National Elevator Industry Health Benefit Plan

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 236209407 ✦ Newtown square, PA ✦ Designated as a 501(c)(9)

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Overview

What is National Elevator Industry Health Benefit Plan?

The National Elevator Industry Health Benefit Plan is a nonprofit organization headquartered at 19 Campus Blvd 200, Newtown Square, PA, 19073. Its primary focus is providing health and welfare benefits and managing the financing for trustees involved in the operation and administration of the trust. Essentially, this is the sole program and service of the organization, with all revenues and expenses directed towards this goal.


Official website here: www.neibenefits.org

Is National Elevator Industry Health Benefit Plan legitimate?

National Elevator Industry Health Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. National Elevator Industry Health 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: $464,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,930,134

For more financial information, click here


Official website here: www.neibenefits.org

What is the mission statement of National Elevator Industry Health Benefit Plan?

The National Elevator Industry Health Benefit Plan is committed to providing health and welfare benefits for its members. The organization's primary goal is to finance and manage the expenses associated with the operation and administration of this trust. This mission is carried out through the provision of comprehensive health benefits to those involved in the elevator industry. The Plan serves as a vital resource for ensuring the wellbeing of its beneficiaries, offering essential coverage and support. The organization's focus is solely on delivering these benefits to its members.


Official website here: www.neibenefits.org

Who is the CEO of National Elevator Industry Health Benefit Plan?

Robert O Betts Jr is the Executive Director of National Elevator Industry Health Benefit Plan.


Official website here: www.neibenefits.org

What is the revenue of National Elevator Industry Health Benefit Plan?

National Elevator Industry Health Benefit Plan's revenue in 2022 was $925,680,318.


Official website here: www.neibenefits.org

Who are the executives of National Elevator Industry Health Benefit Plan and what are their salaries?


Here are 12 key members and their salaries:


Larry J Mcgann (Trustee/Chairman)
  • Compensation: $0
  • Related: $392,610
  • Other: $205,761
Rick Amarosa (Trustee/Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Schiavone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Allen Spears (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Bruno (Trustee)
  • Compensation: $0
  • Related: $280,320
  • Other: $161,594
Newton Blanchard Iv (Trustee)
  • Compensation: $0
  • Related: $246,997
  • Other: $148,487
Suzanne Tart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terence Carr (Trustee)
  • Compensation: $0
  • Related: $280,320
  • Other: $161,594
Jack Upchurch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jathan Van Winkle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert O Betts Jr (Executive Director)
  • Compensation: $167,028
  • Related: $0
  • Other: $46,425
John A Mcgowan (Director Of Health Claims)
  • Compensation: $189,875
  • Related: $0
  • Other: $61,054


Official website here: www.neibenefits.org

Where can I find the form 990 for National Elevator Industry Health Benefit Plan?

National Elevator Industry Health Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.neibenefits.org

Learn more at the official website: www.neibenefits.org

Mission Statement of National Elevator Industry Health Benefit Plan

The National Elevator Industry Health Benefit Plan is a mission-driven organization, dedicated to ensuring the well-being of its beneficiaries. By providing health and welfare benefits, this Plan empowers its trustees to manage and finance the operational and administrative expenses related to the trust. In essence, the Plan serves as a vital safety net for individuals associated with the elevator industry. Through this comprehensive approach, the Plan fosters a sense of security and peace of mind for its members, enabling them to focus on their personal and professional growth. With its unwavering commitment to health and welfare benefits, the National Elevator Industry Health Benefit Plan stands as a beacon of support for those it serves.

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Impact




October, 2024

The National Elevator Industry Health Benefit Plan plays a crucial role in offering health and welfare benefits to individuals within the elevator industry. By providing a structured means of financing these benefits, the plan ensures that participants have access to essential medical services, which is vital for their well-being and productivity. The plan's design not only addresses immediate health care needs but also fosters long-term stability for its members.

Furthermore, the operation and administration of the trust help to streamline the process of benefit distribution, ensuring that participants receive timely support. By consolidating resources and focusing solely on health-related benefits, the plan enhances the overall quality of life for those in the industry, contributing to a healthier workforce. Ultimately, the National Elevator Industry Health Benefit Plan serves as a critical safety net, promoting health security and efficiency in the workplace.




This information is meant to be a general summary of National Elevator Industry Health 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.

Revenue
$925,680,318 (2022)
Expenses
$927,321,496 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$50,546,568
  • Program Service Revenue: $975,752,728
  • Gross Receipts: $2,226,005,911

Assets and Liabilities:

  • Total Assets: $2,821,003,990
  • Total Liabilities: $97,830,329
  • Net Assets: $2,723,173,661

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$801,289,909

CONTRIB EXT BENEFITS

Revenue

$87,343,381

FORMULARY REBATE PRESCRIPTION BEN

Revenue

$78,588,856

MEDICARE PART D SUB

Revenue

$6,779,994

PARTICIPANT CONTRIB

Revenue

$1,750,588

Organization Details

Founding Year

1952

Principal Officer

Robert O Betts Jr

Main Address

19 CAMPUS BLVD 200, NEWTOWN SQUARE, PA, 19073

NTEE Category

Code: Y20 - Mutual benefit

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