Overview
What is Teamsters Local 251 Health Services And Insurance Plan?
Teamsters Local 251 Health Services and Insurance Plan is a nonprofit organization based in Providence, Rhode Island, with a US address at 1201 Elmwood Avenue, 02904. The plan offers comprehensive benefits to approximately 3,505 members and their dependents, encompassing medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, employees' assistance program, income tax preparation, and prescription drug benefits. This plan also features a program of benefits tailored for eligible retirees.
Is Teamsters Local 251 Health Services And Insurance Plan legitimate?
Teamsters Local 251 Health Services And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 251 Health Services And Insurance Plan 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: $431,416
For more financial information, click here
What is the mission statement of Teamsters Local 251 Health Services And Insurance Plan?
The Teamsters Local 251 Health Services and Insurance Plan offers various benefits to eligible participants and their dependents. These benefits include medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, employees' assistance program, income tax preparation, and prescription drug benefits. The plan also provides a program of benefits for eligible retirees. The primary objective of the plan is to ensure the well-being of its members by offering comprehensive healthcare coverage and additional support services. The plan's mission is to provide essential benefits that cater to the medical, financial, and personal needs of its members, enabling them to focus on their well-being and peace of mind.
Who is the CEO of Teamsters Local 251 Health Services And Insurance Plan?
Matthew G Taibi is the Employer Trustee of Teamsters Local 251 Health Services And Insurance Plan.
What is the revenue of Teamsters Local 251 Health Services And Insurance Plan?
Teamsters Local 251 Health Services And Insurance Plan's revenue in 2022 was $81,275,922.
Who are the executives of Teamsters Local 251 Health Services And Insurance Plan and what are their salaries?
The average compensation at Teamsters Local 251 Health Services And Insurance Plan during 2022 was $86,283. There are 5 employees at Teamsters Local 251 Health Services And Insurance Plan.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $130,278
- Other: $69,458
- Compensation: $0
- Related: $124,403
- Other: $69,458
- Compensation: $0
- Related: $118,989
- Other: $69,458
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $119,430
- Related: $0
- Other: $76,593
Where can I find the form 990 for Teamsters Local 251 Health Services And Insurance Plan?
Teamsters Local 251 Health Services And Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local 251 Health Services And Insurance Plan
Teamsters Local 251 Health Services and Insurance Plan is a comprehensive health benefit provider, dedicated to offering essential medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, employees' assistance program, income tax preparation, and prescription drug benefits to eligible participants and their dependents. The organization goes beyond the basics by providing an additional program of benefits specifically designed for eligible retirees.
Providing for the medical needs of approximately 3,505 members, this health services and insurance plan acts as a safety net, ensuring that those it serves have access to vital healthcare services. The range of benefits offered caters to various aspects of an individual's wellbeing, from medical and hospitalization to dental, vision, and hearing care. Additionally, the plan extends its reach with essential services like life insurance, weekly accident and sickness coverage, long-term disability benefits, an employees' assistance program, income tax preparation, and prescription drug benefits. In doing so, Teamsters Local 251 Health Services and Insurance Plan empowers its members to focus on their health and wellbeing without the added stress of managing complex care arrangements or financial burdens.
The mission of Teamsters Local 251 Health Services and Insurance Plan is to deliver a comprehensive suite of benefits designed to support its members in maintaining their overall health and financial security. By providing a broad range of essential services, the organization enables its members to focus on their wellbeing, knowing that they are protected by a robust and reliable health services and insurance plan.
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Impact
October, 2024
Teamsters Local 251 Health Services and Insurance Plan significantly impacts the health and well-being of its members by offering a comprehensive array of benefits. By providing medical, hospitalization, dental, vision, and hearing coverage, it ensures that approximately 3,505 members and their dependents have access to essential healthcare services.
The inclusion of life insurance, weekly accident and sickness benefits, and long-term disability coverage adds layers of security for both current employees and retirees, allowing them to navigate unforeseen circumstances without financial anxiety. The program of benefits for eligible retirees further extends this support, ensuring that individuals who have dedicated years to their work continue to have access to crucial resources in their retirement.
Additionally, resources such as the Employee Assistance Program and income tax preparation services contribute to the overall quality of life for participants. By addressing both health and personal wellbeing, the plan fosters a sense of community and mutual support among its members, enhancing their quality of life while encouraging their continued participation in the workforce. Overall, the plan plays a vital role in promoting health stability and financial security for its members and their families.
This information is meant to be a general summary of Teamsters Local 251 Health Services And Insurance Plan. 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: $3,298,082
- Program Service Revenue: $77,902,383
- Gross Receipts: $102,275,922
Assets and Liabilities:
- Total Assets: $127,742,052
- Total Liabilities: $346,891
- Net Assets: $127,395,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$77,068,082
RETIREE CONTRIBUTIONS
Revenue
$653,906
PARTICIPANT CONTRIBUTIONS
Revenue
$102,215
COBRA STIMULUS REIMBURSEMENT
Revenue
$78,180
Organization Details
Founding Year
1954
Phone
(401) 467-3323Principal Officer
Matthew G Taibi
Main Address
1201 ELMWOOD AVENUE, PROVIDENCE, RI, 029043799
NTEE Category
Code: Y40 - Mutual benefit
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