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: $6,363
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.
What is the revenue of Teamsters Local 72 Welfare Fund?
Teamsters Local 72 Welfare Fund's revenue in 2023 was $5,005,745.
Who are the executives of Teamsters Local 72 Welfare Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $311,914
- Other: $85,406
- Compensation: $0
- Related: $243,304
- Other: $79,740
- Compensation: $0
- Related: $219,764
- Other: $74,566
- Compensation: $0
- Related: $187,961
- Other: $66,391
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 2023 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $110,469
- Program Service Revenue: $4,911,251
- Gross Receipts: $7,867,880
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 CONTRIBUTIONS
Revenue
$4,911,251
Organization Details
Founding Year
1982
Principal Officer
Louis A Picani
NTEE Category
Code: Y40 - Mutual benefit
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