Teamsters Local No 35 Health Plans

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

EIN: 221804923 ✦ Trenton, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local No 35 Health Plans?

Teamsters Local No 35 Health Plans is a nonprofit organization that focuses on offering health and life insurance benefits to its members. These members include Teamsters Local 35 members under individual collective bargaining agreements and employees of related entities such as the Teamsters Local 35 pension plan and the union themselves. The organization's primary mission is to provide these essential health benefits, ensuring the well-being and protection of its members.


Official website here: www.teamsters35.com

Is Teamsters Local No 35 Health Plans legitimate?

Teamsters Local No 35 Health Plans is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local No 35 Health Plans 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: $124,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,995

For more financial information, click here


Official website here: www.teamsters35.com

What is the mission statement of Teamsters Local No 35 Health Plans?

Teamsters Local No 35 Health Plans is committed to offering health benefits to its members. This is achieved through the provision of health and life insurance coverage for Teamsters Local 35 members under individual collective bargaining agreements, as well as employees of associated plans and the union. The organization serves to enhance the health and well-being of its members, providing them with essential coverage and ensuring their access to necessary medical services. By offering these benefits, Teamsters Local No 35 Health Plans aims to support the overall well-being and quality of life of its members.


Official website here: www.teamsters35.com

Who is the CEO of Teamsters Local No 35 Health Plans?

Phyllis Lucidi is the Trustee of Teamsters Local No 35 Health Plans.


Official website here: www.teamsters35.com

What is the revenue of Teamsters Local No 35 Health Plans?

Teamsters Local No 35 Health Plans's revenue in 2022 was $9,187,409.


Official website here: www.teamsters35.com

Who are the executives of Teamsters Local No 35 Health Plans and what are their salaries?

The average compensation at Teamsters Local No 35 Health Plans during 2022 was $78,976. There are 5 employees at Teamsters Local No 35 Health Plans.


Here are 5 key members and their salaries:


Daniel Kreiser (Trustee)
  • Compensation: $0
  • Related: $119,073
  • Other: $72,905
Brian Kildea (Trustee)
  • Compensation: $0
  • Related: $666
  • Other: $0
Dino Colarocco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Corrington (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philomena Lucidi (Administrator)
  • Compensation: $124,883
  • Related: $0
  • Other: $40,338


Official website here: www.teamsters35.com

Where can I find the form 990 for Teamsters Local No 35 Health Plans?

Teamsters Local No 35 Health Plans's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamsters35.com

Learn more at the official website: www.teamsters35.com

Mission Statement of Teamsters Local No 35 Health Plans

Teamsters Local No 35 Health Plans is an organization dedicated to providing health benefits to its members. Their mission is to offer comprehensive health and life insurance coverage to Teamsters Local 35 members who are covered under individual collective bargaining agreements, as well as employees of the Teamsters Local 35 pension plan and the union itself. This nonprofit entity serves as a safety net for its members, ensuring they have access to necessary medical care and financial support during challenging health situations. By offering health benefits, Teamsters Local No 35 Health Plans demonstrates its commitment to the well-being of its members, recognizing the importance of health in their overall quality of life.

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Impact




October, 2024

Teamsters Local No 35 Health Plans significantly impacts its members by providing essential health and life insurance benefits. This support extends to Teamsters Local 35 members covered by individual collective bargaining agreements, as well as employees associated with the plan and the union. By ensuring access to comprehensive health benefits, the organization plays a crucial role in enhancing the well-being and security of its members in Trenton, NJ. This focus on mutual benefit fosters a stronger sense of community and support among union members, contributing to a healthier workforce overall.




This information is meant to be a general summary of Teamsters Local No 35 Health Plans. 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
$9,187,409 (2022)
Expenses
$7,128,539 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,002,788
  • Program Service Revenue: $7,093,972
  • Gross Receipts: $56,661,858

Assets and Liabilities:

  • Total Assets: $25,681,200
  • Total Liabilities: $1,205,019
  • Net Assets: $24,476,181

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$6,265,674

EMPLOYEE CONTRIBUTIONS

Revenue

$799,973

COBRA CONTRIBUTIONS

Revenue

$28,325

Organization Details

Founding Year

1966

Principal Officer

Phyllis Lucidi

Main Address

620 US RTE 130, TRENTON, NJ, 08691

NTEE Category

Code: Y40 - Mutual benefit

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