International Operating Engineers Union 49 Health And Welfare Fund

Organization Overview

International Operating Engineers Union 49 Health And Welfare Fund is located in Bloomington, MN. The organization was established in 1980. 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 05/2022, International Operating Engineers Union 49 Health And Welfare Fund employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Operating Engineers Union 49 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 05/2022, International Operating Engineers Union 49 Health And Welfare Fund generated $232.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $252.4m during the year ending 05/2022. While expenses have increased by 7.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH AND WELFARE FUND

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLAN PROVIDES HEALTH CARE, PRESCRIPTION DRUGS, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, DENTAL, DISABILITY AND VISION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Timothy Gillen
Secretary
$0
Jason George
Chairman
$0
Eugene Grover
Trustee
$0
Ronald Boesel
Trustee
$0
Tim Olson
Alternate Trustee
$0
Mary Wawro
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Team Corporation
Employee Assistance Program
$1,436,122
Stairway Partners Llc
Investment Services
$526,846
Delta Dental
Claim Administrative Fees
$304,578
Wilson-mcshane Corporation
Third Party Administrator
$3,095,225
Bluecross Blueshield Of Mn
Ppo Access Fee
$3,479,373
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$226,804,450
Investment income $5,918,062
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$415,554
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $232,318,179

Create an account to unlock the data you need.

or