Metal Lathers Trust Fund-46
- Assets
- $24.2m
- Revenue
- $29.0m
- Investments
- $11.2m
- Employees
- 5
- Location
- Woodside, NY
- Founding
- 12/1949
- Data as of
- 12/2023
- EIN
- 13-1598182
Organization Overview
Metal Lathers Trust Fund-46 is located in Woodside, NY. The organization was established in 1949. 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. As of 12/2023, Metal Lathers Trust Fund-46 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metal Lathers Trust Fund-46 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Metal Lathers Trust Fund-46 generated $29.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $27.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS. BENEFITS INCLUDE HOSPITALIZATION, DENTAL, LIFE INSURANCE AND DISABILITY INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS. BENEFITS INCLUDE HOSPITALIZATION, DENTAL, LIFE INSURANCE AND DISABILITY INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Anderson Trustee | Trustee | 1 | $0 |
John Coffey Trustee | Trustee | 1 | $0 |
John Clausman Trustee | Trustee | 1 | $0 |
George Fernandez Trustee | Trustee | 1 | $0 |
Michael Salgo Trustee | Trustee | 1 | $0 |
Kevin O'brien Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Claim Services | 12/30/23 | $710,825 |
Fitzsimmons Abrams Llp Compliance Audit Fees | 12/30/23 | $203,992 |
Proskauer Rose Llp Legal Fees | 12/30/23 | $112,187 |
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 | $26,018,851 |
| Investment income | $516,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,450,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,022,085 |
| 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 | $26,682,738 |
| 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 | $179,513 |
| Pension plan accruals and contributions | $55,190 |
| Other employee benefits | $33,959 |
| Payroll taxes | $13,905 |
| Fees for services: Management | $94,505 |
| Fees for services: Legal | $133,315 |
| Fees for services: Accounting | $272,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,709 |
| Fees for services: Other | $72,413 |
| Advertising and promotion | $0 |
| Office expenses | $52,432 |
| Information technology | $68,942 |
| Royalties | $0 |
| Occupancy | $20,032 |
| 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 | $5,878 |
| Insurance | $45,972 |
| All other expenses | $7,960 |
| Total functional expenses | $27,814,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,713,701 |
| Savings and temporary cash investments | $71,242 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,285,651 |
| 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 | $19,590 |
| Investments—publicly traded securities | $2,880,178 |
| Investments—other securities | $11,180,005 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,150,367 |
| Accounts payable and accrued expenses | $118,154 |
| 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 | $2,093,969 |
| Total liabilities | $2,212,123 |
| 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 | $21,938,244 |
| Total liabilities and net assets/fund balances | $24,150,367 |