Rochester Area Cons And Materials Teamsters Health & Welfare Fund
- Assets
- $7.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Rochester, NY
- Founding
- 05/1970
- Data as of
- 07/2024
- EIN
- 16-0962644
Organization Overview
Rochester Area Cons And Materials Teamsters Health & Welfare Fund is located in Rochester, NY. The organization was established in 1970. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Area Cons And Materials Teamsters Health & 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 07/2024, Rochester Area Cons And Materials Teamsters Health & Welfare Fund generated $6.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.8m during the year ending 07/2024. While expenses have increased by 2.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MEDICAL, DENTAL AND LIFE INSURANCE TO PARTICIPANTS ALONG WITH OTHER SELF-INSURED HEALTH CARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, DENTAL AND LIFE INSURANCE TO PARTICIPANTS ALONG WITH OTHER SELF-INSURED HEALTH CARE BENEFITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Weilert Trustee | Trustee | 2 | $0 |
Jeremy Pietrzykowski Trustee | Trustee | 2 | $0 |
Brian Rosenbauer Trustee | Trustee | 2 | $0 |
Mark Keeler Trustee | Trustee | 2 | $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 | $6,273,161 |
| Investment income | $354,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,729,973 |
| 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 | $6,322,452 |
| 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 | $63,630 |
| Pension plan accruals and contributions | $3,809 |
| Other employee benefits | $46,426 |
| Payroll taxes | $5,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,822 |
| Fees for services: Accounting | $20,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,047 |
| Fees for services: Other | $20,130 |
| Advertising and promotion | $0 |
| Office expenses | $29,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,600 |
| 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 | $493 |
| Insurance | $15,511 |
| All other expenses | $1,195 |
| Total functional expenses | $6,772,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,982 |
| Savings and temporary cash investments | $189,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,065 |
| 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 | $410 |
| Investments—publicly traded securities | $7,305,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,437 |
| Total assets | $7,754,751 |
| Accounts payable and accrued expenses | $66,289 |
| 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 | $221,474 |
| Total liabilities | $287,763 |
| Net assets without donor restrictions | $7,466,988 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,754,751 |