Overview
What is Hotel Association Of Washington Dc Insurance Fund?
The Hotel Association of Washington D.C. Insurance Fund is a nonprofit organization situated in Washington D.C., specifically at 1225 New York Avenue NW 250. Its primary mission is to provide group insurance benefits, which are mandated under a health and welfare plan, as part of a union contract between member hotels and their employees. This arrangement aims to ensure that the employees of affiliated hotels have access to required insurance benefits, thus strengthening their overall wellbeing and job security.
Is Hotel Association Of Washington Dc Insurance Fund legitimate?
Hotel Association Of Washington Dc Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hotel Association Of Washington Dc 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: $213,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,986
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What is the mission statement of Hotel Association Of Washington Dc Insurance Fund?
The Hotel Association of Washington D.C. Insurance Fund is established with the primary mission of providing group insurance benefits, as mandated by a union contract between its affiliated hotels and their employees. This organization serves to arrange these necessary insurance benefits, ensuring compliance with the agreement between the hotels and their workforce. By doing so, the Insurance Fund contributes to the well-being and security of the employees within the hotel industry in Washington D.C.
Who is the CEO of Hotel Association Of Washington Dc Insurance Fund?
Beverly A Wright is the Trustee of Hotel Association Of Washington Dc Insurance Fund. The CEO's salary of Hotel Association Of Washington Dc Insurance Fund is $0 and their total compensation is $383,211.
What is the revenue of Hotel Association Of Washington Dc Insurance Fund?
Hotel Association Of Washington Dc Insurance Fund's revenue in 2022 was $1,383,708.
Who are the executives of Hotel Association Of Washington Dc Insurance Fund and what are their salaries?
Here are 5 key members and their salaries (Hotel Association Of Washington Dc Insurance Fund's CEO's salary is $0 and their total compensation is $383,211):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $361,482
- Other: $21,729
- Compensation: $0
- Related: $202,014
- Other: $10,449
- Compensation: $0
- Related: $157,058
- Other: $18,600
Where can I find the form 990 for Hotel Association Of Washington Dc Insurance Fund?
Hotel Association Of Washington Dc Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hotel Association Of Washington Dc Insurance Fund
The Hotel Association of Washington D.C. Insurance Fund, a notable entity, is established with a primary mission to provide group insurance benefits under a health and welfare plan. This mission is in response to a union contract between member hotels and their employees, ensuring that the workforce in the hospitality sector is adequately covered. The organization arranges these benefits, acting as a crucial intermediary in the process, thus fulfilling its commitment to upholding the terms of the union contract. By providing these essential insurance benefits, the Hotel Association of Washington D.C. Insurance Fund contributes to the overall well-being and security of the hotel employees, fostering a healthier and more stable workforce in the industry.
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Impact
October, 2024
The Hotel Association of Washington DC Insurance Fund plays a crucial role in enhancing the overall well-being of hotel employees in the region. By facilitating access to group insurance benefits required by union contracts, the Fund ensures that employees receive necessary health and welfare coverage. This initiative not only supports the health of workers but also contributes to a more stable and motivated workforce in the hospitality industry.
By pooling resources from member hotels, the Fund effectively manages insurance options that might otherwise be challenging for individual establishments to provide. This collective approach leads to more comprehensive benefits, helping to attract and retain talent in a competitive industry. Additionally, the presence of adequate health and welfare plans fosters a positive work environment, ultimately benefiting both employees and the hotels that employ them.
In summary, the Fund's impact is seen in the improved health security of hotel employees, the financial sustainability of participating hotels, and, importantly, the enrichment of the hospitality sector in Washington, DC.
This information is meant to be a general summary of Hotel Association Of Washington Dc 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 2022.
- Program Service Revenue: $1,383,708
- Gross Receipts: $1,383,708
Assets and Liabilities:
- Total Assets: $1,442,805
- Total Liabilities: $1,017,585
- Net Assets: $425,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM EARNED
Revenue
$1,363,708
ADMINISTRATIVE SERVICE
Revenue
$20,000
Organization Details
Founding Year
1933
Phone
(202) 289-6385Principal Officer
Beverly A Wright
Main Address
1225 NEW YORK AVENUE NW 250, WASHINGTON, DC, 20005
NTEE Category
Code: Y40 - Mutual benefit
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