Teamsters Local 2727 Retiree Medical Benefits Trust

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

EIN: 834232289 ✦ Phoenix, AZ ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local 2727 Retiree Medical Benefits Trust?

Teamsters Local 2727 Retiree Medical Benefits Trust is a nonprofit entity located at 2550 W UNION HILLS DRIVE 290, Phoenix, AZ 85027. Its primary mission is to provide retiree health and welfare benefits to union members who are covered under collective bargaining agreements between the union and their employers. This organization ensures that eligible retirees have access to necessary medical benefits, contributing to their overall well-being and financial security.

Is Teamsters Local 2727 Retiree Medical Benefits Trust legitimate?

Teamsters Local 2727 Retiree Medical Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 2727 Retiree Medical Benefits Trust 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 2727 Retiree Medical Benefits Trust?

The Teamsters Local 2727 Retiree Medical Benefits Trust is committed to providing retiree health and welfare benefits to its members. This is made possible through collective bargaining agreements between the union and their respective employers. The primary mission of this trust is to ensure that eligible retirees have access to necessary medical benefits, thereby maintaining their well-being after their active employment. The trust serves as a vital support system for its members, ensuring they can continue to lead healthy lives even in their retirement years.

Who is the CEO of Teamsters Local 2727 Retiree Medical Benefits Trust?

Timothy Boyle is the Trustee of Teamsters Local 2727 Retiree Medical Benefits Trust.

What is the revenue of Teamsters Local 2727 Retiree Medical Benefits Trust?

Teamsters Local 2727 Retiree Medical Benefits Trust's revenue in 2022 was $8,224,659.

Who are the executives of Teamsters Local 2727 Retiree Medical Benefits Trust and what are their salaries?


Here are 2 key members and their salaries:


John Veentjer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Boyle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Teamsters Local 2727 Retiree Medical Benefits Trust?

Teamsters Local 2727 Retiree Medical Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Local 2727 Retiree Medical Benefits Trust

Teamsters Local 2727 Retiree Medical Benefits Trust is dedicated to providing retiree health and welfare benefits to its members, who are covered by collective bargaining agreements between the union and their respective employers. This nonprofit organization's mission is centered around ensuring the well-being of its members in their retirement years by offering comprehensive healthcare benefits. The Trust plays a significant role in bridging the gap between employment and retirement, ensuring that its members continue to enjoy a decent quality of life even after their working years. The benefits provided by Teamsters Local 2727 Retiree Medical Benefits Trust are a testament to its commitment towards supporting its members in their post-employment phase, thereby fostering a sense of security and stability among them.

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Impact




October, 2024

Teamsters Local 2727 Retiree Medical Benefits Trust significantly impacts the lives of retired members by providing essential health and welfare benefits. This support is geared specifically toward individuals who are covered by collective bargaining agreements between the union and their employers. By ensuring access to healthcare and related benefits, the Trust helps retirees maintain a secure and healthy lifestyle post-employment, alleviating financial burdens associated with medical expenses. The Trust plays a crucial role in enhancing the quality of life for its members, promoting their well-being in retirement while also fostering a sense of community and mutual support. Located in Phoenix, AZ, its mission centers on delivering these vital benefits to its members, reflecting a commitment to their lifelong welfare.




This information is meant to be a general summary of Teamsters Local 2727 Retiree Medical Benefits Trust. 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
$8,224,659 (2022)
Expenses
$1,971,378 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,076,469
  • Program Service Revenue: $7,148,190
  • Gross Receipts: $8,224,659

Assets and Liabilities:

  • Total Assets: $45,468,779
  • Total Liabilities: $27,749
  • Net Assets: $45,441,030

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$6,907,890

RETIREE CONTRIBUTIONS

Revenue

$240,300

Organization Details

Founding Year

2019

Principal Officer

Timothy Boyle

Main Address

2550 W UNION HILLS DRIVE 290, PHOENIX, AZ, 85027

NTEE Category

Code: Y43 - Mutual benefit

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