Overview
What is New York Oil Heating Insurance Fund?
The New York Oil Heating Insurance Fund is a nonprofit organization situated in Hauppague, New York. Its primary mission is to offer life insurance and disability income benefits to approximately 480 participants and their dependents. The organization focuses on providing health benefits to its members, ensuring their financial security during challenging times. The Fund operates within the state of New York and operates under the stipulations provided in the information array.
Is New York Oil Heating Insurance Fund legitimate?
New York Oil Heating Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. New York Oil Heating Insurance 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: $0
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What is the mission statement of New York Oil Heating Insurance Fund?
The New York Oil Heating Insurance Fund's mission is centered around providing health benefits. Specifically, it aims to extend these benefits to the participants and their dependents. The fund serves approximately 480 individuals by offering life insurance and disability income benefits. This mission is carried out with the goal of ensuring the well-being and financial security of those enrolled in the fund.
What is the revenue of New York Oil Heating Insurance Fund?
New York Oil Heating Insurance Fund's revenue in 2023 was $488,209.
Who are the executives of New York Oil Heating Insurance Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $165,160
- Other: $20,174
Where can I find the form 990 for New York Oil Heating Insurance Fund?
New York Oil Heating Insurance Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New York Oil Heating Insurance Fund
The New York Oil Heating Insurance Fund, as its name suggests, is dedicated to extending health benefits to its participants and their dependents. This nonprofit organization's primary mission is to provide essential health-related coverage, including life insurance and disability income benefits, to approximately 480 individuals who are associated with the oil heating industry in New York. By offering these benefits, the New York Oil Heating Insurance Fund aims to support and protect the well-being of its members and their families, ensuring they have access to crucial health services when needed.
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Impact
October, 2024
The New York Oil Heating Insurance Fund significantly impacts its participants and their dependents by providing essential health benefits, life insurance, and disability income support. Serving approximately 480 individuals, the Fund ensures financial security during challenging times, helping families navigate the complexities of health-related expenses and unexpected income loss. This support not only enhances the well-being of participants but also fosters a sense of community and mutual benefit among those in the oil heating industry. The Fund’s commitment to delivering reliable health benefits contributes to the overall stability and resilience of its members.
This information is meant to be a general summary of New York Oil Heating Insurance 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 2023.
- Investment Income: $160,280
- Program Service Revenue: $140,273
- Gross Receipts: $1,588,069
Assets and Liabilities:
- Total Assets: $6,357,255
- Total Liabilities: $787,008
- Net Assets: $5,570,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$140,273
Organization Details
Founding Year
1949
Principal Officer
Rocco Lacertosa
NTEE Category
Code: Y40 - Mutual benefit
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