Overview
What is Teamsters Local 641 Welfare Fund?
Teamsters Local 641 Welfare Fund is a nonprofit organization situated in Union, New Jersey. With a team of eight dedicated individuals, their primary mission is to offer health and welfare benefits to their participating members. The fund provides essential services aimed at enhancing the well-being of its members, ensuring they have access to necessary resources during challenging times. The organization is committed to this mission, as indicated by its consistent focus on health and welfare benefits for its participants.
Is Teamsters Local 641 Welfare Fund legitimate?
Teamsters Local 641 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 641 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: $50,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,419
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What is the mission statement of Teamsters Local 641 Welfare Fund?
The Teamsters Local 641 Welfare Fund is committed to providing health and welfare benefits to its participants. This organization's primary mission is to ensure that its members have access to necessary healthcare and wellness support. They actively work towards this goal by offering various benefits, aiming to enhance the overall health and well-being of their participants. The Fund's activities are centered around this mission, continually striving to provide the necessary support to its members.
Who is the CEO of Teamsters Local 641 Welfare Fund?
James Kilkenny is the Trustee of Teamsters Local 641 Welfare Fund.
What is the revenue of Teamsters Local 641 Welfare Fund?
Teamsters Local 641 Welfare Fund's revenue in 2023 was $11,718,503.
Who are the executives of Teamsters Local 641 Welfare Fund and what are their salaries?
The average compensation at Teamsters Local 641 Welfare Fund during 2023 was $21,691. There are 8 employees at Teamsters Local 641 Welfare Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $129,985
- Other: $79,652
- Compensation: $0
- Related: $78,988
- Other: $51,724
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $46,428
- Other: $34,143
- Compensation: $0
- Related: $6,072
- Other: $1,357
- Compensation: $50,109
- Related: $78,375
- Other: $41,286
Where can I find the form 990 for Teamsters Local 641 Welfare Fund?
Teamsters Local 641 Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Teamsters Local 641 Welfare Fund
Teamsters Local 641 Welfare Fund is committed to delivering health and welfare benefits to its participating individuals. This nonprofit organization's mission is centered around ensuring the well-being of its members, encompassing various aspects of their health and overall wellness. By providing these benefits, Teamsters Local 641 Welfare Fund aims to improve the quality of life for its participants, offering them the support they need in times of need. The organization's activities are focused on fulfilling this mission, thereby demonstrating its dedication to the well-being of its members.
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Impact
October, 2024
Teamsters Local 641 Welfare Fund plays a significant role in enhancing the well-being of its participants by providing essential health and welfare benefits. This support is vital for members and their families, offering stability and peace of mind in managing healthcare needs. By focusing on the health and welfare of its participants, the Fund directly contributes to improved quality of life, helping individuals navigate medical expenses, access necessary treatments, and maintain overall wellness.
Located in Union, NJ, the Fund’s mission underscores its commitment to mutual benefit, ensuring that members receive the resources they need to thrive. The provision of these benefits not only supports individual health but also fosters a sense of community and solidarity among members, reinforcing the collective strength of the Teamsters. Through these efforts, Teamsters Local 641 Welfare Fund significantly impacts the lives of those it serves, promoting healthier outcomes and a more secure future for participants and their families.
This information is meant to be a general summary of Teamsters Local 641 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 2023.
- Investment Income: $2,464,593
- Program Service Revenue: $9,233,668
- Gross Receipts: $88,388,686
Assets and Liabilities:
- Total Assets: $32,469,041
- Total Liabilities: $831,126
- Net Assets: $31,637,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIONS
Revenue
$8,722,296
PENSIONERS' CONTRIBUTIONS
Revenue
$375,711
RENTAL INCOME
Revenue
$103,261
COBRA CONTRIBUTIONS
Revenue
$32,400
Organization Details
Founding Year
1974
Phone
(908) 687-4488Principal Officer
James Kilkenny
Main Address
714 RAHWAY AVENUE 2ND FL, UNION, NJ, 07083
NTEE Category
Code: Y40 - Mutual benefit
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