Electrical Workers' Insurance Fund

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

EIN: 381393235 ✦ Madison heights, MI ✦ Designated as a 501(c)(9)

Overview

What is Electrical Workers' Insurance Fund?

The Electrical Workers' Insurance Fund is a nonprofit organization founded through collective bargaining between IBEW Local 58 and SMC NECA. Its mission is to offer health insurance coverage to member electricians and their families. With over 5,500 participating members and 6,500 beneficiaries and dependents, the Fund provides essential health benefits to a significant community. Based in Michigan, the organization has a team of 14 dedicated employees managing its operations.


Official website here: www.ewjbt.org

Is Electrical Workers' Insurance Fund legitimate?

Electrical Workers' Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Workers' Insurance 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: $273,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,079,842

For more financial information, click here


Official website here: www.ewjbt.org

What is the mission statement of Electrical Workers' Insurance Fund?

The Electrical Workers' Insurance Fund was established as a result of collective bargaining between IBEW Local 58 and SMC NECA. Its primary mission is to extend health insurance coverage to electricians who are members of IBEW Local 58 and their families. Currently, over 5,500 participants and 6,500 beneficiaries and dependents derive benefits from this fund. In essence, the Fund aims to ensure that eligible electricians and their families have access to essential health benefits.


Official website here: www.ewjbt.org

Who is the CEO of Electrical Workers' Insurance Fund?

E Craig Young is the Trustee of Electrical Workers' Insurance Fund.


Official website here: www.ewjbt.org

What is the revenue of Electrical Workers' Insurance Fund?

Electrical Workers' Insurance Fund's revenue in 2022 was $68,169,519.


Official website here: www.ewjbt.org

Who are the executives of Electrical Workers' Insurance Fund and what are their salaries?

The average compensation at Electrical Workers' Insurance Fund during 2022 was $96,690. There are 14 employees at Electrical Workers' Insurance Fund.

Here are 9 key members and their salaries:

    Thomas Mittelbrun Iii (Trustee)
  • Compensation: $0
  • Related: $288,900
  • Other: $58,955

    • E Craig Young (Benefits Dir)
  • Compensation: $273,812
  • Related: $0
  • Other: $52,739

    • Michele Davis (Ass'T Benefi)
  • Compensation: $123,750
  • Related: $0
  • Other: $52,739

    • Sarah Padgett (Ass'T Benefi)
  • Compensation: $121,500
  • Related: $0
  • Other: $52,739

    • James Peltier (Trustee)
  • Compensation: $0
  • Related: $103,266
  • Other: $52,739

    • Kimberly L'Heureux (Trustee)
  • Compensation: $0
  • Related: $66,830
  • Other: $32,291

    • Christian Kulikowski (Trustee/Secr)
  • Compensation: $0
  • Related: $10,435
  • Other: $5,184

    • William Darish (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Wellein (Trustee/Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ewjbt.org

    Where can I find the form 990 for Electrical Workers' Insurance Fund?

    The Electrical Workers' Insurance Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ewjbt.org

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

    Mission Statement of Electrical Workers' Insurance Fund

    The Electrical Workers' Insurance Fund, a collective endeavor born from the collaborative bargaining between IBEW Local 58 and SMC NECA, is dedicated to extending health insurance coverage to electrian members and their families. With a participant base exceeding 5,500 strong and an extensive roster of 6,500 beneficiaries and dependents, this fund plays a crucial role in safeguarding the wellbeing of the electrical industry workforce.

    By forging a partnership between IBEW Local 58 and SMC NECA, the Electrical Workers' Insurance Fund was established to ensure access to vital health benefits for union electricians and their loved ones. The fund's commitment to its members extends beyond just insurance, as it serves as a testament to the power of collective bargaining in securing essential services and support for those who dedicate their careers to the electrical industry.

    This nonprofit organization prioritizes the health and wellbeing of its participants and their dependents, providing comprehensive coverage that offers peace of mind and security. With its unwavering dedication, the Electrical Workers' Insurance Fund stands as a beacon of support for the electrical workforce, fostering a stronger and more resilient community within the industry.

    Impact

    This information is meant to be a general summary of Electrical Workers' Insurance Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Electrical Workers' Insurance Fund has a significant impact on the lives of over 12,300 participants, dependents, and beneficiaries by providing essential health benefits. Through collective bargaining between IBEW Local 58 and SMC NECA, the fund offers health insurance to member electricians and their families, benefiting a total of over 5,500 participants and 6,500 beneficiaries and dependents. This ensures that individuals in the electrical workers' community have access to necessary healthcare services and coverage, contributing to their well-being and financial security.





    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: $4,904,932
  • Program Service Revenue: $62,384,758
  • Gross Receipts: $142,876,957

    • Assets and Liabilities:
  • Total Assets: $116,743,613
  • Total Liabilities: $1,059,051
  • Net Assets: $115,684,562
  • Programs

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

    HEALTHCARE CONTRIB.-EMPLOYER

    Revenue

    $53,906,570

    HEALTHCARE CONTRIB.-PARTICIPA

    Revenue

    $6,952,626

    REFUNDS FROM PARTICIPANTS

    Revenue

    $1,525,562

    Organization Details

    Founding Year

    1951

    Principal Officer

    E Craig Young

    Main Address

    P O BOX 71337, MADISON HEIGHTS, MI, 480710337

    NTEE Category

    Code: Y40 - Mutual benefit

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