Sacramento Area Electrical Workers Health And Welfare Trust Fund

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

EIN: 942773477 ✦ Alameda, CA ✦ Designated as a 501(c)(9)

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Overview

What is Sacramento Area Electrical Workers Health And Welfare Trust Fund?

The Sacramento Area Electrical Workers Health and Welfare Trust Fund is a nonprofit organization dedicated to providing health care benefits to eligible participants in accordance with the terms of the collective bargaining agreement between the employers and the union. Based in Alameda, California, specifically at 1141 Harbor Bay PKWY STE 100, the Trust Fund's primary mission revolves around delivering essential healthcare benefits to its participants. By adhering to the collective bargaining agreement, the organization ensures access to comprehensive healthcare solutions for its members, ultimately contributing to their overall well-being and quality of life.

Is Sacramento Area Electrical Workers Health And Welfare Trust Fund legitimate?

Sacramento Area Electrical Workers Health And Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sacramento Area Electrical Workers Health And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Sacramento Area Electrical Workers Health And Welfare Trust Fund?

The Sacramento Area Electrical Workers Health and Welfare Trust Fund is dedicated to providing eligible participants with health care benefits, in accordance with the terms of the collective bargaining agreement between their employers and the union. By doing so, the Trust Fund ensures that the health and wellbeing needs of its members are met. Through this commitment, the organization contributes to the overall well-being and peace of mind of the electrical workers and their families. The Trust Fund's primary activity centers around administering and managing these health care benefits for its eligible members. The Trust Fund's mission aligns with the collective goal of the union and employers to provide essential health care coverage for their workforce.

Who is the CEO of Sacramento Area Electrical Workers Health And Welfare Trust Fund?

Fran Mcdermott is the Trustee of Sacramento Area Electrical Workers Health And Welfare Trust Fund.

What is the revenue of Sacramento Area Electrical Workers Health And Welfare Trust Fund?

Sacramento Area Electrical Workers Health And Welfare Trust Fund's revenue in 2022 was $21,671,637.

Who are the executives of Sacramento Area Electrical Workers Health And Welfare Trust Fund and what are their salaries?


Here are 6 key members and their salaries:


Cliff Franklin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Mcdermott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Schetter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Griffith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Franklin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Ward (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sacramento Area Electrical Workers Health And Welfare Trust Fund?

Sacramento Area Electrical Workers Health And Welfare Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sacramento Area Electrical Workers Health And Welfare Trust Fund

The Sacramento Area Electrical Workers Health and Welfare Trust Fund is a dedicated organization committed to delivering health care benefits to eligible participants in accordance with the terms of the collective bargaining agreement between the employers and the union. This nonprofit institution serves a vital role in ensuring the wellbeing of its beneficiaries by adhering to the provisions outlined in the labor contract.

In simple terms, the Sacramento Area Electrical Workers Health and Welfare Trust Fund exists to extend health care advantages to those who meet the eligibility criteria, as outlined by the collective bargaining agreement negotiated between the union and the employers. By providing these essential benefits, the Trust Fund enhances the quality of life and overall health of its members. The organization's unwavering commitment to its mission is reflected in its steadfast adherence to the terms of the labor agreement.

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Impact




October, 2024

The Sacramento Area Electrical Workers Health and Welfare Trust Fund plays a significant role in supporting the health and well-being of eligible participants through the provision of health care benefits. By adhering to the terms set forth in the collective bargaining agreement between employers and the union, the Fund ensures that union members and their families have access to necessary medical services. This not only contributes to improved health outcomes but also fosters economic stability for families by alleviating the financial burdens often associated with healthcare costs. Ultimately, the Trust Fund strengthens the community by promoting healthier lives and supporting the workforce in the electrical sector.




This information is meant to be a general summary of Sacramento Area Electrical Workers Health And 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.

Revenue
$21,671,637 (2022)
Expenses
$22,414,307 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$755,595
  • Program Service Revenue: $22,427,232
  • Gross Receipts: $92,028,613

Assets and Liabilities:

  • Total Assets: $53,827,314
  • Total Liabilities: $10,099,211
  • Net Assets: $43,728,103

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$22,397,830

COBRA CONTRIBUTIONS

Revenue

$29,402

Organization Details

Founding Year

1981

Principal Officer

Fran Mcdermott

Main Address

1141 HARBOR BAY PKWY STE 100, ALAMEDA, CA, 94502

NTEE Category

Code: Y40 - Mutual benefit

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