Hagerstown Teamsters And Motor Carriers Health And Welfare Fund

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

EIN: 520629995 ✦ Hagerstown, MD ✦ Designated as a 501(c)(9)

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Overview

What is Hagerstown Teamsters And Motor Carriers Health And Welfare Fund?

Hagerstown Teamsters and Motor Carriers Health and Welfare Fund is a nonprofit organization located in Hagerstown, Maryland. Its primary mission is to provide health and death benefits coverage to eligible employees and their dependents working for contributing employers. The fund ensures the welfare of its participants by offering essential health benefits, thereby offering peace of mind and security.

Is Hagerstown Teamsters And Motor Carriers Health And Welfare Fund legitimate?

Hagerstown Teamsters And Motor Carriers Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hagerstown Teamsters And Motor Carriers 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 Hagerstown Teamsters And Motor Carriers Health And Welfare Fund?

The Hagerstown Teamsters and Motor Carriers Health and Welfare Fund is dedicated to offering health and death benefits coverage for eligible employees and their dependants, who are employed by contributing employers. Their primary objective is to ensure the well-being of these individuals by providing comprehensive health benefits and financial support in the event of a tragic loss. The fund aims to offer a sense of security and peace of mind, knowing that they are covered in times of need. The organization's activities revolve around administering and managing these health and death benefits, ensuring that they are accessible and beneficial to all eligible participants.

Who is the CEO of Hagerstown Teamsters And Motor Carriers Health And Welfare Fund?

Tom Krause is the Union Trustee of Hagerstown Teamsters And Motor Carriers Health And Welfare Fund.

What is the revenue of Hagerstown Teamsters And Motor Carriers Health And Welfare Fund?

Hagerstown Teamsters And Motor Carriers Health And Welfare Fund's revenue in 2022 was $10,952,331.

Who are the executives of Hagerstown Teamsters And Motor Carriers Health And Welfare Fund and what are their salaries?


Here are 5 key members and their salaries:


Tom Krause (Union Trustee)
  • Compensation: $0
  • Related: $136,185
  • Other: $0
Daniel Craytor (Union Trustee)
  • Compensation: $0
  • Related: $2,350
  • Other: $0
Michael Underkoffler (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Hoffman (Employer Trustee (P))
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Cowie (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hagerstown Teamsters And Motor Carriers Health And Welfare Fund?

Hagerstown Teamsters And Motor Carriers Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hagerstown Teamsters And Motor Carriers Health And Welfare Fund

The Hagerstown Teamsters and Motor Carriers Health and Welfare Fund is dedicated to providing health and death benefits coverage for eligible participants and their dependents who are employed by contributing employers. This nonprofit organization's mission is centered around ensuring the well-being of its members, offering them essential health and life protections during their employment. By contributing to this fund, employers provide their employees with a safety net, offering peace of mind and financial security in case of unforeseen health issues or unfortunate events. The Hagerstown Teamsters and Motor Carriers Health and Welfare Fund serves as a vital resource, safeguarding the health and well-being of its participants and their families.

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Impact




October, 2024

The Hagerstown Teamsters and Motor Carriers Health and Welfare Fund plays a crucial role in ensuring that eligible participants and their dependents receive essential health and death benefits. By offering this support, the fund provides financial security and peace of mind to individuals employed by contributing employers in the Hagerstown area. The benefits are critical for maintaining health, managing medical expenses, and providing for families in the event of unforeseen circumstances. This support not only enhances the well-being of employees but also contributes positively to the overall community by fostering healthier workforce dynamics and reducing the financial burden associated with healthcare costs.




This information is meant to be a general summary of Hagerstown Teamsters And Motor Carriers 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
$10,952,331 (2022)
Expenses
$6,585,862 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $266,404
  • Program Service Revenue: $10,685,927
  • Gross Receipts: $12,398,588

Assets and Liabilities:

  • Total Assets: $26,726,646
  • Total Liabilities: $46,896
  • Net Assets: $26,679,750

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$10,340,311

PARTICIPANT CONTRIBUTIONS

Revenue

$345,616

Organization Details

Founding Year

1953

Principal Officer

Tom Krause

Main Address

10312 REMINGTON DRIVE, HAGERSTOWN, MD, 21740

NTEE Category

Code: Y40 - Mutual benefit

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