Overview
What is Ifpte Local 195 Welfare Fund?
Ifpte Local 195 Welfare Fund is a nonprofit organization based in Milltown, New Jersey, serving as a group health and life insurance benefits provider. Their primary objective is to extend these benefits to union members of Local 195 who are employed by participating employers. The plan also offers post-retirement health benefits for the members and their surviving spouses. Nine employers contribute to the fund, ensuring the continuity of these essential services.
Is Ifpte Local 195 Welfare Fund legitimate?
Ifpte Local 195 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ifpte Local 195 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ifpte Local 195 Welfare Fund?
The Ifpte Local 195 Welfare Fund, a benefits provider, is dedicated to providing group health and life insurance to its participants. These participants are primarily employees of contributing employers and union members affiliated with Local 195. The organization extends its coverage to post-retirement health benefits for its members and their surviving spouses. Nine contributing employers support the fund in its mission to provide these essential insurance services.
Who is the CEO of Ifpte Local 195 Welfare Fund?
Deborah Spencer is the Trustee of Ifpte Local 195 Welfare Fund.
What is the revenue of Ifpte Local 195 Welfare Fund?
Ifpte Local 195 Welfare Fund's revenue in 2022 was $223,056.
Who are the executives of Ifpte Local 195 Welfare Fund and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Ifpte Local 195 Welfare Fund?
Ifpte Local 195 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ifpte Local 195 Welfare Fund
Ifpte Local 195 Welfare Fund, a group health and life insurance benefits provider, is dedicated to serving its participants, primarily union members and employees of contributing employers. The organization's mission is to provide comprehensive group health and life insurance coverage. Beyond the current employment, the plan also extends post-retirement health benefits to its members and their surviving spouses. With nine participating employers contributing to the fund, Ifpte Local 195 Welfare Fund seeks to ensure the well-being of its participants by offering these essential insurance benefits, providing a safety net for their health and financial security.
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Impact
October, 2024
The Ifpte Local 195 Welfare Fund plays a crucial role in enhancing the well-being of its members by providing essential group health and life insurance benefits. Located in Milltown, NJ, the fund is designed to support employees of contributing employers and union members of Local 195. By offering comprehensive health and life insurance coverage, the fund significantly alleviates financial burdens associated with medical expenses and life events.
Moreover, the Welfare Fund extends its impact by providing post-retirement health benefits for participating members and their surviving spouses. This commitment to long-term care ensures that members can maintain a level of health security even after they leave the workforce, thereby promoting peace of mind during retirement.
With contributions from nine participating employers, the Welfare Fund not only supports individual health needs but also fosters a sense of community and mutual benefit among union members. It helps to sustain a supportive network that prioritizes the health and financial stability of its members, ultimately contributing to their overall quality of life. In summary, the Ifpte Local 195 Welfare Fund serves as a vital resource, ensuring access to necessary health and life insurance benefits that promote well-being at all stages of life.
This information is meant to be a general summary of Ifpte Local 195 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 2022.
- Investment Income: $2,518
- Program Service Revenue: $220,538
- Gross Receipts: $223,056
Assets and Liabilities:
- Total Assets: $1,604,714
- Total Liabilities: $0
- Net Assets: $1,604,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$220,538
Organization Details
Founding Year
2004
Phone
(732) 247-0350Principal Officer
Deborah Spencer
Main Address
186 N MAIN STREET, MILLTOWN, NJ, 08850
NTEE Category
Code: Y43 - Mutual benefit
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