Overview
What is Albany Permanent Professional Firefighters Assoc Welfare Fund?
Albany Permanent Professional Firefighters Assoc Welfare Fund is a nonprofit organization located in Albany, New York. Sponsored by the city, its primary purpose is to offer various health benefits to active uniformed firefighters and their dependents. These benefits include dental care, vision coverage, prescription medication, health club expenses, and copayments, each with specified limits. The organization operates as a trust and receives its revenue from the city of Albany. With a small workforce of six employees, it aims to support the well-being of firefighters and their families.
Is Albany Permanent Professional Firefighters Assoc Welfare Fund legitimate?
Albany Permanent Professional Firefighters Assoc Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Albany Permanent Professional Firefighters Assoc 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: $35,200
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What is the mission statement of Albany Permanent Professional Firefighters Assoc Welfare Fund?
The Albany Permanent Professional Firefighters Assoc Welfare Fund, organized as a trust, utilizes revenue received primarily from the city of Albany. This revenue is allocated to provide various health benefits to active uniformed members of the Albany Fire Department and their dependents. The benefits include reimbursement for dental, vision care, prescription medication, and health club expenses, subject to specified limits. The primary mission of this fund is to support the well-being of firefighters and their families by alleviating healthcare-related expenses.
What is the revenue of Albany Permanent Professional Firefighters Assoc Welfare Fund?
Albany Permanent Professional Firefighters Assoc Welfare Fund's revenue in 2024 was $810,668.
Who are the executives of Albany Permanent Professional Firefighters Assoc Welfare Fund and what are their salaries?
The average compensation at Albany Permanent Professional Firefighters Assoc Welfare Fund during 2024 was $5,867. There are 6 employees at Albany Permanent Professional Firefighters Assoc Welfare Fund.
Here are 5 key members and their salaries:
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for Albany Permanent Professional Firefighters Assoc Welfare Fund?
Albany Permanent Professional Firefighters Assoc Welfare Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Albany Permanent Professional Firefighters Assoc Welfare Fund
The Albany Permanent Professional Firefighters Assoc Welfare Fund, organized as a trust, serves a crucial role in providing various health benefits to active uniformed members of the Albany Fire Department and their dependents. This nonprofit organization receives revenue from the city of Albany, which it then utilizes to reimburse these individuals for dental, vision care, prescription medications, and health club expenses, all within specified limits. This vital service ensures that firefighters and their families have access to necessary healthcare resources, contributing to their overall well-being and enabling them to continue serving their community.
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Impact
October, 2024
The Albany Permanent Professional Firefighters Association Welfare Fund significantly enhances the well-being of active uniformed members of the Albany Fire Department and their families by providing essential health benefits. Revenue generated from the City of Albany is allocated towards a comprehensive range of reimbursements for dental, vision care, prescription medications, and health club expenses.
In concrete terms, the fund offers substantial financial support: $263,041 for dental benefits, $106,537 for optical benefits, $23,682 for prescription drugs, $26,810 for miscellaneous and supplemental expenses, $8,500 for membership at the Jewish Community Center, and $97,939 to cover health co-pays. This totals to over half a million dollars in health benefits—$526,509—making a significant impact on the health and wellness of firefighters and their dependents.
By ensuring access to crucial health resources, the fund not only aids in the physical recovery and overall health of these public servants but also reinforces the community's dedication to their safety and well-being.
This information is meant to be a general summary of Albany Permanent Professional Firefighters Assoc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $50,464
- Gross Receipts: $908,379
Assets and Liabilities:
- Total Assets: $2,288,943
- Total Liabilities: $7,652
- Net Assets: $2,281,291
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Organization Details
Founding Year
1994
Principal Officer
George Sokaris
NTEE Category
Code: Y40 - Mutual benefit
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