Welfare Fund Teamsters Local 237 Ibt Gen Acct

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

EIN: 132575626 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is Welfare Fund Teamsters Local 237 Ibt Gen Acct?

Welfare Fund Teamsters Local 237 Ibt Gen Acct is a New York-based nonprofit organization dedicated to providing various welfare benefits to eligible members and their dependents. The fund, with a team of 74 employees, offers dental, drug, optical, legal, death, disability, and certain other benefits under collectively bargained labor contracts negotiated by the City Employees Local Union 237 I.B.T. The mission of this organization is to ensure that those covered under these contracts have access to essential services and support, enhancing their overall well-being.


Official website here: www.local237.org

Is Welfare Fund Teamsters Local 237 Ibt Gen Acct legitimate?

Welfare Fund Teamsters Local 237 Ibt Gen Acct is a legitimate nonprofit organization registered as a 501(c)(9) entity. Welfare Fund Teamsters Local 237 Ibt Gen Acct 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: $459,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,473,989

For more financial information, click here


Official website here: www.local237.org

What is the mission statement of Welfare Fund Teamsters Local 237 Ibt Gen Acct?

The Welfare Fund of Teamsters Local 237 IBT Gen Acct is dedicated to extending various welfare benefits to eligible members and their dependents. These benefits encompass dental, drug, optical, legal, death, and disability coverage. The fund's mission is to deliver these advantages to its members in accordance with labor contracts negotiated by the City Employees Local Union 237 I.B.T. The fund's primary goal is to enhance the overall wellbeing of its members by ensuring they have access to essential benefits that cater to their diverse needs. By providing this safety net, the fund aims to add stability and peace of mind for its members and their families.


Official website here: www.local237.org

Who is the CEO of Welfare Fund Teamsters Local 237 Ibt Gen Acct?

Gregory Floyd is the Trustee of Welfare Fund Teamsters Local 237 Ibt Gen Acct.


Official website here: www.local237.org

What is the revenue of Welfare Fund Teamsters Local 237 Ibt Gen Acct?

Welfare Fund Teamsters Local 237 Ibt Gen Acct's revenue in 2022 was $43,097,054.


Official website here: www.local237.org

Who are the executives of Welfare Fund Teamsters Local 237 Ibt Gen Acct and what are their salaries?

The average compensation at Welfare Fund Teamsters Local 237 Ibt Gen Acct during 2022 was $26,130. There are 74 employees at Welfare Fund Teamsters Local 237 Ibt Gen Acct.


Here are 12 key members and their salaries:


Ruben Torres (Trustee)
  • Compensation: $0
  • Related: $178,805
  • Other: $12,335
Jeanette Taveras (Trustee)
  • Compensation: $0
  • Related: $184,366
  • Other: $36,271
Gregory Floyd (Trustee)
  • Compensation: $0
  • Related: $250,694
  • Other: $18,153
Donald Arnold (Trustee)
  • Compensation: $0
  • Related: $243,190
  • Other: $17,560
Debbie A Coleman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Scott (Trustee)
  • Compensation: $0
  • Related: $171,961
  • Other: $45,744
Ayana A Ali (Trustee)
  • Compensation: $3,195
  • Related: $0
  • Other: $0
Mitchell Goldberg (Director)
  • Compensation: $181,892
  • Related: $0
  • Other: $58,829
Sheldon Proctor (Deputy Director)
  • Compensation: $163,649
  • Related: $0
  • Other: $54,301
Anthony Morano (Cio)
  • Compensation: $213,435
  • Related: $0
  • Other: $5,450
Mary Sheridan (Chief Attorney)
  • Compensation: $198,947
  • Related: $0
  • Other: $120,486
Kenneth Perry (Asst Chief Attorney)
  • Compensation: $169,493
  • Related: $0
  • Other: $92,198


Official website here: www.local237.org

Where can I find the form 990 for Welfare Fund Teamsters Local 237 Ibt Gen Acct?

Welfare Fund Teamsters Local 237 Ibt Gen Acct's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.local237.org

Learn more at the official website: www.local237.org

Mission Statement of Welfare Fund Teamsters Local 237 Ibt Gen Acct

Welfare Fund Teamsters Local 237 Ibt Gen Acct, a nonprofit organization, is dedicated to extending various welfare benefits to eligible members and their dependents. The mission of this entity is to deliver essential benefits such as dental, drug, optical, legal, death, and disability coverage to those individuals and their dependents who fall under the umbrella of collectively bargained labor contracts negotiated by the City Employees Local Union 237 I.B.T.

In simpler terms, Welfare Fund Teamsters Local 237 Ibt Gen Acct serves as a vital safety net for its members, ensuring they have access to crucial benefits that enhance their overall well-being. By offering these benefits, the organization bolsters the financial and health security of its members, enabling them to navigate life's challenges more effectively.

This nonprofit's commitment to its members extends beyond the basics, as it strives to provide comprehensive coverage that caters to a wide range of needs. The dental benefits, for instance, ensure that members and their families maintain good oral health, while the drug coverage provides access to necessary medications. The optical benefits enable members to access eye care and corrective lenses, while the legal benefits offer protection and advice in legal matters. Furthermore, the fund also extends coverage for death and disability, providing critical support during life's most difficult moments.

By offering these benefits, Welfare Fund Teamsters Local 237 Ibt Gen Acct plays a pivotal role in enhancing the quality of life for its members and their families. Through its unwavering dedication to its mission, the organization fosters a sense of security and stability, empowering its members to focus on their personal and professional growth while knowing they have essential support in place.

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Impact




October, 2024

The Welfare Fund Teamsters Local 237 IBT General Account plays a significant role in enhancing the quality of life for eligible members and their dependents by providing essential welfare benefits. These benefits include dental, drug, optical, legal, death, and disability support, directly addressing the varied needs of members under collectively bargained labor contracts negotiated by City Employees Local Union 237 I.B.T.

This fund ensures that members have access to vital healthcare services, which can lead to improved overall health and financial security. By offering comprehensive coverage, the fund alleviates some of the financial burdens associated with medical expenses and provides peace of mind to members and their families. The support provided not only contributes to the wellbeing of individuals but also fosters a stronger sense of community and solidarity within the workforce.

Overall, the Welfare Fund Teamsters Local 237 IBT General Account is pivotal in promoting mutual benefits that enhance the lives of city employees and uphold the values of collective bargaining.




This information is meant to be a general summary of Welfare Fund Teamsters Local 237 Ibt Gen Acct. 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.

Revenue
$43,097,054 (2022)
Expenses
$38,208,325 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $493,847
  • Program Service Revenue: $42,386,785
  • Gross Receipts: $95,334,084

Assets and Liabilities:

  • Total Assets: $73,608,924
  • Total Liabilities: $8,616,029
  • Net Assets: $64,992,895

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$42,379,344

COBRA CONTRIBUTIONS

Revenue

$7,441

Organization Details

Founding Year

1964

Principal Officer

Gregory Floyd

Main Address

216 WEST 14TH ST, NEW YORK, NY, 10011

NTEE Category

Code: Y40 - Mutual benefit

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