Teamsters Union Local 331 Health & Welfare Trust Fund

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

EIN: 236737795 ✦ Egg harbor city, NJ ✦ Designated as a 501(c)(5)

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Overview

What is Teamsters Union Local 331 Health & Welfare Trust Fund?

Teamsters Union Local 331 Health & Welfare Trust Fund is a small, nonprofit organization situated in Egg Harbor City, New Jersey. Their primary mission is to offer various benefits to union members, specifically focusing on health and welfare benefits, scholarships, training, and legal services. By providing these resources, they aim to support and enhance the well-being of their union members. With a modest workforce of one individual, this organization plays a vital role in meeting the needs of its union members.

Is Teamsters Union Local 331 Health & Welfare Trust Fund legitimate?

Teamsters Union Local 331 Health & Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Teamsters Union Local 331 Health & Welfare Trust 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: $8,156

For more financial information, click here

What is the mission statement of Teamsters Union Local 331 Health & Welfare Trust Fund?

The Teamsters Union Local 331 Health & Welfare Trust Fund is committed to providing benefits to its union members. These benefits encompass various aspects of well-being, including health and welfare services, educational scholarships, vocational training, and legal assistance. The primary objective of this fund is to support and empower its union members, ensuring they have access to essential resources and services when needed.

Who is the CEO of Teamsters Union Local 331 Health & Welfare Trust Fund?

Marcus King is the Trustee of Teamsters Union Local 331 Health & Welfare Trust Fund.

What is the revenue of Teamsters Union Local 331 Health & Welfare Trust Fund?

Teamsters Union Local 331 Health & Welfare Trust Fund's revenue in 2022 was $127,410.

Who are the executives of Teamsters Union Local 331 Health & Welfare Trust Fund and what are their salaries?

The average compensation at Teamsters Union Local 331 Health & Welfare Trust Fund during 2022 was $8,156. There is 1 employee at Teamsters Union Local 331 Health & Welfare Trust Fund.


Here are 5 key members and their salaries:


Marcus King (Trustee)
  • Compensation: $0
  • Related: $113,366
  • Other: $82,773
Abimael Ortiz (Trustee)
  • Compensation: $0
  • Related: $73,066
  • Other: $71,086
Thomas Ritter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Fonseca (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Turner-Inman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Teamsters Union Local 331 Health & Welfare Trust Fund?

Teamsters Union Local 331 Health & Welfare Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Union Local 331 Health & Welfare Trust Fund

Teamsters Union Local 331 Health & Welfare Trust Fund is dedicated to extending benefits to its union members. The scope of these benefits is comprehensive, encompassing health and welfare services, educational scholarships, training programs, and legal assistance. This nonprofit organization aims to uplift and support its union members in various ways, ensuring their well-being and personal growth. By offering a diverse range of benefits, Teamsters Union Local 331 Health & Welfare Trust Fund is committed to fostering a sense of community and security among its members.

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Impact




October, 2024

The Teamsters Union Local 331 Health & Welfare Trust Fund significantly impacts union members by delivering essential benefits that enhance their quality of life and professional development. By providing health and welfare benefits, the Trust Fund ensures that members have access to medical care and support, improving their overall well-being.

In addition to health benefits, the Trust Fund offers scholarships that empower members and their families to pursue education and training opportunities. This investment in education not only helps individuals grow but also strengthens the entire union workforce by cultivating skilled professionals.

Furthermore, the Trust Fund facilitates training programs that equip members with the necessary skills to excel in their careers, thereby enhancing job security and career advancement. Legal services provided by the Trust Fund underscore its commitment to protecting members' rights and ensuring they have access to knowledgeable legal assistance when needed.

Overall, the Teamsters Union Local 331 Health & Welfare Trust Fund plays a crucial role in supporting union members through comprehensive benefits, fostering a sense of community and security among its members in Egg Harbor City, NJ, and beyond.




This information is meant to be a general summary of Teamsters Union Local 331 Health & Welfare Trust 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
$127,410 (2022)
Expenses
$136,967 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $25,535
  • Program Service Revenue: $91,525
  • Gross Receipts: $127,410

Assets and Liabilities:

  • Total Assets: $804,007
  • Total Liabilities: $7,604
  • Net Assets: $796,403

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Programs

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

EMPLOYERS' CONTRIBUTIO

Revenue

$91,525

Organization Details

Founding Year

1983

Principal Officer

Marcus King

Main Address

1 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ, 082151168

NTEE Category

Code: J40 - Employment

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