Operating Engineers Health And Welfare Fund

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

EIN: 956034886 ✦ Pasadena, CA ✦ Designated as a 501(c)(9)

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Overview

What is Operating Engineers Health And Welfare Fund?

The Operating Engineers Health and Welfare Fund is a nonprofit organization designed to offer comprehensive benefits to eligible employees and their families. Through a multiemployer health benefit plan, they provide essential coverage, including hospital-medical, dental, vision, prescription drugs, life insurance, accidental death and dismemberment, and disability benefits. The Fund's mission ensures the well-being of its members by addressing various aspects of their health and healthcare needs.


Official website here: www.oefi.org

Is Operating Engineers Health And Welfare Fund legitimate?

Operating Engineers Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Operating Engineers 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.


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


Official website here: www.oefi.org

What is the mission statement of Operating Engineers Health And Welfare Fund?

The Operating Engineers Health and Welfare Fund offers health benefits to eligible employees and their families. This multiemployer health benefit plan includes coverage for hospital-medical, dental, vision, prescription drugs, life insurance, accidental death and dismemberment, and disability. The Fund aims to support the wellbeing of its members by providing comprehensive benefits to enhance their overall health and financial security. The plan's mission is to offer essential benefits to help members access quality healthcare and manage their health needs effectively. By providing these benefits, the Fund enables its members to focus on their work and personal lives with peace of mind, fostering a stronger and healthier workforce.


Official website here: www.oefi.org

Who is the CEO of Operating Engineers Health And Welfare Fund?

Michael B De Chellis is the Fund Manager of Operating Engineers Health And Welfare Fund.


Official website here: www.oefi.org

What is the revenue of Operating Engineers Health And Welfare Fund?

Operating Engineers Health And Welfare Fund's revenue in 2022 was $276,719,085.


Official website here: www.oefi.org

Who are the executives of Operating Engineers Health And Welfare Fund and what are their salaries?


Here are 20 key members and their salaries:


Joseph R Ehrbar (Fund Manager)
  • Compensation: $0
  • Related: $246,757
  • Other: $46,665
Michael B De Chellis (Assistant Fund Manager)
  • Compensation: $0
  • Related: $214,351
  • Other: $46,665
Larry Hopkins (Director Of Training)
  • Compensation: $0
  • Related: $196,468
  • Other: $56,532
Charles Killian (Chief Financial Officer)
  • Compensation: $0
  • Related: $204,049
  • Other: $46,665
Edik Magardomyan (Chief Information Officer)
  • Compensation: $0
  • Related: $186,117
  • Other: $46,665
Denise Darwin (Director Of It Applications)
  • Compensation: $0
  • Related: $167,443
  • Other: $46,665
Ronald J Sikorski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Davison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Garbarino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Kinsey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sikorski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perry Hawkins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Roddy (Trustee - Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Ryan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Crawford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Howard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Velasquez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaimie Angus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Chapman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Hunt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oefi.org

Where can I find the form 990 for Operating Engineers Health And Welfare Fund?

Operating Engineers Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oefi.org

Learn more at the official website: www.oefi.org

Mission Statement of Operating Engineers Health And Welfare Fund

The Operating Engineers Health and Welfare Fund is a multiemployer health benefit plan that plays a crucial role in providing eligible employees and their families with essential health benefits. In simple terms, this nonprofit organization ensures that its members have access to vital medical, dental, vision, prescription drug, life, accidental death and dismemberment, and disability coverage. By doing so, it empowers them to focus on their well-being and financial security, rather than worrying about the cost of healthcare services.

Through its mission, the Operating Engineers Health and Welfare Fund functions as a safety net, providing a wide range of benefits that cater to the diverse needs of its members. By offering hospital-medical, dental, vision, prescription drug, and disability benefits, this nonprofit organization ensures that its members can address their health concerns promptly and effectively. Furthermore, its provision of life, accidental death and dismemberment coverage adds an extra layer of protection, offering peace of mind to both the employees and their families.

In summary, the Operating Engineers Health and Welfare Fund serves as a vital resource for eligible employees and their families, providing them with access to comprehensive health benefits. By doing so, it enables them to focus on their well-being and financial stability, enabling them to live their lives to the fullest.

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Impact




October, 2024

The Operating Engineers Health and Welfare Fund significantly impacts eligible employees and their families by offering a comprehensive range of health benefits. By providing hospital-medical, dental, vision, prescription drug, life insurance, accidental death and dismemberment coverage, and disability benefits, the Fund plays a crucial role in enhancing the overall well-being of its members. This multiemployer health benefit plan helps alleviate financial burdens associated with medical expenses, ensuring that employees receive necessary care and support during critical times. Furthermore, by fostering a healthier workforce, the Fund contributes to improved job satisfaction and productivity within the construction industry. Overall, its services create a safety net that empowers workers and their families to navigate health challenges with greater assurance.




This information is meant to be a general summary of Operating Engineers 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.

Revenue
$276,719,085 (2022)
Expenses
$308,334,285 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,025,175
  • Program Service Revenue: $275,554,119
  • Gross Receipts: $376,977,000

Assets and Liabilities:

  • Total Assets: $155,541,589
  • Total Liabilities: $179,120,821
  • Net Assets: -$23,579,232

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$254,167,674

MEMBER SELF-PAYMENTS

Revenue

$20,809,922

DELINQUENT ASSESSMENTS AND PENALTIES

Revenue

$483,895

INTEREST ON DELINQUENT CONTRIBUTIONS

Revenue

$92,628

Organization Details

Founding Year

1954

Principal Officer

Michael B De Chellis

Main Address

100 CORSON ST, PASADENA, CA, 91103

NTEE Category

Code: Y40 - Mutual benefit

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