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Nonprofit · EIN 25-1002501

TEAMSTERS 261 & EMPLOYERS WELFARE FUND

Tax-exempt (reinstated) · NEW CASTLE, PA 16105

Financials

$38.6M$39.9M2023$41.6M$42M2024
Revenue Expenses · by fiscal year end
Financials of TEAMSTERS 261 & EMPLOYERS WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$41,614,608$41,960,901-$346,293$19,626,169$2,223,438$17,402,731
December 31, 2023990$38,605,231$39,868,091-$1,262,860$19,165,078$1,662,835$17,502,243
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$39,059,650
Investment income
$936,882
Net gain from sales of assets
$73,655
Other revenue
$1,618,076

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$37,330,309
Other salaries and wages
$118,318
Salaries, compensation and benefits (total)
$200,451
Professional fundraising fees
$0
Legal fees
$22,400
Accounting fees
$27,500
Occupancy
$28,700
Depreciation
$228

Balance sheet and other

Total assets, start of year
$19,165,078
Total assets, end of year
$19,626,169
Total liabilities, end of year
$2,223,438
Net assets, end of year
$17,402,731
Land, buildings and equipment
$3,950
Publicly traded securities
$18,057,085
Gross receipts
$44,263,773
Employees
2
Volunteers
0
Year formed
1950
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
DAVID ALTERSTRUSTEE
Trustee or director
40$0$88,100
MICHAEL LECKWARTTRUSTEE
Trustee or director
40$0$88,100
GEORGE WHIPPOTRUSTEE
Trustee or director
40$0$88,100
BRYAN DEHARTTRUSTEE
Trustee or director
0$0$0
WILLIAM STRIMBUTRUSTEE
Trustee or director
0$0$0
WILL THOMASTRUSTEE
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL LECKWARTTRUSTEE
Trustee or director
40$0$77,212
DAVID ALTERSTRUSTEE
Trustee or director
40$0$76,380
GEORGE WHIPPOTRUSTEE
Trustee or director
40$0$73,642
BRYAN DEHARTTRUSTEE
Trustee or director
0$0$0
WILL STRIMBUTRUSTEE
Trustee or director
0$0$0
WILL THOMASTRUSTEE
Trustee or director
0$0$0

Address and contacts

Address (IRS master file)
351 NORTHGATE CIR STE B, NEW CASTLE, PA 16105-5515
Principal officer (990 for 2024)
MICHAEL LECKWART, 351 NORTHGATE CIRCLE SUITE B, NEW CASTLE, PA 16105
Signed the 990
MICHAEL LECKWART, TRUSTEE
Phone
(724) 652-4667
Return prepared by
PACKER THOMAS

Mission

TO PROVIDE MEDICAL AND OTHER HEALTH RELATED BENEFITS TO ELIGIBLE PARTICIPANTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE MEDICAL AND OTHER HEALTH RELATED BENEFITS TO ELIGIBLE EMPLOYEES AND RETIREES OF EMPLOYERS WHO ARE PART OF A COLLECTIVE BARGAINING AGREEMENT WIYH TEAMSTERS LOCAL UNION #261, AFFILIATED WITH THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS, OR OTHER LOCAL UNIONS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1002501
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$19,626,169
Income (IRS master file)
$44,263,773

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 17, 2017
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$41,614,608$41,960,901$19,626,169XML
990December 2023$38,605,231$39,868,091$19,165,078XML
990December 2022$36,854,806$38,027,017$20,409,417IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1002501).

Questions about TEAMSTERS 261 & EMPLOYERS WELFARE FUND

What is the EIN of TEAMSTERS 261 & EMPLOYERS WELFARE FUND?
The employer identification number (EIN) of TEAMSTERS 261 & EMPLOYERS WELFARE FUND is 25-1002501.
Is TEAMSTERS 261 & EMPLOYERS WELFARE FUND tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to TEAMSTERS 261 & EMPLOYERS WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TEAMSTERS 261 & EMPLOYERS WELFARE FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TEAMSTERS 261 & EMPLOYERS WELFARE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEAMSTERS 261 & EMPLOYERS WELFARE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TEAMSTERS 261 & EMPLOYERS WELFARE FUND?
The 990 for the year ended December 31, 2024 names MICHAEL LECKWART.
Who are the officers and directors of TEAMSTERS 261 & EMPLOYERS WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does TEAMSTERS 261 & EMPLOYERS WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $41,614,608, expenses of $41,960,901 and total assets of $19,626,169 at year end.

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