Health & Welfare Plan Local 854 Ibt

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

EIN: 111774226 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Health & Welfare Plan Local 854 Ibt?

Health & Welfare Plan Local 854 Ibt is a nonprofit organization situated in New York City, specifically at 655 Third Avenue, 1200. Their primary mission is to provide comprehensive health benefits to eligible participants and their dependents. This includes medical coverage, prescription drug plans, optical services, life insurance, and dental benefits. The organization's goal is to ensure these benefits are delivered in accordance with the agreed terms and conditions, adhering to applicable laws.

Is Health & Welfare Plan Local 854 Ibt legitimate?

Health & Welfare Plan Local 854 Ibt is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health & Welfare Plan Local 854 Ibt 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Health & Welfare Plan Local 854 Ibt?

The mission of Health & Welfare Plan Local 854 IBT, as stated, is to offer medical, prescription drug, optical, life insurance, and dental benefits to eligible participants and their dependents. This is done in accordance with the specified agreement and plan, adhering to applicable laws. The plan aims to provide these benefits in the amounts and conditions detailed in the agreement, ensuring that qualified participants and their dependents can avail of these services when needed.

Who is the CEO of Health & Welfare Plan Local 854 Ibt?

Demos P Demopoulos is the Trustee of Health & Welfare Plan Local 854 Ibt.

What is the revenue of Health & Welfare Plan Local 854 Ibt?

Health & Welfare Plan Local 854 Ibt's revenue in 2022 was $98,170.

Who are the executives of Health & Welfare Plan Local 854 Ibt and what are their salaries?


Here are 6 key members and their salaries:


Demos Demopoulos (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Curcio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Barrett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Cassese (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Spinelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephan Malone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Health & Welfare Plan Local 854 Ibt?

Health & Welfare Plan Local 854 Ibt's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Health & Welfare Plan Local 854 Ibt

Health & Welfare Plan Local 854 Ibt is an organization committed to providing essential health and related benefits to eligible participants and their dependents. Their mission, as stated in the agreement and plan, is to offer medical, prescription drug, optical, life insurance, and dental benefits to qualified participants and their dependents, adhering to applicable laws. The plan's primary goal is to provide these benefits in specified amounts and conditions, thus ensuring the well-being of its participants and their families. By offering these comprehensive benefits, Health & Welfare Plan Local 854 Ibt aims to enhance the overall health and quality of life for its members, providing them with peace of mind and security in times of need.

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Impact




October, 2024

Health & Welfare Plan Local 854 IBT significantly impacts participants and their families by providing essential medical, prescription drug, optical, life insurance, and dental benefits. By offering comprehensive healthcare coverage, the plan ensures that eligible participants have access to necessary medical services, which can improve overall health outcomes and enhance quality of life.

The plan not only supports individuals but also strengthens families through the inclusion of dependents in its coverage, fostering a sense of security and stability. Access to preventive care, treatment for illnesses, and necessary medications helps mitigate financial burdens associated with health crises, making healthcare more affordable for participants.

This initiative contributes to a healthier workforce in New York, as employees can focus on their jobs without the constant worry of healthcare expenses. Additionally, by adhering to legal standards and fulfilling the commitments outlined in the agreement, the Health & Welfare Plan Local 854 IBT plays a crucial role in promoting mutual benefit and collective well-being within the community it serves.




This information is meant to be a general summary of Health & Welfare Plan Local 854 Ibt. 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.

Revenue
$98,170 (2022)
Expenses
$450,225 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $88,483
  • Gross Receipts: $98,170

Assets and Liabilities:

  • Total Assets: $22,579
  • Total Liabilities: $220,144
  • Net Assets: -$197,565

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Programs

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

CONTRIBUTIONS FROM EMP

Revenue

$55,225

CONTRIBUTIONS FROM PAR

Revenue

$33,258

Organization Details

Founding Year

1950

Principal Officer

Demos P Demopoulos

Main Address

655 THIRD AVENUE 1200, NEW YORK, NY, 10017

NTEE Category

Code: Y40 - Mutual benefit

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