Overview
What is Transit Employees Health And Welfare Fund?
The Transit Employees Health and Welfare Fund is a nonprofit organization in Boston, Massachusetts, with a focus on delivering dental, vision, and life insurance coverage to eligible participants and their dependents, as outlined in their plan of benefits. The mission of this organization is to ensure these essential benefits are accessible to the community.
What are the reviews and ratings of this charity?
The Transit Employees Health And Welfare Fund is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. Charity Navigator typically assesses nonprofits based on Accountability & Finance and Impact & Measurement, among other criteria. However, as this organization is not a 501(c)(3), these evaluations are not applicable.
The absence of a rating does not imply any specific positive or negative attributes of the Fund; it simply reflects that the organization falls outside of Charity Navigator's traditional evaluative scope. Organizations that are not 501(c)(3) are often not subject to the same public disclosure requirements, which can limit available operational and financial information.
Since no user reviews are available on GreatNonprofits, there are no additional sentiments or experiences from stakeholders to report. Thus, the overall understanding of this Fund's performance or community impact is limited to the structural and classificatory details provided.
This AI summary has been generated from information found on Charity Navigator.
Is Transit Employees Health And Welfare Fund legitimate?
Transit Employees Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Transit Employees Health And 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: $42,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Transit Employees Health And Welfare Fund?
The Transit Employees Health and Welfare Fund is dedicated to providing essential insurance benefits to eligible participants and their dependents. This non-profit organization offers dental, vision, and life insurance coverage, as well as Medicare B reimbursements. The mission is to ensure that those enrolled in the fund have access to crucial insurance services, enhancing their overall well-being and financial security. By providing these benefits, the Transit Employees Health and Welfare Fund aims to contribute significantly to the health and peace of mind of its members.
What is the revenue of Transit Employees Health And Welfare Fund?
Transit Employees Health And Welfare Fund's revenue in 2023 was $21,474,310.
Who are the executives of Transit Employees Health And Welfare Fund and what are their salaries?
Here are 11 key members and their salaries:
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- Compensation: $37,301
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Where can I find the form 990 for Transit Employees Health And Welfare Fund?
Transit Employees Health And Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Transit Employees Health And Welfare Fund
The Transit Employees Health and Welfare Fund is a mission-driven organization committed to providing essential benefits and insurance coverages for eligible participants and their dependents. In simpler terms, this nonprofit aims to extend the reach of dental, vision, and life insurance coverage, as well as Medicare B reimbursements, to those who meet the qualifications set forth in the fund's plan of benefits.
Through its dedicated efforts, the Transit Employees Health and Welfare Fund strives to enhance the overall wellbeing of its members by ensuring they have access to vital dental care, vision services, and life insurance protection. By offering these crucial benefits, the organization significantly contributes to the peace of mind and financial security of those it serves.
Moreover, the Transit Employees Health and Welfare Fund is dedicated to providing Medicare B reimbursements, which can prove invaluable in helping participants manage their healthcare costs more effectively. By offering this particular benefit, the organization demonstrates its steadfast commitment to improving the lives of its members and making a positive impact on their overall wellbeing.
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Impact
October, 2024
The Transit Employees Health and Welfare Fund significantly enhances the well-being of eligible participants and their dependents by providing essential dental, vision, and life insurance coverage. By offering these critical benefits, the Fund ensures that its members have access to necessary healthcare services, improving overall health outcomes and quality of life.
The focus on dental and vision care helps maintain participants' health and prevents potential complications associated with untreated conditions. Additionally, life insurance benefits offer financial security to families, providing peace of mind during difficult times. The Fund also facilitates Medicare B reimbursements, further easing the financial burden on seniors navigating healthcare expenses.
Operating in Boston, Massachusetts, the Fund's initiatives are tailored to serve those in the transit sector, promoting mutual benefit and community support among participants. Its comprehensive approach to health and welfare underscores the importance of accessible healthcare, reinforcing the Fund's commitment to enhancing the lives of its members.
This information is meant to be a general summary of Transit Employees Health And 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: $770,059
- Program Service Revenue: $20,704,251
- Gross Receipts: $21,474,310
Assets and Liabilities:
- Total Assets: $23,583,225
- Total Liabilities: $2,099,197
- Net Assets: $21,484,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$17,303,627
PARTICIPANT CONTRIBUTIONS
Revenue
$3,400,624
Organization Details
Founding Year
2014
Principal Officer
William Berardino
NTEE Category
Code: Y43 - Mutual benefit
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