United Teamster Fund

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

EIN: 135549593 ✦ Brooklyn, NY ✦ Designated as a 501(c)(9)

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Overview

What is United Teamster Fund?

The United Teamster Fund is a nonprofit organization, located at 2137 Utica Avenue in Brooklyn, New York (NY) 11234. With a team of 18 dedicated individuals, its primary mission is to extend health and welfare benefits to eligible union members and their dependents. The fundamental purpose of this organization is to ensure the well-being of its members, providing them with crucial support.

Is United Teamster Fund legitimate?

United Teamster Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. United Teamster 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: $198,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,407,711

For more financial information, click here

What is the mission statement of United Teamster Fund?

The United Teamster Fund is dedicated to extending health and welfare benefits to eligible union members and their dependents. This organization's primary goal is to ensure the well-being of its members by providing essential benefits. Through its mission, the United Teamster Fund aims to enhance the quality of life for union members and their families by addressing their healthcare needs. The fund's commitment extends beyond just health benefits, as it strives to cater to the comprehensive welfare of its members. By providing these vital benefits, the United Teamster Fund fosters a strong and healthy union community.

Who is the CEO of United Teamster Fund?

Daniel Kane Jr is the Trustee of United Teamster Fund.

What is the revenue of United Teamster Fund?

United Teamster Fund's revenue in 2023 was $44,133,995.

Who are the executives of United Teamster Fund and what are their salaries?

The average compensation at United Teamster Fund during 2023 was $89,234. There are 18 employees at United Teamster Fund.


Here are 12 key members and their salaries:


Daniel Kane Jr (Trustee)
  • Compensation: $0
  • Related: $162,275
  • Other: $64,484
Charles Machadio (Trustee)
  • Compensation: $0
  • Related: $145,426
  • Other: $39,476
Leonardo Servedio (Trustee)
  • Compensation: $0
  • Related: $147,466
  • Other: $39,476
Vincent L Pacifico (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myra Gordon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Roy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nigel Coelho (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Rosa (Trustee)
  • Compensation: $0
  • Related: $149,216
  • Other: $39,476
Barry Reich (Fund Administrator)
  • Compensation: $169,600
  • Related: $0
  • Other: $29,016
Michael J Haft (Accounting Supervisor)
  • Compensation: $125,502
  • Related: $0
  • Other: $29,016
Bibi Amena Ahmad (Bookkeeper)
  • Compensation: $122,657
  • Related: $0
  • Other: $29,016
Belkis Henriquez (Asst To Fund Administrator)
  • Compensation: $109,562
  • Related: $0
  • Other: $29,016
Where can I find the form 990 for United Teamster Fund?

United Teamster Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of United Teamster Fund

The United Teamster Fund is a nonprofit organization dedicated to extending health and welfare benefits to eligible union members and their dependents. Established with a clear-cut mission, this entity prides itself on providing essential services that cater to the well-being of union members and their families.

In simple terms, the United Teamster Fund serves as a safety net for union members, ensuring they have access to a range of benefits designed to support their overall health and well-being. This includes, but is not limited to, health, dental, and prescription drug coverage, disability insurance, and other essential services. In doing so, the organization plays a pivotal role in fostering peace of mind and promoting stability for those it serves.

By offering these comprehensive benefits, the United Teamster Fund enables union members to focus on their professional growth and personal lives, rather than being preoccupied with concerns related to their health or that of their loved ones. This, in turn, contributes to a stronger and more productive workforce, ultimately benefiting the unions and the industries they represent. With the well-being of union members at the forefront, the United Teamster Fund stands as a vital partner in fostering success, both for individuals and the organizations they are part of.

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Impact




October, 2024

The United Teamster Fund significantly impacts eligible union members and their dependents by providing essential health and welfare benefits. This support helps improve the quality of life for countless individuals, ensuring access to healthcare services and financial security in times of need. By focusing on the well-being of union members and their families, the fund strengthens the workforce and fosters a sense of community among those it serves, ultimately contributing to a more stable and healthy society. Through its dedicated mission in Brooklyn, NY, the United Teamster Fund plays a crucial role in safeguarding the health and welfare of its beneficiaries.




This information is meant to be a general summary of United Teamster 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
$44,133,995 (2023)
Expenses
$46,398,883 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $150,510
  • Program Service Revenue: $42,442,730
  • Gross Receipts: $44,133,995

Assets and Liabilities:

  • Total Assets: $16,396,196
  • Total Liabilities: $7,472,357
  • Net Assets: $8,923,839

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$42,312,639

COBRA CONTRIBUTIONS

Revenue

$130,091

Organization Details

Founding Year

1949

Principal Officer

Daniel Kane Jr

Main Address

2137 UTICA AVENUE, BROOKLYN, NY, 11234

NTEE Category

Code: Y40 - Mutual benefit

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