Area Teamsters Insurance Benefit Plan

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

EIN: 364250648 ✦ Lyons, IL ✦ Designated as a 501(c)(9)

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Overview

What is Area Teamsters Insurance Benefit Plan?

Area Teamsters Insurance Benefit Plan is a nonprofit organization established in Lyons, Illinois. Its primary objective is to offer comprehensive health, dental, vision, and life benefits to its participants and their families. Operating with a small workforce of three individuals, this plan is dedicated to ensuring the well-being of its members, providing them with essential healthcare services.

Is Area Teamsters Insurance Benefit Plan legitimate?

Area Teamsters Insurance Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Area Teamsters Insurance Benefit Plan 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: $101,468

For more financial information, click here

What is the mission statement of Area Teamsters Insurance Benefit Plan?

The Area Teamsters Insurance Benefit Plan is committed to providing health, dental, vision, and life benefits to its participants and their families. This organization's mission is centered around ensuring the well-being of its members by offering comprehensive coverage in these key areas. By providing these benefits, the Plan aims to enhance the quality of life for its participants, offering them peace of mind and essential health support.

Who is the CEO of Area Teamsters Insurance Benefit Plan?

James Glimco is the Trustee of Area Teamsters Insurance Benefit Plan.

What is the revenue of Area Teamsters Insurance Benefit Plan?

Area Teamsters Insurance Benefit Plan's revenue in 2022 was $4,054,024.

Who are the executives of Area Teamsters Insurance Benefit Plan and what are their salaries?

The average compensation at Area Teamsters Insurance Benefit Plan during 2022 was $33,823. There are 3 employees at Area Teamsters Insurance Benefit Plan.


Here are 3 key members and their salaries:


James Glimco (Trustee)
  • Compensation: $0
  • Related: $98,400
  • Other: $23,868
Melvin Siegal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Glimco Alternate Trustee (Trustee)
  • Compensation: $0
  • Related: $106,400
  • Other: $31,746
Where can I find the form 990 for Area Teamsters Insurance Benefit Plan?

Area Teamsters Insurance Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Area Teamsters Insurance Benefit Plan

The Area Teamsters Insurance Benefit Plan, as an organization, is committed to providing essential health, dental, vision, and life benefits to its participants and their families. Its mission is centered around extending these vital benefits, aiming to enhance the well-being and overall health of those it serves. By offering a comprehensive range of benefits, the Plan seeks to contribute positively to the lives of its participants, fostering a sense of security and support in the face of health-related challenges.

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Impact




October, 2024

The Area Teamsters Insurance Benefit Plan has a significant impact on the well-being of participants and their families by providing essential health, dental, vision, and life benefits. This comprehensive support helps ensure that individuals have access to necessary medical care, preventive services, and treatment options, which can lead to improved health outcomes and a better quality of life.

By offering these benefits, the plan alleviates financial burdens associated with healthcare costs, thereby enhancing the overall financial stability of families. Participants can focus on their work and personal lives without the added stress of worrying about medical expenses, which fosters a sense of security and peace of mind. This mutual benefit aspect strengthens community ties among participants, as they support one another through shared advantages and resources.

The plan plays a crucial role in promoting healthy lifestyles and proactive health management, which can contribute to reduced absenteeism and increased productivity in the workplace. Overall, the Area Teamsters Insurance Benefit Plan empowers individuals and families in Lyons, IL, by ensuring they have the necessary tools and support to lead healthy, fulfilling lives.




This information is meant to be a general summary of Area Teamsters Insurance Benefit Plan. 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
$4,054,024 (2022)
Expenses
$3,940,432 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,981
  • Program Service Revenue: $3,985,521
  • Gross Receipts: $4,054,024

Assets and Liabilities:

  • Total Assets: $1,178,131
  • Total Liabilities: $12,492
  • Net Assets: $1,165,639

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$3,970,691

PARTICIPANT CONTRIBUTI

Revenue

$14,830

Organization Details

Founding Year

1999

Principal Officer

James Glimco

Main Address

7827 OGDEN AVENUE, LYONS, IL, 60534

NTEE Category

Code: Y43 - Mutual benefit

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