Intl Brotherhood Of Electrical Workers 640 Az Chapter Ne Welfare

Organization Overview

Intl Brotherhood Of Electrical Workers 640 Az Chapter Ne Welfare is located in Phoenix, AZ. The organization was established in 1964. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intl Brotherhood Of Electrical Workers 640 AZ Chapter NE Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Intl Brotherhood Of Electrical Workers 640 AZ Chapter NE Welfare generated $49.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $28.5m during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 5 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

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE MEMBERS AND DEPENDENTS OF UNION MEMBERS WORKING FOR SIGNATORY EMPLOYERS IN THE ELECTRICAL CONSTRUCTION INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HEALTH, ACCIDENT, MEDICAL, SURGICAL, DISABILITY, & DEATH BENEFITS FOR PARTICIPANTS AND THEIR DEPENDENTS WHO ARE MEMBERS OF IBEW LOCAL NO. 640.


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Board, Officers & Key Employees

Name (title)Compensation
Delbert Hawk
Trustee
$0
John Gannon
Trustee
$0
Dean Wine
Trustee
$0
Amy Ortiz
Trustee
$0
Jason Dempsey
Trustee
$0
Larry Howard
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Zenith American Solutions
Administrator - Memb
$0
Blue Cross Blue Shield Of Az
Admin - Insurance
$0
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$48,785,686
Investment income $1,340,906
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$769,540
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $49,357,052

Peer Organizations

Organization NameAssets
District Council 16 Northern California Health And Welfare Trus
Dublin, CA
$116,871,387
California Service Employees Health And Welfare Trust Fund
Brisbane, CA
$123,692,713
Laborers Vacation Trust Fund For Northern California
Pleasanton, CA
$117,309,739
Construction Laborers Vacation Trust For Southern California
Covina, CA
$111,654,217
Southern California Drug Benefit Fund
Los Angeles, CA
$112,554,100
California Field Iron Worker Vacation Tr Fund
Pasadena, CA
$106,896,275
Carpenters Vacation Holiday & Sick Leave Trust Fund For Northern Cali
Oakland, CA
$104,851,171
Eighth District Electrical Benefit
Las Vegas, NV
$109,346,480
Stationary Engineers Welfare Fund
Dublin, CA
$116,895,427
Operating Engineers Union 3 Pensioned Health & Welfare Fund
Alameda, CA
$119,278,066
Santa Monica Unite Here Health Benefit Plan
Los Angeles, CA
$136,534,171
Smart Transportation Division Metropolitan Transportation Author
Irwindale, CA
$74,757,225
Sheet Metal Workers Welfare Plan Of Southern California Arizona Nevada
Manhattan Beach, CA
$96,574,935
Entertainment Industry Flex Plan
los angeles, CA
$82,840,295
Northern California Pipe Trades Health & Welfare Tr
concord, CA
$90,504,734
California Firefighters Benefit Trust
Los Angeles, CA
$3,961,744
East Bay Drayage Drivers Security
Walnut Creek, CA
$82,319,048
Teamsters Local 631 Security Fund
Las Vegas, NV
$95,992,199
Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust
Las Vegas, NV
$66,413,952
Paid Holiday Plan
San Francisco, CA
$70,276,545
Ibew Local 332 Health & Welfare Trust Fund
San Jose, CA
$74,659,893
U A Local 393 Health & Welfare Tr
San Jose, CA
$69,622,779
Ibew-Neca Sound And Communications Health And Welfare Tr
San Jose, CA
$69,033,979
Automotive Industries Welfare Fund
Dublin, CA
$55,980,763
Utah-Idaho Teamsters Security Fund
Phoenix, AZ
$59,651,210

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