Overview
What is Teamsters Local 348 Health & Welfare Fund?
Teamsters Local 348 Health & Welfare Fund is a nonprofit organization situated in Akron, Ohio. Its primary mission is to offer healthcare, dental, life insurance, accidental death and dismemberment, as well as sick and accident benefits to approximately 430 participants. This includes both active and retired members of Local 348 and their families. The fund's activities are centered around providing health and insurance benefits to ensure the well-being of its members. With a small team of three employees, this fund plays a significant role in supporting its community.
Is Teamsters Local 348 Health & Welfare Fund legitimate?
Teamsters Local 348 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 348 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: $38,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,240
For more financial information, click here
What is the mission statement of Teamsters Local 348 Health & Welfare Fund?
The Teamsters Local 348 Health & Welfare Fund is committed to providing health and insurance benefits for the active and retired members of Local 348, as well as their families. This mission is carried out by offering a range of benefits, such as hospitalization, dental coverage, life insurance, accidental death and dismemberment, and sick and accident benefits. The fund aims to support approximately 430 participants, ensuring they have access to essential medical and insurance services.
Who is the CEO of Teamsters Local 348 Health & Welfare Fund?
Dan F Darrow is the Employer Tru of Teamsters Local 348 Health & Welfare Fund.
What is the revenue of Teamsters Local 348 Health & Welfare Fund?
Teamsters Local 348 Health & Welfare Fund's revenue in 2022 was $9,456,974.
Who are the executives of Teamsters Local 348 Health & Welfare Fund and what are their salaries?
The average compensation at Teamsters Local 348 Health & Welfare Fund during 2022 was $32,030. There are 3 employees at Teamsters Local 348 Health & Welfare Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 348 Health & Welfare Fund?
Teamsters Local 348 Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local 348 Health & Welfare Fund
Teamsters Local 348 Health & Welfare Fund is committed to providing essential health and insurance benefits for the active and retired members of Local 348, as well as their families. Their mission is to ensure the well-being of this community by offering a comprehensive range of benefits, including hospitalization, dental care, life insurance, accidental death and dismemberment coverage, and sick and accident benefits. By doing so, the Fund aims to provide a safety net and peace of mind to approximately 430 participants, enabling them to focus on their lives and families without the added worry of healthcare expenses. In essence, Teamsters Local 348 Health & Welfare Fund serves as a reliable and supportive partner, ensuring that its members have access to the medical care they need when they need it.
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Impact
October, 2024
Teamsters Local 348 Health & Welfare Fund plays a crucial role in supporting the health and financial well-being of active and retired members of Local 348 and their families. By providing essential benefits—including hospitalization, dental care, life insurance, accidental death and dismemberment coverage, as well as sick and accident benefits—this fund directly impacts the lives of approximately 430 participants in Akron, Ohio.
The comprehensive health and insurance benefits ensure that members have access to necessary medical care, safeguarding their health and that of their loved ones. This support not only alleviates financial burdens resulting from medical expenses but also brings peace of mind to members facing health challenges. By prioritizing the welfare of its members, Teamsters Local 348 Health & Welfare Fund fosters a sense of community and mutual support, essential for maintaining the quality of life for those it serves.
This information is meant to be a general summary of Teamsters Local 348 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $75,223
- Program Service Revenue: $9,381,751
- Gross Receipts: $11,442,708
Assets and Liabilities:
- Total Assets: $9,877,848
- Total Liabilities: $2,703
- Net Assets: $9,875,145
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$9,213,869
INDIVIDUAL CONTRIBUTIONS
Revenue
$167,397
SETTLEMENTS & REFUNDS
Revenue
$485
Organization Details
Founding Year
1968
Phone
(330) 434-3729Principal Officer
Dan F Darrow
Main Address
272 WEST MARKET STREET, AKRON, OH, 443032132
NTEE Category
Code: Y40 - Mutual benefit
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