Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund

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

EIN: 221594458 ✦ North brunswick, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund?

Mid-Jersey Trucking Industry and Teamsters Local 701 Welfare Fund is a nonprofit organization situated in North Brunswick, New Jersey. With a workforce of seven individuals, this organization's primary mission is to provide health and welfare benefits to its participants and their eligible dependents. By offering these benefits, the fund contributes to improving the overall well-being and quality of life of those directly associated with the Mid-Jersey Trucking Industry and Teamsters Local 701.

Is Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund legitimate?

Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mid-Jersey Trucking Industry And Teamsters Local 701 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: $90,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,585

For more financial information, click here

What is the mission statement of Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund?

The Mid-Jersey Trucking Industry and Teamsters Local 701 Welfare Fund is committed to providing health and welfare benefits for its participants. This mission is carried out by offering various benefits to the participants and their eligible dependents. The fund's primary objective is to ensure the well-being and health of those associated with the mid-Jersey trucking industry, thereby enhancing their quality of life. The fund's activities are centered around extending these benefits, contributing to the overall welfare of its participants.

Who is the CEO of Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund?

Ronald Lake is the Trustee of Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund.

What is the revenue of Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund?

Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund's revenue in 2022 was $7,768,982.

Who are the executives of Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund and what are their salaries?

The average compensation at Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund during 2022 was $30,641. There are 7 employees at Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund.


Here are 11 key members and their salaries:


Ernest Soehl (Trustee)
  • Compensation: $5,000
  • Related: $130,826
  • Other: $69,493
Ronald Lake (Trustee)
  • Compensation: $0
  • Related: $119,086
  • Other: $73,891
Rocco Morongello (Trustee)
  • Compensation: $2,317
  • Related: $3,798
  • Other: $0
Anthony Sidoti (Trustee)
  • Compensation: $11,442
  • Related: $5,000
  • Other: $0
Gregorey Riggleman (Trustee)
  • Compensation: $0
  • Related: $34,492
  • Other: $12,459
Raymond Milmoe (Trustee (Former))
  • Compensation: $0
  • Related: $102,778
  • Other: $66,733
Lamar Beinhower (Trustee)
  • Compensation: $5,000
  • Related: $5,000
  • Other: $0
Wojciech Szyszko (Trustee (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Weiser (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Fischetti (Trustee)
  • Compensation: $0
  • Related: $7,362
  • Other: $1,512
Giancarlo Prezioso (Fund Manager)
  • Compensation: $67,144
  • Related: $164,442
  • Other: $47,743
Where can I find the form 990 for Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund?

Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund

Mid-Jersey Trucking Industry and Teamsters Local 701 Welfare Fund is an organization dedicated to providing health and welfare benefits for its participants. This nonprofit entity's mission is to ensure the well-being of its members and their eligible dependents by offering a range of benefits. By fulfilling this mission, the fund seeks to enhance the quality of life for those associated with the Mid-Jersey Trucking Industry and Teamsters Local 701, offering them the necessary support during challenging times. The Welfare Fund's activities are centered around providing health and welfare benefits, which can include medical, dental, and vision insurance, as well as other essential services, to its participants.

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Impact




October, 2024

The Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund significantly impacts the community by providing essential health and welfare benefits to participants and their eligible dependents. Located in North Brunswick, NJ, the fund ensures that members of the trucking industry have access to necessary healthcare services, improving their overall well-being and financial security. This support plays a crucial role in enhancing job satisfaction and stability within the industry, fostering a sense of community among workers, and contributing to a healthier workforce. By prioritizing the health needs of participants, the fund promotes a culture of mutual benefit and solidarity, leading to improved outcomes for families involved in the trucking sector.




This information is meant to be a general summary of Mid-Jersey Trucking Industry And Teamsters Local 701 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
$7,768,982 (2022)
Expenses
$8,171,526 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $382,004
  • Program Service Revenue: $7,379,185
  • Gross Receipts: $7,781,966

Assets and Liabilities:

  • Total Assets: $10,308,418
  • Total Liabilities: $162,205
  • Net Assets: $10,146,213

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Programs

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

EMPLOYERS' CONTRIBUTIO

Revenue

$7,341,735

COBRA CONTRIBUTIONS

Revenue

$26,650

RETIREES' CONTRIBUTION

Revenue

$10,800

Organization Details

Founding Year

1956

Principal Officer

Ronald Lake

Main Address

2003 US ROUTE 130 A, NORTH BRUNSWICK, NJ, 08902

NTEE Category

Code: Y40 - Mutual benefit

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