Teamsters Local 72 Welfare Fund

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

EIN: 133137609 ✦ Elmsford, NY ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local 72 Welfare Fund?

Teamsters Local 72 Welfare Fund is a nonprofit organization situated in Elmsford, New York. Its primary mission is to extend health and welfare benefits to eligible union members and their dependents. This nonprofit organization serves as a vital source of support for its union members, ensuring they have access to necessary benefits during challenging times. The Fund's activities are centered around providing these benefits, ensuring that the union members and their families have access to essential healthcare services.

Is Teamsters Local 72 Welfare Fund legitimate?

Teamsters Local 72 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 72 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: $11,551

For more financial information, click here

What is the mission statement of Teamsters Local 72 Welfare Fund?

The Teamsters Local 72 Welfare Fund is committed to providing health and welfare benefits to eligible union members and their dependents. This mission is carried out through various activities, ensuring that the beneficiaries have access to necessary health and wellness support. The fund aims to enhance the quality of life for its members by offering a range of benefits, fostering an environment of overall well-being. It serves as a vital resource for union members, providing them with essential healthcare services and support when needed.

Who is the CEO of Teamsters Local 72 Welfare Fund?

Louis A Picani is the Union Trustee of Teamsters Local 72 Welfare Fund.

What is the revenue of Teamsters Local 72 Welfare Fund?

Teamsters Local 72 Welfare Fund's revenue in 2022 was $5,305,859.

Who are the executives of Teamsters Local 72 Welfare Fund and what are their salaries?


Here are 7 key members and their salaries:


Louis A Picani (Union Trustee)
  • Compensation: $0
  • Related: $295,887
  • Other: $85,420
Joseph Sansone (Union Trustee)
  • Compensation: $0
  • Related: $233,333
  • Other: $80,723
Dominick Cassanelli Jr (Union Trustee)
  • Compensation: $0
  • Related: $209,998
  • Other: $74,909
Roger Taranto (Union Trustee)
  • Compensation: $0
  • Related: $178,464
  • Other: $66,499
Michael Jovanovic (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Kozak (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Scarsella (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Teamsters Local 72 Welfare Fund?

Teamsters Local 72 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Local 72 Welfare Fund

Teamsters Local 72 Welfare Fund is dedicated to delivering health and welfare benefits to eligible union members and their dependents. The primary objective of this organization is to ensure these individuals have access to necessary medical and wellness services, thereby enhancing their overall quality of life. By providing these benefits, Teamsters Local 72 Welfare Fund aims to support the union members and their families, fostering a sense of security and well-being within the union community.

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Impact




October, 2024

Teamsters Local 72 Welfare Fund plays a critical role in enhancing the well-being of eligible union members and their dependents by providing essential health and welfare benefits. Based in Elmsford, NY, the Fund ensures that members have access to necessary healthcare services, which can significantly alleviate financial burdens associated with medical expenses. This support reinforces the overall health of the workforce, contributing to greater job satisfaction and productivity. By focusing on mutual benefit, the Welfare Fund fosters a sense of community and solidarity among union members, ensuring that they and their families can thrive both physically and financially.




This information is meant to be a general summary of Teamsters Local 72 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.

Revenue
$5,305,859 (2022)
Expenses
$4,442,033 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $24,014
  • Program Service Revenue: $5,281,845
  • Gross Receipts: $5,305,859

Assets and Liabilities:

  • Total Assets: $6,210,175
  • Total Liabilities: $470,129
  • Net Assets: $5,740,046

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$5,280,238

COBRA CONTRIBUTIONS

Revenue

$1,607

Organization Details

Founding Year

1982

Principal Officer

Louis A Picani

Main Address

160 SOUTH CENTRAL AVENUE, ELMSFORD, NY, 10523

NTEE Category

Code: Y40 - Mutual benefit

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