Overview
What is Nysut Retiree Veba Health Fund?
The Nysut Retiree Veba Health Fund is a nonprofit organization based in Latham, New York, with the address 800 Troy-Schenectady Road, ZIP code 12110. Their primary mission is to ensure the provision and payment of medical benefits for retired staff members of New York State United Teachers. As an employee benefit fund, the Nysut Retiree Veba Health Fund operates to meet the healthcare needs of its retired constituents.
Is Nysut Retiree Veba Health Fund legitimate?
Nysut Retiree Veba Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nysut Retiree Veba 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: $0
For more financial information, click here
What is the mission statement of Nysut Retiree Veba Health Fund?
The Nysut Retiree Veba Health Fund is dedicated to providing medical benefits for retired staff of New York State United Teachers. Its primary mission is to ensure the funding and payment of healthcare services for this group of retirees. By doing so, the organization strives to maintain their wellbeing and financial security in their post-teaching careers. The Fund's commitment extends beyond just financial support, as it also aims to make healthcare easily accessible to its members. This dedication to retired educators forms the core of the Nysut Retiree Veba Health Fund's purpose and mission.
Who is the CEO of Nysut Retiree Veba Health Fund?
J Philippe Abraham is the Trustee of Nysut Retiree Veba Health Fund.
What is the revenue of Nysut Retiree Veba Health Fund?
Nysut Retiree Veba Health Fund's revenue in 2023 was $11,914,694.
Who are the executives of Nysut Retiree Veba Health Fund and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $162,574
- Other: $95,419
- Compensation: $0
- Related: $209,804
- Other: $117,042
- Compensation: $0
- Related: $152,775
- Other: $98,119
- Compensation: $0
- Related: $179,809
- Other: $104,839
- Compensation: $0
- Related: $213,833
- Other: $92,322
- Compensation: $0
- Related: $165,106
- Other: $80,907
- Compensation: $0
- Related: $52,119
- Other: $73,212
Where can I find the form 990 for Nysut Retiree Veba Health Fund?
Nysut Retiree Veba Health Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nysut Retiree Veba Health Fund
The Nysut Retiree Veba Health Fund is a crucial employee benefit fund, dedicated to ensuring the financial coverage of medical benefits for retired educators of New York State United Teachers. Established with the purpose of securing the necessary resources for the payment of retiree health benefits, the Fund's mission is geared towards providing essential healthcare support for the retired teaching staff.
In more detail, the Nysut Retiree Veba Health Fund functions as a critical financial safety net for retired educators, enabling them to access necessary medical benefits post-retirement. The Fund's primary focus is on facilitating the funding and payment of medical benefits for this specific demographic, ensuring their continued access to crucial healthcare services. By doing so, the Fund not only enhances their quality of life but also provides peace of mind, allowing retired educators to focus on their well-being during their post-career years.
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Impact
October, 2024
The Nysut Retiree Veba Health Fund offers significant support for retired staff of New York State United Teachers by funding and covering medical benefits. This initiative alleviates the financial burden on retirees, ensuring access to necessary healthcare services and enhancing their quality of life. By focusing on the needs of these individuals, the fund plays a crucial role in providing security and reassurance during retirement, allowing former educators to focus on their health and well-being without the stress of medical expenses. Its mission emphasizes a commitment to the welfare of retirees, reinforcing the value placed on their contributions throughout their careers in education.
This information is meant to be a general summary of Nysut Retiree Veba 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,474,187
- Program Service Revenue: $10,440,507
- Gross Receipts: $14,598,283
Assets and Liabilities:
- Total Assets: $40,013,232
- Total Liabilities: $84,724
- Net Assets: $39,928,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR CONTRIBUTIONS
Revenue
$10,069,902
PARTICIPANT CONTRIBUTIONS
Revenue
$370,605
Organization Details
Founding Year
2000
Phone
(518) 213-6000Principal Officer
J Philippe Abraham
Main Address
800 TROY-SCHENECTADY ROAD, LATHAM, NY, 12110
NTEE Category
Code: Y43 - Mutual benefit
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