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Nonprofit · EIN 34-6564615

TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND

Tax-exempt · AKRON, OH 44303

Financials

$9.9M$7.2M2023$10M$7.8M2024
Revenue Expenses · by fiscal year end
Financials of TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$10,001,727$7,843,608$2,158,119$14,933,769$2,982$14,930,787
December 31, 2023990$9,927,553$7,242,239$2,685,314$12,695,648$1,130$12,694,518
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,540,214
Investment income
$461,513
Net gain from sales of assets
$69,840
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$7,622,839
Compensation of officers, directors and key employees
$36,075
Other salaries and wages
$56,576
Salaries, compensation and benefits (total)
$161,635
Professional fundraising fees
$0
Legal fees
$8,932
Accounting fees
$8,850
Occupancy
$14,400
Program services (functional)
$7,843,608

Balance sheet and other

Total assets, start of year
$12,695,648
Total assets, end of year
$14,933,769
Total liabilities, end of year
$2,982
Net assets, end of year
$14,930,787
Gross receipts
$13,931,887
Employees
4
Year formed
1968
State of legal domicile
OH

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 / weekCompensation
RICHARD BROPHYEMPLOYER TRU
Trustee or director
1$0
PATRICK DARROWUNION TRUSTE
Trustee or director, Officer
1$0
MIKE TRAMONTEEMPLOYER TRU
Trustee or director
1$0
PATRICK ZIGAUNION TRUSTE
Trustee or director
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
RICHARD BROPHYEMPLOYER TRU
Trustee or director
1$0
PATRICK DARROWUNION TRUSTE
Trustee or director, Officer
1$0
MIKE TRAMONTEEMPLOYER TRU
Trustee or director
1$0
PATRICK ZIGAUNION TRUSTE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
272 W MARKET ST, AKRON, OH 44303-2132
Principal officer (990 for 2024)
DAN F DARROW, 272 WEST MARKET STREET, AKRON, OH 443032132
Signed the 990
DAN F DARROW, ADMIN. MANAGER
Phone
(330) 434-3729
Return prepared by
SWALLEN LAWHUN & COMPANY

Mission

TO PROVIDE HEALTH & INSURANCE BENEFITS FOR THE ACTIVE AND RETIRED MEMBERS OF LOCAL 348 AND THEIR FAMILIES

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE HOSPITALIZATION, DENTAL, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT, SICK AND ACCIDENT BENEFITS FOR APPROXIMATELY 430 PARTICIPANTS.
    Expenses $7,843,608 · revenue $9,540,214

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
34-6564615
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1967
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,933,769
Income (IRS master file)
$13,931,887

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$10,001,727$7,843,608$14,933,769XML
990December 2023$9,927,553$7,242,239$12,695,648XML
990December 2022$9,456,974$7,261,488$9,877,848IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 34-6564615).

Questions about TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND

What is the EIN of TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND?
The employer identification number (EIN) of TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND is 34-6564615.
Is TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1967.
Are donations to TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TEAMSTERS LOCAL UNION 348 HEALTH & 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 LOCAL UNION 348 HEALTH & 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 LOCAL UNION 348 HEALTH & 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 LOCAL UNION 348 HEALTH & WELFARE FUND?
The 990 for the year ended December 31, 2024 names DAN F DARROW.
Who are the officers and directors of TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does TEAMSTERS LOCAL UNION 348 HEALTH & WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $10,001,727, expenses of $7,843,608 and total assets of $14,933,769 at year end.

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