Overview
What is Cleveland Bakers And Teamsters Health And Welfare Fund?
The Cleveland Bakers and Teamsters Health and Welfare Fund is a nonprofit organization based in Valley View, Ohio, with an address at 9665 Rockside Road C, ZIP code 44125. With a team of 13 employees, their primary mission is to effectively manage and administer a multi-employer health and welfare plan for the benefit of participating employees and their dependents. They carry out essential functions to ensure the smooth operation of the plan, providing vital services to those enrolled.
Official website here: www.cbtfunds.com/
What are the reviews and ratings of this charity?
Cleveland Bakers And Teamsters Health And Welfare Fund does not currently have a rating from Charity Navigator. The absence of a rating indicates that the organization has not been evaluated yet, primarily due to its classification, as it is not a 501(c)(3) IRS registered nonprofit. This implies that standard evaluation methodologies, such as Accountability & Finance or Impact & Measurement, cannot be applied.
Charity Navigator's inability to rate this organization doesn't inherently suggest anything positive or negative; it simply underscores a limitation in their evaluation criteria for certain types of nonprofits. Furthermore, no specific financial data, such as revenue, expenses, or salary of key persons, is available, which typically contributes to a comprehensive analysis.
Given the independent status of the organization, it operates autonomously without affiliational ties impacting its governance. Unfortunately, without additional metrics or user reviews available from other platforms like GreatNonprofits, further insights into the organization's operations, community perception, or effectiveness remain limited.
This AI summary has been generated from information found on Charity Navigator.
Is Cleveland Bakers And Teamsters Health And Welfare Fund legitimate?
Cleveland Bakers And Teamsters Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cleveland Bakers And Teamsters Health And 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: $654,319
For more financial information, click here
Official website here: www.cbtfunds.com/
What is the mission statement of Cleveland Bakers And Teamsters Health And Welfare Fund?
The Cleveland Bakers and Teamsters Health and Welfare Fund carries out the essential duties of managing a multi-employer health and welfare plan. This role is undertaken on behalf of the participating employees and their dependents. The primary objective of the fund is to ensure the smooth administration of this plan to cater to the health and well-being needs of its members. The fund is committed to executing its functions meticulously and effectively in order to provide optimal benefits to those enrolled in the plan. By focusing on the administrative aspects of the health and welfare plan, the fund plays a crucial role in securing access to essential health services for its participants.
Official website here: www.cbtfunds.com/
Who is the CEO of Cleveland Bakers And Teamsters Health And Welfare Fund?
Carl Pecoraro is the Chairman of Cleveland Bakers And Teamsters Health And Welfare Fund.
Official website here: www.cbtfunds.com/
What is the revenue of Cleveland Bakers And Teamsters Health And Welfare Fund?
Cleveland Bakers And Teamsters Health And Welfare Fund's revenue in 2022 was $72,549,949.
Official website here: www.cbtfunds.com/
Who are the executives of Cleveland Bakers And Teamsters Health And Welfare Fund and what are their salaries?
The average compensation at Cleveland Bakers And Teamsters Health And Welfare Fund during 2022 was $50,332. There are 13 employees and 18 volunteers at Cleveland Bakers And Teamsters Health And Welfare Fund.
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- Compensation: $115,676
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- Other: $40,439
Official website here: www.cbtfunds.com/
Where can I find the form 990 for Cleveland Bakers And Teamsters Health And Welfare Fund?
Cleveland Bakers And Teamsters Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbtfunds.com/
Learn more at the official website: www.cbtfunds.com/
Mission Statement of Cleveland Bakers And Teamsters Health And Welfare Fund
Cleveland Bakers and Teamsters Health and Welfare Fund is a nonprofit organization dedicated to managing a multi-employer health and welfare plan. In simpler terms, they oversee the provision of health and related benefits to employees and their dependents from various participating employers. This fund plays a vital role in ensuring that eligible individuals have access to essential healthcare services.
The primary mission of Cleveland Bakers and Teamsters Health and Welfare Fund is to administer the multi-employer health and welfare plan on behalf of its participants and their dependents. By taking on this responsibility, the organization enables participating employers to offer comprehensive health benefits to their workforce, thus promoting a healthier and more productive workforce. The fund's activities include managing the plan's finances, negotiating contracts with healthcare providers, and implementing policies and procedures to ensure the plan's smooth operation.
In essence, Cleveland Bakers and Teamsters Health and Welfare Fund acts as a bridge between employers and their employees, ensuring that healthcare benefits are available and accessible to those who need them. By performing these functions, the organization helps to alleviate the burden on employers while providing valuable health and welfare benefits to their workforce. This, in turn, contributes to a stronger and more stable workforce, ultimately benefiting both the employers and the employees.
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Impact
October, 2024
Cleveland Bakers and Teamsters Health and Welfare Fund plays a significant role in supporting the health and well-being of participants and their dependents through its administration of a multi-employer health and welfare plan. By efficiently managing resources and providing essential health benefits, the Fund ensures that individuals and families have access to the care they need, promoting overall community health in Valley View, Ohio. This proactive approach helps to alleviate financial stress related to healthcare, empowering workers in the baking and teamster sectors to focus on their jobs and personal lives without the burden of overwhelming medical costs. Ultimately, the Fund fosters a supportive environment by enhancing the quality of life for its members and reinforcing the stability of the workforce.
This information is meant to be a general summary of Cleveland Bakers And Teamsters Health And 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: $1,703,215
- Program Service Revenue: $70,846,734
- Gross Receipts: $73,787,279
Assets and Liabilities:
- Total Assets: $93,528,628
- Total Liabilities: $5,568,032
- Net Assets: $87,960,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$62,369,801
Participants Contributions
Revenue
$5,158,421
Retiree Contributions
Revenue
$1,824,370
Formulary Rebates
Revenue
$1,417,520
Cobra Premiums Received
Revenue
$76,622
Organization Details
Founding Year
1952
Phone
(216) 781-6858Principal Officer
Carl Pecoraro
Main Address
9665 Rockside Road C, Valley View, OH, 44125
Website
www.cbtfunds.com/NTEE Category
Code: Y40 - Mutual benefit
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