Teamsters 261 And Employers Welfare Fund

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

EIN: 251002501 ✦ New castle, PA ✦ Designated as a 501(c)(9)

Overview

What is Teamsters 261 And Employers Welfare Fund?

Teamsters #261 And Employers Welfare Fund is a nonprofit organization based in New Castle, Pennsylvania. Their primary mission is to offer medical and various health-related benefits to eligible employees and retirees of employers under a collective bargaining agreement with Teamsters Local Union No. 261 or other affiliated unions. The fund aims to provide essential health benefits to its participants.


Is Teamsters 261 And Employers Welfare Fund legitimate?

Teamsters #261 And Employers Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters #261 And Employers Welfare Fund 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: $109,563

For more financial information, click here


What is the mission statement of Teamsters 261 And Employers Welfare Fund?
Who is the CEO of Teamsters 261 And Employers Welfare Fund?
What is the revenue of Teamsters 261 And Employers Welfare Fund?
Who are the executives of Teamsters 261 And Employers Welfare Fund and what are their salaries?
Where can I find the form 990 for Teamsters 261 And Employers Welfare Fund?

Mission Statement of Teamsters 261 And Employers Welfare Fund

Teamsters #261 And Employers Welfare Fund is a nonprofit organization dedicated to extending medical and other health-related benefits to eligible participants. Established through collective bargaining agreements between Teamsters Local Union No. 261 and various employers, this fund is affiliated with the International Brotherhood of Teamsters and other local unions.

In simple terms, Teamsters #261 And Employers Welfare Fund serves as a vital safety net for employees and retirees of affiliated employers. By offering medical and health benefits, this nonprofit ensures that those it serves can access essential resources for maintaining their wellbeing. This mission is pivotal in fostering better health outcomes and enhancing the overall quality of life for the eligible individuals.

The organization's purpose is to bridge the gap in healthcare coverage for those who might not otherwise have access to it. By providing a comprehensive range of benefits, Teamsters #261 And Employers Welfare Fund plays a crucial role in safeguarding the health and well-being of its beneficiaries. The fund's commitment to ensuring the availability of healthcare benefits extends far beyond the traditional notion of medical care, reaching out to encompass various aspects of health and wellness. In doing so, it contributes significantly to the overall wellbeing of the individuals and communities it serves.

Impact

This information is meant to be a general summary of Teamsters 261 And Employers Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Teamsters 261 And Employers Welfare Fund's impact lies in providing essential medical and health-related benefits to eligible participants. By offering these benefits to eligible employees and retirees of employers who are part of a collective bargaining agreement with Teamsters Local Union No. 261, the Fund plays a crucial role in ensuring the well-being and healthcare access of its members. This support contributes to the overall welfare and security of individuals and families by helping cover medical expenses and promoting better health outcomes. The Fund's mission to provide these benefits underscores its commitment to serving the needs of its members and upholding the principles of mutual benefit 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 2022.

  • Investment Income: $295,748
  • Program Service Revenue: $35,148,555
  • Gross Receipts: $41,991,478

    • Assets and Liabilities:
  • Total Assets: $20,409,417
  • Total Liabilities: $1,644,314
  • Net Assets: $18,765,103
  • Programs

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

    CONTRIBUTIONS: EMPLOYERS

    Revenue

    $34,907,218

    CONTRIBUTIONS: INDIVIDUALS

    Revenue

    $241,337

    Organization Details

    Founding Year

    1950

    Principal Officer

    Michael Leckwart

    Main Address

    351 NORTHGATE CIRCLE B, NEW CASTLE, PA, 16105

    NTEE Category

    Code: Y43 - Mutual benefit

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