Teamsters Multi-Benefit Trust

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

EIN: 936231741 ✦ Los angeles, CA ✦ Designated as a 501(c)(9)

Overview

What is Teamsters Multi-Benefit Trust?

The Teamsters Multi-Benefit Trust is a multi-employer welfare plan based in Los Angeles, California. This nonprofit organization offers eligible active employees and their dependents a range of benefits including medical, dental, vision, chiropractic, counseling, legal, death, and accidental death and dismemberment coverage. The Trust's mission is to provide these comprehensive benefits to members who are covered under collective bargaining agreements between their unions and employers.


Is Teamsters Multi-Benefit Trust legitimate?

Teamsters Multi-Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Multi-Benefit Trust 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 Multi-Benefit Trust?
Who is the CEO of Teamsters Multi-Benefit Trust?
What is the revenue of Teamsters Multi-Benefit Trust?
Who are the executives of Teamsters Multi-Benefit Trust and what are their salaries?
Where can I find the form 990 for Teamsters Multi-Benefit Trust?

Mission Statement of Teamsters Multi-Benefit Trust

The Teamsters Multi-Benefit Trust, often referred to as the "Plan," is a multi-employer welfare plan that offers various benefits to eligible active employees and their dependents. The organization's primary focus is on providing medical, dental, vision, chiropractic, counseling, legal, death, and accidental death and dismemberment benefits.

In simple terms, the Teamsters Multi-Benefit Trust acts as a comprehensive health and welfare benefits provider for its members. These members are individuals who are covered under collective bargaining agreements between unions and employers. The Plan's mission is to ensure that its members have access to essential benefits that cater to their medical, dental, and vision needs, as well as mental health support through counseling and legal assistance. In doing so, the Teamsters Multi-Benefit Trust plays a vital role in enhancing the quality of life for its members and their families.

By pooling resources from multiple employers, the Trust is able to offer a broad range of benefits that may not be accessible to individual employees or smaller organizations. This collaborative approach allows the Teamsters Multi-Benefit Trust to provide a more extensive and cost-effective coverage solution. Ultimately, the Trust's mission is to create a safety net for its members, offering them peace of mind and financial security during times of need.

Impact

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




Thursday, August 15, 2024

Teamsters Multi-Benefit Trust positively impacts eligible active employees and their dependents by providing essential health and welfare benefits. These benefits include medical, dental, vision, chiropractic, counseling, legal, and death and accidental death and dismemberment benefits. By offering these services, the Trust plays a vital role in supporting the well-being and quality of life of its members who are covered by collective bargaining agreements between the union and employers.





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: $146,564
  • Program Service Revenue: $22,616,848
  • Gross Receipts: $25,471,412

    • Assets and Liabilities:
  • Total Assets: $14,409,925
  • Total Liabilities: $1,070,049
  • Net Assets: $13,339,876
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $22,574,807

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $34,011

    LIQUIDATED DAMAGES

    Revenue

    $8,030

    Organization Details

    Founding Year

    1974

    Principal Officer

    Rick Middleton

    Main Address

    1200 WILSHIRE BLVD 5TH FLOOR, LOS ANGELES, CA, 90017

    NTEE Category

    Code: Y40 - Mutual benefit

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