Neca Ibew Family Medical Care Tr Fund

Organization Overview

Neca Ibew Family Medical Care Tr Fund is located in Rockville, MD. The organization was established in 2006. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Neca Ibew Family Medical Care Tr Fund employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neca Ibew Family Medical Care Tr Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Neca Ibew Family Medical Care Tr Fund generated $708.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $506.7m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH AND WELFARE FUND

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEDICAL, LIFE, TEMPORARY DISABILITY, ACCIDENTAL DEATH AND DISMEMBERMENT, PRESCRIPTION DRUG, DENTAL AND VISION BENEFITS TO ELIGIBLE PARTICIPANTS, DEPENDENTS AND BENEFICIARIES.


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Board, Officers & Key Employees

Name (title)Compensation
Greg Lucero
Trustee
$0
Paul J Shaffer
Trustee
$0
Gregory Bowman
Trustee
$0
Larry Moter
Trustee
$0
Kevin Tighe
Trustee
$0
Kenneth W Cooper
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Anthem Blue Cross & Blue Shield
Medical Ppo Provider
$11,756,526
National Electrical Benefit Fund
Affiliated Benefit Fund - Administrator
$2,825,907
Zelis Claims Integrity Inc
Claims Repricing
$1,060,566
Metropolitan Life Insurance Company
Dental Ppo Provider
$1,042,460
Xperis It Company
It Services
$684,237
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$615,951,761
Investment income $9,617,458
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $82,754,967
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $708,443,859

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