiu Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Seiu Health And Welfare 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.
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What is the mission statement of Seiu Health And Welfare Fund?
The Service Employees International Union Health and Welfare Fund functions as a collectively bargained, multi-employer health and welfare plan. This self-insured and insured program is jointly managed under the auspices of the Taft-Harley Agreement. The primary objective of the Fund is to offer essential health and welfare benefits to eligible participants. These benefits encompass medical, dental, vision, prescription, life insurance, and accidental death and dismemberment coverage. The Fund is dedicated to ensuring the well-being of its members by providing comprehensive and necessary health services.
Who is the CEO of Seiu Health And Welfare Fund?
Megan Sweeney is the Union Trustee of Seiu Health And Welfare Fund.
What is the revenue of Seiu Health And Welfare Fund?
Seiu Health And Welfare Fund's revenue in 2022 was $52,479,632.
Who are the executives of Seiu Health And Welfare Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Seiu Health And Welfare Fund?
Seiu Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seiu Health And Welfare Fund
Seiu Health and Welfare Fund, a Taft-Harley, multi-employer, collectively bargained health and welfare plan, is dedicated to providing essential medical, dental, vision, prescription, life insurance, and accidental death and dismemberment insurance to eligible participants. This jointly managed fund, which is self-insured and insured, aims to safeguard the wellbeing of its members by ensuring they have access to comprehensive healthcare services. By leveraging the collective bargaining power of the Service Employees International Union, the Fund is able to offer competitive and comprehensive benefits to its participants. The organization's mission is to improve and maintain the health and well-being of its members, providing them with peace of mind and security through accessible and affordable healthcare coverage. In doing so, Seiu Health and Welfare Fund empowers its members to focus on their personal and professional growth, knowing that their essential healthcare needs are taken care of.
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Impact
October, 2024
The SEIU Health and Welfare Fund plays a critical role in providing essential health and welfare benefits to eligible participants. By offering comprehensive medical, dental, vision, and prescription coverage, as well as life insurance and accidental death and dismemberment insurance, it significantly enhances the well-being of its members.
As a jointly managed Taft-Hartley multi-employer plan, it addresses the unique needs of workers in various industries, fostering a collective bargaining approach that empowers employees. This model not only ensures accessibility to crucial health services but also promotes financial security for individuals and their families.
Moreover, the Fund contributes to community health by facilitating preventive care and maintaining a healthier workforce, ultimately benefiting the economy through reduced healthcare costs and increased productivity. Through its mission, the SEIU Health and Welfare Fund emphasizes mutual benefit, actively supporting the livelihoods of workers and strengthening their ability to thrive in a challenging environment.
This information is meant to be a general summary of Seiu Health And Welfare 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: $276,997
- Program Service Revenue: $51,209,848
- Gross Receipts: $144,774,728
Assets and Liabilities:
- Total Assets: $42,032,432
- Total Liabilities: $1,762,173
- Net Assets: $40,270,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$50,916,403
EMPLOYEE CONTRIBUTIONS
Revenue
$293,445
Organization Details
Founding Year
1969
Phone
(202) 730-7511Principal Officer
Megan Sweeney
Main Address
1800 MASSACHUSETTS AVE NW 301, WASHINGTON, DC, 20036
NTEE Category
Code: Y40 - Mutual benefit
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