Nbea Health And Welfare Fund

Organization Overview

Nbea Health And Welfare Fund is located in New Bedford, MA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nbea Health And Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2023, Nbea Health And Welfare Fund generated $910.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $945.6k during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

NEW BEDFORD EDUCATORS ASSOCIATION HEALTH AND WELFARE FUND WAS ESTABLISHED TO PROVIDE DENTAL INSURANCE THRU PRE-TAX PREMIUM PAYMENTS FROM SCHOOL TEACHERS IN THE NEW BEDFORD PUBLIC SCHOOL SYSTEM. BOTH ACTIVE AND RETIRED TEACHERS ARE ELIGIBLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE DENTAL INSURANCE TO ALL PARTICIPATING MEMBERS. ONLY NEW BEDFORD PUBLIC SCHOOL TEACHERS, EITHER BEING ACTIVE OR RETIRED, ARE ELIGIBLE. THERE WERE 1,107 PARTICIPANTS AT FISCAL YEAR END JUNE 30,2022.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$908,405
Investment income $182
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $910,162

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