Overview
What is Life Benefit Plan?
Life Benefit Plan is a nonprofit organization situated in Brooklyn, New York, specifically at 325 73rd Street. Their primary mission is to offer various insurance benefits, including hospital, medical, dental, optical, and accidental death and dismemberment coverage, to both participants and their beneficiaries. The organization aims to provide these benefits to enhance the well-being and security of its members. With a small team of nine dedicated individuals, Life Benefit Plan strives to improve the overall health and financial security of its participants.
Official website here: www.lifebenefitplan.com
Is Life Benefit Plan legitimate?
Life Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Life Benefit 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $382,494
Professional Fundraising Fees: $0
Other Salaries and Wages: $866,362
For more financial information, click here
Official website here: www.lifebenefitplan.com
What is the mission statement of Life Benefit Plan?
The Life Benefit Plan is committed to providing a range of insurance services, including hospital, medical, dental, optical, and accidental death and dismemberment coverage, as well as other benefits, to its participants and their beneficiaries. Its mission is to ensure that these individuals are protected and financially secured during unforeseen medical events. The plan aims to offer peace of mind and essential coverage to its members, providing them with the necessary support during challenging health situations.
Official website here: www.lifebenefitplan.com
Who is the CEO of Life Benefit Plan?
Dina Chiclana is the Trustee of Life Benefit Plan.
Official website here: www.lifebenefitplan.com
What is the revenue of Life Benefit Plan?
Life Benefit Plan's revenue in 2022 was $4,767,446.
Official website here: www.lifebenefitplan.com
Who are the executives of Life Benefit Plan and what are their salaries?
The average compensation at Life Benefit Plan during 2022 was $138,762. There are 9 employees at Life Benefit Plan.
Here are 6 key members and their salaries:
- Compensation: $293,279
- Related: $0
- Other: $89,215
- Compensation: $0
- Related: $213,739
- Other: $53,417
- Compensation: $140,516
- Related: $0
- Other: $11,490
- Compensation: $0
- Related: $83,491
- Other: $17,352
- Compensation: $0
- Related: $32,807
- Other: $13,839
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifebenefitplan.com
Where can I find the form 990 for Life Benefit Plan?
Life Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifebenefitplan.com
Learn more at the official website: www.lifebenefitplan.com
Mission Statement of Life Benefit Plan
Life Benefit Plan, as its name suggests, is dedicated to providing a range of insurance and benefit services. Its primary mission is to offer participants and their beneficiaries hospital, medical, dental, optical, and accidental death and dismemberment insurance coverage. This comprehensive insurance package is designed to provide financial support and peace of mind in various health-related scenarios. Beyond insurance, Life Benefit Plan also extends other benefits to its participants, ensuring a holistic approach to their well-being.
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Impact
October, 2024
Life Benefit Plan provides crucial support by offering a comprehensive range of insurance options, including hospital, medical, dental, optical, and accidental death and dismemberment coverage. This initiative significantly impacts participants by ensuring access to essential healthcare services, which can alleviate financial strain during medical emergencies or unforeseen incidents.
By focusing on mutual benefit, Life Benefit Plan prioritizes the welfare of its participants and their beneficiaries, promoting health security and peace of mind. This coverage not only addresses immediate healthcare needs but also fosters long-term well-being by enabling individuals to seek preventive care without the fear of overwhelming costs.
The organization’s efforts in Brooklyn, NY, contribute to the overall health of the community, enhancing the quality of life for those enrolled in the program. In times of crisis, the support provided by Life Benefit Plan can be a lifeline, significantly reducing the impact of medical expenses and improving overall resilience within the community.
This information is meant to be a general summary of Life Benefit Plan. 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: $10,903
- Program Service Revenue: $4,715,763
- Gross Receipts: $4,767,446
Assets and Liabilities:
- Total Assets: $4,730,601
- Total Liabilities: $556,744
- Net Assets: $4,173,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTINUING COVERAGE CONTR
Revenue
$25,515
EMPLOYER CONTRIBUTIONS
Revenue
$4,690,248
Organization Details
Founding Year
1975
Phone
(718) 238-2399Principal Officer
Dina Chiclana
Main Address
325 73RD STREET, BROOKLYN, NY, 11209
Website
www.lifebenefitplan.comNTEE Category
Code: Y40 - Mutual benefit
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