Overview
What is Nysa-Ila Welfare Fund?
Nysa-Ila Welfare Fund is a multi-employer welfare benefit plan established through the collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. The primary mission of this nonprofit organization is to offer surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits to its members. With a workforce of 642 employees, the fund has successfully accomplished its goal of providing essential health-related services to those in need.
Is Nysa-Ila Welfare Fund legitimate?
Nysa-Ila Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nysa-Ila 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: $981,846
For more financial information, click here
What is the mission statement of Nysa-Ila Welfare Fund?
The Nysa-Ila Welfare Fund functions as a multi-employer welfare benefit plan, established as per the collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. Its primary mission is to provide various employee benefits, including surgical, medical, hospital care, death and dismemberment, and non-occupational disability coverage. The Fund successfully accomplishes its objective by offering these essential benefits to the eligible workforce, ensuring their wellbeing and peace of mind.
Who is the CEO of Nysa-Ila Welfare Fund?
Dominick Gaudioso is the Treasurer of Nysa-Ila Welfare Fund.
What is the revenue of Nysa-Ila Welfare Fund?
Nysa-Ila Welfare Fund's revenue in 2022 was $20,224,051.
Who are the executives of Nysa-Ila Welfare Fund and what are their salaries?
The average compensation at Nysa-Ila Welfare Fund during 2022 was $1,529. There are 642 employees at Nysa-Ila Welfare Fund.
Here are 25 key members and their salaries:
- Compensation: $260,403
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- Other: $52,573
- Compensation: $213,221
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- Other: $40,762
- Compensation: $179,038
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- Other: $41,633
- Compensation: $167,476
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- Other: $36,187
- Compensation: $103,314
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- Other: $34,831
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Where can I find the form 990 for Nysa-Ila Welfare Fund?
Nysa-Ila Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nysa-Ila Welfare Fund
Nysa-Ila Welfare Fund is a multiemployer welfare employee benefit plan, established in accordance with the collective bargaining agreement between the New York Shipping Association and the International Longshoremen's Association. This organization plays a vital role in offering essential benefits to its members.
The Nysa-Ila Welfare Fund's primary mission is to ensure the provision of surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits to its members. By fulfilling this mission, the Fund has demonstrated its commitment to its members' wellbeing and financial security. Through the collective bargaining agreement, the Fund has been able to establish a comprehensive benefits package that addresses various health and financial needs.
The Nysa-Ila Welfare Fund has accomplished its mission by offering a range of benefits that cater to the diverse needs of its members. By providing surgical and medical coverage, the Fund ensures that its members have access to necessary medical procedures and treatments. The inclusion of hospital care benefits guarantees that members have financial support during their hospital stays, allowing them to focus on their recovery. Furthermore, death and dismemberment benefits offer peace of mind to members and their families, providing financial assistance during difficult times. Lastly, non-occupational disability benefits protect members from the financial burden of being unable to work due to non-work-related injuries or illnesses.
In summary, the Nysa-Ila Welfare Fund is a multiemployer welfare employee benefit plan that has accomplished its mission by offering a comprehensive benefits package to its members. By providing surgical, medical, hospital care, death and dismemberment, and non-occupational disability benefits, the Fund has demonstrated its commitment to the financial and health security of its members.
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Impact
October, 2024
Nysa-Ila Welfare Fund plays a crucial role in providing essential employee benefits to members of the International Longshoremen's Association and their families. By fulfilling its mission through a comprehensive range of services, the Fund ensures access to surgical, medical, and hospital care, as well as death and dismemberment benefits, and non-occupational disability support. This multi-employer welfare plan significantly enhances the quality of life for longshore workers by offering security and financial assistance during health-related challenges and life changes.
Operating in Jersey City, NJ, the Fund acts as a vital safety net for those working in the shipping industry. By addressing the healthcare needs of its members, it alleviates some of the burdens associated with medical costs, ultimately fostering a more stable and secure workforce. The collaborative nature of the Fund, established through collective bargaining agreements, underscores the mutual benefit and solidarity among employers and employees, promoting a healthier and more supported community.
This information is meant to be a general summary of Nysa-Ila 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $117,682
- Program Service Revenue: $19,963,109
- Gross Receipts: $20,224,051
Assets and Liabilities:
- Total Assets: $10,816,202
- Total Liabilities: $3,170,421
- Net Assets: $7,645,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$19,963,109
Organization Details
Founding Year
1957
Phone
(201) 479-3605Principal Officer
Dominick Gaudioso
Main Address
10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302
NTEE Category
Code: Y40 - Mutual benefit
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