Tma-Ila Welfare Plan International Longshoremen's Assoc

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

EIN: 591960263 ✦ Salem, VA ✦ Designated as a 501(c)(9)

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Overview

What is Tma-Ila Welfare Plan International Longshoremen's Assoc?

Tma-Ila Welfare Plan International Longshoremen's Assoc is a nonprofit organization based in Salem, Virginia. Its primary mission is to provide funded health and life insurance benefits for eligible participants who are members of the International Longshoremen's Association (ILA) locals 1402 and 1691. This organization is dedicated to supporting the well-being of its members by offering insurance benefits, ensuring financial security and peace of mind during challenging times. The organization operates within the specified local areas, providing essential benefits to their eligible participants and their dependents.

Is Tma-Ila Welfare Plan International Longshoremen's Assoc legitimate?

Tma-Ila Welfare Plan International Longshoremen's Assoc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Tma-Ila Welfare Plan International Longshoremen's Assoc 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: $15,882

For more financial information, click here

What is the mission statement of Tma-Ila Welfare Plan International Longshoremen's Assoc?

The Tma-Ila Welfare Plan, associated with the International Longshoremen's Association Local 1402 and 1691, is dedicated to providing health and life insurance benefits for eligible participants. The primary mission of this welfare plan is to ensure financial security and well-being for its members and their dependents. By funding these essential benefits, the welfare plan aims to alleviate potential financial burdens and provide peace of mind for its members. The plan's activities focus on offering comprehensive health and life insurance coverage, thereby enhancing overall financial stability and well-being for its beneficiaries.

Who is the CEO of Tma-Ila Welfare Plan International Longshoremen's Assoc?

David Nelson is the Co-Chairman of Tma-Ila Welfare Plan International Longshoremen's Assoc.

What is the revenue of Tma-Ila Welfare Plan International Longshoremen's Assoc?

Tma-Ila Welfare Plan International Longshoremen's Assoc's revenue in 2022 was $1,844,698.

Who are the executives of Tma-Ila Welfare Plan International Longshoremen's Assoc and what are their salaries?


Here are 9 key members and their salaries:


David Nelson (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Weston Ii (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Touzet (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Stout (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Franklin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Difresco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Hall (Alt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Gibson (Alt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Straker (Alt Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Tma-Ila Welfare Plan International Longshoremen's Assoc?

Tma-Ila Welfare Plan International Longshoremen's Assoc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Tma-Ila Welfare Plan International Longshoremen's Assoc

Tma-Ila Welfare Plan International Longshoremen's Assoc is an organization with a mission to provide health and life insurance benefits for eligible participants. These eligible participants are members of two specific local chapters of the International Longshoremen's Association: Locals 1402 and 1691. The purpose of this mission is to offer essential insurance coverage to these individuals, ensuring they have access to necessary medical care and financial support in the event of unforeseen circumstances. The Tma-Ila Welfare Plan International Longshoremen's Assoc is dedicated to funding these benefits, thereby providing a safety net for its members and their dependents.

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Impact




October, 2024

The Tma-Ila Welfare Plan of the International Longshoremen's Association plays a crucial role in supporting eligible members and their dependents by providing essential health and life insurance benefits. By ensuring access to these benefits, the plan helps to improve the overall well-being of longshoremen and their families, alleviating financial burdens associated with medical expenses and health-related issues.

In Salem, VA, this initiative fosters a sense of security among members of Locals 1402 and 1691, as it promotes a mutual benefit framework that enhances the stability and quality of life for those it serves. The plan not only addresses immediate health care needs but also contributes to long-term financial resilience, empowering working families within the longshore community. This comprehensive support strengthens community ties and reinforces the solidarity among workers in the maritime industry.




This information is meant to be a general summary of Tma-Ila Welfare Plan International Longshoremen's Assoc. 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
$1,844,698 (2022)
Expenses
$1,948,792 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,295
  • Program Service Revenue: $1,816,403
  • Gross Receipts: $1,844,698

Assets and Liabilities:

  • Total Assets: $1,803,533
  • Total Liabilities: $1,274
  • Net Assets: $1,802,259

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,777,439

OTHER CONTRIBUTIONS

Revenue

$38,964

Organization Details

Founding Year

1956

Principal Officer

David Nelson

Main Address

P O BOX 1769, SALEM, VA, 24153

NTEE Category

Code: Y40 - Mutual benefit

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