Afl-Cio Health & Welfare Trust

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

EIN: 386847980 ✦ Washington, DC ✦ Designated as a 501(c)(9)

Overview

What is Afl-Cio Health & Welfare Trust?

The Afl-Cio Health & Welfare Trust is a nonprofit organization based in Washington, D.C. Established to provide health and other benefits to eligible employees of the AFL-CIO, affiliated departments, and other affiliated entities, the trust offers a range of coverage including medical, dental, hearing, vision, life insurance, accidental death and dismemberment, and prescription drug benefits.


Is Afl-Cio Health & Welfare Trust legitimate?

Afl-Cio Health & Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Afl-Cio Health & 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 Afl-Cio Health & Welfare Trust?
Who is the CEO of Afl-Cio Health & Welfare Trust?
What is the revenue of Afl-Cio Health & Welfare Trust?
Who are the executives of Afl-Cio Health & Welfare Trust and what are their salaries?
Where can I find the form 990 for Afl-Cio Health & Welfare Trust?

Mission Statement of Afl-Cio Health & Welfare Trust

The Afl-Cio Health & Welfare Trust is a charitable organization dedicated to supplying health and additional benefits to eligible employees of the AFL-CIO, affiliated departments, state and local central bodies, and other affiliated entities. This trust was founded with the mission to extend vital health and ancillary advantages to these individuals and their families.

In practice, the Afl-Cio Health & Welfare Trust offers medical, dental, hearing, vision, life insurance, accidental death and dismemberment coverage, and prescription drug benefits to eligible participants. The Trust's commitment to its mission is unwavering, providing comprehensive coverage to ensure the wellbeing of the workforce and their dependents.

The Afl-Cio Health & Welfare Trust's impact extends far beyond just healthcare, as it supports the overall health and well-being of its members. By providing these essential benefits, the Trust enables its participants to focus on their personal and professional growth while knowing they and their loved ones are protected.

Impact

This information is meant to be a general summary of Afl-Cio Health & Welfare Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Afl-Cio Health & Welfare Trust's impact is significant in providing essential health and other benefits to eligible employees of the AFL-CIO and affiliated entities. Through its provision of medical, dental, hearing, vision, life insurance, accidental death and dismemberment coverage, and prescription drug benefits, the Trust plays a crucial role in supporting the well-being and livelihoods of its participants. This assistance contributes to the overall health and stability of the workforce, ensuring that employees have access to necessary healthcare services and protections. The Trust's mission to provide these benefits aligns with its commitment to serving the mutual benefit of its members and upholding the core values of the AFL-CIO organization.





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: $654,577
  • Program Service Revenue: $41,214,449
  • Gross Receipts: $41,869,026

    • Assets and Liabilities:
  • Total Assets: $27,017,350
  • Total Liabilities: $1,138,806
  • Net Assets: $25,878,544
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $38,641,829

    PRESCRIPTION DRUG REBATES

    Revenue

    $2,294,503

    STOP LOSS REIMBURSEMENT

    Revenue

    $150,789

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $127,328

    Organization Details

    Founding Year

    2007

    Principal Officer

    Fredrick Redmond

    Main Address

    815 16TH STREET NW, WASHINGTON, DC, 20006

    NTEE Category

    Code: Y40 - Mutual benefit

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