Teamsters Local Union 491 Health And Welfare Fund

Organization Overview

Teamsters Local Union 491 Health And Welfare Fund is located in Uniontown, PA. The organization was established in 1955. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 08/2022, Teamsters Local Union 491 Health And Welfare Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local Union 491 Health And Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 08/2022, Teamsters Local Union 491 Health And Welfare Fund generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.6m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PAY HEALTH AND WELFARE BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HOSPITALIZATION, LIFE AND AD&D BENEFITS.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Mayros
Trustee
$4,800
Walter Costello
Trustee
$1,297
Floyd Gladman
Trustee
$0
Vito Dragone
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $51,450
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$51,450
Total Program Service Revenue$6,987,277
Investment income $697,218
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$16
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,759,714

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