Overview
What is Local 52 Short Term Disability Health & Welfare Plan?
Local 52 Short Term Disability Health & Welfare Plan is a nonprofit organization based in Montgomery, Alabama. Their primary function involves collecting funds from employers and employees, which are then utilized for employee benefits. Specifically, these funds are used to purchase insurance and cover health and dental insurance premiums, life insurance, disability claims, and dependent life claims. The organization's mission is to ensure the well-being of its members by providing necessary insurance coverage and processing claims when needed.
Is Local 52 Short Term Disability Health & Welfare Plan legitimate?
Local 52 Short Term Disability Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 52 Short Term Disability Health & Welfare 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: $20,032
For more financial information, click here
What is the mission statement of Local 52 Short Term Disability Health & Welfare Plan?
The Local 52 Short Term Disability Health & Welfare Plan is established with the primary objective of collecting funds from employers and employees. This collected funds are then utilized for providing employee benefits, purchasing insurance policies, and processing insurance claims. The plan specifically covers health and dental insurance premiums, life insurance, disability claims, and dependent life claims. In simpler terms, the mission of Local 52 Short Term Disability Health & Welfare Plan is to ensure financial security and wellness for its members by providing necessary insurance coverages and managing insurance claims.
Who is the CEO of Local 52 Short Term Disability Health & Welfare Plan?
John Paul Smith is the Trustee of Local 52 Short Term Disability Health & Welfare Plan.
What is the revenue of Local 52 Short Term Disability Health & Welfare Plan?
Local 52 Short Term Disability Health & Welfare Plan's revenue in 2022 was $4,518,252.
Who are the executives of Local 52 Short Term Disability Health & Welfare Plan and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $93,266
- Other: $60,352
- Compensation: $0
- Related: $90,461
- Other: $59,639
Where can I find the form 990 for Local 52 Short Term Disability Health & Welfare Plan?
Local 52 Short Term Disability Health & Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 52 Short Term Disability Health & Welfare Plan
Local 52 Short Term Disability Health & Welfare Plan is an organization dedicated to the collection of funds from both employers and employees. Its primary mission is to utilize these funds for the provision of employee benefits, the purchase of insurance policies, and the timely payment of claims. The plan primarily focuses on health and dental insurance premiums, life insurance policies, and disability claims, as well as dependent life claims. In simpler terms, Local 52 Short Term Disability Health & Welfare Plan serves as a bridge between employees and their insurance needs, ensuring that benefits are accessed efficiently and claims are processed promptly. The plan plays a crucial role in securing the financial well-being of its members during times of health-related challenges.
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Impact
October, 2024
The Local 52 Short Term Disability Health & Welfare Plan plays a crucial role in providing financial security and support for employees facing health challenges. By collecting funds from both employers and employees, the plan facilitates access to essential employee benefits, including health and dental insurance, life insurance, and disability claims.
One of the primary impacts of this plan is the ability to alleviate the financial burden associated with medical expenses during periods of disability. Employees are afforded peace of mind knowing that they have a safety net in place to cover significant costs, ensuring they can focus on recovery rather than financial strain.
Additionally, the plan enhances workforce morale and retention by demonstrating a commitment to employees' well-being. Access to comprehensive health benefits fosters a sense of security, which can lead to increased job satisfaction and loyalty.
Moreover, by prioritizing the purchase of insurance and prompt payment of claims, the Local 52 Plan ensures that employees receive timely assistance when needed most. This responsiveness not only supports individual health outcomes but also contributes to a more resilient and productive workforce within the community of Montgomery, Alabama.
Through its mission, the Local 52 Short Term Disability Health & Welfare Plan effectively contributes to mutual benefit, reinforcing the importance of collective support among employers and employees for shared well-being.
This information is meant to be a general summary of Local 52 Short Term Disability Health & Welfare 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: $49,642
- Program Service Revenue: $4,465,109
- Gross Receipts: $4,518,252
Assets and Liabilities:
- Total Assets: $8,898,069
- Total Liabilities: $0
- Net Assets: $8,898,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBTUIONS
Revenue
$4,351,850
EMPLOYEE CONTRIBUTIONS
Revenue
$113,259
Organization Details
Founding Year
1970
Phone
(334) 272-0240Principal Officer
John Paul Smith
Main Address
PO BOX 211105, MONTGOMERY, AL, 361211105
NTEE Category
Code: Y40 - Mutual benefit
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