Overview
What is Alliance Of Western New York Benefit Fund?
The Alliance of Western New York Benefit Fund is a nonprofit organization based in Niagara Falls, New York, with the address 2914 Pine Avenue, 14301. Established as an agent for employers and union trusts, this trust facilitates the collection, management, and payment of funds to procure health care benefits for their employees in accordance with the adopted plans. By negotiating preferable group rates with third-party health and dental insurance providers, the Alliance ensures affordable coverage, making a significant difference in people's lives.
Is Alliance Of Western New York Benefit Fund legitimate?
Alliance Of Western New York Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alliance Of Western New York Benefit 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:
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What is the mission statement of Alliance Of Western New York Benefit Fund?
The Alliance Of Western New York Benefit Fund was established to serve as an agent for health benefits plans adopted by employers through collective bargaining agreements or union trusts. Its primary role is to collect, manage, and pay funds to procure insurance coverage in accordance with these plans. The trust aims to secure preferable group rates from third-party providers of health and dental insurance. The Alliance acts as a facilitator between employers and insurance companies, ensuring their employees receive comprehensive health care benefits. By efficiently managing these plans, the Fund enables employers to offer affordable and efficient insurance options to their workforce.
What is the revenue of Alliance Of Western New York Benefit Fund?
Alliance Of Western New York Benefit Fund's revenue in 2024 was $34,877,065.
Who are the executives of Alliance Of Western New York Benefit Fund and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Alliance Of Western New York Benefit Fund?
Alliance Of Western New York Benefit Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Alliance Of Western New York Benefit Fund
The Alliance of Western New York Benefit Fund serves as an agent for health benefits plans adopted by employers through collective bargaining agreements or by union trusts. In this capacity, the organization collects, manages, and pays funds to procure insurance for healthcare and dental benefits, in accordance with such plans. The Alliance strives to secure preferred group rates from third-party insurance providers.
Established to cater to the health insurance needs of various working communities, the Alliance of Western New York Benefit Fund plays a pivotal role in facilitating access to comprehensive healthcare and dental coverage for its beneficiaries. By acting as an intermediary between employers and insurance providers, the organization enables the negotiation of favorable group rates, ensuring affordable coverage for those it serves. The ultimate goal is to help employees and their families access essential healthcare services, thereby promoting overall wellbeing and improving the quality of life.
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Impact
October, 2024
The Alliance of Western New York Benefit Fund significantly impacts the community by serving as a key facilitator for health and dental insurance coverage through collective bargaining agreements and union trusts. By managing and distributing funds to obtain insurance, the Fund ensures that workers access essential health benefits, which enhances their overall well-being and financial security.
Through its efforts, the Fund is able to negotiate preferable group rates from third-party providers, making healthcare more affordable for employees and their families. This not only contributes to healthier communities but also fosters stability within the workforce by reducing the burden of medical expenses. By acting as an agent for employer-adopted plans, the Alliance strengthens the relationship between workers and their employers, promoting a more supportive and equitable workplace environment.
Overall, the Alliance of Western New York Benefit Fund plays a crucial role in improving access to healthcare benefits, ultimately enhancing the quality of life for many individuals in the region.
This information is meant to be a general summary of Alliance Of Western New York Benefit 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: $28,124
- Program Service Revenue: $34,848,941
- Gross Receipts: $34,877,065
Assets and Liabilities:
- Total Assets: $6,976,289
- Total Liabilities: $1,370,238
- Net Assets: $5,606,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATING EMPLOYERS
Revenue
$34,800,450
COBRA & RETIRED
Revenue
$48,491
Organization Details
Founding Year
2003
Principal Officer
Raymond King
NTEE Category
Code: Y43 - Mutual benefit
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