Iron Workers Local 40 361 & 417 Health

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

EIN: 135622663 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Iron Workers Local 40 361 & 417 Health?

Iron Workers Local 40 361 & 417 Health is a nonprofit organization based in New York City, specifically at 451 Park Ave South in the ZIP code 10016. Their mission encompasses providing health, vacation, and various other benefits for their members. In detail, they offer extensive healthcare coverage that includes hospitalization, comprehensive medical care, prescriptions, dental, optical, supplementary Medicare, and vacation benefits. The organization aims to enhance the wellbeing of its workforce, ensuring they have access to essential health services and opportunities for relaxation. With a team of approximately 20 employees, Iron Workers Local 40 361 & 417 Health focuses on the overall well-being of its members, prioritizing their health and providing them with valuable benefits.


Official website here: www.ironworkers.net

Is Iron Workers Local 40 361 & 417 Health legitimate?

Iron Workers Local 40 361 & 417 Health is a legitimate nonprofit organization registered as a 501(c)(9) entity. Iron Workers Local 40 361 & 417 Health 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: $1,268,897

For more financial information, click here


Official website here: www.ironworkers.net

What is the mission statement of Iron Workers Local 40 361 & 417 Health?

Iron Workers Local 40 361 & 417 Health aims to extend essential benefits to its members. These benefits encompass various aspects of health and wellbeing. The organization offers hospitalization coverage, ensuring members have access to necessary medical care when required. Comprehensive medical benefits are also included, enabling members to manage their overall health effectively. Prescription coverage is available, ensuring affordable access to vital medications. Dental and optical care are integral parts of the benefits package, promoting good oral and visual health. Members can also opt for Supplementary Medicare and vacation benefits, enhancing their overall wellbeing and work-life balance.


Official website here: www.ironworkers.net

Who is the CEO of Iron Workers Local 40 361 & 417 Health?

Brian Sabbagh is the Employers Trustee of Iron Workers Local 40 361 & 417 Health.


Official website here: www.ironworkers.net

What is the revenue of Iron Workers Local 40 361 & 417 Health?

Iron Workers Local 40 361 & 417 Health's revenue in 2022 was $119,986,476.


Official website here: www.ironworkers.net

Who are the executives of Iron Workers Local 40 361 & 417 Health and what are their salaries?

The average compensation at Iron Workers Local 40 361 & 417 Health during 2022 was $63,445. There are 20 employees at Iron Workers Local 40 361 & 417 Health.


Here are 26 key members and their salaries:


Jake Bidosky (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Isaacson (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Samela (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lucas (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Alan Seidman (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Teutul (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Flynn (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Weiss (Employers Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Doyle (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christoper Walsh (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Walsh (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gaydos (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cush (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Chartrand (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Deblasie (Union Trustee)
  • Compensation: $0
  • Related: $106,907
  • Other: $128,668
Keith Eisgruber (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew P Stoddard (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Sabbagh (Fund Manager)
  • Compensation: $227,489
  • Related: $0
  • Other: $128,658
Elsie O'Neil (Employee)
  • Compensation: $182,627
  • Related: $0
  • Other: $128,658
Ian Chan (Employee)
  • Compensation: $187,667
  • Related: $0
  • Other: $128,658
John J Delaney (Employee)
  • Compensation: $197,212
  • Related: $0
  • Other: $128,658
Jim Dufficy (Employee)
  • Compensation: $182,928
  • Related: $0
  • Other: $128,658
Lucia Bauknight (Employee)
  • Compensation: $167,401
  • Related: $0
  • Other: $128,658
Doreen Stennett (Employee)
  • Compensation: $131,248
  • Related: $0
  • Other: $128,658
Garrent Leung (Employee)
  • Compensation: $110,565
  • Related: $0
  • Other: $128,658
Kevin Cush (Employee)
  • Compensation: $110,002
  • Related: $0
  • Other: $128,658


Official website here: www.ironworkers.net

Where can I find the form 990 for Iron Workers Local 40 361 & 417 Health?

Iron Workers Local 40 361 & 417 Health's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ironworkers.net

Learn more at the official website: www.ironworkers.net

Mission Statement of Iron Workers Local 40 361 & 417 Health

Iron Workers Local 40 361 & 417 Health is a mission-driven organization dedicated to providing essential health, vacation, and other benefits to its members. Through its comprehensive offerings, the organization ensures the well-being of iron workers and their families.

The core services of Iron Workers Local 40 361 & 417 Health include hospitalization, medical, prescription, dental, optical, supplementary Medicare, and vacation benefits. These benefits work together to support the overall health and financial security of the members. The medical coverage offers access to necessary healthcare services, while prescription benefits ensure affordable medications. Dental and optical care promote good oral and vision health. Supplementary Medicare assistance helps bridge the gaps in healthcare coverage. Lastly, vacation benefits offer much-needed rest and relaxation for members and their families.

In summary, Iron Workers Local 40 361 & 417 Health plays a significant role in the lives of its members by providing a range of benefits that prioritize their health and well-being. By offering hospitalization, comprehensive medical, prescription, dental, optical, supplementary Medicare, and vacation benefits, the organization ensures its members have access to the resources they need to live healthy and fulfilling lives.

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Impact




October, 2024

Iron Workers Local 40 361 & 417 Health significantly enhances the quality of life for its members by providing critical health benefits. It offers comprehensive medical coverage, which ensures that workers have access to necessary hospitalization and treatment. The health program includes prescription drug benefits, facilitating access to medications that support ongoing health and recovery.

In addition to medical coverage, members benefit from dental and optical services, which are essential for maintaining overall health and well-being. These benefits help mitigate the financial burden of healthcare costs, allowing members to focus on their work and family without the added stress of medical expenses.

Supplementary Medicare benefits are also a crucial aspect of the program, offering additional support for aging members and ensuring they receive comprehensive care as they transition to retirement. Furthermore, vacation benefits promote work-life balance, contributing to mental health and job satisfaction.

Overall, Iron Workers Local 40 361 & 417 Health plays a vital role in ensuring that workers have the necessary resources to lead healthy lives, fostering a supportive community while enhancing the mutual well-being of its members.




This information is meant to be a general summary of Iron Workers Local 40 361 & 417 Health. 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
$119,986,476 (2022)
Expenses
$119,286,258 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,333,219
  • Program Service Revenue: $117,613,900
  • Gross Receipts: $254,659,105

Assets and Liabilities:

  • Total Assets: $207,404,664
  • Total Liabilities: $34,516,577
  • Net Assets: $172,888,087

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$117,290,571

EMPLOYEE CONTRIBUTIONS

Revenue

$323,329

Organization Details

Founding Year

1948

Principal Officer

Brian Sabbagh

Main Address

451 PARK AVE SOUTH, NEW YORK, NY, 10016

NTEE Category

Code: Y40 - Mutual benefit

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