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Hollow Metal Trust Fund

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

EIN: 112750720 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Hollow Metal Trust Fund?

The Hollow Metal Trust Fund is a nonprofit organization situated in New York, specifically at 395 Hudson Street, 9th Floor. Their primary mission is to provide a range of health-related benefits to qualified employees and their dependents who are affiliated with unions associated with the trust. These benefits encompass medical, surgical, hospitalization, prescription, dental, optical, disability, and death coverage. The Trust Fund aims to support the well-being and health needs of its eligible participants, ensuring they have access to necessary medical care and services.

Is Hollow Metal Trust Fund legitimate?

Hollow Metal Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hollow Metal 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: $166,062

For more financial information, click here

What is the mission statement of Hollow Metal Trust Fund?

The Hollow Metal Trust Fund's mission is centered around providing essential health benefits to eligible participants and their dependents. This includes medical, surgical, hospitalization, prescription, dental, optical, disability, and death benefits. The organization's primary activity involves processing and disbursing claims submitted by qualified covered employees of unions affiliated with the Trust.

Who is the CEO of Hollow Metal Trust Fund?

Denise Ortiz is the Employer Trustee - Chairma of Hollow Metal Trust Fund.

What is the revenue of Hollow Metal Trust Fund?

Hollow Metal Trust Fund's revenue in 2022 was $8,795,085.

Who are the executives of Hollow Metal Trust Fund and what are their salaries?

The average compensation at Hollow Metal Trust Fund during 2022 was $27,677. There are 6 employees at Hollow Metal Trust Fund.


Here are 7 key members and their salaries:


Vincent Gallo (Employer Trustee - Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edmund Greco (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Cavanaugh (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Geiger (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Villalta (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Mucaria (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Ortiz (Executive Director)
  • Compensation: $117,942
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hollow Metal Trust Fund?

Hollow Metal Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hollow Metal Trust Fund

The Hollow Metal Trust Fund is committed to providing essential medical, surgical, hospitalization, prescription, dental, optical, disability, and death benefits to eligible participants and their dependents. This organization's mission is centered around ensuring the well-being of its beneficiaries by disbursing funds for various health-related claims submitted by qualified covered employees of unions affiliated with the Trust. The Trust Fund plays a crucial role in providing financial support during medical emergencies, enabling eligible participants to access necessary healthcare services without undue financial strain.

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Impact




October, 2024

The Hollow Metal Trust Fund has a significant impact on the lives of eligible participants and their dependents by providing essential health and financial benefits. It offers a comprehensive range of support, including medical, surgical, hospitalization, prescription, dental, optical, disability, and death benefits. This vital assistance ensures that union-affiliated employees can access necessary healthcare services and supports their overall well-being. By covering claims for various medical expenses, the Trust Fund alleviates financial burdens, enabling participants to focus on recovery and health rather than financial stress. The Trust fundamentally enhances the quality of life for its beneficiaries, empowering them to maintain their health and stability in challenging times.




This information is meant to be a general summary of Hollow Metal 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.

Revenue
$8,795,085 (2022)
Expenses
$10,306,291 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $157,283
  • Program Service Revenue: $8,637,632
  • Gross Receipts: $29,031,285

Assets and Liabilities:

  • Total Assets: $36,167,248
  • Total Liabilities: $444,718
  • Net Assets: $35,722,530

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$8,593,287

COBRA CONTRIBUTIONS

Revenue

$44,345

Organization Details

Founding Year

1984

Principal Officer

Denise Ortiz

Main Address

395 HUDSON STREET 9TH FL, NEW YORK, NY, 10014

NTEE Category

Code: T90Z - Philanthropy

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