Overview
What is South Bergen Region Vii Workers Compensation Pool?
South Bergen Region Vii Workers Compensation Pool is a self-administered liability pool established under New Jersey statute 18A:18A-42. This nonprofit organization, located in Rutherford, New Jersey, provides insurance coverage for the employees of participating school boards. Its primary mission is to offer workers' compensation protection, ensuring financial support for injured employees during their recovery period. The pool's operations are based on self-administration, which allows it to maintain control and independence in managing its operations and resources. By offering coverage to school district staff, South Bergen Region Vii Workers Compensation Pool plays a crucial role in safeguarding the well-being of educators and supporting the education sector as a whole.
Is South Bergen Region Vii Workers Compensation Pool legitimate?
South Bergen Region Vii Workers Compensation Pool is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Bergen Region Vii Workers Compensation Pool 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: $5,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of South Bergen Region Vii Workers Compensation Pool?
The South Bergen Region VII Workers Compensation Pool, established under New Jersey Statute 18A: 18A-42, operates as a self-administered liability pool providing insurance coverage for the employees of participating school boards. Its primary mission is to safeguard the workforce's well-being by offering necessary workers' compensation insurance. This pool operates with a focus on ensuring that the employees of the participating school boards are protected in case of work-related injuries or illnesses. It serves as a collective safety net, pooling resources to provide comprehensive coverage to its members.
What is the revenue of South Bergen Region Vii Workers Compensation Pool?
South Bergen Region Vii Workers Compensation Pool's revenue in 2020 was $2,195,834.
Who are the executives of South Bergen Region Vii Workers Compensation Pool and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 South Bergen Region Vii Workers Compensation Pool?
South Bergen Region Vii Workers Compensation Pool's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of South Bergen Region Vii Workers Compensation Pool
South Bergen Region VII Workers Compensation Pool is a self-administered entity established under New Jersey Statute 18A: 18A-42. Its primary mission is to provide insurance coverage for the employees of participating school boards. This pool serves as a protective measure, ensuring that employees have the necessary financial support in case of workplace-related injuries. By operating as a self-administered pool, South Bergen Region VII has the autonomy to manage its operations and provide coverage to its members effectively.
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Impact
October, 2024
The South Bergen Region VII Workers Compensation Pool significantly impacts the educational community by offering comprehensive workers' compensation coverage tailored for school employees in participating districts. Established under New Jersey Statute 18A:18A-42, it provides a structured and efficient framework for managing workplace injuries and liabilities, ensuring that educators and staff receive the necessary support and protection.
By pooling resources, participating school boards can access affordable insurance solutions, which helps to stabilize costs and mitigate financial risks associated with workplace injuries. This collaborative model fosters a sense of mutual benefit among the member institutions, as they share both responsibilities and successes in managing employee welfare. Consequently, the pool plays a vital role in promoting a safer work environment, enhancing employee morale, and enabling school boards to focus on their core objective: providing quality education. Through its self-administered approach, the South Bergen Region VII Workers Compensation Pool streamlines claims processing and support services, further strengthening the overall safety and operational efficiency within the region's schools.
This information is meant to be a general summary of South Bergen Region Vii Workers Compensation Pool. 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 2020.
- Investment Income: $235,434
- Program Service Revenue: $1,960,400
- Gross Receipts: $2,195,834
Assets and Liabilities:
- Total Assets: $14,818,446
- Total Liabilities: $6,670,024
- Net Assets: $8,148,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATING SCHOOL B
Revenue
$1,960,400
Organization Details
Founding Year
1983
Principal Officer
Joseph Kelly
NTEE Category
Code: Y20 - Mutual benefit
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