NonprofitsWage Parity Tr

Wage Parity Tr

BROOKLYN, NY

Total revenue

$2.1M

Total expenses

$1.6M

Net assets

$1.8M

Grants received

EIN

856819623

Tax year

2024

Mission

The Wage Parity Trust ("Trust") was formed to fund benefits adopted and maintained by the Employer to comply with the Wage Parity Act. The Trust pays medical, dental, vision, prescription drug, life, accidental death & dismemberment, and health reimbursement arrangement benefits to or on behalf of Eligible Employees and their dependents who are covered by the Ultimate Care, Inc. Health and Welfare Plan ("Plan").

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$2.1M
Investment income
Other revenue
Total revenue$2.1M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$1.1M
Total expenses$1.6M
Total assets$2.7M
Net assets$1.8M

People

4 listed

NameRoleCompensation

Principal Custody Solutions

Trustee

Board

40 hrs/wk

Joseph Zimmerman

CFO

Board

5 hrs/wk

Nate Donner

COO

Board

5 hrs/wk

Cheskel Spitzer

CEO

Board

5 hrs/wk

Independent contractors

UHP Administrators

Contract Administrator

$870K

Solstice Benefits Inc

Contract Administrator

$125K

Details

EIN856819623
Subsection09
Ruling date2022-06
Formed2020
Employees0
WAGE PARITY TR — Mission, Financials & Grants Received | Grantivo