Overview
What is Northern New Jersey Teamsters Benefit Plan?
The Northern New Jersey Teamsters Benefit Plan is a nonprofit organization administrated by a joint board of trustees, serving as its plan administrator. Established in 1982, it provides health and welfare benefits to its participants, covering various aspects such as life insurance, hospitalization, major medical, optical, dental, and prescription drugs. Since 1982, the organization has also taken initiative to create an educational fund to support educational programs for its members and their families. In 1990, the plan became self-insured for certain benefits. With a roster of approximately 1,692 members, the Northern New Jersey Teamsters Benefit Plan continues to prioritize the wellbeing of its participants.
Is Northern New Jersey Teamsters Benefit Plan legitimate?
Northern New Jersey Teamsters Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northern New Jersey Teamsters Benefit Plan 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: $143,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $800,191
For more financial information, click here
What is the mission statement of Northern New Jersey Teamsters Benefit Plan?
The Northern New Jersey Teamsters Benefit Plan is dedicated to providing health and welfare benefits to its participants. Established in 1982, the plan offers a range of coverage, including life insurance, hospitalization, major medical, optical, dental, and prescription drugs. The organization has an educational fund, which was created to provide educational programs to help members and their families. In 1990, the plan became self-insured for certain benefits. Currently, the plan supports approximately 1,692 members. The mission of the Northern New Jersey Teamsters Benefit Plan is to ensure its participants have access to essential health and welfare benefits, enhancing their overall quality of life.
Who is the CEO of Northern New Jersey Teamsters Benefit Plan?
Michael Cur is the Principal Officer of Northern New Jersey Teamsters Benefit Plan.
What is the revenue of Northern New Jersey Teamsters Benefit Plan?
Northern New Jersey Teamsters Benefit Plan's revenue in 2023 was $31,797,428.
Who are the executives of Northern New Jersey Teamsters Benefit Plan and what are their salaries?
The average compensation at Northern New Jersey Teamsters Benefit Plan during 2023 was $59,001. There are 16 employees at Northern New Jersey Teamsters Benefit Plan.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $105,705
- Other: $87,937
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $126,156
- Other: $75,271
- Compensation: $135,818
- Related: $2,772
- Other: $54,688
- Compensation: $0
- Related: $62,775
- Other: $66,282
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $98,792
- Other: $51,479
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northern New Jersey Teamsters Benefit Plan?
Northern New Jersey Teamsters Benefit Plan's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Northern New Jersey Teamsters Benefit Plan
The Northern New Jersey Teamsters Benefit Plan is a welfare benefit provider that plays a significant role in enhancing the lives of its participants. Established by a joint board of trustees who act as its administrator, the Plan offers a range of health and welfare benefits to its members. These benefits include coverage for life insurance, hospitalization, major medical care, optics, dental services, and prescription drugs.
Since its inception on January 1, 1982, the Plan has been committed to enriching the lives of its members and their families. In line with this commitment, the Plan founded an Educational Fund, a program designed to provide educational assistance to members and their families. This marked a remarkable milestone in the Plan's history, further emphasizing its dedication to empowering its community.
In the year 1990, the Plan took a major step towards self-insurance, assuming responsibility for certain benefits in its portfolio. With this move, the Plan demonstrated its financial stability and its unwavering commitment to its members. The Plan currently caters to approximately 1,692 members, making a positive impact on their lives every day.
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Impact
October, 2024
The Northern New Jersey Teamsters Benefit Plan significantly impacts its participants by providing essential health and welfare benefits that enhance their quality of life. The plan offers a comprehensive suite of coverage, including life insurance, hospitalization, major medical, optical, dental, and prescription drugs, ensuring members have access to critical healthcare services.
Established in 1982, the plan also supports members and their families through an educational fund aimed at offering programs that promote learning and skill development. This holistic approach not only addresses immediate health needs but also fosters long-term personal and professional growth.
As a self-insured entity since 1990 for certain benefits, the plan demonstrates its commitment to financial stability and sustainability while directly benefiting approximately 1,692 members. By delivering reliable health and welfare benefits, it plays a crucial role in supporting the well-being of Teamsters and their families in Northern New Jersey.
This information is meant to be a general summary of Northern New Jersey Teamsters Benefit Plan. 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 2023.
- Investment Income: -$1,214,674
- Program Service Revenue: $32,902,523
- Gross Receipts: $61,469,530
Assets and Liabilities:
- Total Assets: $46,397,600
- Total Liabilities: $3,364,366
- Net Assets: $43,033,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIONS
Revenue
$32,526,722
ADMINISTRATION FEES
Revenue
$234,550
COBRA CONTRIBUTIONS
Revenue
$141,251
Organization Details
Founding Year
1968
Phone
(973) 423-4565Principal Officer
Michael Cur
Main Address
810 BELMONT AVENUE SUITE 100, NORTH HALEDON, NJ, 075082396
NTEE Category
Code: Y43 - Mutual benefit
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