Board Of Trustees-Teamsters' Industry Welfare Fund

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

EIN: 256035969 ✦ Mcmurray, PA ✦ Designated as a 501(c)(9)

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Overview

What is Board Of Trustees-Teamsters' Industry Welfare Fund?

The Board of Trustees-Teamsters' Industry Welfare Fund is a nonprofit organization based in Pennsylvania. Its primary focus is on offering health and welfare benefits to its members and their dependents. The benefits package includes medical, dental, accident, disability, prescription drug, and death coverage. The Fund contracts with an insurance provider for hospital, medical, and surgical benefits while utilizing trust assets for additional benefits like dental, vision, short-term disability, and prescription drug coverage. The Fund does not provide post-retirement benefits.

Is Board Of Trustees-Teamsters' Industry Welfare Fund legitimate?

Board Of Trustees-Teamsters' Industry Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Board Of Trustees-Teamsters' Industry 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: $0

For more financial information, click here

What is the mission statement of Board Of Trustees-Teamsters' Industry Welfare Fund?

The Board of Trustees-Teamsters' Industry Welfare Fund is dedicated to providing health and welfare benefits to its members and their dependents. These benefits include medical, dental, accident, disability, prescription drug, and death coverage. The fund contracts with an insurance provider for hospital, medical, and surgical benefits, while also utilizing trust assets for dental, vision, short-term disability, prescription drug, and death benefits. Post-retirement benefits are not included in the fund's offerings.

Who is the CEO of Board Of Trustees-Teamsters' Industry Welfare Fund?

Angela Petersen is the Chairman-Labor Trustee of Board Of Trustees-Teamsters' Industry Welfare Fund.

What is the revenue of Board Of Trustees-Teamsters' Industry Welfare Fund?

Board Of Trustees-Teamsters' Industry Welfare Fund's revenue in 2022 was $12,411,433.

Who are the executives of Board Of Trustees-Teamsters' Industry Welfare Fund and what are their salaries?


Here are 10 key members and their salaries:


Joseph Podolak (Chairman-Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Youngs (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Bosetti (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Bertrand (Alternate Sec'Y - Mgmt. Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Huck (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Nemmer (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Waltz (Alternate Chair - Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles J Niederriter (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Harcar (Secretary - Mgmt. Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Teodori (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Board Of Trustees-Teamsters' Industry Welfare Fund?

Board Of Trustees-Teamsters' Industry Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Board Of Trustees-Teamsters' Industry Welfare Fund

The Board of Trustees-Teamsters' Industry Welfare Fund is a nonprofit organization committed to delivering health and welfare benefits to its members and their dependents. This encompasses a range of benefits, including medical, dental, accident, disability, prescription drug, and death benefits.

To fulfill its mission, the Fund contracts with an insurance provider for the coverage of hospital, medical, and surgical benefits. In addition to insurance coverage, the Fund also utilizes its trust assets to provide benefits for eligible participants and their dependents. These benefits include dental, vision, short-term disability, prescription drug, and death benefits, as outlined in the Benefit Plan Booklet of the Fund. It is important to note that post-retirement benefits are not provided under the Fund.

By offering these comprehensive benefits, the Board of Trustees-Teamsters' Industry Welfare Fund aims to support its members and their families in maintaining their overall wellbeing. The organization is dedicated to ensuring that those it serves have access to the necessary resources for their health and welfare, providing peace of mind and security in the face of various life challenges.

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Impact




October, 2024

The Board Of Trustees-Teamsters' Industry Welfare Fund significantly enhances the well-being of its members and their dependents by providing comprehensive health and welfare benefits. This includes medical, dental, accident, disability, and prescription drug coverage, along with death benefits. By contracting with insurance providers, the Fund ensures that participants have access to essential hospital, medical, and surgical benefits, thereby alleviating the financial burden of healthcare expenses.

Through its structured programs, the Fund supports eligible members in navigating health challenges and securing necessary medical care, ultimately promoting healthier lifestyles and peace of mind. The availability of services like dental and vision care further contributes to overall health maintenance, while short-term disability benefits offer vital support during times of need. This multifaceted approach to health and welfare benefits fosters a sense of security and stability for individuals and families within the workforce, making a considerable impact on their quality of life.




This information is meant to be a general summary of Board Of Trustees-Teamsters' Industry 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
$12,411,433 (2022)
Expenses
$10,448,008 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,153,229
  • Program Service Revenue: $11,258,204
  • Gross Receipts: $18,573,545

Assets and Liabilities:

  • Total Assets: $53,977,835
  • Total Liabilities: $9,275,499
  • Net Assets: $44,702,336

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$11,184,118

EMPLOYEE CONTRIBUTIONS

Revenue

$74,086

Organization Details

Founding Year

1955

Principal Officer

Angela Petersen

Main Address

3025 WASHINGTON ROAD 304, MCMURRAY, PA, 153173246

NTEE Category

Code: Y40 - Mutual benefit

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