Overview
What is Local 1964 Ila Health And Insurance Fund?
Local 1964 Ila Health and Insurance Fund is a nonprofit organization situated in Ridgefield Park, New Jersey. Its primary focus is to offer health and life insurance benefits to eligible members and those opting for coverage under COBRA. This can be facilitated either through payments from insurance carriers or directly through the trust. The plan includes various benefits such as hospitalization, major medical, prescription drug, dental, optical, and life insurance coverage. Furthermore, certain benefits are extended to eligible spouses and dependents of participants. The organization, with a team of 14 employees, aims to provide comprehensive insurance solutions to its members.
Official website here: www.local1964.org
Is Local 1964 Ila Health And Insurance Fund legitimate?
Local 1964 Ila Health And Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 1964 Ila Health And Insurance 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: $98,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $770,760
For more financial information, click here
Official website here: www.local1964.org
What is the mission statement of Local 1964 Ila Health And Insurance Fund?
The Local 1964 Ila Health and Insurance Fund's mission is centered around providing comprehensive health and insurance benefits to eligible participants. This includes hospitalization, major medical, prescription drug, dental, optical, and life insurance coverage. The plan also extends certain benefits to eligible spouses and dependents of participants. The organization's role is to ensure these benefits are accessible, either through payments from insurance carriers or directly through the trust.
Official website here: www.local1964.org
What is the revenue of Local 1964 Ila Health And Insurance Fund?
Local 1964 Ila Health And Insurance Fund's revenue in 2024 was $8,229,662.
Official website here: www.local1964.org
Who are the executives of Local 1964 Ila Health And Insurance Fund and what are their salaries?
The average compensation at Local 1964 Ila Health And Insurance Fund during 2024 was $66,897. There are 13 employees at Local 1964 Ila Health And Insurance Fund.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $83,075
- Related: $157,867
- Other: $55,609
- Compensation: $77,343
- Related: $146,249
- Other: $53,511
- Compensation: $92,283
- Related: $135,939
- Other: $55,456
- Compensation: $108,918
- Related: $38,180
- Other: $50,270
- Compensation: $66,973
- Related: $75,789
- Other: $43,659
- Compensation: $109,578
- Related: $15,048
- Other: $45,821
Official website here: www.local1964.org
Where can I find the form 990 for Local 1964 Ila Health And Insurance Fund?
Local 1964 Ila Health And Insurance Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.local1964.org
Learn more at the official website: www.local1964.org
Mission Statement of Local 1964 Ila Health And Insurance Fund
Local 1964 Ila Health and Insurance Fund is a organization dedicated to offering healthcare and insurance benefits to eligible participants. Its mission encompasses providing hospitalization, major medical, prescription drug, dental, optical, and life insurance benefits to these individuals. Furthermore, the plan extends certain benefits to eligible spouses and dependents of participants. This fund aims to safeguard the health and well-being of its members, offering them essential insurance coverage during times of need.
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Impact
October, 2024
Local 1964 Ila Health And Insurance Fund has a significant impact on the health and well-being of its eligible members and their families. By providing comprehensive benefits, including hospitalization, major medical coverage, prescription drugs, dental, optical, and life insurance, the Fund ensures that participants have access to essential healthcare services. This support extends to eligible spouses and dependents, reflecting a commitment to family care.
The Fund mitigates the financial burden associated with medical expenses, granting peace of mind to members in times of health crises. Additionally, for those opting for COBRA coverage, the Fund maintains continuity of care, which is crucial for individuals transitioning between employment or facing changes in their personal circumstances. Overall, Local 1964 Ila Health And Insurance Fund plays a vital role in improving quality of life and promoting financial stability for its members and their families.
This information is meant to be a general summary of Local 1964 Ila Health And Insurance 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: $1,132,716
- Program Service Revenue: $5,856,049
- Gross Receipts: $26,016,056
Assets and Liabilities:
- Total Assets: $31,998,057
- Total Liabilities: $358,531
- Net Assets: $31,639,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,849,389
COBRA CONTRIBUTIONS
Revenue
$6,660
Organization Details
Founding Year
1972
Principal Officer
Brian Wallach
Website
www.local1964.orgNTEE Category
Code: Y40 - Mutual benefit
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