Overview
What is Hollingsworth & Whitney Association?
Hollingsworth & Whitney Association is a nonprofit organization that offers various benefits to its members. Each year, the association provides financial assistance for sickness, accidents, and donations to 99 and 86 members respectively. After covering expenses, any remaining funds are returned to the members at year's end. Recently, they have set aside 2,000 dollars for potential COVID-19 related expenses, which will be refunded if not utilized by 2022. The association primarily caters to the welfare of its employees, providing benefits related to health issues, accidents, and even death-like situations.
Is Hollingsworth & Whitney Association legitimate?
Hollingsworth & Whitney Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hollingsworth & Whitney Association submitted a form 990EZ, 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 tax deductible.
What is the mission statement of Hollingsworth & Whitney Association?
The Hollingsworth & Whitney Association provides benefits to its members in times of sickness, accidents, and as donations. At the end of each year, any remaining funds after covering expenses are returned to the members. As a sign of preparedness during the COVID-19 pandemic, they have set aside 2,000 for potential use in 2021, with the intention of refunding it in 2022 if it remains unused. The association primarily caters to employees, offering benefits related to sickness, accidents, and even death, similar in nature.
Who is the CEO of Hollingsworth & Whitney Association?
Francis Costigan is the President of Hollingsworth & Whitney Association.
What is the revenue of Hollingsworth & Whitney Association?
Hollingsworth & Whitney Association's revenue in 2022 was $15,738.
Who are the executives of Hollingsworth & Whitney Association and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Hollingsworth & Whitney Association?
Hollingsworth & Whitney Association's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Hollingsworth & Whitney Association
The Hollingsworth & Whitney Association is an organization that focuses on providing benefits to its members. Each year, it pays out funds to its 99 members in instances of sickness, accidents, and as donations. At the end of the year, any remaining funds are returned to the members after covering expenses. The association has a reserve of 2,000 dollars set aside for potential COVID-19 related expenses, which will be refunded to the members in 2022 if not utilized. Similarly, the association has provided benefits to 86 members in the past, following the same pattern of covering sickness, accidents, and making donations. After covering expenses, any remaining funds are returned to these members as well. The Hollingsworth & Whitney Association primarily caters to employees, offering benefits related to sickness, accidents, death, and situations of a similar nature.
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Impact
October, 2024
Hollingsworth & Whitney Association plays a significant role in providing mutual support for its members in times of need. In the past year, it has disbursed benefits to 99 members for sickness, accidents, and donations, reflecting its commitment to fostering a sense of community and security among its members. Following the association's policies, it returned all remaining funds to its members at the end of the year after covering necessary expenses, exemplifying a transparent and member-centric approach.
The association also set aside $2,000 in anticipation of potential COVID-19 related expenses, demonstrating foresight and responsibility during an unprecedented time. Should these funds remain unutilized, the plan to refund them in 2022 underscores a dedication to the financial welfare of its members.
Moreover, it has successfully paid benefits to 86 members under similar circumstances, indicating a consistent and reliable support system. By facilitating these benefits—primarily linked to health-related incidents, accidents, and the death of members—the association strengthens the safety net for its community in Clinton, ME. Overall, the Hollingsworth & Whitney Association significantly impacts its members' lives by delivering essential support and reinforcing mutual aid principles.
This information is meant to be a general summary of Hollingsworth & Whitney Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $53
- Gross Receipts: $15,738
Assets and Liabilities:
- Total Assets: $22,367
- Total Liabilities: $0
- Net Assets: $22,367
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Organization Details
Phone
(207) 692-7122Principal Officer
Francis Costigan
Main Address
1030 BELLSQUEEZE RD, CLINTON, ME, 04927
NTEE Category
Code: Y40 - Mutual benefit
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