Local 342 Insurance Trust C O Galvin Murphy

Organization Overview

Local 342 Insurance Trust C O Galvin Murphy is located in Shirley, NY. The organization was established in 1977. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Local 342 Insurance Trust C O Galvin Murphy employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 342 Insurance Trust C O Galvin Murphy is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Local 342 Insurance Trust C O Galvin Murphy generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CONTRIBUTIONS PROVIDE DENTAL, VISION, WELLNESS, ST DISABILITY, LEGAL SERVICES & LIFE INSURANCE BENEFITS FOR THEIR EMPLOYEES WHO ARE PARTICIPANTS IN THE FUND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS PROVIDE DENTAL, VISION, WELLNESS, ST DISABILITY, LEGAL SERVICES & LIFE INSURANCE BENEFITS FOR THEIR EMPLOYEES WHO ARE PARTICIPANTS IN THE FUND.


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Board, Officers & Key Employees

Name (title)Compensation
James Mazzarella
Fund Administrator
$172,725
William Hennessey
Trustee
$0

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$1,078,567
Investment income $50,900
Tax Exempt Bond Proceeds $7,837
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $33,803
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,218,446

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