Metro-Ila Fringe Benefit Fund

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

EIN: 133050863 ✦ Rutherford, NJ ✦ Designated as a 501(c)(9)

Overview

What is Metro-Ila Fringe Benefit Fund?

The Metro-Ila Fringe Benefit Fund is a nonprofit organization based in Rutherford, New Jersey, with an address at 301 Route 17N, ZIP code 07070. Its primary mission is to provide a range of fringe benefits for eligible participants and their dependents. These benefits include health services such as life, accidental death and dismemberment, disability, major medical, hospitalization and surgical, clinic, pharmacy, optical, and dental coverage. In addition, the organization offers an employee assistance program, vacation benefits, paid holidays, jury duty, and bereavement benefits. The fund is established exclusively for the benefit of eligible participants and their dependants, providing them with essential welfare benefits. The total number of employees for the organization is eight.


Official website here: www.metro-ila.com

Is Metro-Ila Fringe Benefit Fund legitimate?

Metro-Ila Fringe Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Metro-Ila Fringe Benefit Fund 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: $32,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,996

For more financial information, click here


Official website here: www.metro-ila.com

What is the mission statement of Metro-Ila Fringe Benefit Fund?

The Metro-Ila Fringe Benefit Fund is dedicated to providing fringe benefits for eligible participants and their dependents. The primary mission of the fund is to offer a range of benefits, including health coverage such as life, accidental death and dismemberment, disability, major medical, hospitalization, surgical, clinic, pharmacy, optical, and dental services. Additional perks include an employee assistance program, vacation benefits, paid holiday benefits, jury duty benefits, and bereavement leave. Furthermore, the plan provides supplemental catastrophic illness protection to enhance major medical insurance. In summary, the Metro-Ila Fringe Benefit Fund aims to improve the well-being and quality of life for its eligible members by offering a comprehensive benefits package.


Official website here: www.metro-ila.com

Who is the CEO of Metro-Ila Fringe Benefit Fund?

Joseph A Ragusa is the Trustee of Metro-Ila Fringe Benefit Fund.


Official website here: www.metro-ila.com

What is the revenue of Metro-Ila Fringe Benefit Fund?

Metro-Ila Fringe Benefit Fund's revenue in 2022 was $51,847,270.


Official website here: www.metro-ila.com

Who are the executives of Metro-Ila Fringe Benefit Fund and what are their salaries?

The average compensation at Metro-Ila Fringe Benefit Fund during 2022 was $42,050. There are 8 employees at Metro-Ila Fringe Benefit Fund.

Here are 6 key members and their salaries:

    Jerome Brancato (Benefit Director)
  • Compensation: $236,574
  • Related: $0
  • Other: $87,499

    • Joseph A Ragusa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Demeo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Vigneron (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Agosta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Kiely (Alternate Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.metro-ila.com

    Where can I find the form 990 for Metro-Ila Fringe Benefit Fund?

    The Metro-Ila Fringe Benefit Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.metro-ila.com

    Learn more at the official website: www.metro-ila.com

    Mission Statement of Metro-Ila Fringe Benefit Fund

    Metro-Ila Fringe Benefit Fund is a non-profit organization with a mission to extend fringe and welfare benefits to eligible participants and their dependents. Established exclusively for their benefit, the fund aims to provide a range of advantages, ensuring comprehensive coverage for the individuals it serves.

    The Metro-Ila Fringe Benefit Fund offers a diverse set of benefits designed to cater to various aspects of the eligible participants' lives. These benefits encompass health services such as life, accidental death and dismemberment, disability, major medical insurance, hospitalization and surgical coverage, clinic visits, pharmacy services, optometry, and dentistry. In addition to these essential health services, the fund provides an Employee Assistance Program for added support. Furthermore, it offers vacation benefits, paid holiday benefits, jury duty benefits, and bereavement days to enhance the overall well-being of the participants.

    To further fortify the health coverage, the Metro-Ila Fringe Benefit Fund incorporates Supplemental Catastrophic Illness Protection. This additional layer of protection supplements the major medical insurance, ensuring that participants are shielded from the financial burdens of catastrophic illnesses. With this extensive range of benefits, the Metro-Ila Fringe Benefit Fund plays a significant role in enhancing the overall quality of life for the eligible participants and their dependents.

    Impact

    This information is meant to be a general summary of Metro-Ila Fringe Benefit Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Metro-Ila Fringe Benefit Fund directly impacts eligible participants and their dependents by providing a comprehensive range of fringe benefits. These benefits include health coverage such as life insurance, accidental death and dismemberment coverage, disability insurance, major medical benefits, hospitalization and surgical coverage, as well as clinic, pharmacy, optical, and dental services. Additionally, the fund offers an employee assistance program, vacation benefits, paid holiday benefits, as well as provisions for jury duty and bereavement.

    Furthermore, the fund goes beyond standard benefits by providing supplemental catastrophic illness protection to supplement major medical insurance, ensuring that participants and their families are supported during challenging times. Through these initiatives, the Metro-Ila Fringe Benefit Fund plays a crucial role in enhancing the well-being and security of its beneficiaries, ultimately making a positive impact on their lives.





    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: $543,728
  • Program Service Revenue: $51,292,298
  • Gross Receipts: $95,521,833

    • Assets and Liabilities:
  • Total Assets: $69,477,700
  • Total Liabilities: $173,452
  • Net Assets: $69,304,248
  • Programs

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

    CONTRIBUTIONS - EMPLOYERS

    Revenue

    $51,292,298

    Organization Details

    Founding Year

    1981

    Principal Officer

    Joseph A Ragusa

    Main Address

    301 ROUTE 17N, RUTHERFORD, NJ, 07070

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Metro-Ila Fringe Benefit Fund 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.