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Filing year 2023

TEAMSTERS LOCAL 641 WELFARE FUND

Union, New Jersey·EIN 22-6220289·501(c)(9)
Total revenue
$7.3M
Total assets
$29.4M
Total expenses
$10M
Reported officers
5
Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Plan Manager
Officer (Unspecified)
$110k
$123k
Base
$69k
Bonus
Other
Benefits
$10k
Trustee
Board Member
75th to 90th percentile
$79k
$88k
Trustee
Board Member
75th to 90th percentile
$73k
$82k
Trustee
Board Member
Median to 75th percentile
$48k
$54k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 20%
from 2022

From $91k in 2022 to $110k in 2023.

$91k
2022
$110k
2023
In today's dollarsEst.
Up 16% in real terms$106k to $123k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 1% from 2022 to 2023, while revenue fell 37%.

$80k in 2022 to $79k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

TEAMSTERS LOCAL 641 WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$11.7M
$11.3M
2022
$7.3M
$10M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TEAMSTERS LOCAL 641 WELFARE FUND

What does the Board Member of TEAMSTERS LOCAL 641 WELFARE FUND earn?

In 2023, the Board Member of TEAMSTERS LOCAL 641 WELFARE FUND received $78,774 in total compensation. This pay is in the top quarter for Board Member roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at TEAMSTERS LOCAL 641 WELFARE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at TEAMSTERS LOCAL 641 WELFARE FUND falls between the 75th and 90th percentiles.

What are TEAMSTERS LOCAL 641 WELFARE FUND's revenue and expenses?

In 2023, TEAMSTERS LOCAL 641 WELFARE FUND reported $7.3M in total revenue and $10M in total expenses on its IRS Form 990.

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