Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund
- Assets
- $12.4m
- Revenue
- $8.2m
- Investments
- $2.9m
- Employees
- 7
- Location
- Albany, NY
- Founding
- 08/1962
- Data as of
- 04/2023
- EIN
- 14-1461803
Organization Overview
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund is located in Albany, NY. The organization was established in 1962. 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 04/2023, Bricklayers & Allied Craftworkers Loc 2 Albany NY Health Ben Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bricklayers & Allied Craftworkers Loc 2 Albany NY Health Ben Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Bricklayers & Allied Craftworkers Loc 2 Albany NY Health Ben Fund generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.6m during the year ending 04/2023. 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Tirino Union Trustee | Trustee | 1 | $0 |
Kevin Potter Union Trustee | Trustee | 1 | $0 |
Al Catalano Union Trustee | Trustee | 1 | $0 |
Woodrow Miller Union Trustee | Trustee | 1 | $0 |
Earl R Hall Employer Trustee | Trustee | 1 | $0 |
Todd Helfrich Employer 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 | $7,976,676 |
| Investment income | $345,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$167,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,154,963 |
| 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 | $7,908,339 |
| Compensation of current officers, directors, key employees. | $135,501 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,654 |
| Pension plan accruals and contributions | $46,029 |
| Other employee benefits | $79,988 |
| Payroll taxes | $32,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,362 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,554 |
| Fees for services: Other | $62,475 |
| Advertising and promotion | $0 |
| Office expenses | $49,945 |
| Information technology | $48,734 |
| Royalties | $0 |
| Occupancy | $23,930 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,222 |
| All other expenses | -$188,757 |
| Total functional expenses | $8,599,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,437,736 |
| Savings and temporary cash investments | $80,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,052,189 |
| 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 | $0 |
| Investments—publicly traded securities | $6,978,668 |
| Investments—other securities | $2,859,520 |
| Investments—program-related | $0 |
| Intangible assets | $8,751 |
| Other assets | $0 |
| Total assets | $12,417,493 |
| Accounts payable and accrued expenses | $112,135 |
| 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 | $886,269 |
| Total liabilities | $998,404 |
| 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 | $11,419,089 |
| Total liabilities and net assets/fund balances | $12,417,493 |