Overview
What is Long Term Disability Benefit Insurance?
Long Term Disability Benefit Insurance refers to a voluntary insurance plan offered through payroll deductions for employees of various NYSA-ILA Employee Benefit Funds. This initiative aims to provide financial support to individuals who become temporarily or permanently disabled, enabling them to maintain a level of financial stability during their recovery period. The insurance covers a portion of the employee's salary, ensuring financial security during times of disability.
Is Long Term Disability Benefit Insurance legitimate?
Long Term Disability Benefit Insurance is a legitimate nonprofit organization registered as a 501(c)(9) entity. Long Term Disability Benefit Insurance submitted a form 990EZ, 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.
What is the mission statement of Long Term Disability Benefit Insurance?
The mission of Long Term Disability Benefit Insurance, as facilitated by the NYSA-ILA Employee Benefit Funds, involves encouraging voluntary payroll deductions from employees for the purpose of purchasing long-term disability insurance. This initiative aims to provide financial security and support for individuals in case of extended illness or injury, enabling them to maintain their livelihoods during challenging periods. The insurance coverage is procured through payroll deductions, ensuring that employees have access to essential financial protection.
Who is the CEO of Long Term Disability Benefit Insurance?
Dominick Gaudioso is the Trustee of Long Term Disability Benefit Insurance.
What is the revenue of Long Term Disability Benefit Insurance?
Long Term Disability Benefit Insurance's revenue in 2022 was $18,380.
Who are the executives of Long Term Disability Benefit Insurance and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Long Term Disability Benefit Insurance?
Long Term Disability Benefit Insurance's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Long Term Disability Benefit Insurance
Long Term Disability Benefit Insurance, a voluntary initiative, aims to collect payroll deductions from employees of various NYSA-ILA Employee Benefit Funds. The primary objective of this program is to enable these employees to purchase long-term disability insurance. This insurance serves as a safety net, providing financial support in case of prolonged illness or disability, ensuring that employees can maintain their financial stability during challenging times. The program's mission is to offer this crucial protection, allowing employees to focus on their recovery without the added stress of financial insecurity.
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Impact
October, 2024
Long Term Disability Benefit Insurance significantly impacts employees by providing a safety net during times of unforeseen circumstances that could lead to prolonged disability. This insurance offers financial support through voluntary payroll deductions, ensuring that employees can maintain their standard of living when they are unable to work due to illness or injury.
The primary benefit of this program is the peace of mind it brings to participants. Knowing they have a source of income in the event of a long-term disability can alleviate stress and allow individuals to focus on their recovery rather than their financial obligations. This is particularly crucial for workers who do not have adequate savings to cover an extended period of lost wages.
Furthermore, this insurance promotes a culture of mutual benefit among employees. By pooling resources through payroll deductions, members of the NYSA-ILA Employee Benefit Funds collectively enhance their financial security. This collaborative approach encourages a sense of community and support within the workforce, as members are looking out for one another’s well-being.
In summary, Long Term Disability Benefit Insurance serves as a vital resource that enhances employee welfare by providing essential financial protection and fostering a supportive work environment.
This information is meant to be a general summary of Long Term Disability Benefit Insurance. 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.
- Program Service Revenue: $18,380
- Gross Receipts: $18,380
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(201) 479-3605Principal Officer
Dominick Gaudioso
Main Address
10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302
NTEE Category
Code: Y43 - Mutual benefit
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