Overview
What is Teamsters Local Union No 408 Ib Of T Welfare Fund?
Teamsters Local Union No 408 Ib Of T Welfare Fund is a nonprofit organization located at 1907 Morris Avenue, Union, New Jersey. Its primary mission is to offer health and welfare benefits to its participants and their eligible dependents. With a team of four employees, this fund is committed to providing these essential benefits to its members, contributing to their overall well-being. The organization's activities are centered around this mission, ensuring that its participants have access to the necessary support.
Is Teamsters Local Union No 408 Ib Of T Welfare Fund legitimate?
Teamsters Local Union No 408 Ib Of T Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local Union No 408 Ib Of T 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: $28,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,935
For more financial information, click here
What is the mission statement of Teamsters Local Union No 408 Ib Of T Welfare Fund?
The Teamsters Local Union No 408 Ib Of T Welfare Fund's mission is centered around providing health and welfare benefits. This organization strives to extend these benefits to its participating members and their eligible dependents. The primary objective is to enhance the overall well-being of its members by offering comprehensive health and welfare support. The Welfare Fund actively works towards improving the quality of life for its participants, ensuring they have access to necessary healthcare services and other essential welfare benefits.
Who is the CEO of Teamsters Local Union No 408 Ib Of T Welfare Fund?
Joseph Dipalma is the Trustee of Teamsters Local Union No 408 Ib Of T Welfare Fund.
What is the revenue of Teamsters Local Union No 408 Ib Of T Welfare Fund?
Teamsters Local Union No 408 Ib Of T Welfare Fund's revenue in 2022 was $3,044,750.
Who are the executives of Teamsters Local Union No 408 Ib Of T Welfare Fund and what are their salaries?
The average compensation at Teamsters Local Union No 408 Ib Of T Welfare Fund during 2022 was $17,001. There are 4 employees at Teamsters Local Union No 408 Ib Of T Welfare Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $109,512
- Other: $86,518
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $116,696
- Other: $83,711
- Compensation: $28,070
- Related: $52,130
- Other: $64,090
Where can I find the form 990 for Teamsters Local Union No 408 Ib Of T Welfare Fund?
Teamsters Local Union No 408 Ib Of T Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local Union No 408 Ib Of T Welfare Fund
Teamsters Local Union No 408 Ib Of T Welfare Fund is committed to providing health and welfare benefits to its participants. This mission is carried out by offering a range of services designed to cater to the needs of the participants and their eligible dependents. The nonprofit organization strives to ensure that those it serves have access to essential health and welfare benefits, thus enhancing their overall quality of life. By focusing on this mission, Teamsters Local Union No 408 Ib Of T Welfare Fund plays a crucial role in supporting the well-being of its members, thereby contributing positively to their communities.
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Impact
October, 2024
Teamsters Local Union No 408 Ib Of T Welfare Fund plays a significant role in enhancing the well-being of its members and their eligible dependents. By providing health and welfare benefits, the Fund addresses critical needs related to healthcare, which can alleviate financial burdens associated with medical expenses. This support fosters a healthier workforce, enabling participants to focus on their jobs without the added stress of healthcare costs. The Fund’s commitment to offering these benefits is essential for maintaining the overall health and welfare of its community, promoting a sense of security among members as they navigate life's challenges. The impact is profound, as it not only improves individual lives but also strengthens the solidarity and stability of the union as a whole.
This information is meant to be a general summary of Teamsters Local Union No 408 Ib Of T 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 2022.
- Investment Income: -$167,115
- Program Service Revenue: $3,209,295
- Gross Receipts: $23,093,296
Assets and Liabilities:
- Total Assets: $11,594,174
- Total Liabilities: $3,457
- Net Assets: $11,590,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIONS
Revenue
$3,177,206
MEMBERS' COBRA CONTRIBUTIONS
Revenue
$32,089
Organization Details
Founding Year
1960
Phone
(908) 964-9177Principal Officer
Joseph Dipalma
Main Address
1907 MORRIS AVENUE, UNION, NJ, 070833506
NTEE Category
Code: Y40 - Mutual benefit
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