Teamsters Benefit Trust

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

EIN: 942848389 ✦ Fremont, CA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Benefit Trust?

Teamsters Benefit Trust is a nonprofit organization based in Fremont, California. They specialize in offering health and welfare benefits to eligible participants and their dependents in a collectively bargained multi-employer trust. The Trust's primary mission is to provide essential benefits to participants within a multi-employer plan. With a small team of just two employees, they dedicate their efforts towards enhancing the wellbeing of their members.


Official website here: www.teamstersbenefittrust.com

Is Teamsters Benefit Trust legitimate?

Teamsters Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.teamstersbenefittrust.com

What is the mission statement of Teamsters Benefit Trust?

The Teamsters Benefit Trust is committed to delivering health and welfare benefits to participants in multi-employer plans. Their mission is to provide essential benefits to eligible individuals and their dependents through this collectively bargained trust. The organization's primary goal is to ensure that participants have access to vital health and welfare services. Through this trust, they offer a range of benefits designed to enhance the overall well-being of those enrolled. The Teamsters Benefit Trust is dedicated to maintaining a strong and supportive community by offering comprehensive benefits packages. These benefits not only promote better health and financial security but also contribute to the long-term well-being of the plan participants.


Official website here: www.teamstersbenefittrust.com

Who is the CEO of Teamsters Benefit Trust?

Keith Fleming is the Trustee of Teamsters Benefit Trust.


Official website here: www.teamstersbenefittrust.com

What is the revenue of Teamsters Benefit Trust?

Teamsters Benefit Trust's revenue in 2022 was $367,435,023.


Official website here: www.teamstersbenefittrust.com

Who are the executives of Teamsters Benefit Trust and what are their salaries?

There are 2 employees at Teamsters Benefit Trust.


Here are 16 key members and their salaries:


William Albanese (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rome Aloise (Trustee - Term. 1.31.2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Fleming (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bouchard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Jordan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Hart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Rossi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hoyt (Trustee - Term. 8.10.2021)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Paredes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Carnefix (Trustee - Term. 1.31.2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Borba (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alberto Ruiz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Casqueiro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Coleman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
See Schedule O For Compensation (Paid By Related Organization)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.teamstersbenefittrust.com

Where can I find the form 990 for Teamsters Benefit Trust?

Teamsters Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamstersbenefittrust.com

Learn more at the official website: www.teamstersbenefittrust.com

Mission Statement of Teamsters Benefit Trust

Teamsters Benefit Trust, a multi-employer trust, is dedicated to providing health and welfare benefits to its eligible participants and their dependents. This collectively bargained trust prioritizes the well-being of its members by offering an extensive range of benefits designed to support their overall health.

By pooling resources from various participating employers, Teamsters Benefit Trust is able to offer comprehensive and competitive benefit packages. These benefits include, but are not limited to, medical, dental, and prescription drug coverage. The trust's mission is to ensure that its participants have access to quality healthcare and essential services, ultimately promoting their overall health and well-being.

Teamsters Benefit Trust's commitment to its members extends beyond just providing benefits. It strives to create a supportive environment that prioritizes the needs and concerns of its participants. Through its operations, the trust aims to make a positive impact on the lives of those it serves, helping them maintain good health and peace of mind.

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Impact




October, 2024

Teamsters Benefit Trust significantly impacts its participants by offering crucial health and welfare benefits to individuals in multiemployer plans and their dependents. By facilitating access to comprehensive health services, the Trust plays a vital role in enhancing the wellbeing and financial security of eligible participants. This support is particularly important in collective bargaining arrangements, where workers can rely on the Trust to provide essential services that may otherwise be difficult to access. Operating from Fremont, CA, the organization ensures that participants have the necessary resources to maintain their health, ultimately contributing to a healthier workforce and community. Its mission to provide these benefits illustrates a commitment to mutual support and collective advantage among workers in various industries.




This information is meant to be a general summary of Teamsters 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.

Revenue
$367,435,023 (2022)
Expenses
$300,123,102 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $14,302,977
  • Program Service Revenue: $349,092,236
  • Gross Receipts: $367,435,023

Assets and Liabilities:

  • Total Assets: $622,468,881
  • Total Liabilities: $40,468,503
  • Net Assets: $582,000,378

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Programs

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

Employer Contributions

Revenue

$330,510,870

MEMBER AND RETIREE CONTRIBUTIONS

Revenue

$8,511,261

Liquidated Damages

Revenue

$201,065

EXPERIENCE-RATED REFUND

Revenue

$9,601,914

Medicare Part D Subsidy

Revenue

$308,285

Organization Details

Founding Year

1982

Principal Officer

Keith Fleming

Main Address

POST OFFICE BOX 5820, FREMONT, CA, 94537

NTEE Category

Code: Y40 - Mutual benefit

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