Superior Officers Council Health And Welfare Fund

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

EIN: 136179472 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Superior Officers Council Health And Welfare Fund?

The Superior Officers Council Health and Welfare Fund is a nonprofit organization situated in New York City, specifically at 40 Peck Slip, New York, NY 10038. Its primary mission is to offer health and welfare benefits to approximately 2,300 superior officers of the New York City Police Department and their dependents. These benefits encompass prescription drugs, dental care, catastrophic coverage, extended health services, hearing aids, and optical assistance. With a modest workforce of eight individuals, this fund aims to support the well-being of these high-ranking officers within the police department.


Official website here: www.nypdsoc.com

Is Superior Officers Council Health And Welfare Fund legitimate?

Superior Officers Council Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Superior Officers Council Health And 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: $231,720

For more financial information, click here


Official website here: www.nypdsoc.com

What is the mission statement of Superior Officers Council Health And Welfare Fund?

The Superior Officers Council Health and Welfare Fund's primary mission is to extend health and welfare benefits to the senior officers of the New York City Police Department. This is achieved through the provision of various types of benefits, including prescription drugs, dental care, catastrophic health coverage, extended health services, hearing aids, and optical benefits. These benefits are offered to approximately 2,300 superior officers and their beneficiaries within the New York City Police Department. The organization's goal is to support these officers in maintaining their well-being and health.


Official website here: www.nypdsoc.com

What is the revenue of Superior Officers Council Health And Welfare Fund?

Superior Officers Council Health And Welfare Fund's revenue in 2023 was $7,226,049.


Official website here: www.nypdsoc.com

Who are the executives of Superior Officers Council Health And Welfare Fund and what are their salaries?

The average compensation at Superior Officers Council Health And Welfare Fund during 2023 was $28,965. There are 8 employees at Superior Officers Council Health And Welfare Fund.

Here are 5 key members and their salaries:


Louis Turco (Co-Chairman)
  • Compensation: $0
  • Related: $109,776
  • Other: $0
Christopher Monahan (Co-Chairman)
  • Compensation: $0
  • Related: $97,508
  • Other: $0
John Beattie (Trustee)
  • Compensation: $0
  • Related: $73,176
  • Other: $0
Johnny Ramirez (Trustee)
  • Compensation: $0
  • Related: $48,754
  • Other: $0
Mary Ann Pellegriti (Fund Administrator)
  • Compensation: $114,525
  • Related: $0
  • Other: $8,589


Official website here: www.nypdsoc.com

Where can I find the form 990 for Superior Officers Council Health And Welfare Fund?

Superior Officers Council Health And Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.nypdsoc.com

Learn more at the official website: www.nypdsoc.com

Mission Statement of Superior Officers Council Health And Welfare Fund

The Superior Officers Council Health and Welfare Fund is an organization committed to delivering health and welfare benefits to the superior officers of the New York City Police Department. Its mission, in essence, is to ensure the wellbeing and health of these esteemed officers and their beneficiaries. The fund provides a range of benefits, including prescription drugs, dental care, catastrophic coverage, extended health services, hearing aid assistance, and optical benefits, catering to the diverse needs of approximately 2,300 officers. By offering these benefits, the Superior Officers Council Health and Welfare Fund demonstrates its dedication to supporting the wellbeing of these officers, contributing to their overall health and ability to serve the city effectively.

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Impact




October, 2024

The Superior Officers Council Health and Welfare Fund significantly enhances the well-being of the superior officers of the NYC Police Department by providing essential health and welfare benefits. With a focus on delivering comprehensive coverage, the Fund supports approximately 2,300 superior officers and their beneficiaries through various services.

Key benefits include prescription drug coverage, dental care, catastrophic and extended health insurance, as well as hearing aids and optical benefits. By ensuring access to these critical health resources, the Fund plays a crucial role in promoting the physical and mental health of the officers, which in turn contributes to overall community safety and effective law enforcement in New York City. The financial support provided by the Fund helps alleviate the burden of healthcare costs, allowing superior officers to focus on their demanding roles while feeling secure in their health needs.




This information is meant to be a general summary of Superior Officers Council Health And 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.

Revenue
$7,226,049 (2023)
Expenses
$6,554,851 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $339,247
  • Program Service Revenue: $6,884,869
  • Gross Receipts: $7,400,934

Assets and Liabilities:

  • Total Assets: $9,944,738
  • Total Liabilities: $298,250
  • Net Assets: $9,646,488

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$3,707,117

UNIFORM ALLOWANCE

Revenue

$2,566,060

EMPLOYEE PREMIUM CONTR

Revenue

$367,573

EMPLOYER - LOD WIDOWS

Revenue

$237,527

EMPLOYEE - COBRA

Revenue

$6,592

Organization Details

Founding Year

1965

Principal Officer

Chris Monahan Co-Chair

NTEE Category

Code: Y40 - Mutual benefit

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