Teamsters Local 277 Welfare Fund

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

EIN: 135636160 ✦ Hempstead, NY ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local 277 Welfare Fund?

Teamsters Local 277 Welfare Fund is a nonprofit organization, specifically a welfare fund, situated in Hempstead, New York. Its primary mission is to offer a comprehensive range of benefits to its members and their beneficiaries. These benefits include healthcare, prescription drugs, dental care, death coverage, and optical services. The fund is dedicated to providing hospital, surgical, major medical, prescription drug, dental, death, and optical benefits, in compliance with the rules and regulations of the plan. The fund's purpose is to support its members during various aspects of their health and well-being.

Is Teamsters Local 277 Welfare Fund legitimate?

Teamsters Local 277 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 277 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: $3,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Teamsters Local 277 Welfare Fund?

The Teamsters Local 277 Welfare Fund, as per its mission, offers hospital, surgical, major medical, prescription drug, dental, death, and optical benefits to its members and their beneficiaries. This is done in adherence to the rules and regulations of the plan, ensuring that the necessary healthcare services are provided to those who are part of the fund. The plan is committed to providing these benefits, thereby safeguarding the health and well-being of its members and their dependents. The aim is to offer comprehensive healthcare coverage, thereby ensuring that members can access necessary medical services without financial strain.

Who is the CEO of Teamsters Local 277 Welfare Fund?

Frank Asprea is the Union Trustee of Teamsters Local 277 Welfare Fund.

What is the revenue of Teamsters Local 277 Welfare Fund?

Teamsters Local 277 Welfare Fund's revenue in 2022 was $38,613.

Who are the executives of Teamsters Local 277 Welfare Fund and what are their salaries?


Here are 7 key members and their salaries:


Lawrence Cinque (Union Trustee)
  • Compensation: $0
  • Related: $94,755
  • Other: $48,194
Kevin Mccaffrey (Union Trustee)
  • Compensation: $0
  • Related: $113,149
  • Other: $48,194
Frank Celauro (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Yancigay (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas De Angelo (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Pogor (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Asprea (Fund Manager)
  • Compensation: $3,572
  • Related: $84,413
  • Other: $40,862
Where can I find the form 990 for Teamsters Local 277 Welfare Fund?

Teamsters Local 277 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Local 277 Welfare Fund

Teamsters Local 277 Welfare Fund is dedicated to providing comprehensive health benefits to its members and their beneficiaries. This nonprofit organization offers a range of services, including hospital and surgical coverage, major medical care, prescription drug benefits, dental services, death benefits, and optical care. It adheres to the rules and regulations of its plan to ensure these benefits are provided effectively and fairly. The mission of Teamsters Local 277 Welfare Fund is to promote and secure the well-being of its members by offering these essential health services, providing them with the necessary support to maintain their health and wellness.

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Impact




October, 2024

Teamsters Local 277 Welfare Fund has a significant impact on the well-being of its members and their families by providing essential health benefits. By offering hospital, surgical, and major medical coverage, along with prescription drug assistance, the fund ensures that members have access to necessary medical care without facing prohibitive costs.

Furthermore, the inclusion of dental and optical benefits enhances the overall health and quality of life for participants, addressing critical areas that often require attention but can be financially burdensome. In addition to these health services, the fund also offers death benefits, providing peace of mind to members regarding their families' financial security in the event of a loss.

The comprehensive range of benefits available through the Teamsters Local 277 Welfare Fund fosters a sense of mutual support and security within the community, promoting healthier lifestyles and reducing the financial strain associated with healthcare needs. This commitment to members’ health and welfare underscores a strong foundation of mutual benefit, ensuring that individuals are cared for throughout their lives.




This information is meant to be a general summary of Teamsters Local 277 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
$38,613 (2022)
Expenses
$129,619 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1
  • Gross Receipts: $38,613

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1955

Principal Officer

Frank Asprea

Main Address

14 FRONT ST, HEMPSTEAD, NY, 11550

NTEE Category

Code: Y40 - Mutual benefit

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