I B E W Local 1249 Insurance Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
I B E W Local 1249 Insurance Fund is a 501(c)(9) organization based in Cicero, New York, registered in 1966, with $67,546,719 in FY2023 revenue. CharityIndex grades it A.
8531 Brewerton Rd Ste 2, Cicero, NY, 13039 EIN 15-6025162 Since 1966
Revenue (FY2023)
$67.5M
▲ 12.3% vs prior year
Expenses (FY2023)
$58.5M
Net assets
$123.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for I B E W Local 1249 Insurance Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For I B E W Local 1249 Insurance Fund: 25 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For I B E W Local 1249 Insurance Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For I B E W Local 1249 Insurance Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide insurance coverage to plan participants
Contact & location
Financial trends
Revenue grew from $29.9M (FY2013) to $67.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.2MNet assets $123.9M
Operating margin
13.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$125.1M
Total liabilities
$1.2M
Net assets
$123.9M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,546,719▲12.3% | $58,524,234▲13.4% | $123,890,137▲13.8% | $125,107,279▲11.6% | 990 |
| 2022 | $60,134,685▲2.3% | $51,598,613▲22.0% | $108,903,881▼2.7% | $112,073,852▼1.9% | 990 |
| 2021 | $58,794,383▲15.6% | $42,282,175▲18.3% | $111,933,112▲20.9% | $114,229,442▲20.4% | 990 |
| 2020 | $50,841,250▲12.8% | $35,756,435▼7.3% | $92,550,600▲33.2% | $94,840,263▲33.2% | 990 |
| 2019 | $45,076,058▲18.2% | $38,591,282▲40.8% | $69,487,592▲16.9% | $71,222,895▲17.6% | 990 |
| 2018 | $38,143,296▲24.0% | $27,411,292▲2.8% | $59,464,415▲19.1% | $60,568,815▲19.7% | 990 |
| 2017 | $30,765,596▲17.9% | $26,654,926▼8.5% | $49,947,778▲12.4% | $50,604,798▲12.3% | 990 |
| 2016 | $26,103,290▼2.0% | $29,132,215▲25.9% | $44,445,478▼6.0% | $45,047,110▼6.0% | 990 |
| 2015 | $26,647,945▼1.2% | $23,133,824▼7.6% | $47,305,757▲5.4% | $47,941,469▲6.0% | 990 |
| 2014 | $26,975,605▼9.7% | $25,034,849▲7.6% | $44,871,239▲4.2% | $45,233,639▲4.1% | 990 |
| 2013 | $29,866,839 | $23,266,215▲7.1% | $43,048,833▲20.0% | $43,446,714▲18.2% | 990 |
| 2012 | — | $21,721,134▲1.0% | $35,868,821▲90.4% | $36,767,167▲29.9% | 990 |
| 2011 | — | $21,513,457▲3.4% | $18,835,944▲15.7% | $28,293,926▲10.4% | 990 |
| 2010 | — | $20,806,260 | $16,279,740 | $25,622,177 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Henry H Westbrook III | Trustee | 1 | — |
| James C Atkins | Trustee | 1 | — |
| Mark Lawrence | Trustee | 1 | — |
| Michael Gilchrist | Trustee | 1 | — |
| Ryan Youngman | Plan Administrator | 26 | — |
| Scott Lamont | Trustee | 1 | — |
| Timothy O'brien | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Umr Inc | Claims Administrator | $1,167,547 |
| Us-rx Care LLC | Prescription Administrator | $225,606 |
| Keenan & Associates | Insurance Broker | $202,261 |
| Delta Dental | Dental Administrator | $196,764 |
| Pro-flex Administrators LLC | Claims Administrator | $128,879 |
Frequently asked questions
- Is I B E W Local 1249 Insurance Fund a legitimate nonprofit?
- Yes. I B E W Local 1249 Insurance Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 15-6025162, based in Cicero, New York.
- What is I B E W Local 1249 Insurance Fund's EIN?
- I B E W Local 1249 Insurance Fund's Employer Identification Number (EIN) is 15-6025162.
- How much revenue does I B E W Local 1249 Insurance Fund report?
- I B E W Local 1249 Insurance Fund reported $67,546,719 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does I B E W Local 1249 Insurance Fund have?
- CharityIndex grades I B E W Local 1249 Insurance Fund A, based on financial health (reserves and operating margin).
- How much does I B E W Local 1249 Insurance Fund's highest-paid employee make?
- The highest reported compensation on I B E W Local 1249 Insurance Fund's latest Form 990 is $0, paid to Henry H Westbrook III (Trustee).
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Data for I B E W Local 1249 Insurance Fund (EIN 15-6025162) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.