Overview
What is Hawaii Electricians Health And Welfare Fund?
The Hawaii Electricians Health and Welfare Fund is a collective bargaining multi-employer plan based in Honolulu, Hawaii. This nonprofit organization provides health and welfare benefits to eligible participants and their dependents, as outlined by the plan rules and regulations. The fund's primary focus is on offering self-insured benefits, with significant allocations towards medical ($16.5M), dental ($2.8M), and prescription drugs ($4.9M).
What are the reviews and ratings of this charity?
The Hawaii Electricians Health And Welfare Fund is not currently rated by Charity Navigator. This absence of a rating is due to its status as a non-501(c)(3) organization, which precludes it from the standard evaluation methodologies such as Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability. Therefore, the lack of a rating does not imply any specific assessment, positive or negative.
The organization is independently operated and not affiliated with larger entities, which suggests an autonomous governance structure. Charity Navigator does provide foundational data such as its independent status and information from the IRS Business Master File, but there are no financial details like total revenue, expenses, or salaries of key persons available to the public through this platform.
Without the Charity Navigator rating or user reviews on GreatNonprofits, there is limited information available to comprehensively assess the organization's performance or reputation in areas beyond foundational data.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Electricians Health And Welfare Fund legitimate?
Hawaii Electricians Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaii Electricians 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.
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What is the mission statement of Hawaii Electricians Health And Welfare Fund?
The Hawaii Electricians Health and Welfare Fund serves as a collectively bargained multi-employer plan, delivering health and welfare benefits to eligible participants and their dependents according to established rules and regulations. Its primary goal is to provide self-insured benefits to those who meet the eligibility criteria. Major benefit categories include medical coverage, totaling $16.5 million, dental services, amounting to $2.8 million, and prescription drugs, with an expenditure of approximately $4.9 million.
Who is the CEO of Hawaii Electricians Health And Welfare Fund?
Tracy Hayashi Al Itamot is the Union Trustee of Hawaii Electricians Health And Welfare Fund.
What is the revenue of Hawaii Electricians Health And Welfare Fund?
Hawaii Electricians Health And Welfare Fund's revenue in 2022 was $25,134,723.
Who are the executives of Hawaii Electricians Health And Welfare Fund and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Hawaii Electricians Health And Welfare Fund?
Hawaii Electricians Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaii Electricians Health And Welfare Fund
The Hawaii Electricians Health and Welfare Fund is a collectively bargained multi-employer plan, dedicated to delivering health and welfare benefits to eligible participants and their dependents. In accordance with the established plan rules and regulations, this organization offers self-insured benefits as a commitment to the workforce.
With a substantial investment in medical coverage totaling $16.5 million, the Hawaii Electricians Health and Welfare Fund prioritizes the wellbeing of its members. Furthermore, the fund sets aside $4.5 million for prescription drugs, $2.8 million for dental coverage, and an additional $300,000 for other drug-related expenses. By providing these comprehensive benefits, the organization ensures that its participants and their dependents have access to essential healthcare services.
In essence, the Hawaii Electricians Health and Welfare Fund serves as a vital safety net for eligible individuals, securing their access to comprehensive healthcare services. By pooling resources from various employers in the industry, the Fund is able to offer competitive and comprehensive benefits to its participants. This collective approach not only benefits the individual members but also strengthens the electrician community by ensuring the availability of a skilled and healthy workforce.
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Impact
October, 2024
The Hawaii Electricians Health and Welfare Fund plays a crucial role in providing essential health and welfare benefits to eligible participants and their dependents in the electrician trade. As a collectively bargained multiemployer plan, it ensures that workers have access to comprehensive medical, dental, and prescription drug coverage.
The fund's financial impact includes significant investments in healthcare services, with over $16 million allocated for medical expenses, more than $4.5 million for prescription drugs, and nearly $2.8 million for dental care. This financial support not only aids electricians in maintaining their health but also contributes to a more stable workforce by reducing out-of-pocket costs and enhancing overall well-being.
By offering self-insured benefits tailored to the specific needs of participants, the fund helps to alleviate the financial burden associated with healthcare, fostering a healthier community and ensuring that members can focus on their work without the constant worry of medical expenses.
This information is meant to be a general summary of Hawaii Electricians 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,530,734
- Program Service Revenue: $21,603,989
- Gross Receipts: $125,608,555
Assets and Liabilities:
- Total Assets: $86,546,798
- Total Liabilities: $3,830,375
- Net Assets: $82,716,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$20,142,084
RETIREES CONTRIBUTIONS
Revenue
$1,164,384
SELF PAY CONTRIBUTIONS
Revenue
$285,780
LIQUIDATED DAMAGES
Revenue
$11,359
OTHER
Revenue
$382
Organization Details
Founding Year
1962
Phone
(808) 841-6169Principal Officer
Tracy Hayashi Al Itamot
Main Address
1935 HAU STREET 450, HONOLULU, HI, 96819
NTEE Category
Code: Y40 - Mutual benefit
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