Sarasota Firefighters' Insurance Trust Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 650404976 ✦ Venice, FL ✦ Designated as a 501(c)(9)

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Overview

What is Sarasota Firefighters' Insurance Trust Fund?

The Sarasota Firefighters' Insurance Trust Fund is a nonprofit organization situated in Venice, Florida. Its primary objective is to offer medical expense reimbursements and supplemental disability benefits to its participating members. Established with a mission to provide health and medical as well as disability reimbursements or benefits, the Trust Fund aims to support firefighters and potentially other eligible individuals in managing their medical costs and ensuring financial stability during periods of disability.

Is Sarasota Firefighters' Insurance Trust Fund legitimate?

Sarasota Firefighters' Insurance Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sarasota Firefighters' Insurance Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Sarasota Firefighters' Insurance Trust Fund?

The Sarasota Firefighters' Insurance Trust Fund's primary mission is to extend medical expense reimbursements and supplemental disability benefits to its participants. The fund serves as a resource, providing financial assistance during times of health or disability-related difficulties for its members. The trust fund's objective is to alleviate some of the financial burden associated with these situations, thereby offering support and financial security to its participants.

Who is the CEO of Sarasota Firefighters' Insurance Trust Fund?

Philip W Vets is the Chairman of Sarasota Firefighters' Insurance Trust Fund.

What is the revenue of Sarasota Firefighters' Insurance Trust Fund?

Sarasota Firefighters' Insurance Trust Fund's revenue in 2022 was $6,912,515.

Who are the executives of Sarasota Firefighters' Insurance Trust Fund and what are their salaries?


Here are 5 key members and their salaries:


Philip W Vets (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Baker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Flynn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnny R Rigney Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Scarborough (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sarasota Firefighters' Insurance Trust Fund?

Sarasota Firefighters' Insurance Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sarasota Firefighters' Insurance Trust Fund

The Sarasota Firefighters' Insurance Trust Fund is committed to providing health and medical as well as disability reimbursements and benefits to its participants. Its mission is to offer financial assistance in the form of medical expense reimbursements and supplemental disability benefits, aiming to support the well-being of its members. This trust fund serves as a safety net, providing essential financial aid during times of medical or disability-related challenges.

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Impact




October, 2024

The Sarasota Firefighters' Insurance Trust Fund significantly impacts the health and financial well-being of its participants by providing crucial health, medical, and disability reimbursements and benefits. By supplying medical expense reimbursements, the Trust Fund alleviates the financial burden that often accompanies healthcare costs, ensuring that firefighters have access to necessary medical services without overwhelming out-of-pocket expenses. Additionally, offering supplemental disability benefits serves to support those who find themselves unable to work due to injuries or health-related issues, thereby providing a safety net for these essential community members. Ultimately, the Trust Fund enhances the quality of life for firefighters in Venice, FL, fostering greater security and stability for them and their families.




This information is meant to be a general summary of Sarasota Firefighters' Insurance Trust 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.

Revenue
$6,912,515 (2022)
Expenses
$2,219,193 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,691,965
  • Program Service Revenue: $2,220,550
  • Gross Receipts: $6,912,515

Assets and Liabilities:

  • Total Assets: $45,915,617
  • Total Liabilities: $43,265
  • Net Assets: $45,872,352

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$2,172,226

PARTICIPANT CONTRIBUTIONS

Revenue

$48,324

Organization Details

Founding Year

1993

Principal Officer

Philip W Vets

Main Address

740 COMMERCE DRIVE UNIT 1, VENICE, FL, 34292

NTEE Category

Code: Y44 - Mutual benefit

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