Electrical Workers Insurance Benefit Fund Local 481

Organization Overview

Electrical Workers Insurance Benefit Fund Local 481 is located in Indianapolis, IN. The organization was established in 1974. 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, Electrical Workers Insurance Benefit Fund Local 481 employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Workers Insurance Benefit Fund Local 481 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, Electrical Workers Insurance Benefit Fund Local 481 generated $49.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $36.2m during the year ending 12/2021. While expenses have increased by 3.0% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HEALTH BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH AND WELFARE, LONG-TERM DISABILITY AND DEATH BENEFIT TO MEMBERS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
David Ray
Plan Administrator
$130,148
Jeff Wheeler
Trustee
$0
Kevin Schrader
Trustee - Past
$0
Jim Tsareff
Trustee
$0
Jon Hooker
Alternate Trustee
$0
Tim Whicker
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sierra Health And Life Insurance Co Inc
Health Provider
$1,514,983
Ullico
Stop Loss Provider
$221,706
Anthem Insurance Companies Inc
Ppo Network Provider
$1,188,539
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$44,845,097
Investment income $3,073,478
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,124,387
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $49,044,150

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Electrical Workers Insurance Benefit Fund Local 481 has recieved totaling $10,000.

Awarding OrganizationAmount
International Brotherhood Of Electrical Workers

Indianapolis, IN

PURPOSE: CONTRIBUTON - HEALTH AND WELFARE FAIR DOOR PRIZES

$10,000
View Grant Recipient Profile

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