Local 373 Ua Health & Welfare Fund
- Assets
- $14.9m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Mountainville, NY
- Founding
- 01/1994
- Data as of
- 12/2023
- EIN
- 13-3593163
Organization Overview
Local 373 Ua Health & Welfare Fund is located in Mountainville, NY. The organization was established in 1994. As of 12/2023, Local 373 Ua Health & Welfare Fund employed 34 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 12/2023, Local 373 Ua Health & Welfare Fund generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $7.8m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kempton Management Trustee | Trustee | 1 | $0 |
Dana Moshier Labor Trustee | Trustee | 1 | $0 |
Russell Bewick Labor Trustee | Trustee | 1 | $0 |
Kane Armistead Management Trustee | Trustee | 1 | $0 |
Robert Roth Management Trustee | Trustee | 1 | $0 |
Richard Pforte 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 | $7,581,888 |
| Investment income | $255,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,392,827 |
| 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 | $7,499,972 |
| 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 | $64,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,814 |
| Payroll taxes | $4,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,080 |
| Fees for services: Accounting | $28,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,085 |
| Fees for services: Other | $38,680 |
| Advertising and promotion | $0 |
| Office expenses | $17,518 |
| Information technology | $6,773 |
| Royalties | $0 |
| Occupancy | $12,618 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,371 |
| Insurance | $10,437 |
| All other expenses | $0 |
| Total functional expenses | $7,820,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,912,960 |
| Savings and temporary cash investments | $939,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $894,995 |
| 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 | $84,229 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,116,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,948,259 |
| Accounts payable and accrued expenses | $58,235 |
| 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 | $2,146,345 |
| Total liabilities | $2,204,580 |
| 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 | $12,743,679 |
| Total liabilities and net assets/fund balances | $14,948,259 |