Overview
What is Operating Engineers Local 501 Security Fund?
The Operating Engineers Local 501 Security Fund is a non-profit organization headquartered in West Covina, California. Their primary goal is to extend health and welfare benefits to their participants and their dependents. This non-profit organization is dedicated to ensuring the wellbeing of its members through a range of programs. By focusing on health and welfare, they aim to enhance the quality of life for those involved.
Official website here: www.ourbenefitoffice.com/oelocal501/benefits
What are the reviews and ratings of this charity?
The Operating Engineers Local 501 Security Fund is currently not rated by Charity Navigator due to its classification outside of the 501(c)(3) IRS registered nonprofit category. Charity Navigator evaluation methods primarily apply to such organizations; therefore, this fund's absence of a rating does not imply any specific positive or negative connotations.
Historically, Charity Navigator ratings emphasize Accountability and Finance scores, which require detailed financial records often unavailable for organizations like this fund. Thus, even under past methodologies, meaningful insights into this fund's performance may not have been feasible.
As no user reviews are available on GreatNonprofits, we lack qualitative feedback from stakeholders or beneficiaries that could paint a more comprehensive picture of the fund's community impact or operations.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers Local 501 Security Fund legitimate?
Operating Engineers Local 501 Security Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Operating Engineers Local 501 Security 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:
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For more financial information, click here
Official website here: www.ourbenefitoffice.com/oelocal501/benefits
What is the mission statement of Operating Engineers Local 501 Security Fund?
The Operating Engineers Local 501 Security Fund is a non-profit organization dedicated to offering health and welfare benefits for its participants and their dependents. The primary goal of this organization is to ensure the well-being of its members by providing essential coverage. The mission of the Fund is to enhance the quality of life for its members through comprehensive healthcare benefits. The organization's programs cater to both participants and their families, ensuring they have access to crucial health services. The Fund's commitment to the health and welfare of its members underscores its importance within the community.
Official website here: www.ourbenefitoffice.com/oelocal501/benefits
Who is the CEO of Operating Engineers Local 501 Security Fund?
Edward Curly is the Chairman of Operating Engineers Local 501 Security Fund.
Official website here: www.ourbenefitoffice.com/oelocal501/benefits
What is the revenue of Operating Engineers Local 501 Security Fund?
Operating Engineers Local 501 Security Fund's revenue in 2022 was $56,913,937.
Official website here: www.ourbenefitoffice.com/oelocal501/benefits
Who are the executives of Operating Engineers Local 501 Security Fund and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.ourbenefitoffice.com/oelocal501/benefits
Where can I find the form 990 for Operating Engineers Local 501 Security Fund?
Operating Engineers Local 501 Security Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ourbenefitoffice.com/oelocal501/benefits
Learn more at the official website: www.ourbenefitoffice.com/oelocal501/benefits
Mission Statement of Operating Engineers Local 501 Security Fund
The Operating Engineers Local 501 Security Fund is a dedicated non-profit organization with a mission to extend health and welfare benefits to its members and their dependents. Established to cater to the needs of its participants, the Fund ensures their wellbeing is prioritized through a range of programs.
In simple terms, the Operating Engineers Local 501 Security Fund exists to improve the quality of life for its beneficiaries by addressing their health and welfare concerns. The organization's unwavering commitment is evident in its comprehensive set of programs designed to meet the diverse needs of its members and their families.
By providing critical health and welfare benefits, the Operating Engineers Local 501 Security Fund plays a significant role in enabling its participants to focus on their personal and professional growth, knowing they have essential support in place. The organization's mission extends far beyond offering mere financial assistance, as it strives to create a safety net that fosters peace of mind and improved overall wellbeing for those it serves.
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Impact
October, 2024
The Operating Engineers Local 501 Security Fund plays a crucial role in enhancing the well-being of its participants and their families by providing essential health and welfare benefits. Located in West Covina, CA, the fund ensures that members have access to vital healthcare services, contributing to the overall quality of life for the workforce it serves. By focusing on the health needs of participants and dependents, the fund helps alleviate financial burdens associated with medical expenses, fostering a more secure and healthy community. This support not only improves individual health outcomes but also strengthens the resilience of families within the operating engineering sector. The fund's commitment to mutual benefit reinforces the importance of collective support in achieving secure health and welfare for all participants.
This information is meant to be a general summary of Operating Engineers Local 501 Security 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: $1,649,331
- Program Service Revenue: $55,100,818
- Gross Receipts: $65,595,720
Assets and Liabilities:
- Total Assets: $102,185,036
- Total Liabilities: $13,827,759
- Net Assets: $88,357,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$51,259,715
Participant Contributions
Revenue
$2,189,815
Stop Loss Reimbursement
Revenue
$890,284
Prescription Rebate
Revenue
$761,004
Organization Details
Founding Year
1952
Phone
(626) 646-1079Principal Officer
Edward Curly
Main Address
PO BOX 990, WEST COVINA, CA, 91793
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Operating Engineers Local 501 Security Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.