Overview
What is Operating Engineers Union 3 Pensioned Health & Welfare Fund?
The Operating Engineers Union 3 Pensioned Health & Welfare Fund is a nonprofit organization dedicated to delivering healthcare benefits to eligible operating engineers during their retirement years. Based in Alameda, California, at 1141 Harbor Bay PKWY STE 100, this fund caters to operating engineers who are covered by collective bargaining agreements. Its primary mission is to ensure retirees have access to essential healthcare services, fulfilling a crucial role in their golden years.
What are the reviews and ratings of this charity?
The Operating Engineers Union 3 Pensioned Health & Welfare Fund is currently not rated by Charity Navigator as it does not meet the necessary criteria for their evaluation. Charity Navigator primarily assesses 501(c)(3) organizations, while this fund is not classified as one, thus making it ineligible for their Accountability & Finance methodology. The absence of a rating should not be seen as an indication of the organization's performance, either positively or negatively.
The lack of a current Charity Navigator rating highlights the limitations in assessing the fund through typical non-profit evaluation frameworks, as it does not fit the traditional non-profit structure. Furthermore, historical ratings did not incorporate modern metrics such as Leadership & Adaptability or Culture & Community, which are increasingly recognized as important aspects of organizational effectiveness.
As there are no user reviews available from GreatNonprofits, it is challenging to glean insights from participant or beneficiary experiences with the organization. Consequently, the general public has limited information to evaluate the organization's performance and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers Union 3 Pensioned Health & Welfare Fund legitimate?
Operating Engineers Union 3 Pensioned Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Operating Engineers Union 3 Pensioned Health & 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 Operating Engineers Union 3 Pensioned Health & Welfare Fund?
The Operating Engineers Union 3 Pensioned Health & Welfare Fund is dedicated to providing healthcare benefits to eligible operating engineers during their retirement years. This mission is fulfilled through the collective bargaining agreements that cover these engineers. The Fund's primary goal is to ensure that these retirees have access to essential healthcare services, contributing to their overall well-being in their post-career life. By delivering comprehensive healthcare coverage, the Union's Health & Welfare Fund aims to alleviate the financial burden and concerns surrounding healthcare for the retired operating engineers. The Fund's commitment to maintaining the health and welfare of its members continues even after their retirement, reflecting a strong sense of solidarity and support within the operating engineers community.
Who is the CEO of Operating Engineers Union 3 Pensioned Health & Welfare Fund?
Dan Reding is the Trustee of Operating Engineers Union 3 Pensioned Health & Welfare Fund.
What is the revenue of Operating Engineers Union 3 Pensioned Health & Welfare Fund?
Operating Engineers Union 3 Pensioned Health & Welfare Fund's revenue in 2022 was $119,278,066.
Who are the executives of Operating Engineers Union 3 Pensioned Health & Welfare Fund and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Operating Engineers Union 3 Pensioned Health & Welfare Fund?
Operating Engineers Union 3 Pensioned Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Operating Engineers Union 3 Pensioned Health & Welfare Fund
Operating Engineers Union 3 Pensioned Health & Welfare Fund is a nonprofit organization committed to extending healthcare benefits to eligible operating engineers who have reached retirement age. This fund, as a part of the collective bargaining agreements, ensures these engineers maintain access to essential healthcare services as they transition into retirement.
The primary mission of Operating Engineers Union 3 Pensioned Health & Welfare Fund is to provide comprehensive healthcare coverage for its beneficiaries. By doing so, the organization enables retirees to focus on their well-being and enjoy their golden years without the added stress of worrying about healthcare expenses. The healthcare benefits encompass a wide range of services, ensuring that the retirees have access to the medical care they need.
The Fund's dedication to the well-being of its members extends beyond retirement. By offering healthcare benefits as part of the collective bargaining agreements, Operating Engineers Union 3 Pensioned Health & Welfare Fund demonstrates its commitment to the long-term financial and health security of its members. This commitment gives peace of mind to operating engineers, knowing that their healthcare needs will be addressed not only during their working years but also throughout their retirement.
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Impact
October, 2024
The Operating Engineers Union 3 Pensioned Health & Welfare Fund plays a crucial role in enhancing the quality of life for eligible operating engineers during their retirement years. By providing comprehensive healthcare benefits, it ensures that these skilled workers have access to necessary medical services, which can significantly reduce the financial burden associated with healthcare costs in retirement.
This fund supports the well-being of its members by fulfilling the healthcare promises made through collective bargaining agreements. It addresses critical health needs, empowering retirees to maintain their health and independence. Furthermore, the stability provided by the fund contributes to the overall financial security of retirees, allowing them to focus on enjoying their retirement rather than worrying about looming medical expenses. In essence, the fund plays an integral part in fostering a secure and healthy retirement for operating engineers, underscoring its impact on their lives and families.
This information is meant to be a general summary of Operating Engineers Union 3 Pensioned Health & 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: $3,625,726
- Program Service Revenue: $115,345,110
- Gross Receipts: $215,401,835
Assets and Liabilities:
- Total Assets: $267,935,818
- Total Liabilities: $15,288,454
- Net Assets: $252,647,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$82,283,306
PARTICIPANT CONTRIBUTIONS
Revenue
$33,061,804
Organization Details
Founding Year
1962
Phone
(510) 671-8800Principal Officer
Dan Reding
Main Address
1141 HARBOR BAY PKWY STE 100, ALAMEDA, CA, 94502
NTEE Category
Code: Y40 - Mutual benefit
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