Metro-Ila Fringe Benefit Fund

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

EIN: 133050863 ✦ Rutherford, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Metro-Ila Fringe Benefit Fund?

The Metro-Ila Fringe Benefit Fund is a nonprofit organization based in Rutherford, New Jersey, with an address at 301 Route 17N, ZIP code 07070. Its primary mission is to provide a range of fringe benefits for eligible participants and their dependents. These benefits include health services such as life, accidental death and dismemberment, disability, major medical, hospitalization and surgical, clinic, pharmacy, optical, and dental coverage. In addition, the organization offers an employee assistance program, vacation benefits, paid holidays, jury duty, and bereavement benefits. The fund is established exclusively for the benefit of eligible participants and their dependants, providing them with essential welfare benefits. The total number of employees for the organization is eight.


Official website here: www.metro-ila.com

Is Metro-Ila Fringe Benefit Fund legitimate?

Metro-Ila Fringe Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Metro-Ila Fringe Benefit 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: $32,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,996

For more financial information, click here


Official website here: www.metro-ila.com

What is the mission statement of Metro-Ila Fringe Benefit Fund?

The Metro-Ila Fringe Benefit Fund is dedicated to providing fringe benefits for eligible participants and their dependents. The primary mission of the fund is to offer a range of benefits, including health coverage such as life, accidental death and dismemberment, disability, major medical, hospitalization, surgical, clinic, pharmacy, optical, and dental services. Additional perks include an employee assistance program, vacation benefits, paid holiday benefits, jury duty benefits, and bereavement leave. Furthermore, the plan provides supplemental catastrophic illness protection to enhance major medical insurance. In summary, the Metro-Ila Fringe Benefit Fund aims to improve the well-being and quality of life for its eligible members by offering a comprehensive benefits package.


Official website here: www.metro-ila.com

Who is the CEO of Metro-Ila Fringe Benefit Fund?

Joseph A Ragusa is the Trustee of Metro-Ila Fringe Benefit Fund.


Official website here: www.metro-ila.com

What is the revenue of Metro-Ila Fringe Benefit Fund?

Metro-Ila Fringe Benefit Fund's revenue in 2022 was $51,847,270.


Official website here: www.metro-ila.com

Who are the executives of Metro-Ila Fringe Benefit Fund and what are their salaries?

The average compensation at Metro-Ila Fringe Benefit Fund during 2022 was $42,050. There are 8 employees at Metro-Ila Fringe Benefit Fund.


Here are 6 key members and their salaries:


Joseph A Ragusa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Demeo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Vigneron (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Agosta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Kiely (Alternate Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Brancato (Benefit Director)
  • Compensation: $236,574
  • Related: $0
  • Other: $87,499


Official website here: www.metro-ila.com

Where can I find the form 990 for Metro-Ila Fringe Benefit Fund?

Metro-Ila Fringe Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.metro-ila.com

Learn more at the official website: www.metro-ila.com

Mission Statement of Metro-Ila Fringe Benefit Fund

Metro-Ila Fringe Benefit Fund is a non-profit organization with a mission to extend fringe and welfare benefits to eligible participants and their dependents. Established exclusively for their benefit, the fund aims to provide a range of advantages, ensuring comprehensive coverage for the individuals it serves.

The Metro-Ila Fringe Benefit Fund offers a diverse set of benefits designed to cater to various aspects of the eligible participants' lives. These benefits encompass health services such as life, accidental death and dismemberment, disability, major medical insurance, hospitalization and surgical coverage, clinic visits, pharmacy services, optometry, and dentistry. In addition to these essential health services, the fund provides an Employee Assistance Program for added support. Furthermore, it offers vacation benefits, paid holiday benefits, jury duty benefits, and bereavement days to enhance the overall well-being of the participants.

To further fortify the health coverage, the Metro-Ila Fringe Benefit Fund incorporates Supplemental Catastrophic Illness Protection. This additional layer of protection supplements the major medical insurance, ensuring that participants are shielded from the financial burdens of catastrophic illnesses. With this extensive range of benefits, the Metro-Ila Fringe Benefit Fund plays a significant role in enhancing the overall quality of life for the eligible participants and their dependents.

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Impact




October, 2024

The Metro-Ila Fringe Benefit Fund significantly enhances the well-being of eligible participants and their dependents by offering a comprehensive array of health and welfare benefits. These benefits include vital health services such as life insurance, accidental death and dismemberment coverage, disability insurance, major medical and hospitalization coverage, as well as dental, optical, and pharmacy services.

Additionally, the Fund addresses various needs through its Employee Assistance Program and ensures that participants enjoy vacation and paid holiday benefits. It also supports participants during challenging times with provisions for jury duty and bereavement. The supplemental catastrophic illness protection further alleviates financial burdens by complementing major medical insurance.

By providing such extensive benefits, the Metro-Ila Fringe Benefit Fund plays a crucial role in promoting financial security, health, and peace of mind for individuals and families within its community, ultimately fostering a supportive environment that prioritizes well-being.




This information is meant to be a general summary of Metro-Ila Fringe Benefit 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
$51,847,270 (2022)
Expenses
$46,845,626 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $543,728
  • Program Service Revenue: $51,292,298
  • Gross Receipts: $95,521,833

Assets and Liabilities:

  • Total Assets: $69,477,700
  • Total Liabilities: $173,452
  • Net Assets: $69,304,248

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Programs

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

CONTRIBUTIONS - EMPLOYERS

Revenue

$51,292,298

Organization Details

Founding Year

1981

Principal Officer

Joseph A Ragusa

Main Address

301 ROUTE 17N, RUTHERFORD, NJ, 07070

NTEE Category

Code: Y40 - Mutual benefit

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