Overview
What is Laborers' Local 157 Health Benefits Fund?
The Laborers' Local 157 Health Benefits Fund is a nonprofit organization established in Schenectady, New York. Its primary purpose is to offer health insurance benefits to its members. As a benefits fund, it plays a crucial role in ensuring the well-being of its members by providing them with necessary healthcare coverage.
Is Laborers' Local 157 Health Benefits Fund legitimate?
Laborers' Local 157 Health Benefits Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Laborers' Local 157 Health Benefits 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: $63,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,701
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What is the mission statement of Laborers' Local 157 Health Benefits Fund?
The Laborers' Local 157 Health Benefits Fund is dedicated to offering health benefits to its members. As a mission, the fund aims to provide its members with comprehensive health insurance coverage. Although the text does not provide specific details, it can be inferred that the fund's mission is centered around ensuring the health and well-being of its members by offering suitable health benefits. The fund does not engage in other activities or have a broader societal mission, its primary focus being on health benefits for its members.
Who is the CEO of Laborers' Local 157 Health Benefits Fund?
Michael Brady is the Union Trustee of Laborers' Local 157 Health Benefits Fund.
What is the revenue of Laborers' Local 157 Health Benefits Fund?
Laborers' Local 157 Health Benefits Fund's revenue in 2022 was $5,105,855.
Who are the executives of Laborers' Local 157 Health Benefits Fund and what are their salaries?
The average compensation at Laborers' Local 157 Health Benefits Fund during 2022 was $31,398. There are 4 employees at Laborers' Local 157 Health Benefits Fund.
Here are 6 key members and their salaries:
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- Compensation: $109,525
- Related: $0
- Other: $25,453
Where can I find the form 990 for Laborers' Local 157 Health Benefits Fund?
Laborers' Local 157 Health Benefits Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers' Local 157 Health Benefits Fund
The Laborers' Local 157 Health Benefits Fund is a dedicated organization that serves its members by offering comprehensive health insurance benefits. Its primary mission is to ensure the wellbeing of its members by providing them with necessary medical coverage. Established as a benefits fund, the Laborers' Local 157 Health Benefits Fund operates with the goal of improving the health of its members by offering them access to essential healthcare services.
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Impact
October, 2024
The Laborers' Local 157 Health Benefits Fund plays a crucial role in supporting its members by providing health insurance coverage. Located in Schenectady, NY, the fund ensures that workers have access to essential health services, which is vital for their well-being and financial stability. By offering comprehensive health benefits, it alleviates the burden of medical costs, allowing members to focus on their work and families without the constant worry of healthcare expenses.
The impact of the fund extends beyond individual members; it fosters a sense of security and community within the labor force. Access to health benefits encourages a healthier workforce, which can lead to increased productivity and job satisfaction. Furthermore, by prioritizing member health, the Fund contributes to the overall well-being of the community, promoting a healthier society as a whole. Through its commitment to providing health insurance, the Laborers' Local 157 Health Benefits Fund ensures that its members can thrive both professionally and personally.
This information is meant to be a general summary of Laborers' Local 157 Health 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.
- Investment Income: $790,479
- Program Service Revenue: $4,311,776
- Gross Receipts: $10,804,661
Assets and Liabilities:
- Total Assets: $13,731,577
- Total Liabilities: $2,656,433
- Net Assets: $11,075,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS, NET
Revenue
$4,255,685
SELF PAY CONTRIBUTIONS
Revenue
$56,091
Organization Details
Founding Year
1958
Phone
(518) 374-8872Principal Officer
Michael Brady
Main Address
348 DUANESBURG ROAD, SCHENECTADY, NY, 12306
NTEE Category
Code: Y40 - Mutual benefit
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