International Brotherhood Of Tmstrs 863 Welfare Fund

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

EIN: 221478216 ✦ Mountainside, NJ ✦ Designated as a 501(c)(9)

Overview

What is International Brotherhood Of Tmstrs 863 Welfare Fund?

The International Brotherhood of TMSTRS 863 Welfare Fund is a Union Health Insurance Fund situated in Mountainside, New Jersey. This nonprofit organization offers a range of benefits for eligible employees and their dependents. These benefits include life insurance, accidental death and dismemberment coverage, hospital surgical and medical services, major medical coverage, protection against polio, dental services, optical care, and prescription drug coverage. The primary mission of the International Brotherhood of TMSTRS 863 Welfare Fund is to ensure the wellbeing of its members by providing essential health and insurance services.


Is International Brotherhood Of Tmstrs 863 Welfare Fund legitimate?

International Brotherhood Of Tmstrs 863 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Brotherhood Of Tmstrs 863 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: $501,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of International Brotherhood Of Tmstrs 863 Welfare Fund?
Who is the CEO of International Brotherhood Of Tmstrs 863 Welfare Fund?
What is the revenue of International Brotherhood Of Tmstrs 863 Welfare Fund?
Who are the executives of International Brotherhood Of Tmstrs 863 Welfare Fund and what are their salaries?
Where can I find the form 990 for International Brotherhood Of Tmstrs 863 Welfare Fund?

Mission Statement of International Brotherhood Of Tmstrs 863 Welfare Fund

The International Brotherhood of TMSTRS 863 Welfare Fund is a union health insurance fund that plays a vital role in providing essential benefits to eligible employees and their dependents. Established with a mission to support the workforce, this organization offers a comprehensive range of benefits designed to ensure the well-being of its members.

In more detail, the International Brotherhood of TMSTRS 863 Welfare Fund extends life, accidental death and dismemberment, hospital surgical, medical, major medical, polio, dental, optical, and prescription drug benefits to its beneficiaries. This wide range of coverage helps to alleviate the financial burden of healthcare expenses and offers peace of mind to those enrolled. By providing these benefits, the Fund demonstrates its commitment to the health and welfare of its union members.

The International Brotherhood of TMSTRS 863 Welfare Fund's mission is to safeguard the well-being of its members, ensuring they have access to essential healthcare services when they need it most. The benefits the Fund offers are not just a luxury, but a necessity, and its presence is invaluable in protecting the financial and health security of its union colleagues.

Impact

This information is meant to be a general summary of International Brotherhood Of Tmstrs 863 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 International Brotherhood of Tmstrs 863 Welfare Fund's impact is significant in providing essential health insurance benefits to eligible employees and their dependents. By offering coverage for life, accidental death & dismemberment, hospital surgical, medical, major medical, polio, dental, optical, and prescription drug benefits, the Fund plays a vital role in ensuring the well-being of its members. This support helps alleviate financial burdens associated with healthcare costs and promotes the overall welfare of union members and their families. Through its services, the International Brotherhood of Tmstrs 863 Welfare Fund contributes to the mutual benefit and health security of its members in Mountainside, NJ, and beyond.





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 2023.

  • Investment Income: $-232,953
  • Program Service Revenue: $46,037,943
  • Gross Receipts: $65,410,014

    • Assets and Liabilities:
  • Total Assets: $24,446,467
  • Total Liabilities: $1,489,657
  • Net Assets: $22,956,810
  • Programs

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

    EMPLOYERS CONTRIBUTIONS

    Revenue

    $45,922,539

    C.O.B.R.A.

    Revenue

    $115,277

    Organization Details

    Founding Year

    1950

    Principal Officer

    Alphonse Rispoli Jr

    Main Address

    209 SUMMIT ROAD, MOUNTAINSIDE, NJ, 07092

    NTEE Category

    Code: Y40 - Mutual benefit

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