Overview
What is Teamsters Local 653 Welfare Fund?
Teamsters Local 653 Welfare Fund is a charitable organization, based in South Easton, Massachusetts, with a US address at 4 B Hampden Drive, ZIP code 02375. This nonprofit aims to provide welfare benefits to the employees of Teamsters Local 653, under the collective bargaining agreement. Their primary mission is to offer health benefits to the members of the sponsoring organization, ensuring their well-being and overall improvement in quality of life. The fund employs a team of three individuals in achieving this objective.
Is Teamsters Local 653 Welfare Fund legitimate?
Teamsters Local 653 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 653 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: $194,093
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Mission Statement of Teamsters Local 653 Welfare Fund
Teamsters Local 653 Welfare Fund is a charitable organization dedicated to extending health benefits to the members of their sponsoring union, as outlined in their collective bargaining agreement. In simpler terms, this nonprofit entity ensures the wellbeing of the workforce represented by Teamsters Local 653 by providing essential healthcare coverage.
The mission of Teamsters Local 653 Welfare Fund is twofold. Firstly, it focuses on delivering comprehensive health benefits as promised under the collective bargaining agreement. This not only safeguards the health and wellbeing of the union members but also offers them peace of mind, knowing that they and their families are covered. Secondly, the welfare fund ensures the smooth implementation of these health benefits, serving as a valuable support system for the members of Teamsters Local 653.
In essence, Teamsters Local 653 Welfare Fund plays a vital role in enhancing the quality of life for the union members by providing them with vital healthcare coverage. By adhering to the terms of the collective bargaining agreement, the fund acts as a testament to the organization's commitment towards the welfare of its members, fostering a strong sense of community and mutual support.
Impact
This information is meant to be a general summary of Teamsters Local 653 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 Local 653 Welfare Fund has a direct impact on the well-being of its members by providing health benefits under the collective bargaining agreement. This ensures that employees have access to essential healthcare coverage, thereby promoting their health and financial security. This support plays a crucial role in maintaining the overall welfare and satisfaction of the workforce within the sponsoring organization.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$30,747,778
EMPLOYEE CONTRIBUTIONS
Revenue
$811,552
Organization Details
Founding Year
1952
Phone
(508) 230-7140
Principal Officer
Michael Clark
Main Address
4 B HAMPDEN DRIVE, SOUTH EASTON, MA, 02375
NTEE Category
Code: Y40 - Mutual benefit
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