Overview
What is Local 553 Benefits Fund?
Local 553 Benefits Fund is a nonprofit organization that offers optical and scholarship benefits to eligible participants and their dependents. With around 620 participants benefitting from these services, the fund provides optical benefits to approximately 678 individuals and 42 additional participants solely receive scholarship benefits. The organization's mission is to support its members and their families by offering these crucial benefits, enhancing their overall well-being and opportunities.
Is Local 553 Benefits Fund legitimate?
Local 553 Benefits Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 553 Benefits Fund submitted a form 990EZ, 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.
What is the mission statement of Local 553 Benefits Fund?
The Local 553 Benefits Fund's primary role is to offer optical benefits and scholarship opportunities to eligible participants and their dependents. Specifically, this fund provides these benefits to approximately 620 participants in total, with around 678 participants benefiting from optical benefits alone. The fund's mission is centered around providing these essential services, enhancing the visual health and educational prospects for its participants.
Who is the CEO of Local 553 Benefits Fund?
Jeffrey Hammond is the Trustee of Local 553 Benefits Fund.
What is the revenue of Local 553 Benefits Fund?
Local 553 Benefits Fund's revenue in 2022 was $42,031.
Who are the executives of Local 553 Benefits Fund and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Local 553 Benefits Fund?
Local 553 Benefits Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Local 553 Benefits Fund
Local 553 Benefits Fund is an organization that extends optical benefits and scholarship opportunities to its eligible participants and their dependents. The fund, serving approximately 620 individuals, offers a wide range of benefits, with optical coverage being a significant aspect. It provides optical benefits to approximately 678 participants, ensuring they have access to necessary eye care services. Furthermore, Local 553 Benefits Fund extends scholarship benefits to its participants, providing educational assistance to help them pursue their academic goals. With these benefits, the fund aims to support its participants and their dependents, contributing positively to their lives.
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Impact
October, 2024
Local 553 Benefits Fund significantly enhances the quality of life for its participants and their families by offering vital optical and scholarship benefits. The plan supports approximately 678 individuals by providing optical assistance, ensuring they have access to necessary vision care. Additionally, the scholarship benefits extend educational opportunities to around 620 participants and their dependents, fostering academic growth and development. By addressing essential health and educational needs, Local 553 Benefits Fund plays a critical role in empowering its members and promoting well-being within the community in New York.
This information is meant to be a general summary of Local 553 Benefits 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.
- Program Service Revenue: $42,031
- Gross Receipts: $42,031
Assets and Liabilities:
- Total Assets: $77,471
- Total Liabilities: $14,520
- Net Assets: $62,951
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Organization Details
Phone
(212) 627-5553Principal Officer
Jeffrey Hammond
Main Address
265 WEST 14TH STREET 315, NEW YORK, NY, 10011
NTEE Category
Code: Y40 - Mutual benefit
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