Teamsters Local Union 856 Health And Welfare Fund

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

EIN: 946123582 ✦ Seattle, WA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local Union 856 Health And Welfare Fund?

Teamsters Local Union 856 Health and Welfare Fund is a nonprofit organization based in Seattle, Washington, with the address 2323 Eastlake Ave E, ZIP code 98102. They specialize in administering a health and welfare benefit plan that covers various aspects of health and wellbeing. The comprehensive plan includes medical, dental, pharmaceutical, vision, life, and accidental death and dismemberment insurance. This fund aims to ensure the health and overall well-being of its members by providing access to essential services that promote their well-being.


Official website here: www.healthfund856.org

Is Teamsters Local Union 856 Health And Welfare Fund legitimate?

Teamsters Local Union 856 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local Union 856 Health And Welfare 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: $65,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.healthfund856.org

What is the mission statement of Teamsters Local Union 856 Health And Welfare Fund?

The Teamsters Local Union 856 Health and Welfare Fund focuses on providing comprehensive health and welfare benefits to its members. This includes essential services such as medical coverage, dental care, prescription drugs, vision insurance, life insurance, and accidental death and dismemberment insurance. The mission of the fund is to ensure the well-being of its members by delivering these critical benefits, thereby promoting their overall health and financial security. By offering this broad range of insurance plans, the fund empowers its members to effectively manage their health and well-being, ultimately enhancing their quality of life.


Official website here: www.healthfund856.org

Who is the CEO of Teamsters Local Union 856 Health And Welfare Fund?

Julie Wall is the Principal Officer of Teamsters Local Union 856 Health And Welfare Fund.


Official website here: www.healthfund856.org

What is the revenue of Teamsters Local Union 856 Health And Welfare Fund?

Teamsters Local Union 856 Health And Welfare Fund's revenue in 2022 was $120,194,660.


Official website here: www.healthfund856.org

Who are the executives of Teamsters Local Union 856 Health And Welfare Fund and what are their salaries?


Here are 7 key members and their salaries:


B Conhain (Trustee)
  • Compensation: $21,866
  • Related: $0
  • Other: $0
D Cornford (Trustee, Co-Chair)
  • Compensation: $21,866
  • Related: $0
  • Other: $0
P Finn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Lagomarsino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Rungis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Wall (Trustee, Co-Chair)
  • Compensation: $21,866
  • Related: $0
  • Other: $0
S Farber (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.healthfund856.org

Where can I find the form 990 for Teamsters Local Union 856 Health And Welfare Fund?

Teamsters Local Union 856 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.healthfund856.org

Learn more at the official website: www.healthfund856.org

Mission Statement of Teamsters Local Union 856 Health And Welfare Fund

Teamsters Local Union 856 Health and Welfare Fund is a dedicated health and welfare benefit plan that aims to provide essential medical, dental, vision, life, and accidental death and dismemberment insurance to its members. Established with a mission to safeguard the well-being of its constituents, the organization goes beyond the scope of basic medical coverage.

In simple terms, Teamsters Local Union 856 Health and Welfare Fund serves as a safety net for its members, ensuring they have access to comprehensive healthcare services that cater to various aspects of their overall health. By offering a range of benefits, the plan empowers individuals to manage their health effectively and mitigate potential financial burdens associated with healthcare expenses.

Moreover, the Health and Welfare Fund's commitment extends beyond just insurance coverage. It strives to provide its members with peace of mind, knowing that they and their loved ones are protected should they face unforeseen health challenges. With a focus on holistic wellness, the organization's offerings foster a healthier community overall.

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Impact




October, 2024

Teamsters Local Union 856 Health And Welfare Fund plays a crucial role in providing comprehensive health and welfare benefits to its members. The impact of this fund is evident in several key areas:

1. **Access to Essential Healthcare Services**: By offering medical coverage, the fund ensures that members can access necessary healthcare services without significant financial burden. This includes routine check-ups, emergency care, and specialist treatments.

2. **Preventive Care and Wellness**: The fund emphasizes preventive care, which helps members maintain their health and detect potential issues early. This can lead to improved long-term health outcomes and reduced healthcare costs over time.

3. **Dental and Vision Coverage**: With integrated dental and vision benefits, members receive care that goes beyond basic health needs, promoting overall well-being and quality of life.

4. **Pharmacy Benefits**: The inclusion of drug coverage ensures that members can afford necessary medications, which is vital for managing chronic conditions and supporting overall health.

5. **Support During Critical Times**: The life and accidental death and dismemberment (A.D.&D.) insurance components provide financial security to members and their families during unexpected situations, offering peace of mind and support when it's needed most.

6. **Community Strength**: By fostering a sense of mutual benefit among members, the fund encourages a supportive community that advocates for workers' rights and well-being.

Overall, the Teamsters Local Union 856 Health And Welfare Fund significantly enhances the health, security, and quality of life for its members in Seattle, WA, making it a vital resource for the local workforce.




This information is meant to be a general summary of Teamsters Local Union 856 Health And Welfare 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.

Revenue
$120,194,660 (2022)
Expenses
$115,436,177 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $642,126
  • Program Service Revenue: $119,318,750
  • Gross Receipts: $124,262,768

Assets and Liabilities:

  • Total Assets: $66,307,297
  • Total Liabilities: $16,512,835
  • Net Assets: $49,794,462

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Programs

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

Employer contributions

Revenue

$119,318,750

Organization Details

Founding Year

1964

Principal Officer

Julie Wall

Main Address

2323 Eastlake Ave E, Seattle, WA, 98102

NTEE Category

Code: Y40 - Mutual benefit

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