Teamsters Health & Welfare Fund Local 377

Organization Overview

Teamsters Health & Welfare Fund Local 377 is located in Canfield, OH. The organization was established in 1958. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 08/2021, Teamsters Health & Welfare Fund Local 377 employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Health & Welfare Fund Local 377 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 08/2021, Teamsters Health & Welfare Fund Local 377 generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $6.9m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES HEALTHCARE, RETIREMENT, AND DEATH BENEFITS TO ITS ELIGIBLE MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Anthem
Contract Administration
$348,330
Benesys
Plan Administration
$153,350
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$7,561,174
Investment income $116,334
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,677,508

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