Wine Liquor & Distillery Workers Union-1 Major Medical Plan
- Assets
- $14.9m
- Revenue
- $18.9m
- Investments
- $1.9m
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 13-1973409
Organization Overview
Wine Liquor & Distillery Workers Union-1 Major Medical Plan is located in Brooklyn, NY. The organization was established in 1964. 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 12/2021, Wine Liquor & Distillery Workers Union-1 Major Medical Plan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wine Liquor & Distillery Workers Union-1 Major Medical Plan 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, Wine Liquor & Distillery Workers Union-1 Major Medical Plan generated $18.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $21.7m 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
TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, OPTICAL, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, OPTICAL, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal D'acunto Administrator - Former | Officer | 1 | $0 |
Glen Carter Administrator | Officer | 1 | $0 |
George Orlando Union Trustee - Former | Trustee | 1 | $0 |
Roy Kohn Employer Trustee | Trustee | 1 | $0 |
Dave Young Union Trustee | Trustee | 1 | $0 |
Matthew Mattassa Employer Trustee | Trustee | 1 | $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 | $17,924,467 |
| Investment income | $404,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $428,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,925,948 |
| 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 | $20,615,201 |
| 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 | $360,082 |
| Pension plan accruals and contributions | $27,630 |
| Other employee benefits | $70,845 |
| Payroll taxes | $42,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,942 |
| Fees for services: Accounting | $43,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,364 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $78,863 |
| Information technology | $53,568 |
| Royalties | $0 |
| Occupancy | $46,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,275 |
| Insurance | $6,899 |
| All other expenses | $0 |
| Total functional expenses | $21,749,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $429,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $403,880 |
| 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 | $29,066 |
| Net Land, buildings, and equipment | $16,308 |
| Investments—publicly traded securities | $11,997,695 |
| Investments—other securities | $1,892,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,934 |
| Total assets | $14,923,168 |
| Accounts payable and accrued expenses | $19,592 |
| 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 | $1,824,538 |
| Total liabilities | $1,844,130 |
| 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 | $13,079,038 |
| Total liabilities and net assets/fund balances | $14,923,168 |