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Nonprofit · EIN 38-1393235

ELECTRICAL WORKERS INSURANCE FUND

Tax-exempt · MADISON HTS, MI 48071

Financials

$71.6M$74.9M2022$81.5M$80.3M2023$92.8M$88.6M2024
Revenue Expenses · by fiscal year end
Financials of ELECTRICAL WORKERS INSURANCE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$92,786,165$88,578,392$4,207,773$135,588,755$1,309,106$134,279,649
September 30, 2024990$81,460,286$80,320,439$1,139,847$130,217,795$1,393,743$128,824,052
September 30, 2023990$71,557,544$74,914,679-$3,357,135$117,212,126$1,426,801$115,785,325
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$83,159,463
Investment income
$8,562,888
Net gain from sales of assets
$3,976,205
Other revenue
$1,063,814

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$86,154,469
Compensation of officers, directors and key employees
$399,173
Other salaries and wages
$1,143,169
Salaries, compensation and benefits (total)
$1,809,370
Professional fundraising fees
$0
Legal fees
$50,697
Accounting fees
$54,532
Occupancy
$34,993
Depreciation
$550

Balance sheet and other

Total assets, start of year
$130,217,795
Total assets, end of year
$135,588,755
Total liabilities, end of year
$1,309,106
Net assets, end of year
$134,279,649
Land, buildings and equipment
$868
Publicly traded securities
$123,104,487
Gross receipts
$126,781,548
Employees
14
Year formed
1951
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
E CRAIG YOUNGBENEFITS DIR
Key employee
40$399,173$0$55,951
JASON HEADTRUSTEE
Trustee or director
1$0$221,400$51,670
MICHELE DAVISASST BENEFIT
Highest-paid employee
40$168,349$0$55,951
JAMES SOOSIKTRUSTEE
Trustee or director
1$0$143,160$58,928
JESSICA CYPRUSACCOUNTANT
Highest-paid employee
40$110,800$0$55,926
KIMBERLY L'HEUREUXTRUSTEE
Trustee or director
1$0$114,874$50,831
JOSEPH DIEDERICHSTRUSTEE
Trustee or director
1$0$13,144$5,777
PAUL STEFANITRUSTEE
Trustee or director
1$0$7,906$4,427
WILLIAM DARISHTRUSTEE
Trustee or director
1$0$0$0
JOHN FULGENZITRUSTEE
Trustee or director
1$0$0$0
990 for the year ended September 30, 2024: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
E CRAIG YOUNGBENEFITS DIR
Key employee
40$381,950$0$54,226
THOMAS MITTELBRUN IIITRUSTEE-PAST
Trustee or director
1$0$333,743$13,265
JASON HEADTRUSTEE
Trustee or director
1$0$172,600$42,790
MICHELE DAVISASST BENEFIT
Highest-paid employee
40$146,500$0$54,226
SARAH PADGETTASST BENEFIT
Highest-paid employee
40$144,524$0$54,226
JAMES PELTIERTRUSTEE-PAST
Trustee or director
1$0$144,077$54,226
KIMBERLY L'HEUREUXTRUSTEE
Trustee or director
1$0$133,712$54,226
JAMES SOOSIKTRUSTEE
Trustee or director
1$0$121,360$57,903
JESSICA CYPRUSACCOUNTANT
Highest-paid employee
40$102,625$0$54,226
JOSEPH DIEDERICHSTRUSTEE
Trustee or director
1$0$4,826$1,585
WILLIAM DARISHTRUSTEE
Trustee or director
1$1$0$0
JOHN FULGENZITRUSTEE
Trustee or director
1$0$0$0
STEVEN WELLEINTRUSTEE-PAST
Trustee or director
1$0$0$0
990 for the year ended September 30, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
E CRAIG YOUNGBENEFITS DIR
Key employee
40$350,000$0$52,839
THOMAS MITTELBRUN IIITRUSTEE
Trustee or director
1$0$288,900$59,055
MICHELE DAVISASS'T BENE.
Highest-paid employee
40$138,000$0$52,839
JAMES PELTIERTRUSTEE
Trustee or director
1$0$136,045$52,839
KIMBERLY L'HEUREUXTRUSTEE
Trustee or director
1$0$126,015$52,839
JOSEPH DIEDERICHSTRUSTEE
Trustee or director
1$0$1,685$527
WILLIAM DARISHTRUSTEE
Trustee or director
1$0$0$0
STEVEN WELLEINTRUSTEE/CHAI
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 71337, MADISON HTS, MI 48071-0337
Principal officer (990 for 2024)
E CRAIG YOUNG, P O BOX 71337, MADISON HEIGHTS, MI 48071
Signed the 990
E CRAIG YOUNG, BENEFITS DIRECTOR
Phone
(586) 575-9200
Return prepared by
MCCLAIN SMITH & WENZ PC

Mission

THE FUND WAS ESTABLISHED BY COLLECTIVE-BARGAINING BETWEEN IBEW LOCAL 58 AND SMC NECA TO PROVIDE HEALTH INSURANCE TO MEMBER ELECTRICIANS AND THEIR FAMILIES. OVER 5,900 PARTICIPANTS AND 6,700 BENEFICIARIES & DEPENDENTS BENEFIT.

990 for the year ended September 30, 2025

Program accomplishments

  • THE FUND PROVIDES HEALTH BENEFITS TO OVER 12,600 PARTICIPANTS, DEPENDENTS AND BENEFICIARIES.
    Expenses $88,578,392 · revenue $92,786,165

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
38-1393235
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1954
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$135,588,755
Income (IRS master file)
$126,781,548

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$92,786,165$88,578,392$135,588,755XML
990September 2024$81,460,286$80,320,439$130,217,795XML
990September 2023$71,557,544$74,914,679$117,212,126XML
990September 2022$68,169,519$80,453,786$116,743,613IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1393235).

Questions about ELECTRICAL WORKERS INSURANCE FUND

What is the EIN of ELECTRICAL WORKERS INSURANCE FUND?
The employer identification number (EIN) of ELECTRICAL WORKERS INSURANCE FUND is 38-1393235.
Is ELECTRICAL WORKERS INSURANCE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1954.
Are donations to ELECTRICAL WORKERS INSURANCE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ELECTRICAL WORKERS INSURANCE FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ELECTRICAL WORKERS INSURANCE FUND due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ELECTRICAL WORKERS INSURANCE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of ELECTRICAL WORKERS INSURANCE FUND?
The 990 for the year ended September 30, 2025 names E CRAIG YOUNG.
Who are the officers and directors of ELECTRICAL WORKERS INSURANCE FUND?
The 990 for the year ended September 30, 2025 lists 10 people; 3 received compensation from the organization, the highest $399,173 (E CRAIG YOUNG, BENEFITS DIR).
How much revenue does ELECTRICAL WORKERS INSURANCE FUND have?
On its 990 for the year ended September 30, 2025 it reported revenue of $92,786,165, expenses of $88,578,392 and total assets of $135,588,755 at year end.

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