Overview
What is Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund is a local, union-negotiated trust based in Charleston, West Virginia, with an address at 6810 MacCorkle Avenue SE. This nonprofit organization's primary mission is to provide health and welfare benefits for eligible participants, as outlined in collective bargaining agreements and employee payments. The trust's purpose involves receiving, preserving, and investing contributions from employers and employees to ensure the provision of essential health and welfare benefits. With a total of three employees, the fund operates area-wide to support union members.
Is Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund legitimate?
Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer-Teamsters Local Nos 175 & 505 Health & 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: $52,536
For more financial information, click here
What is the mission statement of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
The Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund serves the purpose of administering health and welfare benefits for eligible participants. Established through collective bargaining agreements, the trust aims to preserve and invest contributions from employers and employee payments. Its primary mission is to provide comprehensive health and welfare benefits to those it serves. The fund's area-wide reach and union affiliation make it a vital resource for offering union-negotiated benefits and ensuring the wellbeing of its members.
Who is the CEO of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
Frank T Litton Jr is the Trustee of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund.
What is the revenue of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund's revenue in 2022 was $25,493,707.
Who are the executives of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund and what are their salaries?
The average compensation at Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund during 2022 was $17,512. There are 3 employees at Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund?
Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund
Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund is a trust dedicated to delivering health and welfare benefits to eligible participants. Established through collective bargaining agreements, this organization receives contributions from employers and employee payments to finance its mission. The primary goal of the Fund is to preserve, invest, and allocate resources to ensure the provision of essential health and welfare services to those it serves.
In pursuit of its purpose, the Trust Fund collects and manages funds for the sole intention of enhancing the wellbeing of its participants. By pooling resources, it is able to negotiate favorable benefits and offer a comprehensive range of services tailored to its union members. The Fund's activities are centered around the well-being of its participants, as it strives to maintain and improve their overall health and quality of life.
Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund functions as a collaborative entity between employers and union members. It serves as a vital bridge, facilitating the delivery of health and welfare benefits through the collective bargaining process. Its mission is to ensure that the agreements reached between the parties are implemented effectively, providing peace of mind and security to those it serves.
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
The Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund plays a crucial role in providing health and welfare benefits to eligible participants in the Charleston, WV area. By acting as a union-negotiated, union-management trusteed fund, it ensures that contributions made by employers, as stipulated in collective bargaining agreements, are effectively managed.
The Fund's mission focuses on receiving, preserving, and investing these contributions, along with any direct payments made by employees. Its impact is significant, as it helps to enhance the well-being of union members and their families by offering access to necessary health services and support. This ensures that workers have a safety net for medical expenses, thereby promoting better health outcomes and financial stability among participants. Ultimately, the Fund fosters a sense of security and mutual benefit within the community it serves.
This information is meant to be a general summary of Employer-Teamsters Local Nos 175 & 505 Health & 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$258,921
- Program Service Revenue: $25,745,318
- Gross Receipts: $40,817,375
Assets and Liabilities:
- Total Assets: $28,256,772
- Total Liabilities: $101,909
- Net Assets: $28,154,863
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
$25,660,513
Subsidy to Retiree Fund
Revenue
$43,737
Self-Pay Premiums
Revenue
$41,068
Organization Details
Founding Year
1959
Phone
(304) 925-4181Principal Officer
Frank T Litton Jr
Main Address
6810 MacCorkle Avenue SE, Charleston, WV, 25304
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Employer-Teamsters Local Nos 175 & 505 Health & 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.