Rhode Island Public Employees Health Services Fund

Organization Overview

Rhode Island Public Employees Health Services Fund is located in Providence, RI. The organization was established in 1981. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Public Employees Health Services Fund 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, Rhode Island Public Employees Health Services Fund generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.8m 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

TO PROCURE HEALTH AND RELATED BENEFITS THROUGH COLLECTIVELY BARGAINED CONTRIBUTIONS NEGOTIATED WITH AREA MUNICIPALITIES FOR THE BENEFIT OF MUNICIPAL EMPLOYEES, THEIR FAMILIES AND DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED PRESCRIPTION, VISION, LIFE INSURANCE AND OTHER HEALTH AND RELATED BENEFITS TO MUNICIPAL EMPLOYEES ACCORDING TO COLLECTIVELY BARGAINED AGREEMENTS BETWEEN PUBLIC EMPLOYEES LOCAL UNION 1033 AND VARIOUS AREA MUNICIPALITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Donald Iannazzi
Administrato
$3,050
Rikkie Maccarone
Trustee
$0
Ronald Coia
Chairperson
$0
Timothy Walsh
Treasurer
$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$7,274,312
Investment income $379,639
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $470,343
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,124,294

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