Overview
What is Local 808 Ibt Health & Welfare Fund?
The Local 808 Ibt Health & Welfare Fund is a charitable organization based in Long Island City, NY. It manages the assets of a multiemployer welfare benefit plan, receiving contributions from a collective bargaining agreement. This fund caters to the health and welfare needs of members from the Building Maintenance, Service, and Railroad Workers Local Union 808 I.b. Of T., as well as their dependents and beneficiaries. The fund offers various benefits such as medical, dental, optical, and other essential services to its participants.
Official website here: www.teamsterslocal808.org/welfare.htm
Is Local 808 Ibt Health & Welfare Fund legitimate?
Local 808 Ibt Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 808 Ibt 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: $5,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,421
For more financial information, click here
Official website here: www.teamsterslocal808.org/welfare.htm
What is the mission statement of Local 808 Ibt Health & Welfare Fund?
The Local 808 Ibt Health & Welfare Fund functions as a custodian of assets for a multiemployer welfare benefit plan. This plan, established through a collective bargaining agreement, caters to members of the Building Maintenance, Service, and Railroad Workers Local Union 808 I.b. and their eligible dependents and beneficiaries. The fund is dedicated to offering medical, dental, optical, and other essential welfare benefits to its participants. The primary objective is to ensure the wellbeing of the union members and their families by managing the collected contributions effectively and providing them with essential healthcare benefits.
Official website here: www.teamsterslocal808.org/welfare.htm
Who is the CEO of Local 808 Ibt Health & Welfare Fund?
Fitz-Verity C Silvera is the Union Trustee of Local 808 Ibt Health & Welfare Fund.
Official website here: www.teamsterslocal808.org/welfare.htm
What is the revenue of Local 808 Ibt Health & Welfare Fund?
Local 808 Ibt Health & Welfare Fund's revenue in 2022 was $11,894,957.
Official website here: www.teamsterslocal808.org/welfare.htm
Who are the executives of Local 808 Ibt Health & Welfare Fund and what are their salaries?
The average compensation at Local 808 Ibt Health & Welfare Fund during 2022 was $33,480. There are 4 employees at Local 808 Ibt Health & Welfare Fund.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $246,598
- Other: $25,396
- Compensation: $5,500
- Related: $5,500
- Other: $0
Official website here: www.teamsterslocal808.org/welfare.htm
Where can I find the form 990 for Local 808 Ibt Health & Welfare Fund?
Local 808 Ibt Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teamsterslocal808.org/welfare.htm
Learn more at the official website: www.teamsterslocal808.org/welfare.htm
Mission Statement of Local 808 Ibt Health & Welfare Fund
The Local 808 Ibt Health & Welfare Fund is a multiemployer welfare benefit plan that receives contributions in accordance with a collective bargaining agreement. The organization holds and manages the assets of this plan, aimed at providing essential benefits to members of Building Maintenance, Service, and Railroad Workers Local Union 808 I.b. and their eligible dependents and beneficiaries.
This nonprofit entity is dedicated to enhancing the wellbeing of its members through various welfare benefits. The benefits encompass medical, dental, and optical coverage, which are crucial components of maintaining good health and overall well-being. In doing so, the Local 808 Ibt Health & Welfare Fund strives to ensure its members have access to essential healthcare services, promoting a healthier and more productive workforce.
Additionally, the fund plays a vital role in providing essential welfare benefits to the members of Local 808 I.b. union. By managing the assets of this multiemployer welfare benefit plan, it ensures that these benefits are available and accessible to a diverse group of individuals. The organization's mission is to protect and improve the health and wellbeing of its members, ultimately contributing to their overall quality of life and economic stability.
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Impact
October, 2024
Local 808 IBT Health & Welfare Fund plays a crucial role in supporting the well-being of its members and their families. By managing contributions received through collective bargaining agreements, the Fund ensures that a diverse range of welfare benefits is accessible to those in the Building Maintenance, Service, and Railroad Workers Local Union 808 I.B. of T. These benefits include essential medical, dental, and optical services, which contribute significantly to the health and quality of life for participants and their dependents.
Located in Long Island City, NY, the Fund acts as a financial steward for a multiemployer welfare benefit plan, safeguarding resources that are vital for addressing healthcare needs. The proactive management of these assets enables members to receive the support they need during critical times, thereby fostering a more secure and healthier workforce within the union. This impact ultimately strengthens community ties and enhances overall job satisfaction among union members, reinforcing the importance of solidarity and mutual support in the labor movement.
This information is meant to be a general summary of Local 808 Ibt 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $157,242
- Program Service Revenue: $11,737,715
- Gross Receipts: $11,894,957
Assets and Liabilities:
- Total Assets: $11,700,221
- Total Liabilities: $2,945
- Net Assets: $11,697,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$11,723,272
RETIREE CONTRIBUTIONS
Revenue
$14,443
Organization Details
Founding Year
1968
Phone
(718) 389-1900Principal Officer
Fitz-Verity C Silvera
Main Address
5-28 51ST AVENUE, LONG ISLAND CITY, NY, 11101
NTEE Category
Code: Y40 - Mutual benefit
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