Teamsters Local 251 Health Services And Insurance Plan

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

EIN: 050271216 ✦ Providence, RI ✦ Designated as a 501(c)(9)

Overview

What is Teamsters Local 251 Health Services And Insurance Plan?

Teamsters Local 251 Health Services and Insurance Plan is a nonprofit organization based in Providence, Rhode Island, with a US address at 1201 Elmwood Avenue, 02904. The plan offers comprehensive benefits to approximately 3,505 members and their dependents, encompassing medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, employees' assistance program, income tax preparation, and prescription drug benefits. This plan also features a program of benefits tailored for eligible retirees.


Is Teamsters Local 251 Health Services And Insurance Plan legitimate?

Teamsters Local 251 Health Services And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 251 Health Services And Insurance Plan 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $431,416

For more financial information, click here


What is the mission statement of Teamsters Local 251 Health Services And Insurance Plan?
Who is the CEO of Teamsters Local 251 Health Services And Insurance Plan?
What is the revenue of Teamsters Local 251 Health Services And Insurance Plan?
Who are the executives of Teamsters Local 251 Health Services And Insurance Plan and what are their salaries?
Where can I find the form 990 for Teamsters Local 251 Health Services And Insurance Plan?

Mission Statement of Teamsters Local 251 Health Services And Insurance Plan

Teamsters Local 251 Health Services and Insurance Plan is a comprehensive health benefit provider, dedicated to offering essential medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, employees' assistance program, income tax preparation, and prescription drug benefits to eligible participants and their dependents. The organization goes beyond the basics by providing an additional program of benefits specifically designed for eligible retirees.

Providing for the medical needs of approximately 3,505 members, this health services and insurance plan acts as a safety net, ensuring that those it serves have access to vital healthcare services. The range of benefits offered caters to various aspects of an individual's wellbeing, from medical and hospitalization to dental, vision, and hearing care. Additionally, the plan extends its reach with essential services like life insurance, weekly accident and sickness coverage, long-term disability benefits, an employees' assistance program, income tax preparation, and prescription drug benefits. In doing so, Teamsters Local 251 Health Services and Insurance Plan empowers its members to focus on their health and wellbeing without the added stress of managing complex care arrangements or financial burdens.

The mission of Teamsters Local 251 Health Services and Insurance Plan is to deliver a comprehensive suite of benefits designed to support its members in maintaining their overall health and financial security. By providing a broad range of essential services, the organization enables its members to focus on their wellbeing, knowing that they are protected by a robust and reliable health services and insurance plan.

Impact

This information is meant to be a general summary of Teamsters Local 251 Health Services And Insurance Plan. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Teamsters Local 251 Health Services And Insurance Plan's impact is significant as it provides a wide range of essential benefits to approximately 3,505 members and their dependents. These benefits include medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness coverage, long-term disability benefits, employees' assistance program, income tax preparation assistance, and prescription drug benefits. Additionally, the plan offers a program of benefits for eligible retirees, ensuring that individuals and their families have access to crucial healthcare and financial protection. This comprehensive coverage plays a vital role in supporting the well-being and security of union members and their loved ones.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $3,298,082
  • Program Service Revenue: $77,902,383
  • Gross Receipts: $102,275,922

    • Assets and Liabilities:
  • Total Assets: $127,742,052
  • Total Liabilities: $346,891
  • Net Assets: $127,395,161
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $77,068,082

    RETIREE CONTRIBUTIONS

    Revenue

    $653,906

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $102,215

    COBRA STIMULUS REIMBURSEMENT

    Revenue

    $78,180

    Organization Details

    Founding Year

    1954

    Principal Officer

    Matthew G Taibi

    Main Address

    1201 ELMWOOD AVENUE, PROVIDENCE, RI, 029043799

    NTEE Category

    Code: Y40 - Mutual benefit

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