Teamsters Local 97 Benefits Fund

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

EIN: 222004832 ✦ Clark, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local 97 Benefits Fund?

Teamsters Local 97 Benefits Fund is a nonprofit organization headquartered at 136 Central Avenue 1st Floor, Clark, New Jersey, 07066. Their primary mission is to extend health and welfare benefits to the participating members. The organization focuses on this essential aspect, as stated in their description, "to provide health and welfare benefits to participants." With a workforce of five employees, they dedicate their efforts to enhancing the well-being and quality of life for those who are part of their fund.

Is Teamsters Local 97 Benefits Fund legitimate?

Teamsters Local 97 Benefits Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 97 Benefits 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: $123,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $206,004

For more financial information, click here

What is the mission statement of Teamsters Local 97 Benefits Fund?

The Teamsters Local 97 Benefits Fund is dedicated to extending health and welfare benefits to its participants. Their primary goal is to ensure the well-being of those involved, providing essential coverage and services. Through their mission, they work diligently to improve the quality of life for their members. By offering a range of benefits, they aim to address the diverse needs of their community and support them in maintaining good health and overall well-being. Their efforts not only provide immediate assistance but also contribute to long-term stability and peace of mind for the participants.

Who is the CEO of Teamsters Local 97 Benefits Fund?

Maria Perez is the Trustee of Teamsters Local 97 Benefits Fund.

What is the revenue of Teamsters Local 97 Benefits Fund?

Teamsters Local 97 Benefits Fund's revenue in 2022 was $17,678,835.

Who are the executives of Teamsters Local 97 Benefits Fund and what are their salaries?

The average compensation at Teamsters Local 97 Benefits Fund during 2022 was $65,841. There are 5 employees at Teamsters Local 97 Benefits Fund.


Here are 4 key members and their salaries:


Daniel Reiman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Gerow (Trustee)
  • Compensation: $0
  • Related: $162,640
  • Other: $61,505
Maria Perez (Trustee)
  • Compensation: $0
  • Related: $148,950
  • Other: $58,478
Elaine Alessio (Fund Manager)
  • Compensation: $123,202
  • Related: $0
  • Other: $34,647
Where can I find the form 990 for Teamsters Local 97 Benefits Fund?

Teamsters Local 97 Benefits Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Local 97 Benefits Fund

Teamsters Local 97 Benefits Fund is a mission-driven organization with a focus on extending health and welfare benefits to its participants. Established with the purpose of making a difference in people's lives, the Fund is dedicated to providing essential services that contribute significantly to the wellbeing of its members.

In the heart of its operations, Teamsters Local 97 Benefits Fund prioritizes the health and welfare of those it serves. By offering a comprehensive range of benefits, the organization strives to improve the quality of life for its participants and ensure their overall wellbeing. The core belief that every individual deserves access to essential services drives the Fund to go above and beyond in delivering on its promise.

The Teamsters Local 97 Benefits Fund is more than just a provider of health and welfare benefits. It is an essential safety net for its participants, offering support and assistance when they need it most. Through its commitment to providing these vital services, the Fund plays a crucial role in empowering its members to live their best lives and overcome life's challenges. With a strong focus on improving health outcomes and promoting overall wellbeing, Teamsters Local 97 Benefits Fund continues to make a positive impact on the lives of those it serves.

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Impact




October, 2024

Teamsters Local 97 Benefits Fund plays a crucial role in enhancing the well-being of its participants by delivering essential health and welfare benefits. By providing access to healthcare resources, the fund helps individuals and families manage medical expenses, ensuring that they can receive necessary treatments and preventive care. This support not only improves the quality of life for participants but also contributes to overall community health.

Operating in Clark, NJ, the fund’s mission centers on the importance of mutual benefit, fostering a sense of solidarity among members. This collective approach encourages a supportive network, where participants can rely on each other and the benefits provided to navigate health challenges. The impact of the Teamsters Local 97 Benefits Fund extends beyond immediate medical assistance, as it empowers individuals to focus on their well-being, thereby enabling them to contribute positively to their families and communities.




This information is meant to be a general summary of Teamsters Local 97 Benefits 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
$17,678,835 (2022)
Expenses
$17,705,241 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $46,015
  • Program Service Revenue: $17,631,643
  • Gross Receipts: $17,892,237

Assets and Liabilities:

  • Total Assets: $3,993,876
  • Total Liabilities: $178,799
  • Net Assets: $3,815,077

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Programs

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

EMPLOYERS' CONTRIBUTIONS

Revenue

$17,609,249

COBRA CONTRIBUTIONS

Revenue

$22,394

Organization Details

Founding Year

1972

Principal Officer

Maria Perez

Main Address

136 CENTRAL AVENUE 1ST FLOOR, CLARK, NJ, 07066

NTEE Category

Code: Y40 - Mutual benefit

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