Overview
What is Teamsters 261 And Employers Welfare Fund?
Teamsters #261 And Employers Welfare Fund is a nonprofit organization based in New Castle, Pennsylvania. Their primary mission is to offer medical and various health-related benefits to eligible employees and retirees of employers under a collective bargaining agreement with Teamsters Local Union No. 261 or other affiliated unions. The fund aims to provide essential health benefits to its participants.
What are the reviews and ratings of this charity?
Teamsters 261 And Employers Welfare Fund is currently not rated by Charity Navigator. The absence of a rating does not suggest a positive or negative standing. As the organization is not a 501(c)(3) IRS registered nonprofit, it does not meet the eligibility criteria for a standard Charity Navigator evaluation, which primarily covers registered 501(c)(3) organizations.
The nonprofit's historical evaluations did not incorporate Leadership, Adaptability, or Impact measures, focusing instead on aspects covered under an older version of Accountability and Finance. This shift in evaluation criteria emphasizes the Fund's current ineligibility due to its classification and registration status. Furthermore, detailed financial data such as revenue, expenses, and key person's salary are unavailable, making a comprehensive assessment challenging.
There are no user reviews available for Teamsters 261 And Employers Welfare Fund on GreatNonprofits. This suggests limited public engagement or feedback recorded on the platform, which often provides valuable insights into an organization's community impact and stakeholder satisfaction.
This AI summary has been generated from information found on Charity Navigator.
Is Teamsters 261 And Employers Welfare Fund legitimate?
Teamsters #261 And Employers Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters #261 And Employers 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: $109,563
For more financial information, click here
What is the mission statement of Teamsters 261 And Employers Welfare Fund?
The Teamsters #261 And Employers Welfare Fund is dedicated to extending medical and health-related benefits to qualified individuals. This mission is carried out by offering eligible employees and retirees of participating employers, who are under collective bargaining agreements with Teamsters Local Union No. 261 or other affiliated unions, comprehensive health coverage. The fund's primary goal is to ensure that these individuals receive essential health benefits, enhancing their overall wellbeing. By focusing on medical and health-related assistance, the organization strives to improve the quality of life for those it serves.
Who is the CEO of Teamsters 261 And Employers Welfare Fund?
Michael Leckwart is the Trustee of Teamsters #261 And Employers Welfare Fund.
What is the revenue of Teamsters 261 And Employers Welfare Fund?
Teamsters 261 And Employers Welfare Fund's revenue in 2022 was $36,854,806.
Who are the executives of Teamsters 261 And Employers Welfare Fund and what are their salaries?
The average compensation at Teamsters 261 And Employers Welfare Fund during 2022 was $54,782. There are 2 employees at Teamsters 261 And Employers Welfare Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $71,600
- Other: $0
- Compensation: $0
- Related: $83,140
- Other: $0
- Compensation: $0
- Related: $83,140
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teamsters 261 And Employers Welfare Fund?
Teamsters 261 And Employers Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters 261 And Employers Welfare Fund
Teamsters #261 And Employers Welfare Fund is a nonprofit organization dedicated to extending medical and other health-related benefits to eligible participants. Established through collective bargaining agreements between Teamsters Local Union No. 261 and various employers, this fund is affiliated with the International Brotherhood of Teamsters and other local unions.
In simple terms, Teamsters #261 And Employers Welfare Fund serves as a vital safety net for employees and retirees of affiliated employers. By offering medical and health benefits, this nonprofit ensures that those it serves can access essential resources for maintaining their wellbeing. This mission is pivotal in fostering better health outcomes and enhancing the overall quality of life for the eligible individuals.
The organization's purpose is to bridge the gap in healthcare coverage for those who might not otherwise have access to it. By providing a comprehensive range of benefits, Teamsters #261 And Employers Welfare Fund plays a crucial role in safeguarding the health and well-being of its beneficiaries. The fund's commitment to ensuring the availability of healthcare benefits extends far beyond the traditional notion of medical care, reaching out to encompass various aspects of health and wellness. In doing so, it contributes significantly to the overall wellbeing of the individuals and communities it serves.
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Impact
October, 2024
Teamsters 261 and Employers Welfare Fund plays a crucial role in enhancing the health and well-being of eligible employees and retirees associated with various employers under collective bargaining agreements with Teamsters Local Union No. 261. By providing essential medical and health-related benefits, the Fund significantly alleviates the financial burdens associated with healthcare, enabling participants to access necessary medical services without overwhelming costs.
The Fund's impact is particularly felt in the lives of eligible participants in New Castle, PA, where it serves as a safety net, promoting not only physical health but also peace of mind for workers and their families. By prioritizing access to healthcare, the Fund helps individuals maintain their health, reduce absenteeism, and improve overall job satisfaction and productivity within the workforce.
Moreover, the Teamsters 261 Fund fosters a sense of community and support among union members, reinforcing the values of collective bargaining and mutual aid. This not only strengthens the bonds among workers but also promotes fairness and equity in employment practices. The comprehensive benefits provided contribute to healthier communities, ultimately benefiting local economies and enhancing the quality of life for many.
This information is meant to be a general summary of Teamsters 261 And Employers 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: $295,748
- Program Service Revenue: $35,148,555
- Gross Receipts: $41,991,478
Assets and Liabilities:
- Total Assets: $20,409,417
- Total Liabilities: $1,644,314
- Net Assets: $18,765,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS: EMPLOYERS
Revenue
$34,907,218
CONTRIBUTIONS: INDIVIDUALS
Revenue
$241,337
Organization Details
Founding Year
1950
Phone
(724) 652-4667Principal Officer
Michael Leckwart
Main Address
351 NORTHGATE CIRCLE B, NEW CASTLE, PA, 16105
NTEE Category
Code: Y43 - Mutual benefit
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