Sergeants Benevolent Association Health & Welfare Fund

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

EIN: 133704948 ✦ New york, NY ✦ Designated as a 501(c)(9)

Overview

What is Sergeants Benevolent Association Health & Welfare Fund?

The Sergeants Benevolent Association Health & Welfare Fund is a nonprofit organization situated in New York, specifically at 35 Worth Street, New York, NY 10007. With a team of 11 dedicated individuals, their primary mission is to offer supplemental health benefits to their covered members and their dependents. This fund focuses on extending essential healthcare services beyond the scope of regular insurance plans, ensuring that the individuals they serve have comprehensive healthcare support.


Official website here: www.sbanyc.org

Is Sergeants Benevolent Association Health & Welfare Fund legitimate?

Sergeants Benevolent Association Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sergeants Benevolent Association Health & Welfare 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $657,504

For more financial information, click here


Official website here: www.sbanyc.org

What is the mission statement of Sergeants Benevolent Association Health & Welfare Fund?

The Sergeants Benevolent Association Health & Welfare Fund is dedicated to providing supplemental health benefits to its covered members and their dependents. This mission is carried out with the primary goal of enhancing the existing healthcare coverage for these individuals. The fund's purpose is to ensure that the healthcare needs of its members are met as comprehensively as possible. The organization offers a range of benefits, tailored to improve the overall health and wellbeing of the beneficiaries. By supplementing existing health plans, the fund aims to fill any gaps and provide peace of mind for its members. The organization's commitment to the health and well-being of its members is unwavering, making it an essential resource within the community it serves.


Official website here: www.sbanyc.org

Who is the CEO of Sergeants Benevolent Association Health & Welfare Fund?

Vincent Vallelong is the Trustee of Sergeants Benevolent Association Health & Welfare Fund.


Official website here: www.sbanyc.org

What is the revenue of Sergeants Benevolent Association Health & Welfare Fund?

Sergeants Benevolent Association Health & Welfare Fund's revenue in 2022 was $28,427,131.


Official website here: www.sbanyc.org

Who are the executives of Sergeants Benevolent Association Health & Welfare Fund and what are their salaries?

The average compensation at Sergeants Benevolent Association Health & Welfare Fund during 2022 was $59,773. There are 11 employees at Sergeants Benevolent Association Health & Welfare Fund.

Here are 12 key members and their salaries:

    Dennis Ostermann (Controller)
  • Compensation: $32,964
  • Related: $186,796
  • Other: $13,186

    • Errol Ogman (Benefit Fund Manager)
  • Compensation: $114,000
  • Related: $28,500
  • Other: $8,550

    • Vincent Vallelong (Trustee)
  • Compensation: $0
  • Related: $97,901
  • Other: $0

    • Edmund Small (Trustee)
  • Compensation: $0
  • Related: $60,197
  • Other: $0

    • Anthony Borelli (Trustee)
  • Compensation: $0
  • Related: $38,133
  • Other: $0

    • Michael Peruggia (Trustee)
  • Compensation: $0
  • Related: $33,736
  • Other: $0

    • Edward D Mullins (Trustee Former)
  • Compensation: $0
  • Related: $29,586
  • Other: $0

    • Paul Capotosto (Trustee Former)
  • Compensation: $0
  • Related: $27,101
  • Other: $0

    • Edward Geary (Trustee)
  • Compensation: $0
  • Related: $22,064
  • Other: $0

    • Donald Kipp (Trustee)
  • Compensation: $0
  • Related: $20,961
  • Other: $0

    • Vincent Guida (Trustee Former)
  • Compensation: $0
  • Related: $17,172
  • Other: $0

    • Joseph Ricotta (Trustee)
  • Compensation: $0
  • Related: $11,032
  • Other: $0


  • Official website here: www.sbanyc.org

    Where can I find the form 990 for Sergeants Benevolent Association Health & Welfare Fund?

    The Sergeants Benevolent Association Health & Welfare Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sbanyc.org

    Learn more at the official website: www.sbanyc.org

    Mission Statement of Sergeants Benevolent Association Health & Welfare Fund

    The Sergeants Benevolent Association Health & Welfare Fund is a nonprofit organization dedicated to extending health benefits to its covered members and their dependents. In simpler terms, this charitable entity is committed to bridging the gap in healthcare coverage for those it serves. By offering supplemental health benefits, the Fund ensures that its members have access to essential medical services beyond what their primary insurance may provide. In doing so, it brings peace of mind to countless individuals and families, allowing them to focus on their health and wellbeing. The organization's unwavering mission is to support its community by providing crucial resources for improved health outcomes.

    Impact

    This information is meant to be a general summary of Sergeants Benevolent Association Health & Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Sergeants Benevolent Association Health & Welfare Fund's impact is significant in providing supplemental health benefits to covered members and their dependents. By offering these benefits, the fund plays a crucial role in helping members access additional healthcare support beyond what may be provided through their primary sources. This assistance can contribute to improved overall health and well-being for the covered individuals and their families, ensuring they receive necessary care and support when needed.





    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: $361,637
  • Program Service Revenue: $27,725,390
  • Gross Receipts: $28,427,131

    • Assets and Liabilities:
  • Total Assets: $57,930,216
  • Total Liabilities: $11,201,067
  • Net Assets: $46,729,149
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $21,201,979

    PRESCRIPTION REBATES

    Revenue

    $3,264,818

    MEDICARE REIMBURSEMENTS

    Revenue

    $2,587,481

    COBRA CONTRIBUTIONS

    Revenue

    $671,112

    Organization Details

    Founding Year

    1993

    Principal Officer

    Vincent Vallelong

    Main Address

    35 WORTH STREET, NEW YORK, NY, 10007

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Sergeants Benevolent Association Health & Welfare 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.