Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd
- Assets
- $21.0m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1978
- Data as of
- 12/2022
- EIN
- 13-2828665
Organization Overview
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 12/2022, Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd generated $21.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $17.4m during the year ending 12/2022. 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thelma Winston Union Truste | Trustee | 12 | $0 |
Richard Modica Employer Tru | Trustee | 0 | $0 |
Dr Robert Laudicina Employer Tru | Trustee | 0 | $0 |
Lisa Fontaine Union Truste | Trustee | 0 | $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 | $21,240,276 |
| Investment income | $1,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,664 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,318,124 |
| 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 | $16,867,166 |
| 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 | $113,252 |
| Pension plan accruals and contributions | $5,222 |
| Other employee benefits | $40,759 |
| Payroll taxes | $9,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,254 |
| Fees for services: Accounting | $84,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,835 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $0 |
| Office expenses | $48,639 |
| Information technology | $17,304 |
| Royalties | $0 |
| Occupancy | $114,638 |
| 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 | $19,518 |
| Insurance | $13,027 |
| All other expenses | $0 |
| Total functional expenses | $17,445,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,480,329 |
| Savings and temporary cash investments | $500,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $746,770 |
| 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 | $17,401 |
| Net Land, buildings, and equipment | $63,262 |
| Investments—publicly traded securities | $12,015,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,602 |
| Total assets | $21,041,000 |
| Accounts payable and accrued expenses | $56,580 |
| 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 | $221,073 |
| Total liabilities | $277,653 |
| 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 | $20,763,347 |
| Total liabilities and net assets/fund balances | $21,041,000 |