Overview
What is Electrical Welfare Trust Fund?
The Electrical Welfare Trust Fund is a nonprofit organization, located at 10003 Derekwood Lane 130, Lanham, MD 20706, dedicated to providing healthcare and welfare benefits for eligible participants and their dependents. Agreed upon by the National Electrical Contractors Association - Washington, DC Chapter and IBEW Local Union No. 26, the Fund offers a range of benefits including accident, hospital, medical, surgical, dental, prescription, vision, disability, employee assistance, and death benefits. With a staff of 43 individuals, this organization prioritizes the wellbeing of its members by delivering on the agreed-upon benefits as part of their cooperative mission between the two organizations.
Official website here: www.ewtf.org
Is Electrical Welfare Trust Fund legitimate?
Electrical Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Welfare Trust 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: $239,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,056,679
For more financial information, click here
Official website here: www.ewtf.org
What is the mission statement of Electrical Welfare Trust Fund?
The Electrical Welfare Trust Fund is dedicated to providing welfare benefits for eligible participants as per the agreements reached between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers Local Union No. 26. This organization offers a range of benefits including accident, hospital, medical, surgical, dental, prescription, vision, disability, employee assistance, and death benefits to eligible individuals. The mission of the Electrical Welfare Trust Fund is to ensure the health and wellbeing of its participants and their dependents.
Official website here: www.ewtf.org
Who is the CEO of Electrical Welfare Trust Fund?
Thomas Myers is the Trustee of Electrical Welfare Trust Fund.
Official website here: www.ewtf.org
What is the revenue of Electrical Welfare Trust Fund?
Electrical Welfare Trust Fund's revenue in 2022 was $163,909,999.
Official website here: www.ewtf.org
Who are the executives of Electrical Welfare Trust Fund and what are their salaries?
The average compensation at Electrical Welfare Trust Fund during 2022 was $99,906. There are 43 employees at Electrical Welfare Trust Fund.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $196,184
- Other: $43,894
- Compensation: $200,920
- Related: $0
- Other: $38,357
- Compensation: $0
- Related: $182,624
- Other: $43,487
- Compensation: $0
- Related: $169,028
- Other: $43,079
- Compensation: $160,600
- Related: $0
- Other: $38,362
- Compensation: $0
- Related: $167,340
- Other: $21,515
- Compensation: $140,394
- Related: $0
- Other: $38,373
- Compensation: $131,845
- Related: $0
- Other: $45,273
- Compensation: $124,114
- Related: $0
- Other: $40,351
- Compensation: $122,655
- Related: $0
- Other: $41,363
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ewtf.org
Where can I find the form 990 for Electrical Welfare Trust Fund?
Electrical Welfare Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ewtf.org
Learn more at the official website: www.ewtf.org
Mission Statement of Electrical Welfare Trust Fund
The Electrical Welfare Trust Fund, a cooperative initiative between the National Electrical Contractors Association - Washington, DC Chapter and International Brotherhood of Electrical Workers Local Union No. 26, is dedicated to delivering welfare benefits to eligible participants as outlined in their mutual agreement. This nonprofit organization aims to provide comprehensive health and wellbeing support, encompassing accident, hospital, medical, surgical, dental, prescription, vision, disability, employee assistance, and death benefits for those who meet the specified eligibility criteria. With a focus on securing the physical and emotional well-being of its members, the Electrical Welfare Trust Fund strives to ensure that its participants and their dependents have access to essential services and resources when they need them most. Through its mission, the organization plays a vital role in safeguarding the peace of mind and overall well-being of the electrical workforce community.
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Impact
October, 2024
The Electrical Welfare Trust Fund significantly enhances the health and well-being of eligible participants and their families. By providing comprehensive welfare benefits, including accident, hospital, medical, surgical, dental, prescription, vision, and disability coverage, it ensures that individuals have access to essential healthcare services.
The fund also offers employee assistance programs and death benefits, supporting both physical health and emotional well-being. This robust framework not only improves the quality of life for participants but also promotes financial stability and security for their dependents. In doing so, the Electrical Welfare Trust Fund fosters a more productive and resilient workforce within the electrical contracting industry in the Washington, DC area.
This information is meant to be a general summary of Electrical Welfare Trust 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: $8,143,802
- Program Service Revenue: $155,653,177
- Gross Receipts: $237,111,397
Assets and Liabilities:
- Total Assets: $265,625,786
- Total Liabilities: $3,118,583
- Net Assets: $262,507,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS FROM EMPLOYEES AND EMPLOYERS
Revenue
$155,653,177
Organization Details
Founding Year
1949
Phone
(301) 731-1050Principal Officer
Thomas Myers
Main Address
10003 DEREKWOOD LANE 130, LANHAM, MD, 20706
Website
www.ewtf.orgNTEE Category
Code: Y40 - Mutual benefit
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