Nyc Local 246 Retiree Welfare Fund

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

EIN: 132864287 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Nyc Local 246 Retiree Welfare Fund?

The Nyc Local 246 Retiree Welfare Fund is a compassionate non-profit organization situated in New York, NY. Its primary mission is to extend supplemental health benefits to retired individuals, who may not have adequate coverage from their employers. Some of the services offered include health benefits, dental care, and prescription drug coverage. This fund aims to enhance the well-being of its beneficiaries by filling in the gaps in their healthcare coverage.


Official website here: www.nyclocal246.org

Is Nyc Local 246 Retiree Welfare Fund legitimate?

Nyc Local 246 Retiree Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nyc Local 246 Retiree Welfare 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: $1,736
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nyclocal246.org

What is the mission statement of Nyc Local 246 Retiree Welfare Fund?

The mission of Nyc Local 246 Retiree Welfare Fund, as an organization, is centered around providing supplemental health benefits that are not covered by an individual's employer. This non-profit entity aims to enhance the health care services for its beneficiaries, offering programs such as health benefits, dental care, and prescription drug coverage. By filling these gaps in healthcare coverage, the fund contributes to improving the overall well-being of its retiree members.


Official website here: www.nyclocal246.org

Who is the CEO of Nyc Local 246 Retiree Welfare Fund?

Joseph Colangelo is the Trustee of Nyc Local 246 Retiree Welfare Fund.


Official website here: www.nyclocal246.org

What is the revenue of Nyc Local 246 Retiree Welfare Fund?

Nyc Local 246 Retiree Welfare Fund's revenue in 2022 was $2,314,279.


Official website here: www.nyclocal246.org

Who are the executives of Nyc Local 246 Retiree Welfare Fund and what are their salaries?


Here are 7 key members and their salaries:


Anthony Reyes (Trustee)
  • Compensation: $1,736
  • Related: $0
  • Other: $0
Dominic Bavaro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Graziano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Vetter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Tucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Bardes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Colangelo (Trustee/Admin)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nyclocal246.org

Where can I find the form 990 for Nyc Local 246 Retiree Welfare Fund?

Nyc Local 246 Retiree Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nyclocal246.org

Learn more at the official website: www.nyclocal246.org

Mission Statement of Nyc Local 246 Retiree Welfare Fund

The Nyc Local 246 Retiree Welfare Fund is a dedicated non-profit organization that aims to extend supplemental health benefits beyond those offered by an individual's employer. This mission is crucial in ensuring that retirees have access to comprehensive health care services, including health, dental, and prescription drug coverage. By providing these supplemental benefits, the fund plays a significant role in enhancing the overall well-being of its beneficiaries, ensuring they maintain optimum health and quality of life during their retirement years.

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Impact




October, 2024

The NYC Local 246 Retiree Welfare Fund plays a crucial role in enhancing the quality of life for retirees by offering supplemental health benefits that are often not covered by their employers. This organization provides essential programs such as health benefits, dental benefits, and prescription drug coverage, ensuring that retirees have access to the necessary medical care and support they require in their later years.

By bridging the gap in health care coverage, the fund significantly alleviates the financial burden of medical expenses, allowing retirees to maintain better overall health and well-being. This support not only helps individual retirees but also contributes to a healthier community, as it promotes access to necessary health services that might otherwise be out of reach.

Ultimately, the NYC Local 246 Retiree Welfare Fund fosters a sense of security and support among retirees, making a meaningful impact on their lives during a critical phase of their health journey.




This information is meant to be a general summary of Nyc Local 246 Retiree Welfare 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
$2,314,279 (2022)
Expenses
$2,906,889 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$310,811
  • Program Service Revenue: $2,027,252
  • Gross Receipts: $29,246,783

Assets and Liabilities:

  • Total Assets: $6,261,910
  • Total Liabilities: $311,233
  • Net Assets: $5,950,677

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$17,950

EMPLOYER CONTRIBUTIONS

Revenue

$2,009,302

Organization Details

Founding Year

1995

Principal Officer

Joseph Colangelo

Main Address

217 BROADWAY 501, NEW YORK, NY, 10007

NTEE Category

Code: Y40 - Mutual benefit

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