Overview
What is Local 342 Insurance Trust?
Local 342 Insurance Trust is a nonprofit organization situated in Shirley, New York. With a workforce of five dedicated individuals, this organization offers a range of benefits to its employee participants. The benefits include dental, vision, wellness, short-term disability, legal services, and life insurance. The contributions made to this trust serve to enrich the lives and well-being of its employees, ensuring they have access to essential healthcare services and legal support when needed. The trust's primary mission is to ensure the wellbeing of its participants by providing these comprehensive benefits.
Is Local 342 Insurance Trust legitimate?
Local 342 Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 342 Insurance Trust 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: $199,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,017
For more financial information, click here
What is the mission statement of Local 342 Insurance Trust?
The Local 342 Insurance Trust's mission is centered around providing various benefits to its participating employees. These benefits include dental, vision, wellness, short-term disability, legal services, and life insurance. By contributing to these services, the Trust aims to enhance the overall well-being and security of its employee base. The Trust serves as a vital source of support, offering a range of benefits designed to enhance the quality of life for its participants.
Who is the CEO of Local 342 Insurance Trust?
William Hennessey is the Trustee of Local 342 Insurance Trust.
What is the revenue of Local 342 Insurance Trust?
Local 342 Insurance Trust's revenue in 2022 was $1,155,339.
Who are the executives of Local 342 Insurance Trust and what are their salaries?
The average compensation at Local 342 Insurance Trust during 2022 was $72,983. There are 5 employees at Local 342 Insurance Trust.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $279,965
- Other: $5,187
- Compensation: $199,897
- Related: $15,980
- Other: $31,520
Where can I find the form 990 for Local 342 Insurance Trust?
Local 342 Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 342 Insurance Trust
Local 342 Insurance Trust is an organization that dedicates its resources to providing various benefits for its participating employees. Their primary mission is to extend dental, vision, wellness, short-term disability, legal services, and life insurance coverage to the individuals who are part of their fund. By offering these benefits, Local 342 Insurance Trust aims to enhance the overall well-being and security of its employees, ensuring they have access to essential services when they need them.
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Impact
October, 2024
Local 342 Insurance Trust significantly enhances the well-being of its participants by providing a comprehensive range of benefits that include dental, vision, wellness support, short-term disability coverage, legal services, and life insurance. By facilitating access to these essential services, it plays a crucial role in improving the health, financial security, and overall quality of life for employees. This impact extends beyond the individual, fostering a more robust and resilient workforce in the community of Shirley, NY. The Trust's focus on mutual benefit ensures that participants receive the necessary support to thrive both personally and professionally.
This information is meant to be a general summary of Local 342 Insurance Trust. 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: $115,210
- Program Service Revenue: $1,034,412
- Gross Receipts: $1,212,705
Assets and Liabilities:
- Total Assets: $2,803,783
- Total Liabilities: $229,234
- Net Assets: $2,574,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$1,034,412
Organization Details
Founding Year
1974
Phone
(631) 395-0600Principal Officer
William Hennessey
Main Address
501 WILLIAM FLOYD PARKWAY, SHIRLEY, NY, 11967
NTEE Category
Code: Y40 - Mutual benefit
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