Teamsters Insurance Premium Reimbursement

Teamsters Insurance

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

EIN: 266704198 ✦ Richmond, VA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Insurance Premium Reimbursement?

Teamsters Insurance Premium Reimbursement is a nonprofit organization, specifically named Teamsters Insurance, located at 8814 Fargo Road in Richmond, Virginia. Their primary mission is to offer financial assistance to retired participants and eligible spouses of the organization, covering a portion of their health insurance premium costs. This aid extends to COBRA/HIPAA premiums, Marketplace premiums associated with Affordable Care Act policies, and any other comprehensive medical benefit policies approved by the Fund's Board of Trustees. The organization's purpose is to accurately and promptly provide health care premium reimbursement benefits to eligible participants of the Fund.


Official website here: www.tjc83funds.org

Is Teamsters Insurance Premium Reimbursement legitimate?

Teamsters Insurance Premium Reimbursement is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Insurance Premium Reimbursement 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


Official website here: www.tjc83funds.org

What is the mission statement of Teamsters Insurance Premium Reimbursement?

The mission of Teamsters Insurance Premium Reimbursement is to offer accurate and timely health care premium reimbursement benefits to eligible participants of the fund. The primary objective of this fund is to reimburse part of the health insurance premiums paid by retired participants and eligible spouses. This includes the reimbursement of COBRA/HIPAA premiums, marketplace premiums charged for an Affordable Care Act policy, or any other comprehensive medical benefit policy approved by the fund's Board of Trustees. The sole purpose of this fund is to provide financial assistance with healthcare premiums, thereby easing the financial burden for eligible individuals.


Official website here: www.tjc83funds.org

Who is the CEO of Teamsters Insurance Premium Reimbursement?

James Smith is the Trustee of Teamsters Insurance Premium Reimbursement.


Official website here: www.tjc83funds.org

What is the revenue of Teamsters Insurance Premium Reimbursement?

Teamsters Insurance Premium Reimbursement's revenue in 2022 was $62,475.


Official website here: www.tjc83funds.org

Who are the executives of Teamsters Insurance Premium Reimbursement and what are their salaries?


Here are 6 key members and their salaries:


Jay Bowers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Robert Davidson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William A Nations (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Farrish (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Wright (Trustee)
  • Compensation: $0
  • Related: $133,650
  • Other: $56,506
James Smith (Trustee)
  • Compensation: $0
  • Related: $116,476
  • Other: $55,576


Official website here: www.tjc83funds.org

Where can I find the form 990 for Teamsters Insurance Premium Reimbursement?

Teamsters Insurance Premium Reimbursement's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tjc83funds.org

Learn more at the official website: www.tjc83funds.org

Mission Statement of Teamsters Insurance Premium Reimbursement

Teamsters Insurance Premium Reimbursement, as an organization, is committed to fulfilling its mission in a precise and timely manner. This mission revolves around providing health care premium reimbursement benefits to eligible participants of the fund. More specifically, the fund's primary objective is to reimburse a portion of the health insurance premiums paid by retired participants and eligible spouses. This reimbursement includes costs associated with COBRA/HIPAA premiums, marketplace premiums charged for an Affordable Care Act policy, or any other comprehensive medical benefit policy approved by the fund's Board of Trustees. By offering these reimbursements, Teamsters Insurance Premium Reimbursement aims to support the financial well-being of its eligible participants, ensuring they have access to necessary healthcare coverage.

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Impact




October, 2024

Teamsters Insurance Premium Reimbursement plays a critical role in supporting eligible participants by alleviating the financial burden of healthcare costs. By providing timely reimbursement for health insurance premiums, including COBRA/HIPAA and Affordable Care Act marketplace premiums, the initiative ensures that retired participants and their spouses can maintain access to essential healthcare services without facing overwhelming expenses.

The program addresses a significant need for retirees, who often live on fixed incomes and may struggle to cover their healthcare costs. By subsidizing these premiums, Teamsters Insurance Premium Reimbursement enhances the overall well-being and financial stability of its participants, allowing them to focus on their health rather than financial strain. In essence, the initiative contributes to a more secure and healthier retirement for those who have dedicated their careers to labor and service.




This information is meant to be a general summary of Teamsters Insurance Premium Reimbursement. 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
$62,475 (2022)
Expenses
$63,301 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $62,475
  • Gross Receipts: $62,475

Assets and Liabilities:

  • Total Assets: $635,881
  • Total Liabilities: $17,062
  • Net Assets: $618,819

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Programs

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

CONTRIBUTIONS

Revenue

$62,475

Organization Details

Founding Year

2009

Principal Officer

James Smith

Main Address

8814 FARGO ROAD 200, RICHMOND, VA, 232294673

NTEE Category

Code: Y43 - Mutual benefit

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