Trustees Of Teamster Members Retirement Plan

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

EIN: 362164320 ✦ Carol stream, IL ✦ Designated as a 501(c)(18)

Overview

What is Trustees Of Teamster Members Retirement Plan?

Trustees Of Teamster Members Retirement Plan is a nonprofit organization based in Carol Stream, Illinois, specifically located at 455 Kehoe Boulevard Suite 100. This organization functions as a multiple union pension program, dedicated to providing benefits for its participants based on their contributions. With a workforce of six employees, the Trustees Of Teamster Members Retirement Plan aims to secure the financial future of its union members, ensuring they receive the rewards of their labor during retirement.


Official website here: www.teamstermrp.org

Is Trustees Of Teamster Members Retirement Plan legitimate?

Trustees Of Teamster Members Retirement Plan is a legitimate nonprofit organization registered as a 501(c)(18) entity. Trustees Of Teamster Members Retirement 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 tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $206,311
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,766

For more financial information, click here


Official website here: www.teamstermrp.org

What is the mission statement of Trustees Of Teamster Members Retirement Plan?

The Trustees Of Teamster Members Retirement Plan functions as a pension program for union members. Its mission revolves around providing benefits to participants based on their contributions. The organization ensures that each participant receives the retirement benefits they are entitled to, as a result of their past contributions. Through this pension plan, union members can secure a steady financial foundation for their retirement years. The Trustees prioritize maintaining a reliable system to manage and distribute these benefits, ensuring the well-being of its members in their later years. The program's primary goal is to provide financial security and peace of mind for union members, making their golden years more comfortable and worry-free.


Official website here: www.teamstermrp.org

Who is the CEO of Trustees Of Teamster Members Retirement Plan?

Maggie Peck is the Chairman, Board Of Trustee of Trustees Of Teamster Members Retirement Plan.


Official website here: www.teamstermrp.org

What is the revenue of Trustees Of Teamster Members Retirement Plan?

Trustees Of Teamster Members Retirement Plan's revenue in 2022 was $64,567,329.


Official website here: www.teamstermrp.org

Who are the executives of Trustees Of Teamster Members Retirement Plan and what are their salaries?

The average compensation at Trustees Of Teamster Members Retirement Plan during 2022 was $84,013. There are 6 employees at Trustees Of Teamster Members Retirement Plan.

Here are 10 key members and their salaries:

    Lawrence Mitchell (Former Executive Director)
  • Compensation: $165,894
  • Related: $0
  • Other: $40,417

    • Carrie Paragon (Interim Executive Director)
  • Compensation: $100,504
  • Related: $0
  • Other: $28,118

    • Patrick Lopresti (Chairman, Board Of Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Moore (Vice Chairman, Board Of Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Stafford (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Perry Kettner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Inemer Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Consolino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Israel Castro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Nowak (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.teamstermrp.org

    Where can I find the form 990 for Trustees Of Teamster Members Retirement Plan?

    The Trustees Of Teamster Members Retirement Plan’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.teamstermrp.org

    Learn more at the official website: www.teamstermrp.org

    Mission Statement of Trustees Of Teamster Members Retirement Plan

    Trustees of Teamster Members Retirement Plan is a multiple union pension program that provides benefits to its participants based on their contributions. In simpler terms, this nonprofit organization serves as a safety net for workers in various unions, offering financial security through retirement plans.

    By collecting and managing funds from union members' payroll deductions, the Trustees of Teamster Members Retirement Plan ensures that participants receive the retirement benefits they are entitled to. The organization's mission is geared towards delivering on the promises made to union workers, enabling them to enjoy a comfortable retirement after years of dedicated service.

    Central to the Trustees of Teamster Members Retirement Plan's operations is the belief that every union worker deserves a secure financial future. By pooling resources from multiple unions, the organization is able to leverage the collective power of its members to negotiate favorable retirement plans and investment opportunities. Moreover, the Trustees of Teamster Members Retirement Plan is committed to ensuring transparency and fairness in its operations, providing regular updates to participants about their account balances and retirement benefits.

    In essence, the Trustees of Teamster Members Retirement Plan functions as a vital bridge between union workers and their retirement goals, providing a steady source of income and financial stability for its participants. Through its mission of delivering on the promises made to union workers, the organization fosters a sense of trust, security, and confidence among its members, allowing them to focus on their careers and personal lives with peace of mind.

    Impact

    This information is meant to be a general summary of Trustees Of Teamster Members Retirement 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 Trustees Of Teamster Members Retirement Plan is in providing multiple union members with a pension program that offers benefits based on their contributions. This initiative aims to support participants in securing their financial futures through a mutual benefit arrangement.





    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: $40,589,468
  • Program Service Revenue: $10,546,773
  • Gross Receipts: $447,846,457

    • Assets and Liabilities:
  • Total Assets: $709,032,698
  • Total Liabilities: $787,854
  • Net Assets: $708,244,844
  • Programs

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

    CONTRIBUTIONS FROM MEMBERS

    Revenue

    $10,546,773

    Organization Details

    Founding Year

    1950

    Principal Officer

    Maggie Peck

    Main Address

    455 KEHOE BOULEVARD SUITE 100, CAROL STREAM, IL, 60188

    NTEE Category

    Code: Y30 - Mutual benefit

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