Teamsters Health & Welfare Fund Of Philadelphia And Vicinity

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

EIN: 231392600 ✦ Pennsauken, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Health & Welfare Fund Of Philadelphia And Vicinity?

The Teamsters Health & Welfare Fund of Philadelphia and Vicinity is a nonprofit organization based in Pennsauken, New Jersey, specifically located at 2500 McClellan Ave Suite 140. Its primary mission revolves around providing funded medical benefits, encompassing vision, dental, outpatient services, hospitalization, weekly disability, death, surgery, major medical, prescription drugs, and managed care to eligible participants and their dependents and beneficiaries. This charitable institution operates as a multi-employer welfare plan, established under the terms of a collective bargaining agreement.


Official website here: www.teamsterfunds.com

Is Teamsters Health & Welfare Fund Of Philadelphia And Vicinity legitimate?

Teamsters Health & Welfare Fund Of Philadelphia And Vicinity is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Health & Welfare Fund Of Philadelphia And Vicinity 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,503

For more financial information, click here


Official website here: www.teamsterfunds.com

What is the mission statement of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity?

The Teamsters Health & Welfare Fund of Philadelphia and Vicinity serves as a multi-employer welfare plan, established under the terms of a collective bargaining agreement. Its primary mission is to provide comprehensive funded medical benefits for the plan participants and their eligible dependents and beneficiaries. These benefits encompass various health services such as vision care, dental coverage, outpatient treatments, hospitalization, weekly disability, surgery, major medical, prescription drugs, and managed care. The goal is to ensure access to essential health services for the covered individuals.


Official website here: www.teamsterfunds.com

Who is the CEO of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity?

Maria Scheeler is the Union Trustee of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity.


Official website here: www.teamsterfunds.com

What is the revenue of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity?

Teamsters Health & Welfare Fund Of Philadelphia And Vicinity's revenue in 2022 was $120,998,352.


Official website here: www.teamsterfunds.com

Who are the executives of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity and what are their salaries?


Here are 7 key members and their salaries:


Robert Bryan Jr (Union Trustee)
  • Compensation: $0
  • Related: $150,540
  • Other: $101,713
Howard Wells (Union Trustee)
  • Compensation: $0
  • Related: $179,167
  • Other: $69,257
William Hamilton (Union Trustee)
  • Compensation: $0
  • Related: $131,538
  • Other: $84,376
William J Einhorn (Employer Trustee)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Daniel Schmidt (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William David Evans (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Scheeler (Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.teamsterfunds.com

Where can I find the form 990 for Teamsters Health & Welfare Fund Of Philadelphia And Vicinity?

Teamsters Health & Welfare Fund Of Philadelphia And Vicinity's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamsterfunds.com

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

Mission Statement of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity

The Teamsters Health & Welfare Fund of Philadelphia and Vicinity serves as a vital funding arrangement for a multi-employer welfare plan, established under the terms of collective bargaining agreements. This nonprofit organization is dedicated to providing comprehensive medical benefits to eligible participants and their dependents and beneficiaries.

In its mission to enhance the well-being of those it serves, Teamsters Health & Welfare Fund offers a robust array of medical coverage. This encompasses not only essential services such as vision, dental, and outpatient care but also more extensive offerings like hospitalization, weekly disability, death benefits, surgery, major medical coverage, prescription drugs, and managed care. By providing these benefits, the Fund ensures that the people it supports have access to the medical care they need to maintain their health and wellbeing.

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Impact




October, 2024

Teamsters Health & Welfare Fund of Philadelphia and Vicinity plays a critical role in providing comprehensive medical benefits to its participants and their eligible dependents. Through a structured funding arrangement, it ensures access to essential health services such as vision and dental care, outpatient services, hospitalization, weekly disability payments, and major medical coverage.

By addressing the varied health needs of participants, the Fund significantly enhances the quality of life for workers and their families, providing peace of mind regarding healthcare costs and access. The benefits extend to prescription drugs and managed care, which are vital for managing chronic conditions and ensuring overall well-being.

Additionally, the Fund operates under the framework of a collective bargaining agreement, which empowers employees and strengthens labor relations by offering valuable health benefits that support long-term workforce stability. In doing so, it fosters a healthier community and contributes to the mutual benefit of employers and employees alike.




This information is meant to be a general summary of Teamsters Health & Welfare Fund Of Philadelphia And Vicinity. 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
$120,998,352 (2022)
Expenses
$117,541,170 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,667,103
  • Program Service Revenue: $114,331,249
  • Gross Receipts: $135,529,748

Assets and Liabilities:

  • Total Assets: $155,739,909
  • Total Liabilities: $817,313
  • Net Assets: $154,922,596

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$114,111,822

COBRA

Revenue

$219,427

Organization Details

Founding Year

1951

Principal Officer

Maria Scheeler

Main Address

2500 McClellan Ave Suite 140, Pennsauken, NJ, 08109

NTEE Category

Code: Y40 - Mutual benefit

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