International Brthd Of Elec Wrkrs & Outside Cntrctrs Hlth & Wlfr Tr Fd

Organization Overview

International Brthd Of Elec Wrkrs & Outside Cntrctrs Hlth & Wlfr Tr Fd is located in Tinley Park, IL. The organization was established in 1954. 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 10/2021, International Brthd Of Elec Wrkrs & Outside Cntrctrs Hlth & Wlfr Tr Fd employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brthd Of Elec Wrkrs & Outside Cntrctrs Hlth & Wlfr Tr Fd is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 10/2021, International Brthd Of Elec Wrkrs & Outside Cntrctrs Hlth & Wlfr Tr Fd generated $36.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $25.8m during the year ending 10/2021. While expenses have increased by 8.3% per year over the past 6 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

TO PROVIDE HEALTH AND WELFARE BENEFITS TO INDIVIDUALS WORKING UNDER A COLLECTIVE BARGAINING AGREEMENT BETWEEN IBEW LOCAL NO. 9 AND THE MIDDLE STATES ELECTRICAL CONTRACTORS ASSOCIATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF HEALTH AND WELFARE BENEFITS TO OR ON BEHALF OF ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Matt Turk
Trustee
$0
John C Burkard
Trustee
$0
Art Burke
Trustee
$0
Frank Lizzadro
Trustee
$0
John D Dowling
Trustee
$0
Kevin B Schuster
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Benesys Inc
Plan Administrator
$247,075
Case Mgmt Specialists
Claims Management
$162,078
Segal Consulting
Consulting Services
$136,091
Basys Inc
It Software Services
$242,469
Blue Cross Blue Shield
Ppo Network Provider
$200,577
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$32,252,612
Investment income $2,491,536
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,747,507
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,729,981

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