Lyle Hughart Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 736094616 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(9)

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Overview

What is Lyle Hughart Welfare Fund?

The Lyle Hughart Welfare Fund is a self-insured welfare plan, serving as a benevolent organization. It offers health and welfare benefits to eligible union employees, whose employers have consented to abide by the collective bargaining agreement. The primary objective of this trust is to provide medical and prescription coverage to these employees, aiming to enhance their overall wellbeing.

Is Lyle Hughart Welfare Fund legitimate?

Lyle Hughart Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lyle Hughart 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.


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 Lyle Hughart Welfare Fund?

The Lyle Hughart Welfare Fund serves as a self-insured welfare plan, established with the purpose of providing benefits to eligible union employees. Employers who adhere to the collective bargaining agreement are bound to this fund. Its primary mission is to offer comprehensive health and welfare benefits, encompassing medical and prescription coverage, to these qualified employees. The trust aims to ensure the well-being and health of the union workforce by providing these essential benefits.

Who is the CEO of Lyle Hughart Welfare Fund?

Joe A Mckenzie is the Trustee of Lyle Hughart Welfare Fund.

What is the revenue of Lyle Hughart Welfare Fund?

Lyle Hughart Welfare Fund's revenue in 2022 was $4,637,467.

Who are the executives of Lyle Hughart Welfare Fund and what are their salaries?


Here are 6 key members and their salaries:


Joe A Mckenzie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry G Hovarter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Kirk (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Clark (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hank Reaves (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Bellmon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lyle Hughart Welfare Fund?

Lyle Hughart Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lyle Hughart Welfare Fund

The Lyle Hughart Welfare Fund, named after its self-insured welfare plan, is established with a mission to provide health and welfare benefits to qualifying union employees. Employers who are bound by the collective bargaining agreement are the ones who avail of these benefits for their workers. The trust's primary objective is to ensure that these union employees have access to medical and prescription coverage, thereby maintaining their well-being and overall health. This mission is carried out through the welfare plan, which is a crucial component of the collective bargaining agreement. The Lyle Hughart Welfare Fund serves as a safety net for these employees, providing them with essential benefits to enhance their quality of life.

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Impact




October, 2024

The Lyle Hughart Welfare Fund plays a crucial role in enhancing the health and welfare of qualifying union employees in Oklahoma City. By establishing a self-insured welfare plan, it ensures that these employees receive essential benefits, including medical and prescription coverage. This initiative not only provides financial security to union members but also promotes better health outcomes, enabling workers to focus on their jobs without the burden of exorbitant healthcare costs. The Fund's commitment to supporting those bound by collective bargaining agreements underscores its dedication to mutual benefit and worker welfare, fostering a more resilient workforce within the community.




This information is meant to be a general summary of Lyle Hughart 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.

Revenue
$4,637,467 (2022)
Expenses
$3,834,059 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $247,345
  • Program Service Revenue: $4,383,878
  • Gross Receipts: $4,637,467

Assets and Liabilities:

  • Total Assets: $8,261,804
  • Total Liabilities: $376
  • Net Assets: $8,261,428

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRIBUTIONS - EMPLOY

Revenue

$4,334,004

CONTRIBUTIONS - SELF P

Revenue

$49,874

Organization Details

Founding Year

1956

Principal Officer

Joe A Mckenzie

Main Address

3717 NW 63RD STREET 100, OKLAHOMA CITY, OK, 73116

NTEE Category

Code: Y40 - Mutual benefit

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