Nysa-Ila Welfare Fund

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

EIN: 135638505 ✦ Jersey city, NJ ✦ Designated as a 501(c)(9)

Overview

What is Nysa-Ila Welfare Fund?

Nysa-Ila Welfare Fund is a multi-employer welfare benefit plan established through the collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. The primary mission of this nonprofit organization is to offer surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits to its members. With a workforce of 642 employees, the fund has successfully accomplished its goal of providing essential health-related services to those in need.


Is Nysa-Ila Welfare Fund legitimate?

Nysa-Ila Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nysa-Ila 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: $981,846

For more financial information, click here


What is the mission statement of Nysa-Ila Welfare Fund?
Who is the CEO of Nysa-Ila Welfare Fund?
What is the revenue of Nysa-Ila Welfare Fund?
Who are the executives of Nysa-Ila Welfare Fund and what are their salaries?

The average compensation at Nysa-Ila Welfare Fund during 2022 was $1,529. There are 642 employees at Nysa-Ila Welfare Fund.

Here are 25 key members and their salaries:


Where can I find the form 990 for Nysa-Ila Welfare Fund?

Mission Statement of Nysa-Ila Welfare Fund

Nysa-Ila Welfare Fund is a multiemployer welfare employee benefit plan, established in accordance with the collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. This organization plays a vital role in offering essential benefits to its members.

The Nysa-Ila Welfare Fund's primary mission is to ensure the provision of surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits to its members. By fulfilling this mission, the Fund has demonstrated its commitment to its members' wellbeing and financial security. Through the collective bargaining agreement, the Fund has been able to establish a comprehensive benefits package that addresses various health and financial needs.

The Nysa-Ila Welfare Fund has accomplished its mission by offering a range of benefits that cater to the diverse needs of its members. By providing surgical and medical coverage, the Fund ensures that its members have access to necessary medical procedures and treatments. The inclusion of hospital care benefits guarantees that members have financial support during their hospital stays, allowing them to focus on their recovery. Furthermore, death and dismemberment benefits offer peace of mind to members and their families, providing financial assistance during difficult times. Lastly, non-occupational disability benefits protect members from the financial burden of being unable to work due to non-work-related injuries or illnesses.

In summary, the Nysa-Ila Welfare Fund is a multiemployer welfare employee benefit plan that has accomplished its mission by offering a comprehensive benefits package to its members. By providing surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits, the Fund has demonstrated its commitment to the financial and health security of its members.

Impact

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




Thursday, August 15, 2024

Nysa-Ila Welfare Fund's impact lies in its provision of essential benefits to its members, including surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits. By fulfilling its mission as a multi-employer welfare employee benefit plan established under a collective bargaining agreement, the Fund ensures that its members have access to necessary support in times of need. This direct assistance contributes to the well-being and security of individuals within the organization, exemplifying the tangible difference that the Fund makes in the lives of its beneficiaries.





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: $117,682
  • Program Service Revenue: $19,963,109
  • Gross Receipts: $20,224,051

    • Assets and Liabilities:
  • Total Assets: $10,816,202
  • Total Liabilities: $3,170,421
  • Net Assets: $7,645,781
  • Programs

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

    PROGRAM SERVICE REVENUE

    Revenue

    $19,963,109

    Organization Details

    Founding Year

    1957

    Principal Officer

    Dominick Gaudioso

    Main Address

    10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302

    NTEE Category

    Code: Y40 - Mutual benefit

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