Overview
What is Teamsters Local No 1150 Prescription Drug Benefit Fund?
Teamsters Local No 1150 Prescription Drug Benefit Fund is a charity based in Wallingford, Connecticut. Specifically focused on Teamsters Local Union 1150 members and their dependents employed at Sikorsky Aircraft, this organization offers prescription benefits. The primary mission is to ensure eligible individuals have access to essential medications, contributing to their overall well-being.
Is Teamsters Local No 1150 Prescription Drug Benefit Fund legitimate?
Teamsters Local No 1150 Prescription Drug Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local No 1150 Prescription Drug Benefit 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 Teamsters Local No 1150 Prescription Drug Benefit Fund?
The Teamsters Local No 1150 Prescription Drug Benefit Fund is dedicated to extending prescription benefits to its members who are employed at Sikorsky Aircraft. This organization's primary mission revolves around ensuring that eligible members and their dependents have access to essential prescription medications. The fund's purpose is to alleviate the financial burden of obtaining necessary medications for those enrolled. By offering prescription benefits, the Teamsters Local No 1150 Prescription Drug Benefit Fund enhances the overall well-being and quality of life of its members.
Who is the CEO of Teamsters Local No 1150 Prescription Drug Benefit Fund?
Rocco Calo is the Union Trustee of Teamsters Local No 1150 Prescription Drug Benefit Fund.
What is the revenue of Teamsters Local No 1150 Prescription Drug Benefit Fund?
Teamsters Local No 1150 Prescription Drug Benefit Fund's revenue in 2022 was $20,007,350.
Who are the executives of Teamsters Local No 1150 Prescription Drug Benefit Fund and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $27,681
- Other: $9,259
- Compensation: $0
- Related: $192,216
- Other: $65,620
- Compensation: $0
- Related: $43,000
- 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 Teamsters Local No 1150 Prescription Drug Benefit Fund?
Teamsters Local No 1150 Prescription Drug Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local No 1150 Prescription Drug Benefit Fund
Teamsters Local No 1150 Prescription Drug Benefit Fund is a mission-driven organization that focuses on providing essential prescription benefits to eligible members and dependents of Teamsters Local Union 1150 employed at Sikorsky Aircraft. This fund serves as a vital support system, ensuring that these individuals have access to necessary medications, thereby enhancing their overall well-being.
In more detail, the Teamsters Local No 1150 Prescription Drug Benefit Fund plays a pivotal role in enhancing the healthcare experience of its members. By offering prescription benefits, it enables them to manage their health conditions effectively and maintain a good quality of life. The fund's commitment extends beyond just covering prescription costs, as it also ensures that the members have access to a comprehensive array of medications to address various health concerns. This not only benefits the individuals themselves but also their families, as they often play a crucial role in caring for their loved ones. The fund's mission lies in fostering a healthier community by alleviating the financial burden of prescription costs, and thereby empowering its members to focus on their recovery and wellbeing.
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Impact
October, 2024
The Teamsters Local No 1150 Prescription Drug Benefit Fund plays a crucial role in providing essential prescription benefits to eligible members and their dependents associated with Teamsters Local Union 1150 at Sikorsky Aircraft. By facilitating access to necessary medications, the fund significantly enhances the health and well-being of its members, ensuring they can manage their health conditions effectively without the overwhelming burden of high prescription costs.
This support not only helps individuals maintain their physical health but also contributes positively to their overall quality of life. By alleviating financial stress related to prescription medications, the fund enables members to focus on their jobs and personal lives, fostering a more productive workforce. Additionally, the Fund serves as a mutual benefit for the community, reinforcing the solidarity and support prevalent among union members. Overall, the Teamsters Local No 1150 Prescription Drug Benefit Fund is instrumental in promoting healthier lives and a better work environment for members employed at Sikorsky Aircraft in Wallingford, CT.
This information is meant to be a general summary of Teamsters Local No 1150 Prescription Drug Benefit 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: $116,214
- Program Service Revenue: $13,207,591
- Gross Receipts: $20,282,843
Assets and Liabilities:
- Total Assets: $10,981,826
- Total Liabilities: $1,022,834
- Net Assets: $9,958,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$10,960,749
PARTICIPANT CONTRIBUTIONS
Revenue
$2,162,517
COBRA CONTRIBUTIONS
Revenue
$84,325
Organization Details
Founding Year
2009
Phone
(203) 269-7741Principal Officer
Rocco Calo
Main Address
PO BOX 5817, WALLINGFORD, CT, 06492
NTEE Category
Code: Y43 - Mutual benefit
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