International Union Of Operating Engineers Local 98 Health & Welfare Fund

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

EIN: 042123707 ✦ Southwick, MA ✦ Designated as a 501(c)(9)

Overview

What is International Union Of Operating Engineers Local 98 Health & Welfare Fund?

The International Union of Operating Engineers Local 98 Health & Welfare Fund is a nonprofit organization based in Southwick, Massachusetts. With a team of five dedicated individuals, they focus on extending health care and death benefits to eligible participants and their dependents. This fund serves an essential role in ensuring the wellbeing of its members by providing them with comprehensive coverage.


Official website here: www.iuoelocal98.org

Is International Union Of Operating Engineers Local 98 Health & Welfare Fund legitimate?

International Union Of Operating Engineers Local 98 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Union Of Operating Engineers Local 98 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $185,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,265

For more financial information, click here


Official website here: www.iuoelocal98.org

What is the mission statement of International Union Of Operating Engineers Local 98 Health & Welfare Fund?

The International Union Of Operating Engineers Local 98 Health & Welfare Fund is dedicated to extending health care benefits and coverage to eligible participants and their dependents. This organization's primary objective is to ensure the wellbeing of those it serves, offering both health care and death benefits to enhance their quality of life. Through the provision of these essential services, the Fund aims to provide peace of mind, ensuring that the needs of its members are met with care and compassion. By focusing on the health and welfare of its participants, the Fund strengthens the community it serves and fosters a sense of security and support among its members.


Official website here: www.iuoelocal98.org

Who is the CEO of International Union Of Operating Engineers Local 98 Health & Welfare Fund?

Kara Richotte is the Union Trustee/Chairman of International Union Of Operating Engineers Local 98 Health & Welfare Fund.


Official website here: www.iuoelocal98.org

What is the revenue of International Union Of Operating Engineers Local 98 Health & Welfare Fund?

International Union Of Operating Engineers Local 98 Health & Welfare Fund's revenue in 2022 was $16,334,126.


Official website here: www.iuoelocal98.org

Who are the executives of International Union Of Operating Engineers Local 98 Health & Welfare Fund and what are their salaries?

The average compensation at International Union Of Operating Engineers Local 98 Health & Welfare Fund during 2022 was $73,942. There are 5 employees at International Union Of Operating Engineers Local 98 Health & Welfare Fund.

Here are 8 key members and their salaries:

    William D Fay (Union Trustee/Chairman)
  • Compensation: $0
  • Related: $106,337
  • Other: $79,794

    • Kara Richotte (Fund Administrator)
  • Compensation: $108,282
  • Related: $0
  • Other: $77,163

    • David Kazimierczak (Union Trustee)
  • Compensation: $0
  • Related: $101,211
  • Other: $76,428

    • Keith Hancock (Union Trustee - Thru 12/2022)
  • Compensation: $0
  • Related: $101,200
  • Other: $76,428

    • Darrin Auger (Union Trustee - Eff 12/2022)
  • Compensation: $0
  • Related: $101,313
  • Other: $33,580

    • Christopher Gagliarducci (Employer Trustee/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenna Rahkonen (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Thorne (Employer Trustee - Thru 5/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.iuoelocal98.org

    Where can I find the form 990 for International Union Of Operating Engineers Local 98 Health & Welfare Fund?

    The International Union Of Operating Engineers Local 98 Health & Welfare Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.iuoelocal98.org

    Learn more at the official website: www.iuoelocal98.org

    Mission Statement of International Union Of Operating Engineers Local 98 Health & Welfare Fund

    The International Union Of Operating Engineers Local 98 Health & Welfare Fund is dedicated to extending essential health care and death benefits to eligible participants and their dependents. This nonprofit organization prioritizes the well-being of its members by ensuring they have access to vital medical services and financial support during times of need.

    Through its mission, the International Union Of Operating Engineers Local 98 Health & Welfare Fund stands as a beacon of hope for those affiliated with the union, offering them peace of mind and comprehensive coverage. The organization's commitment extends beyond just providing health care; it also offers death benefits, ensuring that the families of deceased participants are taken care of during their most challenging moments. By offering these essential services, the International Union Of Operating Engineers Local 98 Health & Welfare Fund strengthens the overall wellbeing and stability of its union community.

    Impact

    This information is meant to be a general summary of International Union Of Operating Engineers Local 98 Health & Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The International Union Of Operating Engineers Local 98 Health & Welfare Fund's impact is significant as it provides essential health care and death benefits to eligible participants and their dependents. By offering these benefits, the organization plays a crucial role in supporting the well-being and financial security of its members and their families. This assistance helps ensure that participants have access to necessary medical care and financial protection in times of loss. As a mutual benefit organization, the fund's mission is focused on delivering these vital services to its community members in Southwick, Massachusetts, thereby making a positive impact on their quality of life and overall welfare.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $467,709
  • Program Service Revenue: $15,866,417
  • Gross Receipts: $16,334,126

    • Assets and Liabilities:
  • Total Assets: $17,700,661
  • Total Liabilities: $334,362
  • Net Assets: $17,366,299
  • Programs

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

    EMPLOYERS' CONTRIB.

    Revenue

    $15,742,211

    PARTCIPANTS' CONTRIB.

    Revenue

    $124,206

    Organization Details

    Founding Year

    1959

    Principal Officer

    Kara Richotte

    Main Address

    PO BOX 1290, SOUTHWICK, MA, 010771290

    NTEE Category

    Code: Y40 - Mutual benefit

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