International Union Of Bricklayers Allied Craftworkers Local 1
- Assets
- $7.1m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Wallingford, CT
- Founding
- 07/1998
- Data as of
- 09/2021
- EIN
- 06-1498630
Organization Overview
International Union Of Bricklayers Allied Craftworkers Local 1 is located in Wallingford, CT. The organization was established in 1998. 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. International Union Of Bricklayers Allied Craftworkers Local 1 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, International Union Of Bricklayers Allied Craftworkers Local 1 generated $14.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $15.6m during the year ending 09/2021. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MAJOR MEDICAL, HOSPITALIZATION, DISABILITY, LIFE INSURANCE, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS OF THIS FUND AND THEIR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franco Indomenico Trustee | Trustee | 2 | $0 |
Timothy W Palmeri Trustee (r) | Trustee | 2 | $0 |
Todd Dexter Trustee | Trustee | 2 | $0 |
Vincent Convertito Trustee | Trustee | 2 | $0 |
Scott Aronowicz Trustee | Trustee | 2 | $0 |
Vinny Arpino Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions (Fka Ipi) Third Party Admin | 9/29/21 | $473,786 |
Anthem Bcbs Ppo | 9/29/21 | $172,848 |
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 | $10,745,816 |
| Investment income | $99,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $462,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,261,277 |
| 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 | $14,337,280 |
| 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 | $51,779 |
| Fees for services: Accounting | $27,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,779 |
| Fees for services: Other | $1,065,548 |
| Advertising and promotion | $0 |
| Office expenses | $49,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,519 |
| All other expenses | $0 |
| Total functional expenses | $15,621,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637,237 |
| Savings and temporary cash investments | $65,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,449,522 |
| 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 | $44,499 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,927,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,124,613 |
| Accounts payable and accrued expenses | $167,696 |
| 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 | $2,105,210 |
| Total liabilities | $2,272,906 |
| Net assets without donor restrictions | $0 |
| 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 | $4,851,707 |
| Total liabilities and net assets/fund balances | $7,124,613 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Union Of Bricklayers Allied Craftworkers Local 1 has recieved totaling $105,596.
| Awarding Organization | Amount |
|---|---|
Bricklayers Local 1 Labor Managment Cooperation Trust Wallingford, CT PURPOSE: MARKET RECOVERY GRANT | $105,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Reimbursement Account Fund Of The Electrical Industry Flushing, NY | $132,750,726 | $42,957,769 |
The Alliance Of Western New York Benefit Fund Niagara Falls, NY | $6,976,289 | $46,952,966 |
Permanente Medical Group Inc Medi Pl For Ret Emp By Coll Brg Agr Tr Boston, MA | $481,752,947 | $46,602,397 |
Noitu Insurance Trust Fund Jamaica, NY | $148,755,855 | $71,536,431 |
Service Employees 32bj North Health Fund New York, NY | $54,056,871 | $50,215,103 |
Local 338 Health And Welfare Fund Mineola, NY | $45,598,240 | $44,654,904 |
Board Of Trustees Equity League Health Trust Fund New York, NY | $86,412,309 | $64,158,536 |
United Teamster Fund Brooklyn, NY | $16,084,103 | $41,629,568 |
I B E W Local 25 Health And Benefit Fund Hauppauge, NY | $77,411,415 | $46,982,315 |
I B E W Local 1249 Insurance Fund Cicero, NY | $114,229,442 | $58,794,383 |
Ufcw And Participating Employers Interstate Health & Welfare Fund East Providence, RI | $0 | $50,747,634 |
Iron Workers Locals 40 & 361 Topping Out Fund New York, NY | $314,693,043 | $57,976,282 |