Ilwu Local 142 Health And Welfare Trust

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

EIN: 202076868 ✦ Honolulu, HI ✦ Designated as a 501(c)(9)

Overview

What is Ilwu Local 142 Health And Welfare Trust?

Ilwu Local 142 Health and Welfare Trust is a nonprofit organization based in Honolulu, Hawaii, specifically located at 1440 Kapiolani Blvd 800. Their primary mission is to extend health and welfare benefits to eligible participants, in accordance with their trust agreements, rules, regulations, and the Collective Bargaining Agreement (CBA). The trust manages significant funds for medical coverage ($23,453,091), prescription drugs ($6,141,372, including drug rebates), and dental services ($2,072,627). The trust's purpose is to support the health and wellbeing of eligible employees and their families.


Is Ilwu Local 142 Health And Welfare Trust legitimate?

Ilwu Local 142 Health And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ilwu Local 142 Health And Welfare Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Ilwu Local 142 Health And Welfare Trust?
Who is the CEO of Ilwu Local 142 Health And Welfare Trust?
What is the revenue of Ilwu Local 142 Health And Welfare Trust?
Who are the executives of Ilwu Local 142 Health And Welfare Trust and what are their salaries?
Where can I find the form 990 for Ilwu Local 142 Health And Welfare Trust?

Mission Statement of Ilwu Local 142 Health And Welfare Trust

Ilwu Local 142 Health and Welfare Trust is a self-funded organization committed to providing health and welfare benefits to eligible employees and their families. The Trust's primary mission is to ensure the well-being of its participants by offering comprehensive health and welfare services as outlined in the plan documents. With a focus on medical, dental, and prescription drug coverage, the Trust is dedicated to safeguarding the health and financial security of its beneficiaries.

The Trust's resources are extensive, with a medical coverage budget of over $23 million, a drug coverage budget of nearly $6.2 million, and drug rebates totaling over $2.2 million. The dental coverage budget amounts to over $2 million, demonstrating the Trust's unwavering commitment to the overall health and well-being of its members. By meticulously managing these funds, Ilwu Local 142 Health and Welfare Trust continues to prioritize the health and welfare of its eligible participants.

Impact

This information is meant to be a general summary of Ilwu Local 142 Health And Welfare Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Ilwu Local 142 Health And Welfare Trust's impact is significant in providing health and welfare benefits to eligible participants in accordance with the plan documents. This trust, based in Honolulu, Hawaii, plays a crucial role in offering self-funded health and welfare benefits to eligible participants, as outlined in the trust agreements, rules, regulations of the plan, and collective bargaining agreements. With allocated funds for medical, drug, and dental benefits totaling millions of dollars, the Trust directly contributes to the well-being and security of eligible employees and their families.





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: $882,153
  • Program Service Revenue: $52,093,598
  • Gross Receipts: $123,668,332

    • Assets and Liabilities:
  • Total Assets: $53,414,024
  • Total Liabilities: $751,684
  • Net Assets: $52,662,340
  • Programs

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

    EMPLOYERS' CONTRIBUTIO

    Revenue

    $52,011,575

    EMPLOYEES' CONTRIBUTIO

    Revenue

    $82,023

    Organization Details

    Founding Year

    2005

    Principal Officer

    Guy Fujimura-Union Truste

    Main Address

    1440 KAPIOLANI BLVD 800, HONOLULU, HI, 96814

    NTEE Category

    Code: Y40 - Mutual benefit

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