Overview
What is Teamsters Local 1164 Welfare Fund?
Teamsters Local 1164 Welfare Fund is a nonprofit organization situated in Cleveland, Ohio, with a primary focus on providing various health and disability benefits to around 300 eligible participants from six contributing employers. Established at 3236 WEST 25TH STREET, this fund offers sickness, accident, life, short-term disability, dental, vision, and accidental death and dismemberment benefits, as well as hospitalization coverage. The organization's mission is to ensure the well-being of its participants during challenging times, providing essential support and resources to maintain their overall health and financial stability.
Is Teamsters Local 1164 Welfare Fund legitimate?
Teamsters Local 1164 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 1164 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: $52,784
For more financial information, click here
What is the mission statement of Teamsters Local 1164 Welfare Fund?
The Teamsters Local 1164 Welfare Fund's mission is to provide a range of health and financial benefits to approximately 300 eligible participants from six contributing employers. This includes coverage for sickness, accidents, life, short-term disability, dental care, vision, accidental death and dismemberment, and hospitalization. The fund's primary goal is to serve and support these individuals during various life circumstances.
Who is the CEO of Teamsters Local 1164 Welfare Fund?
Michael Bolyard is the Trustee of Teamsters Local 1164 Welfare Fund.
What is the revenue of Teamsters Local 1164 Welfare Fund?
Teamsters Local 1164 Welfare Fund's revenue in 2022 was $4,628,527.
Who are the executives of Teamsters Local 1164 Welfare Fund and what are their salaries?
The average compensation at Teamsters Local 1164 Welfare Fund during 2022 was $52,784. There is 1 employee at Teamsters Local 1164 Welfare Fund.
Here are 3 key members and their salaries:
- 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 Local 1164 Welfare Fund?
Teamsters Local 1164 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local 1164 Welfare Fund
Teamsters Local 1164 Welfare Fund is committed to providing essential benefits to approximately 300 eligible participants, hailing from six contributing employers. This nonprofit organization takes on the mission of offering sick, accident, life, short-term disability, dental, vision, AD&D, and hospitalization benefits. By doing so, it aims to ensure the well-being and security of its beneficiaries, providing them with a safety net during challenging times. The Fund's mission is to serve as a reliable source of support, offering a comprehensive range of benefits that can alleviate financial stress and promote overall health and wellness.
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Impact
October, 2024
The Teamsters Local 1164 Welfare Fund significantly enhances the well-being of approximately 300 eligible participants by providing essential benefits that address critical health and financial needs. By offering support for sick leave, accidents, life insurance, short-term disability, dental and vision care, accidental death and dismemberment coverage, as well as hospitalization benefits, the fund ensures that members and their families have access to necessary resources during challenging times.
This impactful support system not only alleviates the financial burdens associated with healthcare and unexpected life events but also promotes peace of mind for participants. By collaborating with six contributing employers in Cleveland, Ohio, the fund fosters a sense of community and mutual benefit that highlights the importance of collective support in enhancing the quality of life for workers. Overall, the Teamsters Local 1164 Welfare Fund plays a crucial role in safeguarding the health and security of its members, reinforcing the value of solidarity in the workforce.
This information is meant to be a general summary of Teamsters Local 1164 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: $192
- Program Service Revenue: $4,628,335
- Gross Receipts: $8,152,410
Assets and Liabilities:
- Total Assets: $5,330,048
- Total Liabilities: $362,537
- Net Assets: $4,967,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,260,337
PARTICIPANT CONTRIBUTIONS
Revenue
$367,998
Organization Details
Founding Year
1957
Phone
(216) 351-8040Principal Officer
Michael Bolyard
Main Address
3236 WEST 25TH STREET, CLEVELAND, OH, 44109
NTEE Category
Code: Y40 - Mutual benefit
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