Ila Local 861 - Employer Health &
- Assets
- $55.3k
- Revenue
- $277.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 01-6148939
Organization Overview
Ila Local 861 - Employer Health & is located in Portland, ME. The organization was established in 2000. 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. Ila Local 861 - Employer Health & is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Ila Local 861 - Employer Health & generated $277.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $255.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND LIFE INSURANCE BENEFITS FOR PARTICIPANTS OF THE ASSOCIATED HEALTH AND WELFARE PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND LIFE INSURANCE BENEFITS FOR PARTICIPANTS OF THE ASSOCIATED HEALTH AND WELFARE PLAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Elliott Plan Sponsor Rep & Trustee | Trustee | 0.5 | $0 |
Robert Connolly Union Trustee | Trustee | 0.5 | $0 |
Gylfi Sigfusson Plan Sponsor Rep & Trustee | Trustee | 0.5 | $0 |
John Hicks Union Trustee | Trustee | 0.5 | $0 |
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 | $277,416 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $213,985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,110 |
| Fees for services: Accounting | $11,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,092 |
| Advertising and promotion | $0 |
| Office expenses | $229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,062 |
| All other expenses | $0 |
| Total functional expenses | $255,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,268 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $55,268 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,268 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Financial Institutions Employee Ben Tr Westbrook, ME | $15,345,410 | $31,217,132 |
Awane Ins Tr Peterborough, NH | $16,348,379 | $19,422,061 |
New Hampshire Automobile Dealers Association Inc Health Insur Trust Bow, NH | $206,922 | $11,743,692 |
New Hampshire Motor Transport Assoc- Employee Benefit Trust Concord, NH | $855,526 | $9,821,627 |
Me Credit Union League Ins Tr Westbrook, ME | $2,599,679 | $6,458,602 |
Maine Oil Dealers Association Insurance Trust Brunswick, ME | $2,556,150 | $3,628,585 |
Unitil Non-Union Voluntary Employee Benefit Trust Hampton, NH | $9,647,842 | $2,389,254 |
Unitil Union Voluntary Employee Benefit Trust Hampton, NH | $12,682,946 | $7,786,941 |
Roman Catholic Diocese Of Portland Diocesan Priests Medical Benefits Portland, ME | $5,929,831 | $1,181,943 |
Exeter Health Resources Inc Short Term Disability Tr Exeter, NH | $495,980 | $968,968 |
Allied Government Solutions Health And Welfare Plan & Tr Dover, NH | $164,376 | $675,581 |
Ila Local 861 - Employer Health & Portland, ME | $55,268 | $277,416 |