Teamsters Local Union 491 Health & Welfare Fund

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

EIN: 251011380 ✦ Uniontown, PA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local Union 491 Health & Welfare Fund?

Teamsters Local Union 491 Health & Welfare Fund is a nonprofit organization that offers various benefits to its members affiliated with Teamsters Local Union 491. These benefits include health coverage, hospitalization assistance, life insurance, and accidental death and dismemberment protection. The fund achieves this by collaborating with fraternal beneficiary societies and voluntary employees associations. Its primary mission is to provide these beneficial services to its members, ensuring their well-being and security.

Is Teamsters Local Union 491 Health & Welfare Fund legitimate?

Teamsters Local Union 491 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local Union 491 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: $6,097
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,138

For more financial information, click here

What is the mission statement of Teamsters Local Union 491 Health & Welfare Fund?

The Teamsters Local Union 491 Health & Welfare Fund's mission is centered around providing health, hospitalization, life, and accidental death and dismemberment (AD&D) benefits to its members. This is achieved through collaborations with fraternal beneficiary societies and voluntary employees associations. The primary goal is to ensure the well-being and financial security of Teamsters Local Union 491 members. The Fund serves as a safety net, providing vital healthcare coverage and offering peace of mind during difficult times.

Who is the CEO of Teamsters Local Union 491 Health & Welfare Fund?

Vito Dragone Jr is the Trustee of Teamsters Local Union 491 Health & Welfare Fund.

What is the revenue of Teamsters Local Union 491 Health & Welfare Fund?

Teamsters Local Union 491 Health & Welfare Fund's revenue in 2022 was $7,759,714.

Who are the executives of Teamsters Local Union 491 Health & Welfare Fund and what are their salaries?

The average compensation at Teamsters Local Union 491 Health & Welfare Fund during 2022 was $10,748. There are 7 employees at Teamsters Local Union 491 Health & Welfare Fund.


Here are 4 key members and their salaries:


Vito Dragone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Mayros (Trustee)
  • Compensation: $4,800
  • Related: $0
  • Other: $0
Floyd Gladman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Costello (Trustee)
  • Compensation: $1,297
  • Related: $0
  • Other: $0
Where can I find the form 990 for Teamsters Local Union 491 Health & Welfare Fund?

Teamsters Local Union 491 Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Local Union 491 Health & Welfare Fund

Teamsters Local Union 491 Health & Welfare Fund is dedicated to extending health, hospitalization, life, and accidental death and dismemberment (AD&D) benefits to its affiliated members. This nonprofit organization achieves this mission by collaborating with fraternal beneficiary societies and voluntary employees associations. By leveraging these partnerships, Teamsters Local Union 491 Health & Welfare Fund is able to offer a comprehensive range of benefits to its members, providing them with peace of mind and financial security during challenging times. The nonprofit's primary goal is to ensure that its members have access to vital medical and financial support when they need it most.

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Impact




October, 2024

Teamsters Local Union 491 Health & Welfare Fund plays a critical role in supporting the well-being of its members by providing essential health, hospitalization, life, and accidental death and dismemberment (AD&D) benefits. Situated in Uniontown, PA, the Fund ensures that members of Teamsters Local Union 491 have access to vital healthcare services and financial support during times of need.

By collaborating with fraternal beneficiary societies and voluntary employee associations, the Fund delivers a comprehensive range of benefits that enhance the quality of life for its members and their families. This support not only fosters a sense of security within the community but also promotes overall health and resilience among the workforce. The Teamsters Local Union 491 Health & Welfare Fund is a significant resource that embodies the mutual benefit ethos, contributing to the strength and solidarity of the union's membership.




This information is meant to be a general summary of Teamsters Local Union 491 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
$7,759,714 (2022)
Expenses
$5,555,705 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $697,202
  • Program Service Revenue: $6,987,277
  • Gross Receipts: $7,775,232

Assets and Liabilities:

  • Total Assets: $30,083,367
  • Total Liabilities: $13,937
  • Net Assets: $30,069,430

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$6,966,249

PARTICIPANT CONTRIBUTIONS

Revenue

$21,028

LIQUIDATED DAMAGES & INTEREST

Organization Details

Founding Year

1960

Principal Officer

Vito Dragone Jr

Main Address

112 MORGANTOWN STREET, UNIONTOWN, PA, 15401

NTEE Category

Code: Y40 - Mutual benefit

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