Teamsters Life Insurance Trust Fund

Organization Overview

Teamsters Life Insurance Trust Fund is located in Dublin, CA. The organization was established in 1974. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Life Insurance Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 01/2024, Teamsters Life Insurance Trust Fund generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.4m during the year ending 01/2024. While expenses have increased by 6.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE LIFE INSURANCE AND AD&D BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND RETIREES COVERED BY COLLECTIVE BARGAINING AGREEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
John Hurley
Trustee
$7,000
Darrell Pratt
Chairman
$6,800
Richard Muto
Co-Chairman
$6,600
Jerry Hammack
Trustee
$6,600
Stacey Cue
Trustee
$0
Ashley Alvarado
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Health Services Benefits Administ
Plan Administration
$124,952
Pension Benefit Information Llc
Data Retrieval Searc
$156,824
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$197,216
Investment income $859,063
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,462,870
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,519,149

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