Ibew Neca Health And Welfare Fund is located in Omaha, NE. The organization was established in 1963. 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, Ibew Neca Health And Welfare Fund employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Neca Health And Welfare 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, Ibew Neca Health And Welfare Fund generated $31.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $29.5m during the year ending 12/2021. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH & WELFARE BENEFITS FOR MEMBERS OF THE PLAN. THE PLAN IS A COLLECTIVELY BARGAINED, MULTIEMPLOYER PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTH & WELFARE FUND PROVIDES HOSPITAL AND MEDICAL BENEFITS AS WELL AS PRESCRIPTIONS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
THE HEALTH & WELFARE FUND PROVIDES SHORT TERM DISABILITY BENEFITS FOR ACTIVE PARTICIPANTS WHO ARE INJURED OR SICK.
THE HEALTH & WELFARE FUND PROVIDES A DEATH BENEFIT FOR ACTIVE PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barry Mayfield Chairman | OfficerTrustee | 1 | $0 |
Tom Falcon Secretary | OfficerTrustee | 1 | $0 |
Steve Mayfield Trustee | Trustee | 1 | $0 |
Jay Ignowski Trustee | Trustee | 1 | $0 |
Jeff Meurrens Trustee | Trustee | 1 | $0 |
Allan Hale Trustee Fmr | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Blue Cross Blue Shield Of Nebraska Claims Process. | 12/30/16 | $663,218 |
Benesys Inc Tpa | 12/30/16 | $344,158 |
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 | $28,652,655 |
Investment income | $796,236 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,865,538 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $31,476,631 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $28,801,323 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $377,566 |
Fees for services: Legal | $145,966 |
Fees for services: Accounting | $37,363 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $35,726 |
Fees for services: Other | $56,100 |
Advertising and promotion | $0 |
Office expenses | $39,719 |
Information technology | $2,400 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,023 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $19,717 |
All other expenses | $0 |
Total functional expenses | $29,535,119 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $261,982 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,465,980 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $82,852 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $48,068,708 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $58,908 |
Total assets | $50,938,430 |
Accounts payable and accrued expenses | $228,085 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $23,100,735 |
Total liabilities | $23,328,820 |
Net assets without donor restrictions | $27,609,610 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $50,938,430 |
Organization Name | Assets | Revenue |
---|---|---|
Olin Employees Benefit Association Trust Clayton, MO | $9,540,806 | $107,158,504 |
Teamsters & Employers Welfare Trust Of Illinois Earth City, MO | $101,818,713 | $113,173,281 |
United Food & Commercial Workers Union Lock 655 Welfare Fund Manchester, MO | $48,304,504 | $73,075,705 |
Plumbers And Pipefitters Welfare Educational Fund Earth City, MO | $197,361,797 | $76,844,110 |
Internatonal Assoc Of Machinists Bridgeton, MO | $203,619,243 | $76,331,186 |
Security Benefit Hra Indiana Veba Tr Topeka, KS | $320,023,006 | $39,081,918 |
Ibew-1 Health & Welfare Fund St Louis, MO | $208,799,729 | $78,117,481 |
Leggett & Platt Incorporated Employee Benefit Fund Carthage, MO | $355,055 | $68,481,265 |
Hntb Employee Health And Welfare Trust Wichita, KS | $1,240,243 | $68,282,805 |
Construction Industry Laborers Welfare Fund Kansas City, MO | $159,375,234 | $60,897,343 |
First National Of Nebraska Inc Welfare Benefit Plan Trust Omaha, NE | $7,042,595 | $66,485,024 |
Kansas Bankers Association Welfare Benefit Fund Topeka, KS | $24,697,170 | $64,407,624 |