Overview
What is Teamsters Multi-Benefit Trust?
The Teamsters Multi-Benefit Trust is a multi-employer welfare plan based in Los Angeles, California. This nonprofit organization offers eligible active employees and their dependents a range of benefits including medical, dental, vision, chiropractic, counseling, legal, death, and accidental death and dismemberment coverage. The Trust's mission is to provide these comprehensive benefits to members who are covered under collective bargaining agreements between their unions and employers.
Is Teamsters Multi-Benefit Trust legitimate?
Teamsters Multi-Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Multi-Benefit 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:
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What is the mission statement of Teamsters Multi-Benefit Trust?
The Teamsters Multi-Benefit Trust serves as a multi-employer welfare plan, offering medical, dental, vision, chiropractic, counseling, legal, death, and accidental death and dismemberment benefits to eligible active employees and their dependents. The Trust's primary objective is to provide a comprehensive range of health and welfare benefits to its members, who are typically covered under collective bargaining agreements between unions and employers. By offering these essential benefits, the Trust aims to support the overall well-being and peace of mind of the individuals it serves. In doing so, it plays a crucial role in enhancing the quality of life for its members and their families.
Who is the CEO of Teamsters Multi-Benefit Trust?
Rick Middleton is the Trustee of Teamsters Multi-Benefit Trust.
What is the revenue of Teamsters Multi-Benefit Trust?
Teamsters Multi-Benefit Trust's revenue in 2022 was $22,763,412.
Who are the executives of Teamsters Multi-Benefit Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Teamsters Multi-Benefit Trust?
Teamsters Multi-Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Multi-Benefit Trust
The Teamsters Multi-Benefit Trust, often referred to as the "Plan," is a multi-employer welfare plan that offers various benefits to eligible active employees and their dependents. The organization's primary focus is on providing medical, dental, vision, chiropractic, counseling, legal, death, and accidental death and dismemberment benefits.
In simple terms, the Teamsters Multi-Benefit Trust acts as a comprehensive health and welfare benefits provider for its members. These members are individuals who are covered under collective bargaining agreements between unions and employers. The Plan's mission is to ensure that its members have access to essential benefits that cater to their medical, dental, and vision needs, as well as mental health support through counseling and legal assistance. In doing so, the Teamsters Multi-Benefit Trust plays a vital role in enhancing the quality of life for its members and their families.
By pooling resources from multiple employers, the Trust is able to offer a broad range of benefits that may not be accessible to individual employees or smaller organizations. This collaborative approach allows the Teamsters Multi-Benefit Trust to provide a more extensive and cost-effective coverage solution. Ultimately, the Trust's mission is to create a safety net for its members, offering them peace of mind and financial security during times of need.
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Impact
October, 2024
The Teamsters Multi-Benefit Trust significantly enhances the well-being of eligible active employees and their dependents by offering a comprehensive range of health and welfare benefits. This multiemployer welfare plan provides essential services such as medical, dental, vision, chiropractic, counseling, and legal benefits, along with death and accidental death and dismemberment coverage.
By delivering these benefits through collective bargaining agreements between unions and employers, the Trust ensures that employees have access to vital healthcare and support services. This not only contributes to the physical and mental health of the workforce but also promotes job satisfaction and security, fostering a more stable and productive working environment. As a result, the Teamsters Multi-Benefit Trust plays a crucial role in protecting and enhancing the quality of life for members and their families in the Los Angeles area and beyond.
This information is meant to be a general summary of Teamsters Multi-Benefit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $146,564
- Program Service Revenue: $22,616,848
- Gross Receipts: $25,471,412
Assets and Liabilities:
- Total Assets: $14,409,925
- Total Liabilities: $1,070,049
- Net Assets: $13,339,876
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$22,574,807
PARTICIPANT CONTRIBUTIONS
Revenue
$34,011
LIQUIDATED DAMAGES
Revenue
$8,030
Organization Details
Founding Year
1974
Phone
(562) 463-5000Principal Officer
Rick Middleton
Main Address
1200 WILSHIRE BLVD 5TH FLOOR, LOS ANGELES, CA, 90017
NTEE Category
Code: Y40 - Mutual benefit
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