Roofers Local 74203 Welfare Fund is located in West Seneca, NY. The organization was established in 1961. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Roofers Local 74203 Welfare Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roofers Local 74203 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 06/2022, Roofers Local 74203 Welfare Fund generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 1.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, DENTAL, VISION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDED MEDICAL BENEFITS TO MEMBERS, INCLUDING HEALTH, MEDICAL EXPENSE REIMBURSEMENT, DISABILITY, DEATH BENEFITS AND DENTAL AND VISION COVERAGE TO ELIGIBLE PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luke Baecker Fund Adminis | Officer | 20 | $79,997 |
Dave Yonkosky Union Truste | Trustee | 2 | $4,053 |
Jason Proutey Union Truste | Trustee | 2 | $224 |
Philip Lester Union Truste | Trustee | 2 | $0 |
Nicholas Gechell Union Truste | Trustee | 2 | $0 |
Patrick Byrne Employer Tru | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Arnot Ogden Medical Center Medical Claims | 6/29/19 | $203,082 |
Hosp University Pa Medical Claims | 6/29/19 | $192,965 |
Erie County Medical Center Corporate Medical Claims | 6/29/19 | $105,278 |
Sisters Of Chairty Hospital Medical Claims | 6/29/19 | $103,616 |
Our Lady Of Lourdes Hospital Medical Claims | 6/29/19 | $314,128 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $59,710 |
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 | $59,710 |
Total Program Service Revenue | $2,784,295 |
Investment income | $171,155 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $365,944 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,579,447 |
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 | $3,411,428 |
Compensation of current officers, directors, key employees. | $68,859 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $53,018 |
Pension plan accruals and contributions | $21,365 |
Other employee benefits | $15,279 |
Payroll taxes | $12,364 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,025 |
Fees for services: Accounting | $41,165 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $36,018 |
Fees for services: Other | $147,149 |
Advertising and promotion | $0 |
Office expenses | $49,391 |
Information technology | $7,296 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,003 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,245 |
All other expenses | $0 |
Total functional expenses | $3,882,605 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $305,631 |
Savings and temporary cash investments | $659,177 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $356,606 |
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 | $542 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $5,312,499 |
Investments—other securities | $377,135 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $49,053 |
Total assets | $7,060,643 |
Accounts payable and accrued expenses | $4,965 |
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 | $22,663 |
Total liabilities | $27,628 |
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 | $7,033,015 |
Total liabilities and net assets/fund balances | $7,060,643 |
Organization Name | Assets | Revenue |
---|---|---|
Southern Painters Welfare Fund Pittsburgh, PA | $17,172,930 | $23,602,516 |
Mutual Beneficial Association Inc Berwyn, PA | $132,759,628 | $20,036,739 |
Centers For Care Health Plan Bronx, NY | $49,972,187 | $33,212,808 |
Stewart Employee Benefit Trust York, PA | $728,219 | $17,071,502 |
Redners Voluntary Employees Benefit Plan And Trust Reading, PA | $695,082 | $16,941,479 |
Lufthansa German Airlines Long Term Disability Benefits Pl Tr Uniondale, NY | $2,508,054 | $15,798,770 |
Welfare Fund Heat And Frost Insulators Local 12 Long Island City, NY | $34,847,538 | $18,361,265 |
First Medical Insurance Compant A Risk Retention Group Colchester, VT | $102,134,145 | $15,354,853 |
Mrm Property And Liability Tr Inc Sewickley, PA | $33,998,884 | $14,896,339 |
Giorgio Health & Welfare Plan Temple, PA | $32,283 | $14,373,210 |
Centers For Care Health Plan co Bronx Funding LLC Bronx, NY | $25,788,041 | $17,894,242 |
Rvc Insurance Company Inc Rockville Centre, NY | $295,933,062 | $29,353,576 |