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Teamsters Local 237 Administrative Fund

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

EIN: 476794596 ✦ New york, NY ✦ Designated as a 501(c)(5)

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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.

What are the reviews and ratings of this charity?

The Teamsters Local 237 Administrative Fund is not currently rated by Charity Navigator due to its classification outside the 501(c)(3) IRS designation, which limits its eligibility for a detailed charity evaluation. This absence does not implicitly suggest the organization's operational standing but reflects its structural distinction from traditional charities typically reviewed by Charity Navigator.

Charity Navigator's evaluation system has been updated to include factors such as Leadership & Adaptability and Culture & Community. However, these elements are not applicable to the Teamsters Local 237 Administrative Fund due to the absence of required IRS registration, thereby focusing historic evaluations primarily on Accountability and Finance metrics which are also restricted by lack of filed Form 990 data.

There are no user reviews available from GreatNonprofits for the Teamsters Local 237 Administrative Fund, leaving us without direct community feedback or insights into the experiences of individuals connected to or served by this organization.


This AI summary has been generated from information found on Charity Navigator.

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 tax deductible.


Heare 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

What is the mission statement of Teamsters Local 237 Administrative Fund?

The Teamsters Local 237 Administrative Fund functions as a holding entity for contributions received from NYC agency employer contributions, as outlined in a Collective Bargaining Agreement (CBA) between the city and the union. The trustees of the fund are granted the authority to allocate the funds at their discretion. The role of the Teamsters Local 237 Administrative Fund is to manage these contributions on behalf of the Teamsters Local 237 Welfare and Retirees' Benefit Funds. By doing so, they facilitate the distribution of resources to support the welfare and retirement benefits of the union members.

Who is the CEO of Teamsters Local 237 Administrative Fund?

Gregory Floyd is the Chairman of Teamsters Local 237 Administrative Fund.

What is the revenue of Teamsters Local 237 Administrative Fund?

Teamsters Local 237 Administrative Fund's revenue in 2022 was $59,903,795.

Who are the executives of Teamsters Local 237 Administrative Fund and what are their salaries?


Here are 3 key members and their salaries:


Gregory Floyd (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruben Torres (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Arnold (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Teamsters Local 237 Administrative Fund?

Teamsters Local 237 Administrative Fund's most recent form 990 was submitted in 2022 and can be accessed 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.

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Impact




October, 2024

Teamsters Local 237 Administrative Fund plays a crucial role in supporting the welfare and retirement benefits of employees in New York City. By receiving contributions from various NYC agency employers, the fund ensures that resources are allocated effectively to support Teamsters Local 237 Welfare and Retirees' Benefit Funds. The trustees of the fund have the responsibility to decide how these contributions are distributed, which directly impacts the financial support available for retirees and active union members.

This fund acts as a vital holding entity for contributions, facilitating the transfer of funds that help enhance the quality of life for union members through health benefits and retirement security. Through its operations, Teamsters Local 237 Administrative Fund fosters a sense of economic stability and security among its members, ultimately improving employee welfare in the public sector.




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.


Financials

This financial information is from Propublica.

Revenue
$59,903,795 (2022)
Expenses
$59,903,795 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $59,785,380
  • Gross Receipts: $59,903,795

Assets and Liabilities:

  • Total Assets: $9,691,620
  • Total Liabilities: $9,691,620
  • Net Assets: $0

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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

Principal Officer

Gregory Floyd

Main Address

216 W 14TH STREET, NEW YORK, NY, 10011

NTEE Category

Code: J40 - Employment

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