Overview
What is Local No 5 Muncipal Employees Benefit Trust Fund?
Local No 5 Municipal Employees Benefit Trust Fund is a nonprofit organization situated in Floral Park, New York. Their primary purpose is to provide supplemental medical benefits to members belonging to the collective bargaining unit of New York City municipal workers, who are covered under their contract with Local No 5. The fund plays a crucial role in meeting the healthcare needs of these workers by covering their medical expenses and managing administrative costs. The organization operates with a specific mission to support and enhance the well-being of its members.
Is Local No 5 Muncipal Employees Benefit Trust Fund legitimate?
Local No 5 Muncipal Employees Benefit Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local No 5 Muncipal Employees Benefit Trust 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Local No 5 Muncipal Employees Benefit Trust Fund?
The Local No 5 Municipal Employees Benefit Trust Fund's primary mission is to provide supplemental medical benefits to its members, who are part of the collective bargaining unit of New York City municipal workers. This is in accordance with their Collective Bargaining Agreement (CBA) with the local. The fund's activities primarily involve paying these benefits or covering administrative expenses related to its operations. The main objective is to support the health and wellbeing of its members, providing them with additional medical coverage beyond what they may receive through other means. The fund plays a crucial role in ensuring that these municipal workers have access to necessary medical care, thereby enhancing their overall quality of life.
Who is the CEO of Local No 5 Muncipal Employees Benefit Trust Fund?
Thomas Ryan is the Trustee of Local No 5 Muncipal Employees Benefit Trust Fund.
What is the revenue of Local No 5 Muncipal Employees Benefit Trust Fund?
Local No 5 Muncipal Employees Benefit Trust Fund's revenue in 2022 was $224,161.
Who are the executives of Local No 5 Muncipal Employees Benefit Trust Fund and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Local No 5 Muncipal Employees Benefit Trust Fund?
Local No 5 Muncipal Employees Benefit Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local No 5 Muncipal Employees Benefit Trust Fund
Local No 5 Municipal Employees Benefit Trust Fund is an organization dedicated to providing supplemental medical benefits to members of the collective bargaining unit, specifically New York City municipal workers covered under their Collective Bargaining Agreement (CBA) with the Local. Its mission is to alleviate the financial burden of medical expenses for these individuals, ensuring they have access to necessary healthcare services. The Trust Fund accomplishes this by paying out benefits directly to or on behalf of its members, as well as managing administrative expenses associated with its operations. By providing this vital support, Local No 5 Municipal Employees Benefit Trust Fund plays a crucial role in enhancing the overall well-being and financial stability of its membership.
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Impact
October, 2024
Local No 5 Municipal Employees Benefit Trust Fund plays a crucial role in enhancing the welfare of New York City municipal workers by providing supplemental medical benefits to its members. This support is vital for those covered under the collective bargaining agreement, ensuring they receive essential healthcare services that may not be fully covered by standard insurance plans.
By alleviating some of the financial burdens associated with medical expenses, the fund directly contributes to the physical and financial well-being of its members and their families. The trust fund not only compensates individuals for out-of-pocket medical costs but also covers direct administrative expenses related to these benefits, ensuring efficient management and delivery of services.
In essence, Local No 5 Municipal Employees Benefit Trust Fund significantly impacts the lives of municipal workers, providing them with peace of mind and promoting a healthier workforce within the community.
This information is meant to be a general summary of Local No 5 Muncipal Employees Benefit Trust Fund. 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: $64,987
- Program Service Revenue: $159,174
- Gross Receipts: $224,161
Assets and Liabilities:
- Total Assets: $1,815,671
- Total Liabilities: $0
- Net Assets: $1,815,671
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$159,174
Organization Details
Founding Year
1985
Phone
(718) 356-4900Principal Officer
Thomas Ryan
Main Address
24 VAN SICLEN AVENUE, FLORAL PARK, NY, 110012013
NTEE Category
Code: Y40 - Mutual benefit
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