Asbestos Workers Philadelphia Health And Welfare Plan

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

EIN: 237097998 ✦ Philadelphia, PA ✦ Designated as a 501(c)(9)

Overview

What is Asbestos Workers Philadelphia Health And Welfare Plan?

The Asbestos Workers Philadelphia Health and Welfare Plan is a multi-employer health and welfare organization, based in Philadelphia, Pennsylvania. Covering members of Insulators and Asbestos Workers Local Unions 14 and 89, as well as employees whose jobs facilitate Plan contributions, this nonprofit offers a comprehensive range of benefits for eligible active and retired employees and their dependents. These benefits include death benefits, outpatient diagnostic services, accidental death and dismemberment, x-ray and laboratory services, maternity care, hospital coverage, major medical and surgical care, dental and vision care, extended benefits after eligibility termination, prescription drugs, vacation benefits, and alcohol and drug abuse treatment. The hospital, medical, and surgical benefits are provided through an insurance arrangement with Independence Blue Cross/Blue Shield of Pennsylvania. Death and accidental death and dismemberment benefits are facilitated through an agreement with Union Labor Life Insurance Company. Self-insured benefits, paid directly to participants, consist primarily of prescription drugs, vision, dental, major medical, Medicare, sickness and accident, extended benefits, and alcohol and drug abuse treatment.


Is Asbestos Workers Philadelphia Health And Welfare Plan legitimate?

Asbestos Workers Philadelphia Health And Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Asbestos Workers Philadelphia Health And Welfare Plan 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: $88,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,131

For more financial information, click here


What is the mission statement of Asbestos Workers Philadelphia Health And Welfare Plan?
Who is the CEO of Asbestos Workers Philadelphia Health And Welfare Plan?
What is the revenue of Asbestos Workers Philadelphia Health And Welfare Plan?
Who are the executives of Asbestos Workers Philadelphia Health And Welfare Plan and what are their salaries?
Where can I find the form 990 for Asbestos Workers Philadelphia Health And Welfare Plan?

Mission Statement of Asbestos Workers Philadelphia Health And Welfare Plan

Asbestos Workers Philadelphia Health and Welfare Plan, a multi-employer health and welfare organization, is dedicated to providing essential benefits to eligible active and retired employees and their dependents from the insulators and asbestos workers local unions Nos. 14 and 89, as well as those whose employment allows for contributions to the trust.

This nonprofit entity offers a comprehensive suite of benefits to ensure the well-being of its members. These benefits encompass various aspects of health and wellness, including death benefits, out-patient diagnostic services, accidental death and dismemberment coverage, x-ray and laboratory services, maternity care, hospitalization, major medical and surgical coverage, dental care, vision care, extended benefits after eligibility termination, prescription drugs, vacation benefits, and alcohol and drug abuse treatment.

The hospital, medical, and surgical benefits are provided through an insurance arrangement with Independence Blue Cross/Blue Shield of Pennsylvania. Meanwhile, the death and accidental death and dismemberment benefits are managed through an insurance agreement with Union Labor Life Insurance Company. Self-insured benefits, which primarily consist of prescription drugs, vision, dental, major medical, Medicare, sickness and accident, extended benefits, and alcohol and drug abuse treatment, are paid directly to participants. The Asbestos Workers Philadelphia Health and Welfare Plan's mission is to safeguard the health and well-being of its members by offering a diverse range of benefits, ensuring financial and emotional security for them and their families.

Impact

This information is meant to be a general summary of Asbestos Workers Philadelphia Health And Welfare Plan. 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 the Asbestos Workers Philadelphia Health And Welfare Plan is significant in providing a range of essential benefits to eligible active and retired employees as well as their dependents. These benefits include medical, hospital, dental, vision, prescription, weekly disability income, and death benefits. By offering such comprehensive coverage, the Plan plays a crucial role in ensuring the well-being and financial security of its members. Additionally, the Plan's provision of extended benefits after termination of eligibility and coverage for alcohol and drug abuse treatment demonstrates a commitment to the overall health and welfare of its participants. Overall, the Asbestos Workers Philadelphia Health And Welfare Plan serves as a valuable resource for those in the insulators and asbestos workers industry, supporting their health needs and providing vital assistance during times of illness or disability.





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: $-430,596
  • Program Service Revenue: $14,363,001
  • Gross Receipts: $29,426,247

    • Assets and Liabilities:
  • Total Assets: $28,943,140
  • Total Liabilities: $79,965
  • Net Assets: $28,863,175
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $11,086,042

    PARTICIPANT VACATION CONTRIBUTION

    Revenue

    $1,669,343

    RETIREE CONTRIBUTIONS

    Revenue

    $1,545,681

    COBRA CONTRIBUTION

    Revenue

    $61,935

    Organization Details

    Founding Year

    1950

    Principal Officer

    Stephen Pettit

    Main Address

    2014 HORNIG ROAD, PHILADELPHIA, PA, 19116

    NTEE Category

    Code: Y40 - Mutual benefit

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