Overview
What is Teamsters Local Union No 115 Health And Welfare Fund?
Teamsters Local Union No. 115 Health and Welfare Fund is a nonprofit organization based in Philadelphia, Pennsylvania. With a small team of eight employees, this VEBAs (Voluntary Employees' Beneficiary Associations) plan offers essential benefits to its union members and their dependents. The comprehensive range of benefits provided includes hospital stays, surgical procedures, medical care, prescriptions, death benefits, and scholarships. The mission of the Fund is to ensure the wellbeing and health security of its members.
Is Teamsters Local Union No 115 Health And Welfare Fund legitimate?
Teamsters Local Union No 115 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local Union No 115 Health And 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: $219,018
For more financial information, click here
What is the mission statement of Teamsters Local Union No 115 Health And Welfare Fund?
Teamsters Local Union No 115 Health and Welfare Fund offers essential benefits to its members and their dependents. As a V.E.B.A. plan, it provides hospital, surgical, medical, prescription, death, and scholarship coverage. The mission of this union-affiliated health and welfare fund is to ensure its members have access to crucial medical services when they need it most. By offering a range of benefits, the fund empowers its members to focus on their health and wellbeing, providing them with peace of mind and financial security. In times of medical emergencies or ongoing care, the Teamsters Local Union No 115 Health and Welfare Fund stands by its members, ensuring they have the necessary support to overcome health challenges.
Who is the CEO of Teamsters Local Union No 115 Health And Welfare Fund?
Shane Reilly is the Employer Trustee of Teamsters Local Union No 115 Health And Welfare Fund.
What is the revenue of Teamsters Local Union No 115 Health And Welfare Fund?
Teamsters Local Union No 115 Health And Welfare Fund's revenue in 2022 was $13,748,737.
Who are the executives of Teamsters Local Union No 115 Health And Welfare Fund and what are their salaries?
The average compensation at Teamsters Local Union No 115 Health And Welfare Fund during 2022 was $27,377. There are 8 employees at Teamsters Local Union No 115 Health And Welfare Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $42,025
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $115,340
- Other: $62,690
Where can I find the form 990 for Teamsters Local Union No 115 Health And Welfare Fund?
Teamsters Local Union No 115 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local Union No 115 Health And Welfare Fund
Teamsters Local Union No 115 Health and Welfare Fund is a V.E.B.A. plan that extends essential benefits to its union members and their dependents. The mission of this organization, in simple terms, is to ensure the health and wellbeing of its members and their families.
In more detail, Teamsters Local Union No 115 Health and Welfare Fund offers an array of benefits that contribute to the overall health and wellbeing of its members. These benefits include coverage for hospital stays, surgical procedures, medical care, prescriptions, and even scholarships. The provision of these benefits aims to alleviate the financial burden of healthcare expenses, allowing members to focus on their health and wellbeing rather than the cost of care.
Teamsters Local Union No 115 Health and Welfare Fund serves as a safety net for its members and their loved ones. By providing access to comprehensive healthcare benefits, this organization enables its members to lead healthier lives and face the challenges of everyday living with confidence. The benefits offered by Teamsters Local Union No 115 Health and Welfare Fund are a testament to the organization's commitment to the wellbeing of its members and their families, empowering them to overcome any health-related obstacles and thrive.
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Impact
October, 2024
Teamsters Local Union No 115 Health And Welfare Fund significantly enhances the well-being of its members and their families by providing essential health and welfare benefits. This includes comprehensive hospital, surgical, and medical coverage, ensuring that members have access to necessary healthcare services without the burden of high out-of-pocket costs. The fund also offers prescription benefits, addressing the critical need for affordable medications.
In addition to healthcare, the fund supports members and their families through death benefits, which can alleviate financial stress during challenging times. The scholarship benefits promote education and development, providing opportunities for members’ dependents to pursue their academic goals.
Located in Philadelphia, PA, this fund plays a crucial role in fostering financial stability and peace of mind for Teamsters Local Union No 115 members, reinforcing the union's commitment to mutual support and care within the community.
This information is meant to be a general summary of Teamsters Local Union No 115 Health And 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 2022.
- Investment Income: $661,294
- Program Service Revenue: $13,036,325
- Gross Receipts: $19,533,155
Assets and Liabilities:
- Total Assets: $44,117,694
- Total Liabilities: $73,663
- Net Assets: $44,044,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$13,016,727
PARTICIPANT CONTRIBUTIONS
Revenue
$19,598
Organization Details
Founding Year
1969
Phone
(215) 335-0100Principal Officer
Shane Reilly
Main Address
10965 DECATUR ROAD, PHILADELPHIA, PA, 19154
NTEE Category
Code: Y40 - Mutual benefit
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