Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd is located in New York, NY. The organization was established in 1978. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd 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, Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd generated $22.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $20.1m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
COLLECTIVELY BARGAINED MULTI-EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS & THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS
COLLECTIVELY BARGAINED MULTI-EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS AND THEIR FAMILIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thelma Winston Union Truste | Trustee | 12 | $0 |
Richard Modica Employer Tru | Trustee | $0 | |
Dr Robert Laudicina Employer Tru | Trustee | $0 | |
Lisa Fontaine Union Truste | Trustee | $0 | |
Berta Anderson Union Truste | 0 | $0 |
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 | $21,991,328 |
Investment income | $52 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $4,328 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,995,708 |
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 | $19,485,171 |
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 | $134,832 |
Pension plan accruals and contributions | $10,552 |
Other employee benefits | $68,412 |
Payroll taxes | $11,169 |
Fees for services: Management | $0 |
Fees for services: Legal | $58,829 |
Fees for services: Accounting | $58,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $15,102 |
Fees for services: Other | $59,247 |
Advertising and promotion | $0 |
Office expenses | $55,383 |
Information technology | $3,915 |
Royalties | $0 |
Occupancy | $110,004 |
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 | $11,721 |
Insurance | $15,537 |
All other expenses | $0 |
Total functional expenses | $20,098,374 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,067,937 |
Savings and temporary cash investments | $400,491 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,006,988 |
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 | $16,859 |
Net Land, buildings, and equipment | $82,779 |
Investments—publicly traded securities | $13,462,244 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $350,784 |
Total assets | $19,388,082 |
Accounts payable and accrued expenses | $95,510 |
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 | $388,967 |
Total liabilities | $484,477 |
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 | $18,903,605 |
Total liabilities and net assets/fund balances | $19,388,082 |