Teamsters Local No 1150 Prescription Drug Benefit Fund

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

EIN: 800499402 ✦ Wallingford, CT ✦ Designated as a 501(c)(9)

Overview

What is Teamsters Local No 1150 Prescription Drug Benefit Fund?

Teamsters Local No 1150 Prescription Drug Benefit Fund is a charity based in Wallingford, Connecticut. Specifically focused on Teamsters Local Union 1150 members and their dependents employed at Sikorsky Aircraft, this organization offers prescription benefits. The primary mission is to ensure eligible individuals have access to essential medications, contributing to their overall well-being.


Is Teamsters Local No 1150 Prescription Drug Benefit Fund legitimate?

Teamsters Local No 1150 Prescription Drug Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local No 1150 Prescription Drug Benefit 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: $0

For more financial information, click here


What is the mission statement of Teamsters Local No 1150 Prescription Drug Benefit Fund?
Who is the CEO of Teamsters Local No 1150 Prescription Drug Benefit Fund?
What is the revenue of Teamsters Local No 1150 Prescription Drug Benefit Fund?
Who are the executives of Teamsters Local No 1150 Prescription Drug Benefit Fund and what are their salaries?
Where can I find the form 990 for Teamsters Local No 1150 Prescription Drug Benefit Fund?

Mission Statement of Teamsters Local No 1150 Prescription Drug Benefit Fund

Teamsters Local No 1150 Prescription Drug Benefit Fund is a mission-driven organization that focuses on providing essential prescription benefits to eligible members and dependents of Teamsters Local Union 1150 employed at Sikorsky Aircraft. This fund serves as a vital support system, ensuring that these individuals have access to necessary medications, thereby enhancing their overall well-being.

In more detail, the Teamsters Local No 1150 Prescription Drug Benefit Fund plays a pivotal role in enhancing the healthcare experience of its members. By offering prescription benefits, it enables them to manage their health conditions effectively and maintain a good quality of life. The fund's commitment extends beyond just covering prescription costs, as it also ensures that the members have access to a comprehensive array of medications to address various health concerns. This not only benefits the individuals themselves but also their families, as they often play a crucial role in caring for their loved ones. The fund's mission lies in fostering a healthier community by alleviating the financial burden of prescription costs, and thereby empowering its members to focus on their recovery and wellbeing.

Impact

This information is meant to be a general summary of Teamsters Local No 1150 Prescription Drug Benefit Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Teamsters Local No 1150 Prescription Drug Benefit Fund's impact is significant in providing essential prescription benefits to members of Teamsters Local Union 1150 employed at Sikorsky Aircraft. By offering these benefits to eligible members and their dependents, the fund plays a crucial role in ensuring access to necessary medications for those working in the aerospace industry. This support not only helps improve the health and well-being of individuals and their families but also contributes to the overall productivity and stability of the workforce at Sikorsky Aircraft.





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: $116,214
  • Program Service Revenue: $13,207,591
  • Gross Receipts: $20,282,843

    • Assets and Liabilities:
  • Total Assets: $10,981,826
  • Total Liabilities: $1,022,834
  • Net Assets: $9,958,992
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $10,960,749

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $2,162,517

    COBRA CONTRIBUTIONS

    Revenue

    $84,325

    Organization Details

    Founding Year

    2009

    Principal Officer

    Rocco Calo

    Main Address

    PO BOX 5817, WALLINGFORD, CT, 06492

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Teamsters Local No 1150 Prescription Drug Benefit 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.