Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund

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

EIN: 550422384 ✦ Charleston, WV ✦ Designated as a 501(c)(9)

Overview

What is Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?

Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund is a local, union-negotiated trust based in Charleston, West Virginia, with an address at 6810 MacCorkle Avenue SE. This nonprofit organization's primary mission is to provide health and welfare benefits for eligible participants, as outlined in collective bargaining agreements and employee payments. The trust's purpose involves receiving, preserving, and investing contributions from employers and employees to ensure the provision of essential health and welfare benefits. With a total of three employees, the fund operates area-wide to support union members.


Is Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund legitimate?

Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer-Teamsters Local Nos 175 & 505 Health & 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: $52,536

For more financial information, click here


What is the mission statement of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
Who is the CEO of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
What is the revenue of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
Who are the executives of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund and what are their salaries?
Where can I find the form 990 for Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?

Mission Statement of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund

Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund is a trust dedicated to delivering health and welfare benefits to eligible participants. Established through collective bargaining agreements, this organization receives contributions from employers and employee payments to finance its mission. The primary goal of the Fund is to preserve, invest, and allocate resources to ensure the provision of essential health and welfare services to those it serves.

In pursuit of its purpose, the Trust Fund collects and manages funds for the sole intention of enhancing the wellbeing of its participants. By pooling resources, it is able to negotiate favorable benefits and offer a comprehensive range of services tailored to its union members. The Fund's activities are centered around the well-being of its participants, as it strives to maintain and improve their overall health and quality of life.

Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund functions as a collaborative entity between employers and union members. It serves as a vital bridge, facilitating the delivery of health and welfare benefits through the collective bargaining process. Its mission is to ensure that the agreements reached between the parties are implemented effectively, providing peace of mind and security to those it serves.

Impact

This information is meant to be a general summary of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund's impact is significant in providing health and welfare benefits for eligible participants in the CHARLESTON, WV area. By receiving, preserving, and investing contributions from employers as required by collective bargaining agreements, as well as direct employee payments, the Fund plays a vital role in supporting the well-being of workers and their families. This ensures that eligible participants have access to necessary health and welfare benefits, thereby positively impacting their quality of life and overall security.





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: $-258,921
  • Program Service Revenue: $25,745,318
  • Gross Receipts: $40,817,375

    • Assets and Liabilities:
  • Total Assets: $28,256,772
  • Total Liabilities: $101,909
  • Net Assets: $28,154,863
  • Programs

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

    Employer Contributions

    Revenue

    $25,660,513

    Subsidy to Retiree Fund

    Revenue

    $43,737

    Self-Pay Premiums

    Revenue

    $41,068

    Organization Details

    Founding Year

    1959

    Principal Officer

    Frank T Litton Jr

    Main Address

    6810 MacCorkle Avenue SE, Charleston, WV, 25304

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund 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.