Local 298 Health Fund I

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 111967404 ✦ Valley stream, NY ✦ Designated as a 501(c)(9)

Overview

What is Local 298 Health Fund I?

Local 298 Health Fund I, also known as Local 298 Health Benefit Fund 1, is a nonprofit organization based in Valley Stream, New York. Their primary focus is providing health benefits to eligible participants. With a clear mission statement, this organization aims to enhance the wellbeing of its members by offering essential health benefits. By translating the information into simple terms, the organization serves to improve the health situations of those it caters to.


Is Local 298 Health Fund I legitimate?

Local 298 Health Fund I is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 298 Health Fund I submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $154,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,982

For more financial information, click here


What is the mission statement of Local 298 Health Fund I?
Who is the CEO of Local 298 Health Fund I?
What is the revenue of Local 298 Health Fund I?
Who are the executives of Local 298 Health Fund I and what are their salaries?
Where can I find the form 990 for Local 298 Health Fund I?

Mission Statement of Local 298 Health Fund I

Local 298 Health Fund I is a mission-driven organization dedicated to extending health benefits to eligible participants. This nonprofit entity prioritizes the well-being of individuals who meet specific criteria, ensuring they have access to essential healthcare services.

In simpler terms, Local 298 Health Fund I serves as a safety net for individuals, offering them crucial health benefits when they need it most. By providing this critical support, the organization enhances the quality of life for its beneficiaries, addressing their healthcare needs and promoting their overall well-being.

Through its unwavering commitment and mission, Local 298 Health Fund I has become an indispensable resource for those in need. By focusing on delivering health benefits, the organization plays a pivotal role in improving the health and livelihoods of the people it serves.

Impact

This information is meant to be a general summary of Local 298 Health Fund I. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Local 298 Health Fund I's impact lies in its provision of health benefits to eligible participants. By offering crucial healthcare coverage, this organization directly contributes to the well-being and quality of life of its members. Through its activities in Valley Stream, NY, Local 298 Health Fund I plays a significant role in ensuring access to essential healthcare services for individuals who may not have been able to afford them otherwise. This impact extends beyond just the physical health aspect, as access to healthcare can also positively affect individuals' financial stability and overall peace of mind.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $534,590
  • Program Service Revenue: $26,227,845
  • Gross Receipts: $25,395,807

    • Assets and Liabilities:
  • Total Assets: $19,412,373
  • Total Liabilities: $6,977,536
  • Net Assets: $12,434,837
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $26,101,653

    PARTICIPANT CONTRIBUTIO

    Revenue

    $126,192

    Organization Details

    Founding Year

    1955

    Principal Officer

    Victor Lagreca

    Main Address

    201 WEST VALLEY STREAM BOULEVARD, VALLEY STREAM, NY, 115805538

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Local 298 Health Fund I and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.