Overview
What is Local 677 Health Service And Insurance Plan?
Local 677 Health Service and Insurance Plan is a nonprofit organization based in Cheshire, Connecticut, specifically located at 609 West Johnson Ave, ZIP code 06410. With a team of six employees, this self-insured health benefit plan provides medical, death, and life insurance benefits to approximately 2,953 members, along with their dependents. The organization's mission is to offer self-insured healthcare coverage to union members under the collective bargaining agreement negotiated by Teamster Local 677.
Is Local 677 Health Service And Insurance Plan legitimate?
Local 677 Health Service And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 677 Health Service And Insurance Plan 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: $18,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,132
For more financial information, click here
Mission Statement of Local 677 Health Service And Insurance Plan
Local 677 Health Service and Insurance Plan, a self-insured health benefit plan, is dedicated to providing comprehensive health benefits to its 2,953 members and their dependents. The organization is an integral part of the collective bargaining agreement negotiated by Teamster Local 677 Union. In essence, it serves as a safety net, ensuring its members have access to essential medical, death, and life insurance coverage.
By prioritizing the health and well-being of its union members, Local 677 Health Service and Insurance Plan assumes the risk and financial responsibility for the covered members' healthcare costs. It offers a broad range of insurance benefits, enabling its members to focus on their wellness rather than the financial implications of their healthcare needs. The plan's mission extends beyond just providing coverage, as it plays a crucial role in safeguarding the health and financial security of the union community it serves.
Impact
This information is meant to be a general summary of Local 677 Health Service And Insurance Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Local 677 Health Service And Insurance Plan's impact is significant in providing insured and self-insured medical, death, and life insurance benefits to its 2,953 members along with their dependents. Its mission to provide self-insured health benefits to members covered under a collective bargaining agreement negotiated by the Teamster Local 677 union directly contributes to the well-being and security of its members and their families in Cheshire, CT. This organization plays a crucial role in ensuring access to essential healthcare services and financial protection for its members, fulfilling its commitment to mutual benefit.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$40,738,704
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$418,783
COBRA CONTRIBUTIONS
Revenue
$152,601
PAYROLL AUDIT CONTRIBUTIONS
Revenue
$80,340
Organization Details
Founding Year
1958
Phone
(203) 755-2906
Principal Officer
John Murphy
Main Address
609 WEST JOHSON AVE, CHESHIRE, CT, 06410
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Local 677 Health Service And Insurance Plan 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.