Local 373 Ua Health & Welfare Fund
- Assets
- $13.6m
- Revenue
- $6.2m
- Investments
- $10.6m
- Employees
- 83
- Location
- Mountainville, NY
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 13-3593163
Organization Overview
Local 373 Ua Health & Welfare Fund is located in Mountainville, NY. The organization was established in 1994. As of 12/2021, Local 373 Ua Health & Welfare Fund employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 373 Ua 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, Local 373 Ua Health & Welfare Fund generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 0.1% 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
PROVIDE HEALTH AND WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND ADMINISTER HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF LOCAL UNION 373.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kempton Management Trustee | Trustee | 1 | $0 |
Dana Moshier Labor Trustee | Trustee | 1 | $0 |
Robert Roth Management Trustee | Trustee | 1 | $0 |
Kane Armistead Management Trustee | Trustee | 1 | $0 |
Richard Pforte Labor Trustee | Trustee | 1 | $0 |
Russell Bewick Labor 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 | $4,930,150 |
| Investment income | $159,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $466,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,201,187 |
| 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 | $4,946,451 |
| 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 | $74,733 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,470 |
| Payroll taxes | $5,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,380 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,648 |
| Fees for services: Other | $39,600 |
| Advertising and promotion | $0 |
| Office expenses | $19,460 |
| Information technology | $7,295 |
| Royalties | $0 |
| Occupancy | $10,884 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,057 |
| Insurance | $5,803 |
| All other expenses | $0 |
| Total functional expenses | $5,305,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,322,843 |
| Savings and temporary cash investments | $553,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,133,966 |
| 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 | $40,341 |
| Net Land, buildings, and equipment | $19,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,557,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,627,020 |
| Accounts payable and accrued expenses | $21,128 |
| 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 | $1,033,912 |
| Total liabilities | $1,055,040 |
| 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 | $12,571,980 |
| Total liabilities and net assets/fund balances | $13,627,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk County Municipal Employees Benefit Fund Bohemia, NY | $36,557,541 | $14,741,680 |
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 Hopatcong, NJ | $14,253,672 | $11,043,996 |
Wine & Liquor Salesmen Of New Jersey Welfare Fund Brooklyn, NY | $403,404 | $7,111,083 |
Local 373 Ua Health & Welfare Fund Mountainville, NY | $13,627,020 | $6,201,187 |
District Council 37 Cultural Inst Health & Security Plan Tr New York, NY | $16,457,918 | $5,927,391 |
Harrison Teachers Benefits Harrison, NY | $959,953 | $920,304 |
Liquor Salesmens Union Local 2 Insurance Trust Fund Brooklyn, NY | $5,353,320 | $905,370 |
Connecticut Mutual Ins Co Voluntary Employee Beneficiary Tr Springfield, MA | $75,702 | $17 |
Retiree Medical Benefits Tr For Certain Retirees Of Pan American Hauppauge, NY | $81,159 | $0 |
Amalgamated Meatcutters & Retail Fd Store Emp Loc 342 Wel A&p Fund Mineola, NY | $218,773 | $0 |
American Guild Of Variety Artists General Sick And Relief Fund New York, NY | $1,097,722 | $617 |
Human Service Agencies Health Care Fund Elmira, NY | $631 | $0 |