NonprofitsService Employees International Union Local 1 Cleveland Welfare Fd

Service Employees International Union Local 1 Cleveland Welfare Fd

CLEVELAND, OH

Total revenue

$2.6M

Total expenses

$2.1M

Net assets

$10.5M

Grants received

EIN

340820618

Tax year

2024

Mission

This entity is a multi-employer health and welfare fund that provides (continued on schedule o)benefits to employee members, the revenue from employers, employee cobra, and retirees are used to provide these benefits.

Programs

3 programs

Paid prescription program - the fund has contracted with savrx to provide a program for prescription drugs. The program requires a minor co-pay. All eligible members and their eligible dependents are covered.

Vision care program - the fund is self-funded and members are directly reimbursed.

Life insurance accidental death and dismemberment - the fund has contracted with 5 star life insurance company to provide life insurance and accidental death and dismemberment benefits to eligible members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$2.3M
Investment income$302K
Other revenue
Total revenue$2.6M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$308K
Total expenses$2.1M
Total assets$10.7M
Net assets$10.5M

People

6 listed

NameRoleCompensation

RUDOLPH BRAYDICH

TRUSTEE

Board

1 hrs/wk

ROBERT CASTLE

TRUSTEE

Board

1 hrs/wk

MAX GERBOC

TRUSTEE

Board

1 hrs/wk

KENNETH MUNZ

TRUSTEE

Board

1 hrs/wk

YANELA SIMS

TRUSTEE

Board

1 hrs/wk

CAMILO VILLA

TRUSTEE

Board

1 hrs/wk

Independent contractors

DONALD J LOWE

ADMINISTRATOR

$145K

Details

EIN340820618
Subsection09
Ruling date1958-07
Formed1958
Employees0
Volunteers0
SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 1 CLEVELAND WELFARE FD — Mission, Financials & Grants Received | Grantivo