Allied Security Health & Welfare Fund
- Assets
- $4.5m
- Revenue
- $757.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Mineola, NY
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 13-2738779
Organization Overview
Allied Security Health & Welfare Fund is located in Mineola, NY. The organization was established in 1973. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Allied Security Health & Welfare Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allied Security Health & 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 12/2021, Allied Security Health & Welfare Fund generated $757.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $597.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 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
PAY HEALTH BENEFITS TO/FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS TO/FOR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Vanson Union Trustee | Trustee | 5 | $0 |
John Chester Fromer Employer Trustee | Trustee | 1 | $0 |
Richard Pepe 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 | $667,494 |
| Investment income | $39,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,342 |
| 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 | $389,298 |
| 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 | $30,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $33,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,697 |
| Fees for services: Other | $61,138 |
| Advertising and promotion | $0 |
| Office expenses | $16,469 |
| Information technology | $6,739 |
| Royalties | $0 |
| Occupancy | $12,000 |
| 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 | $821 |
| Insurance | $10,824 |
| All other expenses | $0 |
| Total functional expenses | $597,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,010,444 |
| Savings and temporary cash investments | $14,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,993 |
| 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 | $7,469 |
| Net Land, buildings, and equipment | $822 |
| Investments—publicly traded securities | $3,352,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,468,653 |
| Accounts payable and accrued expenses | $50,950 |
| 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 | $98,102 |
| Total liabilities | $149,052 |
| 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 | $4,319,601 |
| Total liabilities and net assets/fund balances | $4,468,653 |
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Allied Security Health & Welfare Fund Mineola, NY | $4,468,653 | $757,342 |