Overview
What is Management-Ila Managed Health Care Trust Fund?
Management-Ila Managed Health Care Trust Fund is a Voluntary Employee Benefit Association (VEBA) based in New York City. With a workforce of five individuals, this nonprofit organization plays a crucial role in administering health and welfare benefits for approximately 23,521 active participants, 13,010 retired or separated participants, and their dependants – adding up to over 83,000 beneficiaries in total. The mission of Management-Ila Managed Health Care Trust Fund is to manage the Taft Hartley Fund, ensuring that it provides essential health benefits to its vast community.
Official website here: www.milamhctf.com
Is Management-Ila Managed Health Care Trust Fund legitimate?
Management-Ila Managed Health Care Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Management-Ila Managed Health Care 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: $594,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,440
For more financial information, click here
Official website here: www.milamhctf.com
What is the mission statement of Management-Ila Managed Health Care Trust Fund?
The Management-Ila Managed Health Care Trust Fund operates as a Voluntary Employee Benefit Association (VEBA), overseeing the administration of health and welfare benefits for over 83,000 participants. This Taft Hartley Fund is dedicated to providing benefits to a substantial number of active and retired employees, along with their dependents. The mission of this VEBA is to manage and distribute health and welfare benefits effectively and efficiently for its sizable member base.
Official website here: www.milamhctf.com
Who is the CEO of Management-Ila Managed Health Care Trust Fund?
Laverne Thompson is the Executive Director of Management-Ila Managed Health Care Trust Fund.
Official website here: www.milamhctf.com
What is the revenue of Management-Ila Managed Health Care Trust Fund?
Management-Ila Managed Health Care Trust Fund's revenue in 2022 was $825,973,680.
Official website here: www.milamhctf.com
Who are the executives of Management-Ila Managed Health Care Trust Fund and what are their salaries?
The average compensation at Management-Ila Managed Health Care Trust Fund during 2022 was $153,965. There are 5 employees at Management-Ila Managed Health Care Trust Fund.
Here are 20 key members and their salaries:
- Compensation: $281,200
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- Other: $33,744
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Official website here: www.milamhctf.com
Where can I find the form 990 for Management-Ila Managed Health Care Trust Fund?
Management-Ila Managed Health Care Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.milamhctf.com
Learn more at the official website: www.milamhctf.com
Mission Statement of Management-Ila Managed Health Care Trust Fund
Management-Ila Managed Health Care Trust Fund serves as a Voluntary Employee Benefit Association (VEBA), overseeing the administration of health and welfare benefits for over 83,000 participants under a Taft Hartley Fund. In simple terms, this nonprofit organization plays a vital role in managing the health and welfare benefits for more than 83,000 individuals, including active, retired, and separated participants, along with their dependents. The mission of Management-Ila Managed Health Care Trust Fund is centered around providing essential benefits to a substantial number of individuals.
The Trust Fund's primary objective is to ensure the delivery of health and welfare benefits to the beneficiaries effectively and efficiently. By acting as a VEBA, this organization assumes responsibility for administering the benefits under the Taft Hartley trust and ensures that the benefits are accessible to those who need them. The Trust Fund's activities extend to a diverse range of benefits, catering to the healthcare requirements and well-being of the participants.
In essence, Management-Ila Managed Health Care Trust Fund functions as a dedicated intermediary, overseeing the delivery of crucial health and welfare benefits to over 83,000 individuals. By managing these benefits, the organization enables its participants to focus on their wellbeing without the burden of administrative complexities. This nonprofit's unwavering commitment to its mission makes a significant difference in the lives of the individuals it serves, ensuring that they have access to vital healthcare and welfare benefits.
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Impact
October, 2024
The Management-Ila Managed Health Care Trust Fund plays a significant role in providing essential health and welfare benefits. As a Voluntary Employee Benefit Association (VEBA), it administers these benefits to a vast network of over 83,000 participants, including 23,521 active employees and 13,010 retired or separated individuals, along with their dependents.
By facilitating access to health care resources, the Trust Fund addresses the diverse health needs of its members, ensuring that they receive the support necessary for their well-being. This inclusive health care provision fosters a sense of security among participants, empowering them to manage their health proactively. Furthermore, by operating as a Taft-Hartley Fund, it not only enhances the quality of life for workers but also helps stabilize workforce dynamics by making it easier for employers to attract and retain talent through comprehensive benefits.
The impact of the Management-Ila Managed Health Care Trust Fund extends beyond individual health; it strengthens community health initiatives and contributes to a healthier workforce, ultimately benefiting society at large.
This information is meant to be a general summary of Management-Ila Managed Health Care 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,841,415
- Program Service Revenue: $735,503,960
- Gross Receipts: $1,231,714,290
Assets and Liabilities:
- Total Assets: $1,415,627,358
- Total Liabilities: $92,185,922
- Net Assets: $1,323,441,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASESMNT
Revenue
$735,503,960
Organization Details
Founding Year
1997
Phone
(212) 766-5700Principal Officer
Laverne Thompson
Main Address
55 BROADWAY - 27TH FLOOR, NEW YORK, NY, 10006
Website
www.milamhctf.comNTEE Category
Code: Y40 - Mutual benefit
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