Electrical Workers Local No 86 Insurance Fund Plan And Trust

Organization Overview

Electrical Workers Local No 86 Insurance Fund Plan And Trust is located in Rochester, NY. The organization was established in 1960. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 10/2023, Electrical Workers Local No 86 Insurance Fund Plan And Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Workers Local No 86 Insurance Fund Plan And Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 10/2023, Electrical Workers Local No 86 Insurance Fund Plan And Trust generated $20.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $18.8m during the year ending 10/2023. While expenses have increased by 4.6% per year over the past 8 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HEALTH & INSURANCE BENEFITS TO MEMBERS OF LOCAL NO. 86.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED GROUP BENEFITS FOR HOSPITALIZATION, SURGICAL AND MEDICAL CARE, LIFE, DENTAL, ACCIDENT, DISABILITY, VISION, AND HEALTH BENEFITS FOR MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Peter Stoller
Trustee
$0
Victor E Salerno
Trustee
$0
Jonathon Hand
Trustee
$0
Raymond Ryerse
Trustee
$0
Timothy Longbine
Trustee
$0
Michael Conover
Trustee
$0

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$19,978,357
Investment income $677,070
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$224,856
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,442,407

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