Overview
What is Hawaii Electricians Health And Welfare Fund?
The Hawaii Electricians Health and Welfare Fund is a collective bargaining multi-employer plan based in Honolulu, Hawaii. This nonprofit organization provides health and welfare benefits to eligible participants and their dependents, as outlined by the plan rules and regulations. The fund's primary focus is on offering self-insured benefits, with significant allocations towards medical ($16.5M), dental ($2.8M), and prescription drugs ($4.9M).
Is Hawaii Electricians Health And Welfare Fund legitimate?
Hawaii Electricians Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaii Electricians Health And 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: $0
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What is the mission statement of Hawaii Electricians Health And Welfare Fund?
The Hawaii Electricians Health and Welfare Fund serves as a collectively bargained multi-employer plan, delivering health and welfare benefits to eligible participants and their dependents according to established rules and regulations. Its primary goal is to provide self-insured benefits to those who meet the eligibility criteria. Major benefit categories include medical coverage, totaling $16.5 million, dental services, amounting to $2.8 million, and prescription drugs, with an expenditure of approximately $4.9 million.
Who is the CEO of Hawaii Electricians Health And Welfare Fund?
Tracy Hayashi Al Itamot is the Union Trustee of Hawaii Electricians Health And Welfare Fund.
What is the revenue of Hawaii Electricians Health And Welfare Fund?
Hawaii Electricians Health And Welfare Fund's revenue in 2022 was $25,134,723.
Who are the executives of Hawaii Electricians Health And Welfare Fund and what are their salaries?
- Damien Kim (Union Trustee)
- Leyton Torda (Union Trustee)
- Tracy Hayashi (Union Trustee)
- Robert Aquino (Union Trustee (Alt))
- Douglas Oki (Employer Trustee)
- Jody Hanamoto (Employer Trustee)
- Daryl Suehiro (Employer Trustee)
- Al Itamoto (Employer Trustee (Alt))
Where can I find the form 990 for Hawaii Electricians Health And Welfare Fund?
The Hawaii Electricians Health And Welfare Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Hawaii Electricians Health And Welfare Fund
The Hawaii Electricians Health and Welfare Fund is a collectively bargained multi-employer plan, dedicated to delivering health and welfare benefits to eligible participants and their dependents. In accordance with the established plan rules and regulations, this organization offers self-insured benefits as a commitment to the workforce.
With a substantial investment in medical coverage totaling $16.5 million, the Hawaii Electricians Health and Welfare Fund prioritizes the wellbeing of its members. Furthermore, the fund sets aside $4.5 million for prescription drugs, $2.8 million for dental coverage, and an additional $300,000 for other drug-related expenses. By providing these comprehensive benefits, the organization ensures that its participants and their dependents have access to essential healthcare services.
In essence, the Hawaii Electricians Health and Welfare Fund serves as a vital safety net for eligible individuals, securing their access to comprehensive healthcare services. By pooling resources from various employers in the industry, the Fund is able to offer competitive and comprehensive benefits to its participants. This collective approach not only benefits the individual members but also strengthens the electrician community by ensuring the availability of a skilled and healthy workforce.
Impact
This information is meant to be a general summary of Hawaii Electricians Health And Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Hawaii Electricians Health And Welfare Fund's impact lies in providing self-insured health and welfare benefits to eligible participants and their dependents in accordance with plan rules and regulations. The organization allocates substantial resources towards medical, drug, and dental coverage, with significant amounts dedicated to ensuring the well-being of its members. By delivering these essential benefits, the Hawaii Electricians Health And Welfare Fund plays a vital role in supporting the health and welfare needs of its participants in the Honolulu area.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$20,142,084
RETIREES CONTRIBUTIONS
Revenue
$1,164,384
SELF PAY CONTRIBUTIONS
Revenue
$285,780
LIQUIDATED DAMAGES
Revenue
$11,359
OTHER
Revenue
$382
Organization Details
Founding Year
1962
Phone
(808) 841-6169
Principal Officer
Tracy Hayashi Al Itamot
Main Address
1935 HAU STREET 450, HONOLULU, HI, 96819
NTEE Category
Code: Y40 - Mutual benefit
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