Pavers & Road Builders District Council Welfare Fund
- Assets
- $156.2m
- Revenue
- $73.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Whitestone, NY
- Founding
- 01/1958
- Data as of
- 12/2022
- 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 12/2022, Pavers & Road Builders District Council Welfare Fund employed 6 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 12/2022, Pavers & Road Builders District Council Welfare Fund generated $73.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $65.6m during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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
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 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 |
|---|---|---|---|
Keith Loscalzo Union Truste | Trustee | 0 | $0 |
Joseph Montelle Admin/tr. Di | Officer | 20 | $0 |
Francisco Fernandez Union Truste | Trustee | 0 | $0 |
Mary Cimino Asst Adminis | Officer | 20 | $0 |
John Kobel Fund Employe | 10 | $128,687 | |
Cynthia Wong Fund Employe | 15 | $127,708 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Blue Cross Claims Adm | 12/30/22 | $1,078,765 |
Virginia & Ambinder Legal | 12/30/22 | $188,861 |
Gorlick Kravitz & Listhaus Legal | 12/30/22 | $357,790 |
Intercontinental Investment Fees | 12/30/22 | $113,888 |
Castiglia Llp Auditing | 12/30/22 | $101,490 |
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 | $71,578,951 |
| Investment income | $3,407,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,398,479 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,094,975 |
| 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 | $63,138,879 |
| 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 | $393,595 |
| Pension plan accruals and contributions | $86,213 |
| Other employee benefits | $174,082 |
| Payroll taxes | $30,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $546,651 |
| Fees for services: Accounting | $101,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $374,729 |
| Fees for services: Other | $92,372 |
| Advertising and promotion | $0 |
| Office expenses | $61,274 |
| Information technology | $5,440 |
| Royalties | $0 |
| Occupancy | $88,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,302 |
| Insurance | $21,806 |
| All other expenses | $0 |
| Total functional expenses | $65,645,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337 |
| Savings and temporary cash investments | $32,729,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,864,382 |
| 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 | $10,269 |
| Net Land, buildings, and equipment | $70,308 |
| Investments—publicly traded securities | $111,866,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,665,806 |
| Total assets | $156,206,938 |
| Accounts payable and accrued expenses | $239,341 |
| 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 | $14,619,882 |
| Total liabilities | $14,859,223 |
| 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 | $141,347,715 |
| Total liabilities and net assets/fund balances | $156,206,938 |