Day Care Council - Local 205 Dc 1707 Welfare Fund
- Assets
- $30.1m
- Revenue
- $13.2m
- Investments
- $22.4m
- Employees
- 6
- Location
- New York, NY
- Founding
- 09/1986
- Data as of
- 06/2021
- EIN
- 13-2672380
Organization Overview
Day Care Council - Local 205 Dc 1707 Welfare Fund is located in New York, NY. The organization was established in 1986. 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 06/2021, Day Care Council - Local 205 DC 1707 Welfare Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Day Care Council - Local 205 DC 1707 Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Day Care Council - Local 205 DC 1707 Welfare Fund generated $13.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $13.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. 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 HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Adoniz Administrator | Officer | 35 | $124,609 |
Lorenzo Newby Trustee | Trustee | 1 | $0 |
Kim Medina Trustee | Trustee | 1 | $0 |
Andrea Anthony - Thru 621 Trustee | Trustee | 1 | $0 |
Betty Jones Trustee | Trustee | 1 | $0 |
Mabel Everett 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 | $11,742,794 |
| Investment income | $493,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $757,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,243,785 |
| 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 | $11,815,806 |
| Compensation of current officers, directors, key employees. | $135,060 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,315 |
| Pension plan accruals and contributions | $36,471 |
| Other employee benefits | $82,355 |
| Payroll taxes | $34,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,000 |
| Fees for services: Accounting | $35,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,727 |
| Fees for services: Other | $48,500 |
| Advertising and promotion | $0 |
| Office expenses | $72,343 |
| Information technology | $86,387 |
| Royalties | $0 |
| Occupancy | $196,690 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,775 |
| Insurance | $34,186 |
| All other expenses | $0 |
| Total functional expenses | $12,990,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,383 |
| 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 | $39,477 |
| Net Land, buildings, and equipment | $48,337 |
| Investments—publicly traded securities | $6,491,588 |
| Investments—other securities | $22,374,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,417 |
| Total assets | $30,122,614 |
| Accounts payable and accrued expenses | $170,847 |
| Grants payable | $0 |
| Deferred revenue | $369,973 |
| 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 | $897,425 |
| Total liabilities | $1,438,245 |
| 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 | $28,684,369 |
| Total liabilities and net assets/fund balances | $30,122,614 |