Health And Welfare Trust Fund Local 103 Ibew

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

EIN: 046063733 ✦ Boston, MA ✦ Designated as a 501(c)(9)

Overview

What is Health And Welfare Trust Fund Local 103 Ibew?

Health and Welfare Trust Fund Local 103 IBEW is a nonprofit organization based in Boston, Massachusetts. The core mission of this trust fund is to offer essential benefits, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death coverage, to eligible members and their families, in accordance with the plan's specifications. With a team of 21 individuals, the trust fund focuses on providing comprehensive healthcare services to support the wellbeing of its members.


Official website here: www.trustfunds103.com

Is Health And Welfare Trust Fund Local 103 Ibew legitimate?

Health And Welfare Trust Fund Local 103 Ibew is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health And Welfare Trust Fund Local 103 Ibew 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: $253,643
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,300,276

For more financial information, click here


Official website here: www.trustfunds103.com

What is the mission statement of Health And Welfare Trust Fund Local 103 Ibew?

The Health and Welfare Trust Fund of Local 103 IBEW offers a comprehensive health benefit plan to eligible members and their families. This plan covers various types of benefits, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death benefits, as defined in the plan. The primary objective of the fund is to ensure the well-being of its members and their families by providing essential healthcare benefits. By offering a range of benefits, the fund aims to help members access the necessary healthcare services and alleviate financial burdens during times of need. Thus, the Health and Welfare Trust Fund of Local 103 IBEW plays a crucial role in securing the health and peace of mind of its members and their families.


Official website here: www.trustfunds103.com

Who is the CEO of Health And Welfare Trust Fund Local 103 Ibew?

Michael P Donovan is the Trustee of Health And Welfare Trust Fund Local 103 Ibew.


Official website here: www.trustfunds103.com

What is the revenue of Health And Welfare Trust Fund Local 103 Ibew?

Health And Welfare Trust Fund Local 103 Ibew's revenue in 2022 was $217,395,543.


Official website here: www.trustfunds103.com

Who are the executives of Health And Welfare Trust Fund Local 103 Ibew and what are their salaries?

The average compensation at Health And Welfare Trust Fund Local 103 Ibew during 2022 was $73,996. There are 21 employees at Health And Welfare Trust Fund Local 103 Ibew.

Here are 10 key members and their salaries:

    Michael Donovan (Fund Administrator)
  • Compensation: $257,036
  • Related: $0
  • Other: $68,365

    • Joshua Wood (Controller)
  • Compensation: $130,170
  • Related: $0
  • Other: $58,632

    • Louis J Antonellis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Antonellis Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert S Sheehan Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Reneeleona Dozier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William E Weber Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristen E Gowin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Gray (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen E Guinee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.trustfunds103.com

    Where can I find the form 990 for Health And Welfare Trust Fund Local 103 Ibew?

    The Health And Welfare Trust Fund Local 103 Ibew’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.trustfunds103.com

    Learn more at the official website: www.trustfunds103.com

    Mission Statement of Health And Welfare Trust Fund Local 103 Ibew

    Health and Welfare Trust Fund Local 103 IBEW is a nonprofit organization that offers a comprehensive health benefit plan to eligible members and their families. The plan covers a range of benefits, including accident, hospital, medical, pharmaceutical, surgical, dental, disability, and death benefits. These benefits are outlined in the plan and are designed to provide security and peace of mind for those enrolled.

    The organization's mission is to ensure that its members and their families have access to necessary healthcare services and support when they need it most. The Health and Welfare Trust Fund Local 103 IBEW takes pride in offering a robust and all-encompassing health benefit plan that addresses various health-related needs. By providing these essential benefits, the organization aims to promote the well-being and overall health of its members and their families.

    Moreover, the Health and Welfare Trust Fund Local 103 IBEW is committed to delivering these benefits as specified in the plan. The organization's unwavering dedication to its mission reflects its focus on ensuring that its members receive the care and coverage they deserve. By focusing on the provision of these essential benefits, the organization enables its members to maintain their health and well-being, providing them with the foundation they need to live their best lives.

    Impact

    This information is meant to be a general summary of Health And Welfare Trust Fund Local 103 Ibew. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Health And Welfare Trust Fund Local 103 Ibew is significant as it provides essential health benefits to eligible members and their families. By offering coverage for accident, hospitalization, medical expenses, pharmaceuticals, surgical procedures, dental care, disability support, and death benefits, the trust fund plays a crucial role in ensuring the well-being and security of its members. This assistance helps to alleviate financial burdens in times of need, promoting better health outcomes and overall quality of life for the beneficiaries. Through its mission to provide mutual benefit services, the trust fund actively supports the health and welfare of the community it serves.





    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: $67,874,759
  • Program Service Revenue: $147,988,643
  • Gross Receipts: $408,320,514

    • Assets and Liabilities:
  • Total Assets: $461,603,985
  • Total Liabilities: $21,160,355
  • Net Assets: $440,443,630
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $143,166,712

    PARTICIPANT SELF-PAYMENTS

    Revenue

    $4,821,931

    Organization Details

    Founding Year

    1953

    Principal Officer

    Michael P Donovan

    Main Address

    256 FREEPORT STREET, BOSTON, MA, 02122

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Health And Welfare Trust Fund Local 103 Ibew 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.