Local 812 Health Fund

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

EIN: 136162404 ✦ Great neck, NY ✦ Designated as a 501(c)(9)

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Overview

What is Local 812 Health Fund?

Local 812 Health Fund is a nonprofit organization based in Great Neck, New York, with a significant workforce of 3033 employees. Their primary mission is to extend essential benefits, including hospitalization, prescription drugs, dental care, life insurance, vision coverage, disability services, and additional offerings, to eligible participants and their covered dependents. This comprehensive health fund aims to enhance the well-being of its members by addressing various aspects of their healthcare needs.

Is Local 812 Health Fund legitimate?

Local 812 Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 812 Health 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: $244,837

For more financial information, click here

What is the mission statement of Local 812 Health Fund?

The Local 812 Health Fund is committed to extending essential benefits to eligible participants and their covered dependents. These benefits encompass hospitalization, prescription drugs, dental care, life insurance, vision coverage, and disability services, among others. By offering these comprehensive benefits, the Health Fund aims to promote the overall well-being and health security of those it serves.

Who is the CEO of Local 812 Health Fund?

Joseph G Vitta is the Trustee of Local 812 Health Fund.

What is the revenue of Local 812 Health Fund?

Local 812 Health Fund's revenue in 2022 was $50,895,093.

Who are the executives of Local 812 Health Fund and what are their salaries?

The average compensation at Local 812 Health Fund during 2022 was $81. There are 3033 employees at Local 812 Health Fund.


Here are 5 key members and their salaries:


Joseph Vitta (Trustee)
  • Compensation: $0
  • Related: $202,684
  • Other: $38,010
Angel Martinez (Trustee)
  • Compensation: $0
  • Related: $156,286
  • Other: $38,010
John Visconti (Trustee)
  • Compensation: $0
  • Related: $161,017
  • Other: $38,010
Mark Pooler (Trustee)
  • Compensation: $0
  • Related: $130,962
  • Other: $38,010
Jeff Knatz (Trustee)
  • Compensation: $0
  • Related: $161,017
  • Other: $38,010
Where can I find the form 990 for Local 812 Health Fund?

Local 812 Health Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 812 Health Fund

Local 812 Health Fund, a notable organization, is dedicated to extending essential benefits to eligible participants and their covered dependents. This mission encompasses hospitalization, drug coverage, dental services, life insurance, vision care, disability support, and a range of other vital advantages. By doing so, the fund strives to ensure the health and well-being of those it serves.

In more detail, the Local 812 Health Fund works tirelessly to provide a comprehensive suite of benefits for eligible individuals. These offerings include hospitalization coverage, which offers financial assistance for medical treatments and surgeries, ensuring access to necessary healthcare services. Furthermore, the fund offers drug coverage, which helps participants manage the costs of prescription medications, allowing them to maintain their health and maintain their quality of life.

Additionally, dental benefits are extended to participants, ensuring they can maintain their oral health and prevent potential complications. Life insurance coverage provides peace of mind, protecting the families of participants in the event of a tragic loss. Vision care is another essential offering, ensuring participants can access regular eye exams and necessary corrective lenses, while disability benefits offer financial assistance for those unable to work due to injury or illness.

The Local 812 Health Fund's mission extends beyond just offering these benefits; it also aims to make them accessible to as many eligible individuals as possible. By doing so, the organization plays a crucial role in promoting overall health and well-being for its participants, enabling them to focus on their personal and professional lives with greater peace of mind.

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Impact




October, 2024

Local 812 Health Fund plays a crucial role in enhancing the well-being of eligible participants and their covered dependents. By offering a comprehensive range of benefits, including hospitalization, prescription drugs, dental care, life insurance, vision care, and disability support, it addresses critical health and financial needs.

This fund ensures that members have access to necessary medical services, promoting both physical health and financial security. The availability of these benefits allows participants to focus on their job and personal lives with greater peace of mind. In a densely populated area like Great Neck, NY, the Local 812 Health Fund’s mission significantly impacts the community by ensuring that individuals and families can obtain essential health services without facing overwhelming costs. The support provided by the fund enhances overall quality of life and bolsters community resilience.




This information is meant to be a general summary of Local 812 Health 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.

Revenue
$50,895,093 (2022)
Expenses
$58,069,588 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,982,827
  • Program Service Revenue: $47,815,828
  • Gross Receipts: $62,170,407

Assets and Liabilities:

  • Total Assets: $16,022,386
  • Total Liabilities: $32,406,393
  • Net Assets: -$16,384,007

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$44,269,138

STOP LOSS REIMBURSEMENTS

Revenue

$2,914,913

MEDICARE PART D SUBSIDY

Revenue

$364,925

COBRA CONTRIBUTIONS

Revenue

$266,852

Organization Details

Founding Year

1945

Principal Officer

Joseph G Vitta

Main Address

445 NORTHERN BLVD, GREAT NECK, NY, 11021

NTEE Category

Code: Y40 - Mutual benefit

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