Overview
What is The 170 Group Insurance Benefits Trust?
The 170 Group Insurance Benefits Trust is a nonprofit organization situated in Los Angeles, California. Its primary mission is to offer benefits to approximately 700 participants, who are covered under a collective bargaining agreement between a union and their employers. This nonprofit serves this group by providing various benefits, aiming to support and improve their overall well-being. The Trust operates within the guidelines of this agreement.
Is The 170 Group Insurance Benefits Trust legitimate?
The 170 Group Insurance Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The 170 Group Insurance Benefits Trust 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 The 170 Group Insurance Benefits Trust?
The 170 Group Insurance Benefits Trust's primary purpose is to extend benefits to the approximately 700 individuals who are covered under the collective bargaining agreement between the union and the employers. This organization is committed to delivering these benefits to its participants, ensuring they have the necessary support. The trust's activities are centered around the collective bargaining agreement between the union and the employers, providing benefits to those individuals who fall under this agreement. The trust aims to enhance the well-being and overall quality of life for these participants through the provision of these benefits.
Who is the CEO of The 170 Group Insurance Benefits Trust?
Mario Vega is the Co-Chair of The 170 Group Insurance Benefits Trust.
What is the revenue of The 170 Group Insurance Benefits Trust?
The 170 Group Insurance Benefits Trust's revenue in 2022 was $7,798,831.
Who are the executives of The 170 Group Insurance Benefits Trust and what are their salaries?
There 2 volunteers at The 170 Group Insurance Benefits Trust.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $92,223
- Other: $4,802
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $29,265
- Other: $3,343
- Compensation: $0
- Related: $45,483
- Other: $11,008
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The 170 Group Insurance Benefits Trust?
The 170 Group Insurance Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The 170 Group Insurance Benefits Trust
The 170 Group Insurance Benefits Trust is an organization committed to providing benefits to its participants. Covered under a collective bargaining agreement between a union and employers, this nonprofit serves approximately 700 individuals. Its primary mission is to offer a range of benefits to these participants, ensuring their well-being and financial stability. The Trust's activities are centered around the collective bargaining agreement, which serves as the foundation for the benefits it provides. It is worth noting that the information provided mentions two different numbers of participants, 650 and 700. However, without additional context or clarification, it is unclear if these numbers represent different periods or if they are estimates with some overlap. Regardless, The 170 Group Insurance Benefits Trust plays a crucial role in providing essential benefits to its participants, contributing to their overall well-being.
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Impact
October, 2024
The 170 Group Insurance Benefits Trust significantly impacts the lives of approximately 650 to 700 participants by providing essential benefits in line with collective bargaining agreements between the union and employers. This support ensures that members have access to vital healthcare and other insurance benefits, fostering economic stability and peace of mind. By facilitating these benefits, the Trust enhances the overall well-being of participants, allowing them to focus on their work and families without the added stress related to healthcare costs and other necessary protections. Its role is crucial in upholding the commitments made through collective bargaining, strengthening the bond between employees and their employers, and promoting mutual benefit within the community.
This information is meant to be a general summary of The 170 Group Insurance Benefits Trust. 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: $1,815
- Program Service Revenue: $7,794,952
- Gross Receipts: $7,829,590
Assets and Liabilities:
- Total Assets: $3,483,237
- Total Liabilities: $1,906,218
- Net Assets: $1,577,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$7,777,848
COBRA SUBSIDY
Revenue
$14,086
COBRA CONTRIBUTIONS
Revenue
$3,018
Organization Details
Founding Year
1977
Phone
(562) 463-5000Principal Officer
Mario Vega
Main Address
1200 WILSHIRE BLVD 5TH FL, LOS ANGELES, CA, 900171906
NTEE Category
Code: Y40 - Mutual benefit
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