Teamsters Local 1035 Health Services & Insurances Fund

Organization Overview

Teamsters Local 1035 Health Services & Insurances Fund is located in South Windsor, CT. The organization was established in 1984. 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 06/2021, Teamsters Local 1035 Health Services & Insurances Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local 1035 Health Services & Insurances Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2021, Teamsters Local 1035 Health Services & Insurances Fund generated $12.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $9.1m during the year ending 06/2021. 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

SELF-INSURED HEALTH BENEFIT PLAN

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES INSURED AND SELF-INSURED MEDICAL, DEATH & LIFEINSURANCE BENEFITS TO 722 MEMBERS PLUS THEIR DEPENDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Anthem Blue Cross Blue Shield
Repricing & Admin Fees
$175,353
Ubs Financial Services
Investment Management
$146,503
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$7,839,341
Investment income $519,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,311,749
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,696,658

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