Teamsters Industrial Employees Welfare Fund

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

EIN: 226058341 ✦ Union city, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Industrial Employees Welfare Fund?

The Teamsters Industrial Employees Welfare Fund is a nonprofit organization headquartered at 707 Summit Avenue, Union City, New Jersey, 07087. Their primary mission is to extend health benefits to eligible participants. By providing these essential services, they aim to improve and maintain the wellbeing of the individuals they serve.


Official website here: www.560benefitfunds.com

What are the reviews and ratings of this charity?

The Teamsters Industrial Employees Welfare Fund is not currently rated by Charity Navigator. Ratings require an Accountability & Finance beacon or an Impact & Measurement beacon, which the Fund cannot provide as it is not registered as a 501(c)(3) nonprofit. This lack of status also prevents evaluation across other methodologies such as Culture & Community and Leadership & Adaptability.

The absence of a Charity Navigator rating does not imply any negative or positive judgment, merely that the organization hasn't been assessed under the current criteria. Historically, ratings focused on financial accountability but did not delve into areas like impact or adaptability. Despite this, the organization remains IRS-recognized and independent, albeit without published revenue or salary data.

No user reviews for the Teamsters Industrial Employees Welfare Fund appear on GreatNonprofits, thus there is no public feedback to supplement Charity Navigator's informational gap regarding the organization's community impact or operational transparency.


This AI summary has been generated from information found on Charity Navigator.

Is Teamsters Industrial Employees Welfare Fund legitimate?

Teamsters Industrial Employees Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Industrial Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.560benefitfunds.com

What is the mission statement of Teamsters Industrial Employees Welfare Fund?

The Teamsters Industrial Employees Welfare Fund is dedicated to delivering health benefits to eligible participants. By focusing on health care, this organization aims to enhance the wellbeing of those it serves. Through its mission, the fund prioritizes providing essential health services to its members. It strives to ensure that participants have access to comprehensive health care benefits that cater to their needs. Additionally, the organization may offer preventative programs and resources to promote the overall health and well-being of its members. By providing health benefits, the Teamsters Industrial Employees Welfare Fund plays a crucial role in safeguarding the health and financial security of those it serves.


Official website here: www.560benefitfunds.com

Who is the CEO of Teamsters Industrial Employees Welfare Fund?

Robert Blumenfeld is the Union Trustee of Teamsters Industrial Employees Welfare Fund.


Official website here: www.560benefitfunds.com

What is the revenue of Teamsters Industrial Employees Welfare Fund?

Teamsters Industrial Employees Welfare Fund's revenue in 2022 was $20,075,645.


Official website here: www.560benefitfunds.com

Who are the executives of Teamsters Industrial Employees Welfare Fund and what are their salaries?


Here are 8 key members and their salaries:


Edwin H Stier (Union Trustee)
  • Compensation: $2,075
  • Related: $0
  • Other: $0
Joseph Dipalma (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles T Connors (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Welsh (Union Trustee Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Rodriguez (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Goldberg (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Campbell (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Blumenfeld (Fund Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.560benefitfunds.com

Where can I find the form 990 for Teamsters Industrial Employees Welfare Fund?

Teamsters Industrial Employees Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.560benefitfunds.com

Learn more at the official website: www.560benefitfunds.com

Mission Statement of Teamsters Industrial Employees Welfare Fund

Teamsters Industrial Employees Welfare Fund, also known as TI EWF, is a mission-driven organization dedicated to extending health benefits to eligible participants. Established with a clear purpose, the Fund focuses on improving the wellbeing of those it serves. By providing essential health benefits, TI EWF aims to ensure that participants can lead healthier and more productive lives.

The organization's core mission is centered around extending a helping hand to those in need. Through its comprehensive offerings, TI EWF offers a safety net to eligible individuals, providing them with access to vital health resources. By offering health benefits, the Fund not only addresses immediate health concerns but also works towards preventing potential health issues. In essence, Teamsters Industrial Employees Welfare Fund functions as a vital partner in the pursuit of better health and overall wellbeing for its participants.

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Impact




October, 2024

The Teamsters Industrial Employees Welfare Fund significantly impacts the lives of eligible participants by providing essential health benefits. This support helps ensure members and their families have access to necessary medical services, assisting in maintaining overall health and well-being. Located in Union City, NJ, the Fund's mission reflects a commitment to mutual benefit, allowing individuals to navigate health challenges with greater security. By helping to alleviate the financial burdens associated with medical care, the Fund strengthens community resilience and fosters a healthier workforce.




This information is meant to be a general summary of Teamsters Industrial Employees 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
$20,075,645 (2022)
Expenses
$18,093,025 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $249,515
  • Program Service Revenue: $19,047,739
  • Gross Receipts: $52,423,912

Assets and Liabilities:

  • Total Assets: $44,542,546
  • Total Liabilities: $3,219,308
  • Net Assets: $41,323,238

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$18,939,972

COBRA

Revenue

$107,767

Organization Details

Founding Year

1948

Principal Officer

Robert Blumenfeld

Main Address

707 SUMMIT AVENUE, UNION CITY, NJ, 07087

NTEE Category

Code: Y40 - Mutual benefit

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