Overview
What is Teamsters Health & Welfare Trust Fund?
The Teamsters Health & Welfare Trust Fund is a charitable organization based in Honolulu, Hawaii, with a significant presence at 560 N NIMITZ HWY 209. Its primary mission is to extend health and welfare benefits to eligible participants, their dependents, and retirees. The Trust Fund achieves this goal by making regular insurance premium payments to various carriers, totaling approximately $40 million annually for medical and dental coverage, chiropractic care, Medicare premium reimbursements, life insurance, and vision insurance. The organization's dedication revolves around providing comprehensive health and welfare benefits to those in need.
Is Teamsters Health & Welfare Trust Fund legitimate?
Teamsters Health & Welfare Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Health & Welfare Trust 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
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What is the mission statement of Teamsters Health & Welfare Trust Fund?
The Teamsters Health & Welfare Trust Fund is dedicated to extending health and welfare benefits to eligible individuals, including their dependents and retirees. Through regular insurance premium payments to various carriers, the organization supports the provision of medical, dental, chiropratic care, Medicare premium reimbursements, life insurance, and vision coverage. By doing so, it ensures that the beneficiaries have access to essential health services, enabling them to maintain their well-being.
What is the revenue of Teamsters Health & Welfare Trust Fund?
Teamsters Health & Welfare Trust Fund's revenue in 2023 was $51,283,049.
Who are the executives of Teamsters Health & Welfare Trust Fund and what are their salaries?
There are 2 employees at Teamsters Health & Welfare Trust Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Teamsters Health & Welfare Trust Fund?
Teamsters Health & Welfare Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Teamsters Health & Welfare Trust Fund
Teamsters Health & Welfare Trust Fund is a dedicated organization that extends health and welfare benefits to eligible participants, their dependents, and retirees. Established with a clear-cut mission, the Trust Fund prioritizes the well-being of those who qualify by making monthly insurance premium payments to insurance carriers. These payments cover an extensive range of services, including medical, dental, chiropractic care, Medicare premium reimbursements, life insurance, and vision care. With an astounding financial commitment of over $36 million for medical and dental coverage alone, the Trust Fund's impact on the lives of those it serves is significant. By offering these essential benefits, the organization ensures that the health and welfare of its beneficiaries remain a top priority.
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Impact
October, 2024
The Teamsters Health & Welfare Trust Fund plays a crucial role in supporting the health and well-being of eligible participants, their dependents, and retirees. By paying monthly insurance premiums for various health services, the Fund ensures access to essential medical, dental, vision, and life insurance coverage, significantly alleviating the financial burden on individuals and families.
In terms of financial impact, the Fund allocates substantial resources to cover vital health benefits, including $36,140,663 for medical and dental services and $286,057 for vision care. Additionally, it supports members with chiropractic care and reimbursements for Medicare premiums, demonstrating a comprehensive approach to health and welfare. This assistance not only promotes healthier lifestyles but also contributes to the overall stability and peace of mind for participants, enhancing their quality of life.
By addressing health care needs, the Teamsters Health & Welfare Trust Fund fosters a supportive community, empowering members to focus on their work and personal lives without the stress of inadequate health coverage.
This information is meant to be a general summary of Teamsters Health & Welfare Trust 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 2023.
- Investment Income: $867,880
- Program Service Revenue: $48,411,347
- Gross Receipts: $61,449,031
Assets and Liabilities:
- Total Assets: $29,614,494
- Total Liabilities: $0
- Net Assets: $29,614,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIB
Revenue
$47,000,760
EMPLOYEES' CONTRIB
Revenue
$1,401,560
LIQUIDATED DAMAGES
Revenue
$9,027
Organization Details
Founding Year
1957
Principal Officer
Kevin Holu Jenny Lemaot
NTEE Category
Code: Y40 - Mutual benefit
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