Health And Welfare Fund Of The Pba Of The City Of New York

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

EIN: 136157604 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Health And Welfare Fund Of The Pba Of The City Of New York?

The Health and Welfare Fund of the Police Benevolent Association of the City of New York is a nonprofit organization, headquartered at 125 Broad Street, 11th Floor, New York, NY 10004. With a team of 51 employees, the fund provides health and welfare benefits to active police officers, their spouses, and eligible dependents, as stated in their primary exempt purpose. As of June 30, 2022, they serve 23,112 eligible participants, offering various benefits such as prescription drug coverage, dental, optical care, supplemental benefits, catastrophic benefits, office visit copayment benefits, and life insurance coverage.


Official website here: www.nycpba.org

What are the reviews and ratings of this charity?

The Health And Welfare Fund Of The PBA Of The City Of New York currently does not have a rating from Charity Navigator. This lack of rating is due to the organization not being a 501(c)(3) IRS registered nonprofit, and therefore not meeting the criteria under Charity Navigator's current evaluation system. This absence of evaluation doesn't indicate either positive or negative performance, simply that the organization's specific classification falls outside of the typical rating parameters.

Historically, Charity Navigator ratings have largely been based on Accountability and Finance, an area not applicable here due to the organization's non-501(c)(3) status. Additionally, Charity Navigator has expanded its rating criteria to include factors like Leadership & Adaptability, Culture & Community, and Impact & Measurement, but these too are not applicable for this organization for the same registration reasons.

No user reviews for the Health And Welfare Fund Of The PBA Of The City Of New York are available on GreatNonprofits, which means feedback from individuals about their personal experiences or opinions on the nonprofit is not accessible. As such, potential supporters and stakeholders should seek additional information from other credible sources to make informed decisions.


This AI summary has been generated from information found on Charity Navigator.

Is Health And Welfare Fund Of The Pba Of The City Of New York legitimate?

Health And Welfare Fund Of The Pba Of The City Of New York is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health And Welfare Fund Of The Pba Of The City Of New York 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: $146,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,172,370

For more financial information, click here


Official website here: www.nycpba.org

What is the mission statement of Health And Welfare Fund Of The Pba Of The City Of New York?

The Health and Welfare Fund of the Police Benevolent Association in New York focuses on providing essential health and welfare benefits to active police officers, their spouses, and eligible dependents. The organization's primary objective is to ensure the wellbeing of these individuals, offering a comprehensive benefit plan.

Some of the benefits provided by the Fund include prescription drug coverage, dental and optical care, supplemental benefits, and catastrophic coverage. Additionally, there are office visit co-payment benefits and life insurance coverage available.

At present, the Health and Welfare Fund caters to over 23,000 eligible participants, ensuring they have access to vital health and welfare services. The Fund's mission is to maintain the wellbeing and overall health of active police officers, thus enabling them to continue serving their communities effectively.

Through its benefits, the Health and Welfare Fund aims to provide peace of mind and financial security to the individuals it serves, enhancing their quality of life and enabling them to focus on their roles as dedicated police officers.

The Health and Welfare Fund of the Police Benevolent Association of the City of New York plays a crucial role in supporting the wellbeing and health of active police officers, ensuring they have access to essential benefits and resources when they need it most.


Official website here: www.nycpba.org

Who is the CEO of Health And Welfare Fund Of The Pba Of The City Of New York?

David Nicholson is the Funds Administrator of Health And Welfare Fund Of The Pba Of The City Of New York.


Official website here: www.nycpba.org

What is the revenue of Health And Welfare Fund Of The Pba Of The City Of New York?

Health And Welfare Fund Of The Pba Of The City Of New York's revenue in 2022 was $44,992,404.


Official website here: www.nycpba.org

Who are the executives of Health And Welfare Fund Of The Pba Of The City Of New York and what are their salaries?

The average compensation at Health And Welfare Fund Of The Pba Of The City Of New York during 2022 was $25,870. There are 51 employees at Health And Welfare Fund Of The Pba Of The City Of New York.


