Northern New Jersey Teamsters Benefit Plan

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

EIN: 226082349 ✦ North haledon, NJ ✦ Designated as a 501(c)(9)

Overview

What is Northern New Jersey Teamsters Benefit Plan?

The Northern New Jersey Teamsters Benefit Plan is a nonprofit organization administrated by a joint board of trustees, serving as its plan administrator. Established in 1982, it provides health and welfare benefits to its participants, covering various aspects such as life insurance, hospitalization, major medical, optical, dental, and prescription drugs. Since 1982, the organization has also taken initiative to create an educational fund to support educational programs for its members and their families. In 1990, the plan became self-insured for certain benefits. With a roster of approximately 1,692 members, the Northern New Jersey Teamsters Benefit Plan continues to prioritize the wellbeing of its participants.


Is Northern New Jersey Teamsters Benefit Plan legitimate?

Northern New Jersey Teamsters Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northern New Jersey Teamsters Benefit 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: $143,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $800,191

For more financial information, click here


What is the mission statement of Northern New Jersey Teamsters Benefit Plan?
Who is the CEO of Northern New Jersey Teamsters Benefit Plan?
What is the revenue of Northern New Jersey Teamsters Benefit Plan?
Who are the executives of Northern New Jersey Teamsters Benefit Plan and what are their salaries?
Where can I find the form 990 for Northern New Jersey Teamsters Benefit Plan?

Mission Statement of Northern New Jersey Teamsters Benefit Plan

The Northern New Jersey Teamsters Benefit Plan is a welfare benefit provider that plays a significant role in enhancing the lives of its participants. Established by a joint board of trustees who act as its administrator, the Plan offers a range of health and welfare benefits to its members. These benefits include coverage for life insurance, hospitalization, major medical care, optics, dental services, and prescription drugs.

Since its inception on January 1, 1982, the Plan has been committed to enriching the lives of its members and their families. In line with this commitment, the Plan founded an Educational Fund, a program designed to provide educational assistance to members and their families. This marked a remarkable milestone in the Plan's history, further emphasizing its dedication to empowering its community.

In the year 1990, the Plan took a major step towards self-insurance, assuming responsibility for certain benefits in its portfolio. With this move, the Plan demonstrated its financial stability and its unwavering commitment to its members. The Plan currently caters to approximately 1,692 members, making a positive impact on their lives every day.

Impact

This information is meant to be a general summary of Northern New Jersey Teamsters Benefit Plan. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of the Northern New Jersey Teamsters Benefit Plan is evident in the provision of crucial health and welfare benefits to its participants. By offering coverage for life insurance, hospitalization, major medical expenses, optical and dental services, as well as prescription drugs, the plan plays a significant role in safeguarding the well-being of approximately 1,692 members. Furthermore, the establishment of an educational fund underscores their commitment to not only addressing immediate health needs but also empowering members and their families through educational programs. This self-insured plan, administered by a joint board of trustees, exemplifies the dedication to mutual benefit and support within the community.





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 2023.

  • Investment Income: $-1,214,674
  • Program Service Revenue: $32,902,523
  • Gross Receipts: $61,469,530

    • Assets and Liabilities:
  • Total Assets: $46,397,600
  • Total Liabilities: $3,364,366
  • Net Assets: $43,033,234
  • Programs

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

    EMPLOYERS' CONTRIBUTIONS

    Revenue

    $32,526,722

    ADMINISTRATION FEES

    Revenue

    $234,550

    COBRA CONTRIBUTIONS

    Revenue

    $141,251

    Organization Details

    Founding Year

    1968

    Principal Officer

    Michael Cur

    Main Address

    810 BELMONT AVENUE SUITE 100, NORTH HALEDON, NJ, 075082396

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Northern New Jersey Teamsters Benefit Plan and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.