Health And Welfare Trust Local No 743

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

EIN: 366076696 ✦ Schaumburg, IL ✦ Designated as a 501(c)(9)

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Overview

What is Health And Welfare Trust Local No 743?

Health And Welfare Trust Local No 743 is a nonprofit organization situated in Schaumburg, Illinois, at 20 N Martingale Road. Their primary mission is to provide essential health, dental, prescription, and death benefits to eligible members and their dependents. These benefits are extended to individuals who have previously performed work under the collective bargaining agreement with the local union. The trust aims to support its members and their families during various health-related needs, ensuring they have access to necessary medical services and financial assistance during challenging times.


Official website here: www.teamsters743.org

Is Health And Welfare Trust Local No 743 legitimate?

Health And Welfare Trust Local No 743 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health And Welfare Trust Local No 743 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.teamsters743.org

What is the mission statement of Health And Welfare Trust Local No 743?

Health And Welfare Trust Local No 743's mission is centered around providing essential benefits to eligible individuals. This includes health, dental, prescription, and even death benefits. These benefits are extended to those who have previously worked under the collective bargaining agreement with the local union. The organization's primary objective is to ensure the well-being of its participants, providing them with necessary healthcare support throughout their lives. It serves as a safety net, offering crucial benefits during critical life events such as health crises or the passing of a loved one.


Official website here: www.teamsters743.org

Who is the CEO of Health And Welfare Trust Local No 743?

Debra Simmons-Peterson is the Trustee of Health And Welfare Trust Local No 743.


Official website here: www.teamsters743.org

What is the revenue of Health And Welfare Trust Local No 743?

Health And Welfare Trust Local No 743's revenue in 2023 was $7,412,192.


Official website here: www.teamsters743.org

Who are the executives of Health And Welfare Trust Local No 743 and what are their salaries?

There are 40 employees at Health And Welfare Trust Local No 743.


Here are 5 key members and their salaries:


Debra Simmons-Peterson (Trustee)
  • Compensation: $0
  • Related: $203,222
  • Other: $36,132
James Thomas (Alternate Trustee)
  • Compensation: $0
  • Related: $164,862
  • Other: $60,381
Jose Silva (Trustee)
  • Compensation: $0
  • Related: $143,572
  • Other: $53,833
Jay Sandler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Kozin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.teamsters743.org

Where can I find the form 990 for Health And Welfare Trust Local No 743?

Health And Welfare Trust Local No 743's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.teamsters743.org

Learn more at the official website: www.teamsters743.org

Mission Statement of Health And Welfare Trust Local No 743

Health and Welfare Trust Local No 743 is committed to providing essential health, dental, prescription, and death benefits to eligible participants. This organization's mission is to extend these benefits to individuals who have previously performed work under the collective bargaining agreement with the local union. By offering these benefits, Health and Welfare Trust Local No 743 aims to support the health and well-being of its members and their dependents. The trust ensures that eligible participants have access to necessary medical services, dental care, prescription medications, and financial assistance in the event of a death. This proactive approach to healthcare and financial security allows individuals to focus on their well-being and daily lives, with the peace of mind that vital support is readily available.

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Impact




October, 2024

Health And Welfare Trust Local No 743 plays a crucial role in supporting the well-being of workers and their families by providing vital health, dental, prescription, and death benefits. This organization ensures that eligible participants who have worked under the collective bargaining agreement with the local union receive essential healthcare services, helping to promote physical health and overall quality of life.

By offering health benefits, it addresses the medical needs of members, ensuring access to necessary treatments and preventative care. The dental coverage helps maintain oral health, which is an integral part of an individual's overall well-being. Prescription benefits provide crucial access to medications, enabling members to manage health conditions effectively.

Furthermore, the provision of death benefits offers financial support to families during difficult times, highlighting the organization’s commitment to its members even after their passing. Overall, Health And Welfare Trust Local No 743 significantly impacts the lives of eligible participants and their dependents, fostering a sense of security and care within the community.




This information is meant to be a general summary of Health And Welfare Trust Local No 743. 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
$7,412,192 (2023)
Expenses
$7,160,680 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $88,499
  • Program Service Revenue: $7,323,693
  • Gross Receipts: $8,220,930

Assets and Liabilities:

  • Total Assets: $5,950,570
  • Total Liabilities: $50,388
  • Net Assets: $5,900,182

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$7,267,984

PARTICIPANT CONTRIBUIT

Revenue

$55,709

Organization Details

Founding Year

1955

Principal Officer

Debra Simmons-Peterson

Main Address

20 N MARTINGALE ROAD, SCHAUMBURG, IL, 60173

NTEE Category

Code: Y40 - Mutual benefit

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