Teamsters Life Insurance Trust Fund

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

EIN: 237316778 ✦ Dublin, CA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Life Insurance Trust Fund?

The Teamsters Life Insurance Trust Fund is a nonprofit organization situated in Dublin, California. Its primary mission is to provide life insurance and accidental death and dismemberment benefits to eligible participants and retirees who are covered under collective bargaining agreements. The organization is dedicated to offering these vital benefits, helping to secure the financial well-being of its members. The Trust Fund operates with a focus on serving its beneficiaries effectively, fulfilling its purpose through the provisions of essential insurance plans.


Official website here: www.none

Is Teamsters Life Insurance Trust Fund legitimate?

Teamsters Life Insurance Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Life Insurance 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.none

What is the mission statement of Teamsters Life Insurance Trust Fund?

The Teamsters Life Insurance Trust Fund's primary mission is to extend life insurance and accidental death and dismemberment benefits to eligible participants and retirees who are covered under collective bargaining agreements. By doing so, the fund aims to provide financial security and peace of mind during challenging times. The Trust Fund fulfills its mission by offering comprehensive life insurance and AD&D coverage, ensuring that the beneficiaries of the covered individuals can manage their financial obligations in the event of a tragic incident. The Trust Fund's mission is vital in safeguarding the financial well-being of its members, particularly during critical life stages.


Official website here: www.none

Who is the CEO of Teamsters Life Insurance Trust Fund?

Richard Muto is the Trustee of Teamsters Life Insurance Trust Fund.


Official website here: www.none

What is the revenue of Teamsters Life Insurance Trust Fund?

Teamsters Life Insurance Trust Fund's revenue in 2023 was $1,399,577.


Official website here: www.none

Who are the executives of Teamsters Life Insurance Trust Fund and what are their salaries?


Here are 4 key members and their salaries:


Richard Muto (Trustee)
  • Compensation: $3,800
  • Related: $0
  • Other: $0
Jerry Hammack (Trustee)
  • Compensation: $3,800
  • Related: $0
  • Other: $0
Darrell Pratt (Trustee)
  • Compensation: $3,800
  • Related: $0
  • Other: $0
John Hurley (Trustee)
  • Compensation: $3,600
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Teamsters Life Insurance Trust Fund?

Teamsters Life Insurance Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Teamsters Life Insurance Trust Fund

Teamsters Life Insurance Trust Fund is an organization dedicated to providing life insurance and accidental death and dismemberment (AD&D) benefits to eligible participants and retirees covered under collective bargaining agreements. Their mission is to ensure financial security for these individuals, offering them peace of mind in the event of unforeseen circumstances. By providing these benefits, Teamsters Life Insurance Trust Fund plays a significant role in safeguarding the well-being of its members, offering them a sense of protection and stability during challenging times.

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Impact




October, 2024

The Teamsters Life Insurance Trust Fund plays a significant role in supporting eligible participants and retirees by providing vital life insurance and accidental death and dismemberment benefits. Its impact is profound, as it offers financial security during uncertain times, ensuring that individuals and their families have access to essential resources in the event of unforeseen circumstances.

By delivering these benefits to those covered under collective bargaining agreements, the Trust Fund helps create a safety net that promotes peace of mind for its members. This support can ease the financial burden associated with unexpected loss, enabling families to focus on healing and recovery without the added stress of financial instability.

Moreover, the Trust Fund fosters a sense of community and mutual benefit among its members, reinforcing the collective strength of the workforce. It plays a critical role in enhancing the overall well-being of participants and retirees, affirming the commitment to their welfare and security throughout their lives.




This information is meant to be a general summary of Teamsters Life Insurance 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
$1,399,577 (2023)
Expenses
$757,696 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,204,710
  • Program Service Revenue: $194,867
  • Gross Receipts: $12,351,239

Assets and Liabilities:

  • Total Assets: $34,290,031
  • Total Liabilities: $264,318
  • Net Assets: $34,025,713

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$190,027

EXPERIENCED RATED REFUNDS

Revenue

$4,840

Organization Details

Founding Year

1973

Principal Officer

Richard Muto

Main Address

4160 DUBLIN BOULEVARD Suite 400, DUBLIN, CA, 94568

Website

www.none

NTEE Category

Code: Y40 - Mutual benefit

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