Overview
What is Teamsters Local 237 Administrative Fund?
Teamsters Local 237 Administrative Fund is a holding entity based in New York City, New York. It receives contributions from NYC agency employers on behalf of the Teamsters Local 237 Welfare and Retirees' Benefit Funds, as stipulated in a Collective Bargaining Agreement (CBA) between the city and the union. The trustees of the administrative fund are responsible for allocating these contributions at their discretion. This fund acts as a crucial intermediary in managing the financial transactions related to the welfare and retirees' benefit funds.
Is Teamsters Local 237 Administrative Fund legitimate?
Teamsters Local 237 Administrative Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Teamsters Local 237 Administrative 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,698
For more financial information, click here
Mission Statement of Teamsters Local 237 Administrative Fund
The Teamsters Local 237 Administrative Fund serves as a holding entity for contributions received on behalf of the Teamsters Local 237 Welfare and Retirees' Benefit Funds, as outlined in a Collective Bargaining Agreement (CBA) between the City and the Union. The trustees of this fund are granted the discretion to allocate the funds as they see fit.
In essence, the Teamsters Local 237 Administrative Fund acts as a conduit, managing the receipt and subsequent distribution of funds to the welfare and retirees' benefit funds under the auspices of Teamsters Local 237. The trustees' decision-making authority enables them to allocate resources effectively, ensuring the continued support and sustainability of the designated benefit funds.
Impact
This information is meant to be a general summary of Teamsters Local 237 Administrative Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Teamsters Local 237 Administrative Fund plays a crucial role as a holding entity for contributions that are then allocated to other funds, specifically the Teamsters Local 237 Welfare and Retirees' Benefit Funds. Through a collective bargaining agreement with the City and the Union, this fund receives NYC agency employer contributions to support the welfare and retirement benefits of its members. The trustees have the responsibility of allocating these contributions at their discretion, ensuring that union members receive the necessary support for their employment needs.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$59,785,380
Organization Details
Founding Year
2015
Phone
(212) 924-2000
Principal Officer
Gregory Floyd
Main Address
216 W 14TH STREET, NEW YORK, NY, 10011
NTEE Category
Code: J40 - Employment
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