Boston Teachers Union Health and Welfare Fund

The Boston Teachers Union Health and Welfare Fund is a nonprofit organization designated as a 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA). It is primarily responsible for providing various benefits to its members, including life, sickness, accident, and other benefits.

Purpose and Activities

The organization's main purpose is to administer a comprehensive benefits package for eligible members of the Boston Teachers Union (BTU). The benefits include dental and vision insurance, eye care, dental care, hearing aids, legal services, a hospitalization benefit, and a funeral benefit[2][3].

Financial Overview

In its fiscal year ending August 2022, the fund reported total assets of approximately $26.5 million and liabilities of about $402,341. The majority of its revenue comes from program services, accounting for around 96.9% of total revenue, with investment income making up another 3.3%[1]. Donations to this organization are not tax deductible due to its 501(c)(9) status[1].

Governance and Leadership

The fund is governed by a Board of Trustees that oversees the administration of the benefits package. Key positions include the fund administrator and various trustees who are often associated with the BTU[1]. The compensation for key employees is disclosed in publicly available financial reports[1].

Relationship with the Boston Teachers Union

The Boston Teachers Union Health and Welfare Fund is closely linked with the Boston Teachers Union, which represents more than 10,000 active and retired educators in Boston[4]. The fund provides benefits specifically tailored to BTU members, enhancing their overall compensation and well-being[3][5].

[1] https://projects.propublica.org/nonprofits/organizations/42511984 [2] https://ma01906464.schoolwires.net/domain/3181 [3] https://btu.org/faq-items/what-is-the-health-and-welfare-plan/ [4] https://btu.org [5] https://btuhwf.org