Minnesota Teamsters Joint Council No 32 Health And Welfare Fund

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

EIN: 411459141 ✦ Minneapolis, MN ✦ Designated as a 501(c)(9)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Minnesota Teamsters Joint Council No 32 Health And Welfare Fund?

Minnesota Teamsters Joint Council No 32 Health And Welfare Fund is a nonprofit organization situated in Minneapolis, Minnesota. The primary function of this fund is to provide severance pay and supplemental life insurance benefits to eligible participants and their beneficiaries, in accordance with the Summary Plan Description. With a team of 14 employees, they are committed to supporting their members during challenging times by offering financial assistance in the form of these benefits.

Is Minnesota Teamsters Joint Council No 32 Health And Welfare Fund legitimate?

Minnesota Teamsters Joint Council No 32 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Minnesota Teamsters Joint Council No 32 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: $0

For more financial information, click here

What is the mission statement of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund?

The Minnesota Teamsters Joint Council No 32 Health And Welfare Fund is committed to providing mission-aligned services. Its primary objective is to offer severance pay and supplemental life insurance benefits to eligible participants. This fund carries out its mission by making payments for severance pay and supplemental life insurance benefits, as outlined in the Summary Plan Description. The aim is to support individuals during challenging periods, providing them with financial assistance during times of job loss or transition. The fund's activities are essential in providing a safety net, ensuring beneficiaries can maintain their financial stability.

Who is the CEO of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund?

Tom Erickson is the President - Past of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund.

What is the revenue of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund?

Minnesota Teamsters Joint Council No 32 Health And Welfare Fund's revenue in 2022 was $365,529.

Who are the executives of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund and what are their salaries?

There are 14 employees at Minnesota Teamsters Joint Council No 32 Health And Welfare Fund.


Here are 8 key members and their salaries:


Lawrence Yoswa (President - Past)
  • Compensation: $0
  • Related: $24,000
  • Other: $4,562
Trevor Lawrence (Secretary-Treasurer)
  • Compensation: $0
  • Related: $24,035
  • Other: $4,704
Brian Aldes (Vice President)
  • Compensation: $0
  • Related: $19,235
  • Other: $4,704
Scott Gelhar (Recording Secretary - Past)
  • Compensation: $0
  • Related: $3,450
  • Other: $0
Roderick Alstead (Recording Secretary)
  • Compensation: $0
  • Related: $13,350
  • Other: $0
Richard Erickson (President)
  • Compensation: $0
  • Related: $12,000
  • Other: $0
Mike Debuck (Trustee)
  • Compensation: $0
  • Related: $12,000
  • Other: $0
Jesse Case (Trustee)
  • Compensation: $0
  • Related: $9,900
  • Other: $0
Where can I find the form 990 for Minnesota Teamsters Joint Council No 32 Health And Welfare Fund?

Minnesota Teamsters Joint Council No 32 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund

Minnesota Teamsters Joint Council No 32 Health And Welfare Fund is an organization dedicated to providing support for eligible participants. Their primary mission, as stated, is to offer severance pay and supplemental life insurance benefits. This nonprofit aims to implement these benefits as outlined in the Summary Plan Description, thereby providing financial assistance and security to those who fall under its purview. The Fund's activities are centered around the payment of severance pay and supplemental life insurance benefits, ensuring that beneficiaries receive the necessary support during challenging times.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Minnesota Teamsters Joint Council No 32 Health And Welfare Fund plays a vital role in supporting eligible participants and their beneficiaries by providing severance pay and supplemental life insurance benefits. This assistance helps individuals transition more smoothly during times of job loss, ensuring financial stability during periods of uncertainty.

By fulfilling its mission, the Fund addresses critical needs that arise during employment transitions, thereby enhancing the well-being of its members. Access to supplemental life insurance also contributes to peace of mind for participants, knowing that their loved ones would receive financial support in case of unforeseen events. Overall, the Fund significantly impacts the lives of those it serves by promoting mutual benefit and security within the community.




This information is meant to be a general summary of Minnesota Teamsters Joint Council No 32 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.

Revenue
$365,529 (2022)
Expenses
$419,357 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $35,665
  • Program Service Revenue: $329,864
  • Gross Receipts: $841,565

Assets and Liabilities:

  • Total Assets: $1,994,590
  • Total Liabilities: $202,161
  • Net Assets: $1,792,429

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$314,120

RETIREE LIFE INSURANCE

Revenue

$15,744

Organization Details

Founding Year

1983

Principal Officer

Tom Erickson

Main Address

3001 UNIVERSITY AVENUE SE, MINNEAPOLIS, MN, 55414

NTEE Category

Code: Y40 - Mutual benefit

If you are a representative of Minnesota Teamsters Joint Council No 32 Health And Welfare Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.