Pasadena Firefighters Association Benefit Trust

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

EIN: 957045890 ✦ Mulkiteo, WA ✦ Designated as a 501(c)(9)

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Overview

What is Pasadena Firefighters Association Benefit Trust?

The Pasadena Firefighters Association Benefit Trust is a nonprofit organization, specifically a post-retirement medical trust fund, situated in Mulkiteo, Washington. Its primary objective is to support eligible retirees, their surviving spouses, and dependents by contributing towards their premium costs for medical coverage, starting from September 1, 2001. This financial aid is made possible through contributions from both employers and employees within the Pasadena Fire Fighters' Association Local 809.

Is Pasadena Firefighters Association Benefit Trust legitimate?

Pasadena Firefighters Association Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pasadena Firefighters Association Benefit 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 Pasadena Firefighters Association Benefit Trust?

The Pasadena Firefighters Association Benefit Trust was established with a mission to assist eligible retirees, surviving spouses, and dependents by covering a portion or the entirety of their premium costs for medical coverage. This post-retirement medical trust fund receives contributions from both employers and employees. The purpose of this trust is to provide financial aid to approximately 250 beneficiaries, starting from September 1, 2001. The trust aims to alleviate the financial burden of medical premiums for its beneficiaries, ensuring they maintain their health and well-being after retirement.

Who is the CEO of Pasadena Firefighters Association Benefit Trust?

Victor Lazaryan is the Trustee of Pasadena Firefighters Association Benefit Trust.

What is the revenue of Pasadena Firefighters Association Benefit Trust?

Pasadena Firefighters Association Benefit Trust's revenue in 2022 was $876,436.

Who are the executives of Pasadena Firefighters Association Benefit Trust and what are their salaries?


Here are 5 key members and their salaries:


Josef Konrad (Trustee)
  • Compensation: $0
  • Related: $226,601
  • Other: $92,737
Victor Lazaryan (Chairman)
  • Compensation: $0
  • Related: $194,686
  • Other: $98,028
Chien Yu (Trustee)
  • Compensation: $0
  • Related: $173,442
  • Other: $90,230
Kari Jenkins (Trustee)
  • Compensation: $0
  • Related: $165,436
  • Other: $78,740
Scott Austin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pasadena Firefighters Association Benefit Trust?

Pasadena Firefighters Association Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pasadena Firefighters Association Benefit Trust

The Pasadena Firefighters Association Benefit Trust was established with a mission to support eligible retirees, their surviving spouses, and dependents by covering a portion or the entirety of their premium costs for medical benefits. This non-profit organization, known as the Pasadena Fire Fighters' Association Local 809 Benefit Trust, was established as a post-retirement medical trust fund. The trust receives contributions from both employers and employees, with the primary objective of funding benefits that help reimburse the premium costs for approximately 250 eligible retirees, their surviving spouses, and dependents, starting from September 1, 2001. The trust's mission is crucial in providing financial assistance to these individuals, ensuring they have access to necessary medical benefits post-retirement.

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Impact




October, 2024

Pasadena Firefighters Association Benefit Trust plays a crucial role in supporting the health and well-being of approximately 250 eligible retirees, surviving spouses, and dependents. By covering a portion or all of premium costs, the trust alleviates financial burdens associated with healthcare, ensuring that these individuals can access necessary medical services without undue stress. This funding allows retirees to enjoy a more secure and comfortable post-retirement life, reflecting the community's commitment to those who have served in the firefighting profession.

The trust was established as a way to manage contributions from both employers and employees, aiming to create a sustainable resource for benefits. Its impact extends beyond financial support; it fosters a sense of security and appreciation for the dedicated service provided by firefighters throughout their careers. Ultimately, the Pasadena Firefighters Association Benefit Trust enhances the quality of life for those who have devoted their lives to public safety, reinforcing the value of community and mutual support.




This information is meant to be a general summary of Pasadena Firefighters Association Benefit 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.

Revenue
$876,436 (2022)
Expenses
$796,805 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $312,596
  • Program Service Revenue: $561,340
  • Gross Receipts: $4,481,622

Assets and Liabilities:

  • Total Assets: $7,423,178
  • Total Liabilities: $25,147
  • Net Assets: $7,398,031

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Programs

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

Employer Contribution

Revenue

$561,340

Organization Details

Founding Year

1998

Principal Officer

Victor Lazaryan

Main Address

PO Box 6, Mulkiteo, WA, 98275

NTEE Category

Code: Y43 - Mutual benefit

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