Masons' Health And Welfare Trust Fund

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

EIN: 996014747 ✦ Honolulu, HI ✦ Designated as a 501(c)(9)

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Overview

What is Masons' Health And Welfare Trust Fund?

The Masons' Health and Welfare Trust Fund is a nonprofit organization located at 560 North Nimitz Highway Suite 209, Honolulu, Hawaii, 96817. Established to provide healthcare and welfare benefits, the Trust Fund supports eligible individuals and their dependents through various partnerships with organizations like HMAA, Kaiser, and HMSA. In total, the Trust Fund has allocated over $13.5 million (as stated in the information) towards these partnerships. By fulfilling the eligibility requirements set forth in the governing documents, individuals can access essential health and welfare benefits provided by the Trust Fund.

Is Masons' Health And Welfare Trust Fund legitimate?

Masons' Health And Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Masons' 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 Masons' Health And Welfare Trust Fund?

The Masons' Health and Welfare Trust Fund is dedicated to extending health and welfare benefits to individuals who meet specific eligibility criteria. According to its mission, the organization offers medical and drug benefits to eligible participants and their dependents, ensuring they receive necessary coverage. The governing documents of the Trust determine eligibility for these benefits, which currently include plans from HMAA, Kaiser, and HMSA, with respective funding amounts of $9,781,468, $2,861,311, and $803,345.

Who is the CEO of Masons' Health And Welfare Trust Fund?

Peter Iriarte Michael M is the Labor Trustee of Masons' Health And Welfare Trust Fund.

What is the revenue of Masons' Health And Welfare Trust Fund?

Masons' Health And Welfare Trust Fund's revenue in 2023 was $15,679,432.

Who are the executives of Masons' Health And Welfare Trust Fund and what are their salaries?


Here are 12 key members and their salaries:


Peter Iriarte (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Ornellas (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maxcimo Manipon (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zach Bonilla (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin Silva Jr (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lovediro (Labor Trustee (Alternate))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Inouye (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis Pascual (Management Trustee (Altern)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mcfarlane (Managment Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claude Matsumoto (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mazzone (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Hedani (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Masons' Health And Welfare Trust Fund?

Masons' Health And Welfare Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Masons' Health And Welfare Trust Fund

Masons' Health and Welfare Trust Fund is a charitable organization dedicated to extending health and welfare benefits to eligible individuals. In accordance with its governing documents, the Trust Fund's mission is to provide essential medical and drug coverage to those who meet the specified eligibility criteria.

The Trust Fund's primary focus is on delivering vital health and welfare services to its beneficiaries. Two significant programs under its umbrella include coverage through HMAA, amounting to $9,781,468, and Kaiser, which accounts for $2,861,311. Furthermore, HMSA is another program under the Trust Fund, allocated $803,345 for health and welfare benefits.

Through these programs, Masons' Health and Welfare Trust Fund ensures that eligible participants and their dependents have access to essential medical and drug benefits. By prioritizing the health and wellbeing of those in need, the Trust Fund plays a pivotal role in enhancing the quality of life for its beneficiaries.

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Impact




October, 2024

Masons' Health And Welfare Trust Fund significantly enhances the well-being of individuals and their dependents by providing essential health and welfare benefits. By offering medical and drug benefits through established partnerships with prominent health care providers, such as HMAA, Kaiser, and HMSA, the fund ensures that eligible participants receive comprehensive health coverage.

In financial terms, the fund has allocated substantial resources, with HMAA receiving over $9.7 million, Kaiser over $2.8 million, and HMSA over $800,000. This investment not only addresses immediate healthcare needs but also fosters a healthier community overall. By satisfying specific eligibility requirements, individuals gain access to critical care that can ultimately improve their quality of life. The mission to support and protect the health of participants underlines the trust fund's commitment to promoting mutual benefit within the community in Honolulu, HI.




This information is meant to be a general summary of Masons' 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
$15,679,432 (2023)
Expenses
$15,912,757 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $193,233
  • Program Service Revenue: $15,486,199
  • Gross Receipts: $20,773,469

Assets and Liabilities:

  • Total Assets: $13,206,387
  • Total Liabilities: $0
  • Net Assets: $13,206,387

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$14,595,084

EMPLOYEE CONTRIBUTIONS

Revenue

$864,444

LIQUIDATED DAMAGES

Revenue

$26,671

Organization Details

Founding Year

1967

Principal Officer

Peter Iriarte Michael M

Main Address

560 NORTH NIMITZ HIGHWAY SUITE 209, HONOLULU, HI, 96817

NTEE Category

Code: Y40 - Mutual benefit

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