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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,093
For more financial information, click here
What is the mission statement of Teamsters Local 653 Welfare Fund?
The Teamsters Local 653 Welfare Fund is committed to providing health benefits to the members of the sponsoring organization. This mission is carried out under the collective bargaining agreement. The fund's primary goal is to ensure the well-being of the employees by offering welfare benefits that cater to their health needs. Through this initiative, the Welfare Fund aims to contribute substantially to the overall well-being and quality of life of the members. The benefits provided under this agreement extend beyond basic healthcare coverage, enhancing the members' access to comprehensive health services and securing their peace of mind.
Who is the CEO of Teamsters Local 653 Welfare Fund?
Michael Clark is the Trustee of Teamsters Local 653 Welfare Fund.
What is the revenue of Teamsters Local 653 Welfare Fund?
Teamsters Local 653 Welfare Fund's revenue in 2022 was $33,434,574.
Who are the executives of Teamsters Local 653 Welfare Fund and what are their salaries?
The average compensation at Teamsters Local 653 Welfare Fund during 2022 was $64,698. There are 3 employees at Teamsters Local 653 Welfare Fund.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teamsters Local 653 Welfare Fund?
Teamsters Local 653 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Teamsters Local 653 Welfare Fund plays a crucial role in enhancing the well-being of its members by providing essential health benefits. By operating under a collective bargaining agreement, it ensures that employees of the sponsoring organization receive access to comprehensive welfare benefits tailored to meet their needs. The fund's mission is centered around improving the health and financial security of its members, which ultimately contributes to a more stable and productive workforce. Located in South Easton, MA, the fund serves as a vital resource for members, demonstrating a commitment to mutual benefit and solidarity within the labor community. Through these health benefits, Teamsters Local 653 Welfare Fund not only supports individual members but also promotes a healthier, more robust labor force overall.
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.
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.
- Investment Income: $1,803,729
- Program Service Revenue: $31,559,330
- Gross Receipts: $58,163,374
Assets and Liabilities:
- Total Assets: $64,239,261
- Total Liabilities: $1,274,921
- Net Assets: $62,964,340
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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) 230-7140Principal Officer
Michael Clark
Main Address
4 B HAMPDEN DRIVE, SOUTH EASTON, MA, 02375
NTEE Category
Code: Y40 - Mutual benefit
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