International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund

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

EIN: 136701607 ✦ New york, NY ✦ Designated as a 501(c)(9)

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Overview

What is International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund?

The International Brotherhood of Teamsters Local 237 Retirees Benefit Fund is a nonprofit organization based in New York City, specifically located at 216 WEST 14th ST, NY 10011. This organization provides a range of welfare benefits to eligible members and their dependents, covered under collectively bargained labor contracts negotiated by City Employees Local Union 237 I.B.T. The benefits include prescription drug coverage, dental, optical, hearing aid, death, legal services, supplemental medical, retirement planning, pension counseling, and education. In essence, the Fund aims to enhance the well-being of its members by offering various essential services and resources.


Official website here: www.local237.org

What do the Facebook reviews say about International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund?

54% of reviewers on Facebook recommend the International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund. Here is a summary of their reviews:

A significant portion of the feedback reflects disappointment and dissatisfaction with the organization. Numerous members mention issues of unresponsiveness, including representatives hanging up during calls and a lack of follow-through on promises made. This has led to a sense of frustration among former members, who feel that their concerns are not addressed adequately.

Overall, the sentiment leans toward negative, with criticisms centered around communication and reliability. While a minority may find some value in the services, the prevailing opinion among those who expressed their experiences suggests that the nonprofit has room for improvement in meeting its members' needs.


This AI summary has been generated from reviews found on Facebook.

Is International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund legitimate?

International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Brotherhood Of Teamsters Local 237 Retirees Benefit 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: $1,098,733

For more financial information, click here


Official website here: www.local237.org

What is the mission statement of International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund?

The International Brotherhood of Teamsters Local 237 Retirees Benefit Fund is dedicated to extending various welfare benefits to eligible members and their dependents. These benefits, collectively bargained through labor contracts negotiated by City Employees Local Union 237 I.B.T., encompass prescription drug coverage, dental care, optical services, hearing aid assistance, death benefits, legal services, supplemental medical plans, retirement planning, pension counseling, and education. By offering this comprehensive range of benefits, the Fund aims to support the wellbeing and financial security of its members and their families.


Official website here: www.local237.org

Who is the CEO of International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund?

Gregory Floyd is the Trustee of International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund.


Official website here: www.local237.org

What is the revenue of International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund?

International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund's revenue in 2022 was $29,819,103.


Official website here: www.local237.org

Who are the executives of International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund and what are their salaries?


Here are 7 key members and their salaries:


Gregory Floyd (Trustee)
  • Compensation: $0
  • Related: $250,694
  • Other: $18,153
Ruben Torres (Trustee)
  • Compensation: $0
  • Related: $178,805
  • Other: $12,335
Derek Jackson (Trustee)
  • Compensation: $0
  • Related: $190,378
  • Other: $20,821
Jeanette Tavares (Trustee)
  • Compensation: $0
  • Related: $184,366
  • Other: $36,271
Dwayne Montgomery (Trustee)
  • Compensation: $0
  • Related: $185,746
  • Other: $21,914
Donald Arnold (Trustee)
  • Compensation: $0
  • Related: $243,190
  • Other: $17,560
Julie Kobi (Co-Director)
  • Compensation: $158,400
  • Related: $0
  • Other: $40,348


Official website here: www.local237.org

Where can I find the form 990 for International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund?

International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund'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 International Brotherhood Of Teamsters Local 237 Retirees Benefit Fund

The International Brotherhood of Teamsters Local 237 Retirees Benefit Fund is a charitable organization dedicated to providing welfare benefits to eligible members and their dependents. This mission stems from the labor contracts collectively bargained by City Employees Local Union 237 I.B.T.

The Fund offers a multitude of benefits designed to ensure the wellbeing of its members and their families. These benefits include prescription drug coverage, dental and optical care, hearing aid assistance, death benefits, legal services, supplementary medical plans, retirement planning resources, and pension counseling and education. By providing these essential services, the International Brotherhood of Teamsters Local 237 Retirees Benefit Fund aims to enhance the lives of eligible members and their dependents.

The Fund's commitment to its members extends beyond basic healthcare and financial planning. It also offers a retirement planning program, equipping members with the knowledge and tools they need to prepare for their golden years with confidence. Additionally, the Fund provides pension counseling and education, empowering members to make informed decisions about their retirement benefits.

In summary, the International Brotherhood of Teamsters Local 237 Retirees Benefit Fund is a compassionate organization that provides various welfare benefits to eligible members and their dependents covered under collectively bargained labor contracts. Through its extensive range of services, the Fund is dedicated to improving the lives of its members and ensuring their financial and emotional wellbeing.

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Impact




October, 2024

The International Brotherhood of Teamsters Local 237 Retirees Benefit Fund significantly enhances the quality of life for its eligible members and their dependents by offering a comprehensive array of welfare benefits. These benefits include essential services such as prescription drug coverage, dental and optical care, hearing aid support, and legal services.

By providing supplemental medical assistance and resources for retirement planning, the fund addresses the varying needs of retirees, ensuring they have access to vital healthcare and support as they transition into retirement. Furthermore, pension counseling and education benefits help members navigate their financial futures, empowering them with the knowledge and tools needed for effective retirement planning.

Overall, this fund plays a crucial role in safeguarding the well-being of retirees and their families, reflecting a commitment to their long-term health and security. Its impact resonates throughout the community, fostering a supportive environment for those who have served in roles negotiated under the collective bargaining agreements of the City Employees Local Union 237 I.B.T.




This information is meant to be a general summary of International Brotherhood Of Teamsters Local 237 Retirees Benefit 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
$29,819,103 (2022)
Expenses
$24,472,787 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,367,300
  • Program Service Revenue: $25,364,395
  • Gross Receipts: $91,171,366

Assets and Liabilities:

  • Total Assets: $68,304,779
  • Total Liabilities: $3,367,764
  • Net Assets: $64,937,015

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$21,246,826

MEDICARE REFUNDS

Revenue

$4,068,593

COBRA CONTRIBUTIONS

Revenue

$48,976

Organization Details

Founding Year

1975

Principal Officer

Gregory Floyd

Main Address

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

NTEE Category

Code: J40 - Employment

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