Pavers & Road Builders District Council Welfare Fund
- Assets
- $157.9m
- Revenue
- $70.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Whitestone, NY
- Founding
- 01/1958
- Data as of
- 12/2021
- EIN
- 13-5562753
Organization Overview
Pavers & Road Builders District Council Welfare Fund is located in Whitestone, NY. The organization was established in 1958. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Pavers & Road Builders District Council Welfare Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pavers & Road Builders 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, Pavers & Road Builders District Council Welfare Fund generated $70.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $58.4m during the year ending 12/2021. While expenses have increased by 11.0% 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 DEPENDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVELY BARGAINED MULTI-EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS & THEIR DEPENDENTS
TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS & THEIR DEPENDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Wong Fund Employe | 15 | $124,755 | |
John Kobel Fund Employe | 10 | $122,114 | |
Denise Alioto Fund Employe | 25 | $107,601 | |
Joseph Montelle Funds Admin | Officer | 20 | $0 |
Keith Loscalzo Union Truste | Trustee | 0 | $0 |
Francisco Fernandez Union Truste | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Blue Cross Claims Adm | 12/30/21 | $1,297,042 |
Zenith American Solution Third Part Admi | 12/30/21 | $398,963 |
Gorlick Kravitz & Listhaus Legal | 12/30/21 | $336,190 |
Virginia & Ambinder Legal | 12/30/21 | $125,171 |
The Segal Group Consulting | 12/30/21 | $118,000 |
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 | $62,532,920 |
| Investment income | $2,698,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,092,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,099,031 |
| 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 | $56,148,922 |
| 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 | $352,630 |
| Pension plan accruals and contributions | $102,124 |
| Other employee benefits | $127,451 |
| Payroll taxes | $42,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461,361 |
| Fees for services: Accounting | $100,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $403,188 |
| Fees for services: Other | $119,904 |
| Advertising and promotion | $0 |
| Office expenses | $27,903 |
| Information technology | $4,731 |
| Royalties | $0 |
| Occupancy | $71,153 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,483 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,194 |
| Insurance | $21,281 |
| All other expenses | $0 |
| Total functional expenses | $58,431,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,189 |
| Savings and temporary cash investments | $29,021,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,292,093 |
| 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 | $11,385 |
| Net Land, buildings, and equipment | $55,882 |
| Investments—publicly traded securities | $118,652,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,806,354 |
| Total assets | $157,864,281 |
| Accounts payable and accrued expenses | $225,546 |
| 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 | $11,400,864 |
| Total liabilities | $11,626,410 |
| 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 | $146,237,871 |
| Total liabilities and net assets/fund balances | $157,864,281 |