Here are 11 key members and their salaries:


Patrick J Lynch (Trustee)
  • Compensation: $0
  • Related: $109,912
  • Other: $0
John P Puglissi (Trustee)
  • Compensation: $0
  • Related: $95,344
  • Other: $0
Joseph A Alejandro (Trustee)
  • Compensation: $0
  • Related: $85,631
  • Other: $0
Patrick G Hendry (Trustee)
  • Compensation: $0
  • Related: $85,631
  • Other: $0
Daniel J Tirelli (Trustee)
  • Compensation: $0
  • Related: $85,631
  • Other: $0
David Nicholson (Funds Administrator)
  • Compensation: $115,520
  • Related: $273,484
  • Other: $70,057
Keith Owen (Asst. Funds Admin.)
  • Compensation: $76,542
  • Related: $79,665
  • Other: $57,783
Monita Wong (Controller)
  • Compensation: $51,795
  • Related: $87,505
  • Other: $56,261
Vicki Trickett (Sql Dba & Developer)
  • Compensation: $38,381
  • Related: $101,462
  • Other: $27,718
Gregory Aristilde (It Director)
  • Compensation: $38,367
  • Related: $101,461
  • Other: $27,708
Niveen Mansour (Senior Accountant)
  • Compensation: $27,669
  • Related: $96,830
  • Other: $26,296


Official website here: www.nycpba.org

Where can I find the form 990 for Health And Welfare Fund Of The Pba Of The City Of New York?

Health And Welfare Fund Of The Pba Of The City Of New York's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nycpba.org

Learn more at the official website: www.nycpba.org

Mission Statement of Health And Welfare Fund Of The Pba Of The City Of New York

The Health and Welfare Fund of the Pba of the City of New York, a notable welfare benefit plan, is dedicated to enhancing the well-being of active police officers, their spouses, and eligible dependents. By focusing on this mission, the organization ensures the overall health and livelihood of those who serve and protect their communities.

This charitable entity, with a primary exempt purpose, offers a comprehensive range of benefits to its 23,112 eligible participants. The benefits package includes coverage for prescription drugs, dental, optical, and supplemental insurance. Among these advantages, the Fund provides a catastrophic benefit, office visit co-payment benefit, and life insurance coverage, ensuring that the recipients have access to essential healthcare services and financial security in times of need.

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Impact




October, 2024

The Health and Welfare Fund of the PBA of the City of New York plays a crucial role in supporting the well-being of active police officers and their families. By providing a comprehensive range of health and welfare benefits, including prescription drug coverage, dental and optical services, and supplemental benefits such as catastrophic coverage and life insurance, the Fund ensures that approximately 23,112 eligible participants and their dependents have access to essential healthcare services.

This support enhances the quality of life for officers, helping them manage health-related challenges and ensuring they can perform their duties effectively. Moreover, by focusing on their well-being, the Fund contributes to the overall morale and mental health of the police force, fostering a sense of security and stability for those who serve and protect the community. In essence, the Health and Welfare Fund not only serves as a safety net for officers but also strengthens public safety by promoting the health and welfare of its members.




This information is meant to be a general summary of Health And Welfare Fund Of The Pba Of The City Of New York. 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
$44,992,404 (2022)
Expenses
$31,478,582 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,195,278
  • Program Service Revenue: $43,797,050
  • Gross Receipts: $44,992,404

Assets and Liabilities:

  • Total Assets: $127,205,831
  • Total Liabilities: $2,459,455
  • Net Assets: $124,746,376

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Programs

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

CONTRIBUTION FROM NYC

Revenue

$43,682,784

COBRA PREMIUM COLLECTED

Revenue

$114,266

Organization Details

Founding Year

1964

Principal Officer

David Nicholson

Main Address

125 BROAD STREET 11TH FL, NEW YORK, NY, 10004

NTEE Category

Code: Y40 - Mutual benefit

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