Teamsters Jt Co No 53 Retiree Health & Welfare Fund

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

EIN: 232530237 ✦ Pennsauken, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Jt Co No 53 Retiree Health & Welfare Fund?

Teamsters Jt Co No 53 Retiree Health & Welfare Fund is a nonprofit organization situated in Pennsauken, New Jersey. Its primary mission is to extend medical, hospital, surgical, prescription, dental, and vision benefits to eligible participants and their spouses. To be eligible, individuals must be receiving a pension from Teamsters Joint Council No. 53 Retirement Trust and have reached the age of 55 with a minimum of 10 years of service. By providing these benefits, the fund aims to support and improve the health and well-being of its beneficiaries, ensuring they have access to essential healthcare services.

Is Teamsters Jt Co No 53 Retiree Health & Welfare Fund legitimate?

Teamsters Jt Co No 53 Retiree Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Jt Co No 53 Retiree Health & 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

What is the mission statement of Teamsters Jt Co No 53 Retiree Health & Welfare Fund?

The Teamsters Jt Co No 53 Retiree Health & Welfare Fund is designed to offer medical, hospital, surgical, prescription, dental, and vision benefits to eligible participants and their spouses. Eligibility criteria include receiving a pension from Teamsters Joint Council No. 53 Retirement Trust and reaching the age of 55 with a minimum of 10 years of service. The fund's primary mission is to provide these comprehensive health and welfare benefits, ensuring the well-being of its eligible participants.

Who is the CEO of Teamsters Jt Co No 53 Retiree Health & Welfare Fund?

William Hamilton is the Trustee/Chairman of Teamsters Jt Co No 53 Retiree Health & Welfare Fund.

What is the revenue of Teamsters Jt Co No 53 Retiree Health & Welfare Fund?

Teamsters Jt Co No 53 Retiree Health & Welfare Fund's revenue in 2022 was $2,014,623.

Who are the executives of Teamsters Jt Co No 53 Retiree Health & Welfare Fund and what are their salaries?


Here are 10 key members and their salaries:


William Hamilton (Trustee/Chairman)
  • Compensation: $0
  • Related: $205,861
  • Other: $88,041
Howard W Wells (Trustee/Treasurer)
  • Compensation: $0
  • Related: $187,631
  • Other: $96,127
Daniel Grace (Trustee)
  • Compensation: $0
  • Related: $153,060
  • Other: $69,193
Michael Bonaduce (Trustee)
  • Compensation: $0
  • Related: $180,929
  • Other: $73,996
Robert Bryan Jr (Trustee)
  • Compensation: $0
  • Related: $149,110
  • Other: $97,949
Ed Thompson (Trustee)
  • Compensation: $0
  • Related: $105,214
  • Other: $69,114
Jock Rowe (Trustee)
  • Compensation: $0
  • Related: $120,438
  • Other: $3,168
Joseph Smith (Trustee)
  • Compensation: $0
  • Related: $108,898
  • Other: $75,973
Brian Reice (Trustee)
  • Compensation: $0
  • Related: $94,600
  • Other: $57,334
Dennis Hower (Trustee)
  • Compensation: $0
  • Related: $115,684
  • Other: $76,441
Where can I find the form 990 for Teamsters Jt Co No 53 Retiree Health & Welfare Fund?

Teamsters Jt Co No 53 Retiree Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Jt Co No 53 Retiree Health & Welfare Fund

Teamsters Jt Co No 53 Retiree Health & Welfare Fund is an organization dedicated to providing comprehensive health benefits to eligible participants and their spouses. To be eligible, individuals must be receiving a pension from Teamsters Joint Council No. 53 Retirement Trust and have reached the age of 55, with a minimum of 10 years of service under their belt. The fund offers a range of benefits, including medical, hospital, surgical, prescription, dental, and vision coverage. This nonprofit is committed to improving the health and well-being of its eligible members, ensuring they have access to necessary healthcare services during their retirement years.

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Impact




October, 2024

Teamsters Jt Co No 53 Retiree Health & Welfare Fund significantly impacts the lives of eligible retirees in Pennsauken, NJ, by offering comprehensive health benefits. This includes medical, hospital, surgical, prescription, dental, and vision benefits. Such support is crucial for retired individuals and their spouses, ensuring they have access to necessary healthcare services in their later years. The eligibility criteria—requiring participants to be at least 55 years old and to have completed 10 years of service while receiving a pension—afford retirees impactful benefits that enhance their quality of life and financial stability. By catering to the health needs of its members, the fund promotes overall well-being, allowing retirees to focus on enjoying their retirement years without the added stress of healthcare costs.




This information is meant to be a general summary of Teamsters Jt Co No 53 Retiree Health & 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
$2,014,623 (2022)
Expenses
$1,918,814 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $156,193
  • Program Service Revenue: $1,858,430
  • Gross Receipts: $2,936,179

Assets and Liabilities:

  • Total Assets: $6,496,452
  • Total Liabilities: $43,436
  • Net Assets: $6,453,016

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,389,849

PARTICIPANT CONTRIBUTI

Revenue

$468,581

Organization Details

Founding Year

1988

Principal Officer

William Hamilton

Main Address

2500 MCCLELLAN AVE 140, PENNSAUKEN, NJ, 08109

NTEE Category

Code: Y40 - Mutual benefit

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