Overview
What is New Jersey Bac Health Fund?
The New Jersey Bac Health Fund is a nonprofit organization that offers medical, dental, and prescription benefits to employees under a collective bargaining agreement with contributing employers. Based in Fairfield, New Jersey, the Fund caters to a team of six individuals. Through a third-party administrator, it provides comprehensive coverage for participants, encompassing medical, surgical, hospitalization, and vision care. This ensures that the workforce has access to essential healthcare services, ensuring overall well-being and productivity.
What are the reviews and ratings of this charity?
The New Jersey Bac Health Fund is currently not rated by Charity Navigator. This is primarily because the fund does not have a necessary Accountability & Finance or Impact & Measurement beacon to be eligible for a rating. The absence of a rating should not be interpreted as either a positive or negative commentary on the organization, but merely that it has not yet been evaluated under the criteria set by Charity Navigator.
As an independent organization, the New Jersey Bac Health Fund is not registered as a 501(c)(3) nonprofit, which limits the scope of evaluation by Charity Navigator, particularly concerning Impact & Measurement, Culture & Community, and Leadership & Adaptability. The evaluation process normally relies heavily on data visible on Form 990s that these organizations file with the IRS.
Without specific financial data regarding revenues, expenses, or salary details for key persons, a comprehensive evaluation for public transparency is lacking. This could pose a potential limitation for stakeholders looking for in-depth insights into the fund's operations and financial health. There are also no user reviews available from GreatNonprofits to provide additional perspectives on the organization's impact from the community's point of view.
This AI summary has been generated from information found on Charity Navigator.
Is New Jersey Bac Health Fund legitimate?
New Jersey Bac Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. New Jersey Bac 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: $430,020
For more financial information, click here
What is the mission statement of New Jersey Bac Health Fund?
The New Jersey Bac Health Fund serves as a crucial resource for individuals employed under collective bargaining agreements, offering them access to essential medical, dental, and prescription benefits. These benefits are skillfully managed by a third party administrator, ensuring comprehensive coverage for the participants. The Fund's objective revolves around enhancing the health and wellbeing of its participants, providing them with peace of mind and the ability to focus on their work and personal lives. By offering a range of benefits, including medical, surgical, hospitalization, vision, and dental coverage, the New Jersey Bac Health Fund demonstrates its commitment to the health and wellness of its members.
Who is the CEO of New Jersey Bac Health Fund?
John F Capo is the Trustee of New Jersey Bac Health Fund.
What is the revenue of New Jersey Bac Health Fund?
New Jersey Bac Health Fund's revenue in 2022 was $15,306,543.
Who are the executives of New Jersey Bac Health Fund and what are their salaries?
The average compensation at New Jersey Bac Health Fund during 2022 was $71,670. There are 6 employees at New Jersey Bac Health Fund.
Here are 9 key members and their salaries:
- Compensation: $103,467
- Related: $0
- Other: $19,536
- 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
- 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 New Jersey Bac Health Fund?
New Jersey Bac Health Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Jersey Bac Health Fund
New Jersey Bac Health Fund, a nonprofit organization, is committed to extending essential medical, dental, and prescription benefits to individuals employed under collective bargaining agreements with contributing employers. The Fund ensures these benefits are conveniently accessible to participants through a reliable third-party administrator.
The primary objective of New Jersey Bac Health Fund is to secure comprehensive medical, surgical, hospitalization, vision, and dental coverage for eligible employees. By allying with a trusted third-party administrator, the organization addresses the healthcare needs of participants with efficiency and precision. The ultimate goal is to grant peace of mind and financial security for those covered by the collective bargaining agreement.
In providing medical, dental, and prescription benefits, the New Jersey Bac Health Fund assumes a significant role in safeguarding the wellbeing of its participants. By collaborating with a reputable third-party administrator, the organization streamlines the process of accessing healthcare services, making it a dependable partner for employees and their families.
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Impact
October, 2024
The New Jersey Bac Health Fund significantly impacts the health and well-being of participants employed under collective bargaining agreements. By providing comprehensive medical, dental, and prescription benefits, the Fund ensures that workers have access to essential health services, thereby improving overall health outcomes. The benefits cover a range of medical needs, including surgical, hospitalization, vision, and dental care, which are administered through a third-party administrator for efficiency and effectiveness.
The Fund plays a critical role in supporting the financial and physical health of its members, allowing them to focus on their work without the burden of high medical expenses. This support not only enhances the quality of life for participants but also contributes to a more productive workforce. By facilitating access to crucial health services, the New Jersey Bac Health Fund fosters a healthier community and reinforces the importance of mutual benefit among workers and their employers.
This information is meant to be a general summary of New Jersey Bac 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 2022.
- Investment Income: $989,798
- Program Service Revenue: $14,316,745
- Gross Receipts: $24,741,957
Assets and Liabilities:
- Total Assets: $36,129,377
- Total Liabilities: $938,932
- Net Assets: $35,190,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$1,711,953
Employer Contributions
Revenue
$12,604,792
Organization Details
Founding Year
1988
Phone
(973) 808-7358Principal Officer
John F Capo
Main Address
14 Plog Road Suite 3, Fairfield, NJ, 07004
NTEE Category
Code: Y40 - Mutual benefit
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