Employers & Operating Engineers Local 520 Health & Welfare Fund

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

EIN: 376046408 ✦ Swansea, IL ✦ Designated as a 501(c)(9)

Overview

What is Employers & Operating Engineers Local 520 Health & Welfare Fund?

Employers & Operating Engineers Local 520 Health & Welfare Fund is a nonprofit organization based in Swansea, Illinois, with an address at 8 Executive Woods Court. The primary mission of this fund is to provide health benefits to its members as per the collective bargaining agreement. The organization offers various medical claims, including insurance premiums and death benefits. The total number of employees at the fund is seven.


Is Employers & Operating Engineers Local 520 Health & Welfare Fund legitimate?

Employers & Operating Engineers Local 520 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employers & Operating Engineers Local 520 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,728

For more financial information, click here


What is the mission statement of Employers & Operating Engineers Local 520 Health & Welfare Fund?
Who is the CEO of Employers & Operating Engineers Local 520 Health & Welfare Fund?
What is the revenue of Employers & Operating Engineers Local 520 Health & Welfare Fund?
Who are the executives of Employers & Operating Engineers Local 520 Health & Welfare Fund and what are their salaries?
Where can I find the form 990 for Employers & Operating Engineers Local 520 Health & Welfare Fund?

Mission Statement of Employers & Operating Engineers Local 520 Health & Welfare Fund

Employers & Operating Engineers Local 520 Health & Welfare Fund, a crucial nonprofit organization, is dedicated to delivering health benefits to its members as outlined in their collective bargaining agreement. The mission of this fund is to ensure that the working members of the union have access to essential medical coverage and support.

The fund's primary activity revolves around processing various medical claims, including insurance premiums and providing death benefits to qualifying members. In doing so, Employers & Operating Engineers Local 520 Health & Welfare Fund plays a vital role in safeguarding the wellbeing of its members and their families. By offering these benefits, the organization alleviates the financial burden of healthcare costs for its members, allowing them to focus on their work and personal lives.

In providing health benefits, Employers & Operating Engineers Local 520 Health & Welfare Fund demonstrates its commitment to the well-being and welfare of its union members. The fund's crucial role in the collective bargaining agreement not only offers peace of mind for members but also contributes to a healthier and more productive workforce.

Impact

This information is meant to be a general summary of Employers & Operating Engineers Local 520 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 Employers & Operating Engineers Local 520 Health & Welfare Fund plays a crucial role in providing health benefits to its members as per the collective bargaining agreement. By covering various medical claims, including insurance premiums and death benefits, this fund helps ensure that members have access to essential healthcare services. Operating in Swansea, IL, this fund's mission is focused on providing necessary health benefits to its members, highlighting its commitment to promoting the well-being of its members through mutual support.





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: $719,787
  • Program Service Revenue: $22,513,467
  • Gross Receipts: $35,051,734

    • Assets and Liabilities:
  • Total Assets: $50,739,603
  • Total Liabilities: $15,567,826
  • Net Assets: $35,171,777
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $19,269,486

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $3,195,321

    PENALTIES

    Revenue

    $48,660

    Organization Details

    Founding Year

    1962

    Principal Officer

    Mark Johnson

    Main Address

    8 EXECUTIVE WOODS COURT, SWANSEA, IL, 62226

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Employers & Operating Engineers Local 520 Health & Welfare Fund 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.