Overview
What is Iron Workers Local Union No 60 Supplemental Benefit Plan?
Iron Workers Local Union No 60 Supplemental Benefit Plan serves as a health benefits fund for its participants and their dependent family members. This nonprofit organization is self-insured, meaning it assumes financial responsibility for health claims and manages payments directly. The primary mission of this plan is to provide essential health benefits, ensuring the well-being of union members and their families.
Is Iron Workers Local Union No 60 Supplemental Benefit Plan legitimate?
Iron Workers Local Union No 60 Supplemental Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(5) entity. Iron Workers Local Union No 60 Supplemental Benefit Plan 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 Iron Workers Local Union No 60 Supplemental Benefit Plan?
The Iron Workers Local Union No 60 Supplemental Benefit Plan is dedicated to extending health benefits to its participating union members and their eligible dependents. Operating on a self-insured basis, the plan assumes the financial responsibility for processing and paying out health-related claims. The primary objective of the plan is to ensure the well-being of its beneficiaries by providing them with essential healthcare coverage.
Who is the CEO of Iron Workers Local Union No 60 Supplemental Benefit Plan?
Matthew Nesbitt is the Business Manager Retired Sept 2021 of Iron Workers Local Union No 60 Supplemental Benefit Plan.
What is the revenue of Iron Workers Local Union No 60 Supplemental Benefit Plan?
Iron Workers Local Union No 60 Supplemental Benefit Plan's revenue in 2022 was $3,418,546.
Who are the executives of Iron Workers Local Union No 60 Supplemental Benefit Plan and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $29,981
- Other: $32,663
- Compensation: $0
- Related: $120,013
- Other: $92,030
- Compensation: $0
- Related: $111,343
- Other: $90,633
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iron Workers Local Union No 60 Supplemental Benefit Plan?
Iron Workers Local Union No 60 Supplemental Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iron Workers Local Union No 60 Supplemental Benefit Plan
Iron Workers Local Union No 60 Supplemental Benefit Plan serves as a fund dedicated to providing health benefits to its participating members and their eligible dependents. This self-insured plan assumes responsibility for the payment of health claims, maintaining control over these financial obligations. The primary objective of Iron Workers Local Union No 60 Supplemental Benefit Plan is to ensure the well-being of its union members by offering them comprehensive health coverage.
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Impact
October, 2024
The Iron Workers Local Union No 60 Supplemental Benefit Plan plays a crucial role in enhancing the well-being of its members and their families by providing essential health benefits. By being self-insured for health claims, the Plan positions itself to directly manage and meet the healthcare needs of participants, ensuring they have access to necessary medical services without undue financial burden. This approach promotes both physical and financial health among union members, fostering a sense of security and support within the community. The Plan's commitment to covering health claims underscores its dedication to the welfare of its participants, reinforcing the importance of unions in advocating for workers' rights and benefits. In Syracuse, NY, this initiative significantly contributes to workforce stability and member satisfaction, ensuring that union members can focus on their work without the added stress of healthcare uncertainties.
This information is meant to be a general summary of Iron Workers Local Union No 60 Supplemental Benefit Plan. 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: $824,761
- Program Service Revenue: $2,460,398
- Gross Receipts: $4,416,465
Assets and Liabilities:
- Total Assets: $13,198,203
- Total Liabilities: $174,466
- Net Assets: $13,023,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,460,398
Organization Details
Founding Year
1996
Phone
(315) 422-8209Principal Officer
Matthew Nesbitt
Main Address
500 W GENESEE STREET, SYRACUSE, NY, 13204
NTEE Category
Code: J40 - Employment
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