Superior Officers Council Retiree Health And Welfare Fund

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

EIN: 132962067 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Superior Officers Council Retiree Health And Welfare Fund?

The Superior Officers Council Retiree Health and Welfare Fund is a nonprofit organization based in New York, NY. It focuses on providing essential health and welfare benefits to retired superior officers of the City of New York Police Department and their beneficiaries. The organization offers prescription drug coverage, dental, optical, hospitalization, and catastrophic health benefits. Their mission is to ensure the well-being of retired senior officers by granting them access to comprehensive healthcare services.


Official website here: www.nypdsoc.org

Is Superior Officers Council Retiree Health And Welfare Fund legitimate?

Superior Officers Council Retiree Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Superior Officers Council Retiree Health And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $231,720

For more financial information, click here


Official website here: www.nypdsoc.org

What is the mission statement of Superior Officers Council Retiree Health And Welfare Fund?

The Superior Officers Council Retiree Health and Welfare Fund serves the important role of supplying health and welfare benefits to retired superior officers of the New York City Police Department. Their mission is centered around enhancing the well-being of these individuals, ensuring they have access to essential services after their retirement. Some of the benefits provided include coverage for prescription drugs, dental, optical, hospitalization, and catastrophic health care. The organization's commitment extends to the beneficiaries of retired officers, ensuring they, too, can access these necessary benefits. Overall, the Superior Officers Council Retiree Health and Welfare Fund is dedicated to maintaining the well-being and improving the quality of life for retired superior officers of the New York City Police Department.


Official website here: www.nypdsoc.org

What is the revenue of Superior Officers Council Retiree Health And Welfare Fund?

Superior Officers Council Retiree Health And Welfare Fund's revenue in 2023 was $12,294,995.


Official website here: www.nypdsoc.org

Who are the executives of Superior Officers Council Retiree Health And Welfare Fund and what are their salaries?

Here are 5 key members and their salaries:


Louis Turco (Co-Chairman)
  • Compensation: $0
  • Related: $109,776
  • Other: $0
Christopher Monahan (Co-Chairman)
  • Compensation: $0
  • Related: $97,508
  • Other: $0
John Beattie (Trustee)
  • Compensation: $0
  • Related: $73,176
  • Other: $0
Johnny Ramirez (Trustee)
  • Compensation: $0
  • Related: $48,754
  • Other: $0
Mary Ann Pellegriti (Fund Administrator)
  • Compensation: $0
  • Related: $114,524
  • Other: $8,589


Official website here: www.nypdsoc.org

Where can I find the form 990 for Superior Officers Council Retiree Health And Welfare Fund?

Superior Officers Council Retiree Health And Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.nypdsoc.org

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

Mission Statement of Superior Officers Council Retiree Health And Welfare Fund

The Superior Officers Council Retiree Health and Welfare Fund is a nonprofit organization dedicated to providing health and welfare benefits to retired superior officers of the New York City Police Department. Through its mission, the Fund strives to ensure that these retired officers and their beneficiaries have access to essential health services and welfare support.

The organization offers a range of benefits, including prescription drug coverage, dental, optical, hospitalization, and catastrophic health benefits. These comprehensive services aim to address the various healthcare needs of retired officers, providing them with peace of mind and security in their post-career years. By offering these benefits, the Superior Officers Council Retiree Health and Welfare Fund demonstrates its commitment to the well-being of those who have dedicated their careers to serving and protecting the community.

The Fund plays a vital role in supporting the health and livelihood of retired superior officers, enabling them to maintain their overall well-being and focus on their personal and family matters. The organization's provision of these benefits not only acknowledges the important contributions of these individuals during their service but also ensures their continued care in their retirement years.

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Impact




October, 2024

The Superior Officers Council Retiree Health and Welfare Fund significantly enhances the quality of life for retired superior officers of the New York City Police Department by providing essential health and welfare benefits. This support includes comprehensive prescription drug coverage, dental and optical services, and access to hospitalization and catastrophic health benefits. By ensuring that these retired officers and their beneficiaries have access to necessary healthcare services, the Fund promotes their overall well-being, alleviating financial burdens associated with medical expenses. This assistance is crucial in helping retirees navigate their post-service lives, offering them peace of mind and the ability to maintain their health in retirement.




This information is meant to be a general summary of Superior Officers Council Retiree Health And 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
$12,294,995 (2023)
Expenses
$11,622,381 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $599,523
  • Program Service Revenue: $11,692,912
  • Gross Receipts: $13,394,134

Assets and Liabilities:

  • Total Assets: $28,201,987
  • Total Liabilities: $1,861,573
  • Net Assets: $26,340,414

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$9,247,997

MEDICARE PART D SUBSID.

Revenue

$1,340,198

EMPLOYEE PREMIUM CONTRIBUTIONS

Revenue

$834,361

EMPLOYEE PREMIUMS - COBRA

Revenue

$270,356

Organization Details

Founding Year

1978

Principal Officer

Chris Monahan Co-Chair

NTEE Category

Code: Y40 - Mutual benefit

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