Cement & Concrete Workers District Council Welfare Fund
- Assets
- $115.7m
- Revenue
- $34.5m
- Investments
- $78.2m
- Employees
- 10
- Location
- Flushing, NY
- Founding
- 11/1962
- Data as of
- 12/2021
- EIN
- 13-5542693
Organization Overview
Cement & Concrete Workers District Council Welfare Fund is located in Flushing, NY. The organization was established in 1962. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Cement & Concrete Workers District Council Welfare Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement & Concrete Workers District Council 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, Cement & Concrete Workers District Council Welfare Fund generated $34.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $37.8m during the year ending 12/2021. 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
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Bowen Fund Administrator | Officer | 19 | $267,903 |
Abby Kaplan Assistant Fund Administrat | 19 | $175,480 | |
Jessica Schippell Pen Fd Mgr | 0 | $102,065 | |
Angelo Angelone Union Trustee | Trustee | 1 | $0 |
Eric Lee Emp Trustee | Trustee | 1 | $0 |
Michael Salgo Emp Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gorlick Kravitz & Listhaus Pc Legal | 12/30/21 | $386,579 |
Empire Healthchoice Assurance Inc Health Claims Proces | 12/30/21 | $639,664 |
Fitzsimmons Abrams Llp Payroll Audit | 12/30/21 | $208,404 |
Basys Computer | 12/30/21 | $200,702 |
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 | $24,350,375 |
| Investment income | $1,502,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,637,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,540,506 |
| 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 | $35,971,608 |
| Compensation of current officers, directors, key employees. | $372,201 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,737 |
| Pension plan accruals and contributions | $271,076 |
| Other employee benefits | $93,419 |
| Payroll taxes | $81,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $455,780 |
| Fees for services: Accounting | $255,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,497 |
| Fees for services: Other | $145,725 |
| Advertising and promotion | $0 |
| Office expenses | $151,640 |
| Information technology | $263,692 |
| Royalties | $0 |
| Occupancy | $266,716 |
| 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 | $41,261 |
| Insurance | $127,404 |
| All other expenses | -$1,667,687 |
| Total functional expenses | $37,758,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,217,137 |
| Savings and temporary cash investments | $1,293,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,517,785 |
| 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 | $0 |
| Net Land, buildings, and equipment | $327,587 |
| Investments—publicly traded securities | $26,148,708 |
| Investments—other securities | $78,207,349 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,712,146 |
| Accounts payable and accrued expenses | $81,142 |
| 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 | $7,690,874 |
| Total liabilities | $7,772,016 |
| 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 | $107,940,130 |
| Total liabilities and net assets/fund balances | $115,712,146 |