Central New York Laborers Health And Welfare Fund is located in E Syracuse, NY. The organization was established in 1959. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Central New York Laborers Health And Welfare Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New York Laborers Health And 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 06/2021, Central New York Laborers Health And Welfare Fund generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. 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
PROVIDE MEDICAL, DENTAL, DISABILITY AND DEATH BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES MEDICAL, DENTAL, DISABILITY AND DEATH BENEFITS FOR UNION MEMBERS AND THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Earl N Hall Trustee | Trustee | 1 | $0 |
Joseph Solazzo III Trustee | Trustee | 1 | $0 |
Gabriel Rosetti III Trustee | Trustee | 1 | $0 |
Stephen Compagni Trustee Designated 2/26/19 | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $16,322 |
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 | $16,322 |
Total Program Service Revenue | $2,570,260 |
Investment income | $314,385 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $58,711 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,054,721 |
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 | $2,753,907 |
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 | $55,885 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $68,594 |
Payroll taxes | $5,165 |
Fees for services: Management | $0 |
Fees for services: Legal | $55,619 |
Fees for services: Accounting | $28,040 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $35,261 |
Fees for services: Other | $192,303 |
Advertising and promotion | $0 |
Office expenses | $9,927 |
Information technology | $8,184 |
Royalties | $0 |
Occupancy | $29,364 |
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 | $8,614 |
Insurance | $6,186 |
All other expenses | $0 |
Total functional expenses | $3,260,867 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $215,954 |
Savings and temporary cash investments | $274,443 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $331,944 |
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 | $27,278 |
Investments—publicly traded securities | $8,879,833 |
Investments—other securities | $169,988 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | -$21,481 |
Total assets | $9,877,959 |
Accounts payable and accrued expenses | $72,569 |
Grants payable | $0 |
Deferred revenue | $11,773 |
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 | $0 |
Total liabilities | $84,342 |
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 | $9,793,617 |
Total liabilities and net assets/fund balances | $9,877,959 |
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Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
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