Electrical Welfare Trust Fund

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

EIN: 526038507 ✦ Lanham, MD ✦ Designated as a 501(c)(9)

Overview

What is Electrical Welfare Trust Fund?

The Electrical Welfare Trust Fund is a nonprofit organization, located at 10003 Derekwood Lane 130, Lanham, MD 20706, dedicated to providing healthcare and welfare benefits for eligible participants and their dependents. Agreed upon by the National Electrical Contractors Association - Washington, DC Chapter and IBEW Local Union No. 26, the Fund offers a range of benefits including accident, hospital, medical, surgical, dental, prescription, vision, disability, employee assistance, and death benefits. With a staff of 43 individuals, this organization prioritizes the wellbeing of its members by delivering on the agreed-upon benefits as part of their cooperative mission between the two organizations.


Official website here: www.ewtf.org

Is Electrical Welfare Trust Fund legitimate?

Electrical Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Welfare Trust 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: $239,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,056,679

For more financial information, click here


Official website here: www.ewtf.org

What is the mission statement of Electrical Welfare Trust Fund?

The Electrical Welfare Trust Fund is dedicated to providing welfare benefits for eligible participants as per the agreements reached between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers Local Union No. 26. This organization offers a range of benefits including accident, hospital, medical, surgical, dental, prescription, vision, disability, employee assistance, and death benefits to eligible individuals. The mission of the Electrical Welfare Trust Fund is to ensure the health and wellbeing of its participants and their dependents.


Official website here: www.ewtf.org

Who is the CEO of Electrical Welfare Trust Fund?

Thomas Myers is the Trustee of Electrical Welfare Trust Fund.


Official website here: www.ewtf.org

What is the revenue of Electrical Welfare Trust Fund?

Electrical Welfare Trust Fund's revenue in 2022 was $163,909,999.


Official website here: www.ewtf.org

Who are the executives of Electrical Welfare Trust Fund and what are their salaries?

The average compensation at Electrical Welfare Trust Fund during 2022 was $99,906. There are 43 employees at Electrical Welfare Trust Fund.

Here are 13 key members and their salaries:

    Joseph Dabbs (Trustee)
  • Compensation: $0
  • Related: $196,184
  • Other: $43,894

    • Michael Mccarron (Fund Administrator)
  • Compensation: $200,920
  • Related: $0
  • Other: $38,357

    • Thomas Myers (Trustee)
  • Compensation: $0
  • Related: $182,624
  • Other: $43,487

    • Richard Murphy (Trustee (Starting 09/22))
  • Compensation: $0
  • Related: $169,028
  • Other: $43,079

    • Crystal Milligan (Claims Dept Manager)
  • Compensation: $160,600
  • Related: $0
  • Other: $38,362

    • George Hogan (Trustee (Through 07/22))
  • Compensation: $0
  • Related: $167,340
  • Other: $21,515

    • Robin Balint (Retirement/Admin Dept Manager)
  • Compensation: $140,394
  • Related: $0
  • Other: $38,373

    • James Chambers (It Specialist)
  • Compensation: $131,845
  • Related: $0
  • Other: $45,273

    • Sharon Rivett (Claims Processor)
  • Compensation: $124,114
  • Related: $0
  • Other: $40,351

    • Dawn Oakes (Claims Processor)
  • Compensation: $122,655
  • Related: $0
  • Other: $41,363

    • Paul Mella (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Moorefield (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Singleton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ewtf.org

    Where can I find the form 990 for Electrical Welfare Trust Fund?

    The Electrical Welfare Trust Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ewtf.org

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

    Mission Statement of Electrical Welfare Trust Fund

    The Electrical Welfare Trust Fund, a cooperative initiative between the National Electrical Contractors Association - Washington, DC Chapter and International Brotherhood of Electrical Workers Local Union No. 26, is dedicated to delivering welfare benefits to eligible participants as outlined in their mutual agreement. This nonprofit organization aims to provide comprehensive health and wellbeing support, encompassing accident, hospital, medical, surgical, dental, prescription, vision, disability, employee assistance, and death benefits for those who meet the specified eligibility criteria. With a focus on securing the physical and emotional well-being of its members, the Electrical Welfare Trust Fund strives to ensure that its participants and their dependents have access to essential services and resources when they need them most. Through its mission, the organization plays a vital role in safeguarding the peace of mind and overall well-being of the electrical workforce community.

    Impact

    This information is meant to be a general summary of Electrical Welfare Trust 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 Welfare Trust Fund provides essential welfare benefits to eligible participants and their dependents. These benefits include accident coverage, hospital care, medical services, surgical procedures, dental treatment, prescription medications, vision care, disability support, employee assistance, and death benefits. The Fund plays a crucial role in ensuring the well-being and security of those affiliated with the National Electrical Contractors Association - Washington, DC Chapter and International Brotherhood of Electrical Workers Local Union No. 26.





    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: $8,143,802
  • Program Service Revenue: $155,653,177
  • Gross Receipts: $237,111,397

    • Assets and Liabilities:
  • Total Assets: $265,625,786
  • Total Liabilities: $3,118,583
  • Net Assets: $262,507,203
  • Programs

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

    CONTRIBUTIONS FROM EMPLOYEES AND EMPLOYERS

    Revenue

    $155,653,177

    Organization Details

    Founding Year

    1949

    Principal Officer

    Thomas Myers

    Main Address

    10003 DEREKWOOD LANE 130, LANHAM, MD, 20706

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Electrical Welfare Trust 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.