Overview
What is Hrsa-Ila Welfare Fund?
The Hrsa-Ila Welfare Fund is a nonprofit organization based in Norfolk, Virginia. Its primary mission is to provide a range of health and welfare benefits to eligible employees, retirees, and their families. These benefits may include vacation time, recreational activities, child care facilities, income maintenance payments, disaster assistance, supplemental unemployment compensation, education or training programs, and various other benefits as determined by the Board of Trustees. The fund operates as an irrevocable trust and is established in accordance with the Labor Management Relations Act of 1947. The fund does not provide healthcare benefits that are already covered by the Mila Managed Health Care Trust Fund or any successor thereto. As of the provided information, the total number of employees in the organization is 129.
Is Hrsa-Ila Welfare Fund legitimate?
Hrsa-Ila Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hrsa-Ila Welfare 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: $30,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,758
For more financial information, click here
What is the mission statement of Hrsa-Ila Welfare Fund?
The Hrsa-Ila Welfare Fund is established as an irrevocable trust to provide various health and welfare benefits to certain employees in the longshore industry. The benefits offered by the fund can include vacation benefits, recreational activities, childcare facilities, job readjustment allowances, income maintenance payments, disaster assistance, supplemental unemployment compensation, education or training benefits, and any other benefit permitted under Section 501(C)(9). Notably, the fund does not provide health care or other benefits that are already covered by the Mila Managed Health Care Trust Fund or any successor thereof. The fund's Board of Trustees has the authority to determine which benefits are provided from time to time.
What is the revenue of Hrsa-Ila Welfare Fund?
Hrsa-Ila Welfare Fund's revenue in 2023 was $323.
Who are the executives of Hrsa-Ila Welfare Fund and what are their salaries?
The average compensation at Hrsa-Ila Welfare Fund during 2023 was $1,286. There are 130 employees and 14 volunteers at Hrsa-Ila Welfare Fund.
Here are 15 key members and their salaries:
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- Compensation: $24,803
- Related: $137,730
- Other: $29,760
Where can I find the form 990 for Hrsa-Ila Welfare Fund?
Hrsa-Ila Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hrsa-Ila Welfare Fund
The Hrsa-Ila Welfare Fund, as an irreversible trust established under Section 302(C) of the Labor Management Relations Act of 1947, is committed to providing health and welfare benefits to certain employees in the longshore industry. The fund's mission is to offer a range of benefits on an insured or self-insured basis, which may include vacation benefits, recreational facilities, childcare facilities, job readjustment allowances, income maintenance payments, disaster assistance, supplemental unemployment compensation benefits, education or training benefits, and any additional benefits permitted under Section 501(C)(9). Notably, the fund will not provide health care or other benefits that are already covered by the Mila Managed Health Care Trust Fund or any subsequent entity. The Hrsa-Ila Welfare Fund aims to support the well-being and welfare of its beneficiaries in various ways, from offering financial assistance to facilitating job opportunities and providing educational resources.
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Impact
October, 2024
The Hrsa-Ila Welfare Fund significantly impacts the lives of eligible employees, retirees, and their families by providing a range of essential health and welfare benefits. Located in Norfolk, VA, the Fund serves individuals within the longshore industry, offering critical support tailored to their unique needs.
By establishing an irrevocable trust, the Fund ensures ongoing access to various benefits. These benefits include life insurance, supplemental medical coverage, and assistance in times of need, such as disaster relief and job readjustment allowances. Furthermore, the Fund enables its beneficiaries to receive vacation and recreational benefits, childcare facilities, and education or training opportunities, thus enhancing their quality of life and overall well-being.
The Hrsa-Ila Welfare Fund’s proactive approach helps maintain income for employees during challenging times, providing supplemental unemployment compensation and income maintenance payments. This holistic support system not only contributes to financial stability but also fosters a sense of community and security among the longshore workforce and their families, effectively addressing their diverse needs and challenges.
This information is meant to be a general summary of Hrsa-Ila Welfare 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 2023.
- Investment Income: $316
- Program Service Revenue: $7
- Gross Receipts: $323
Assets and Liabilities:
- Total Assets: $477,533
- Total Liabilities: $16,177
- Net Assets: $461,356
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Organization Details
Founding Year
1948
Principal Officer
Steve Greene
NTEE Category
Code: T20I - Philanthropy
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