Sergeants Benevolent Association Health & Welfare Fund

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

EIN: 133704948 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Sergeants Benevolent Association Health & Welfare Fund?

The Sergeants Benevolent Association Health & Welfare Fund is a nonprofit organization situated in New York, specifically at 35 Worth Street, New York, NY 10007. With a team of 11 dedicated individuals, their primary mission is to offer supplemental health benefits to their covered members and their dependents. This fund focuses on extending essential healthcare services beyond the scope of regular insurance plans, ensuring that the individuals they serve have comprehensive healthcare support.


Official website here: www.sbanyc.org

What are the reviews and ratings of this charity?

The Sergeants Benevolent Association Health & Welfare Fund is currently not rated by Charity Navigator. This absence of a rating is due to the organization's classification as something other than a 501(c)(3) nonprofit, which precludes it from the standard evaluation methodologies of Accountability & Finance or Impact & Measurement. This should not be construed as indicative of positive or negative performance, merely a result of its different organizational status and structure.

Traditionally, Charity Navigator ratings have focused on aspects like financial health and accountability, but without the requisite data from IRS filings specific to 501(c)(3) organizations, these evaluations are not possible for this fund. Consequently, information such as revenue, expenses, and key person salaries are not available. Nonetheless, the organization's independence as indicated by its affiliation status provides some insight into its operational standing.

No user reviews are available on GreatNonprofits, thus there is no additional feedback to contextualize public sentiment or provide insight into user satisfaction or experiences with the nonprofit. Overall, while the organization is structurally independent, the lack of a standardized rating or public reviews limits external assessments of its effectiveness or impact.


This AI summary has been generated from information found on Charity Navigator.

Is Sergeants Benevolent Association Health & Welfare Fund legitimate?

Sergeants Benevolent Association Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sergeants Benevolent Association Health & 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: $657,504

For more financial information, click here


Official website here: www.sbanyc.org

What is the mission statement of Sergeants Benevolent Association Health & Welfare Fund?

The Sergeants Benevolent Association Health & Welfare Fund is dedicated to providing supplemental health benefits to its covered members and their dependents. This mission is carried out with the primary goal of enhancing the existing healthcare coverage for these individuals. The fund's purpose is to ensure that the healthcare needs of its members are met as comprehensively as possible. The organization offers a range of benefits, tailored to improve the overall health and wellbeing of the beneficiaries. By supplementing existing health plans, the fund aims to fill any gaps and provide peace of mind for its members. The organization's commitment to the health and well-being of its members is unwavering, making it an essential resource within the community it serves.


Official website here: www.sbanyc.org

Who is the CEO of Sergeants Benevolent Association Health & Welfare Fund?

Vincent Vallelong is the Trustee of Sergeants Benevolent Association Health & Welfare Fund.


Official website here: www.sbanyc.org

What is the revenue of Sergeants Benevolent Association Health & Welfare Fund?

Sergeants Benevolent Association Health & Welfare Fund's revenue in 2022 was $28,427,131.


Official website here: www.sbanyc.org

Who are the executives of Sergeants Benevolent Association Health & Welfare Fund and what are their salaries?

The average compensation at Sergeants Benevolent Association Health & Welfare Fund during 2022 was $59,773. There are 11 employees at Sergeants Benevolent Association Health & Welfare Fund.


Here are 12 key members and their salaries:


Vincent Vallelong (Trustee)
  • Compensation: $0
  • Related: $97,901
  • Other: $0
Edmund Small (Trustee)
  • Compensation: $0
  • Related: $60,197
  • Other: $0
Michael Peruggia (Trustee)
  • Compensation: $0
  • Related: $33,736
  • Other: $0
Edward Geary (Trustee)
  • Compensation: $0
  • Related: $22,064
  • Other: $0
Anthony Borelli (Trustee)
  • Compensation: $0
  • Related: $38,133
  • Other: $0
Donald Kipp (Trustee)
  • Compensation: $0
  • Related: $20,961
  • Other: $0
Joseph Ricotta (Trustee)
  • Compensation: $0
  • Related: $11,032
  • Other: $0
Errol Ogman (Benefit Fund Manager)
  • Compensation: $114,000
  • Related: $28,500
  • Other: $8,550
Dennis Ostermann (Controller)
  • Compensation: $32,964
  • Related: $186,796
  • Other: $13,186
Edward D Mullins (Trustee Former)
  • Compensation: $0
  • Related: $29,586
  • Other: $0
Vincent Guida (Trustee Former)
  • Compensation: $0
  • Related: $17,172
  • Other: $0
Paul Capotosto (Trustee Former)
  • Compensation: $0
  • Related: $27,101
  • Other: $0


Official website here: www.sbanyc.org

Where can I find the form 990 for Sergeants Benevolent Association Health & Welfare Fund?

Sergeants Benevolent Association Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sbanyc.org

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

Mission Statement of Sergeants Benevolent Association Health & Welfare Fund

The Sergeants Benevolent Association Health & Welfare Fund is a nonprofit organization dedicated to extending health benefits to its covered members and their dependents. In simpler terms, this charitable entity is committed to bridging the gap in healthcare coverage for those it serves. By offering supplemental health benefits, the Fund ensures that its members have access to essential medical services beyond what their primary insurance may provide. In doing so, it brings peace of mind to countless individuals and families, allowing them to focus on their health and wellbeing. The organization's unwavering mission is to support its community by providing crucial resources for improved health outcomes.

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Impact




October, 2024

The Sergeants Benevolent Association Health & Welfare Fund significantly enhances the well-being of covered members and their dependents by providing supplemental health benefits. This support ensures that members have access to essential healthcare services that may not be fully covered by standard insurance plans. By bridging gaps in health coverage, the Fund fosters overall health security for members of the sergeant community and their families in New York. This proactive approach not only addresses immediate health needs but also promotes long-term wellness, thereby strengthening the community as a whole.




This information is meant to be a general summary of Sergeants Benevolent Association Health & 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
$28,427,131 (2022)
Expenses
$20,582,910 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $361,637
  • Program Service Revenue: $27,725,390
  • Gross Receipts: $28,427,131

Assets and Liabilities:

  • Total Assets: $57,930,216
  • Total Liabilities: $11,201,067
  • Net Assets: $46,729,149

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$21,201,979

PRESCRIPTION REBATES

Revenue

$3,264,818

MEDICARE REIMBURSEMENTS

Revenue

$2,587,481

COBRA CONTRIBUTIONS

Revenue

$671,112

Organization Details

Founding Year

1993

Principal Officer

Vincent Vallelong

Main Address

35 WORTH STREET, NEW YORK, NY, 10007

NTEE Category

Code: Y40 - Mutual benefit

If you are a representative of Sergeants Benevolent Association Health & Welfare Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.