Ibew No 271-Neca Health And Benefit Fund
- Assets
- $18.9m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Wichita, KS
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-0520351
Organization Overview
Ibew No 271-Neca Health And Benefit Fund is located in Wichita, KS. The organization was established in 2007. 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 12/2021, Ibew No 271-Neca Health And Benefit Fund employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew No 271-Neca Health And Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Ibew No 271-Neca Health And Benefit Fund generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. While expenses have increased by 4.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HEALTH, DENTAL, WELFARE, ACCIDENT, AND LIFE INSURANCE BENEFITS FOR MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 271
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTH, WELFARE, ACCIDENT, DENTAL, DISABILITY, AND LIFE BENEFITS FOR MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 271
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Kennedy Chairman | OfficerTrustee | 1 | $0 |
Dylan Woodard Secretary | OfficerTrustee | 1 | $0 |
Jarret Bergkamp Trustee | Trustee | 1 | $0 |
Luke Warkentine Trustee | Trustee | 1 | $0 |
Tom Zoglmann Trustee | Trustee | 1 | $0 |
Richard Powell 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 | $10,254,939 |
| Investment income | $386,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,630,530 |
| 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 | $9,293,514 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,600 |
| Fees for services: Accounting | $27,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,787 |
| Fees for services: Other | $2,300 |
| Advertising and promotion | $0 |
| Office expenses | $4,922 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,511 |
| All other expenses | $3,465 |
| Total functional expenses | $9,550,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,349,442 |
| Savings and temporary cash investments | $749,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,048,784 |
| 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 | $3,037 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,789,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,940,734 |
| Accounts payable and accrued expenses | $54,424 |
| 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 | $0 |
| Total liabilities | $54,424 |
| Net assets without donor restrictions | $18,886,310 |
| 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 | $18,940,734 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Brotherhood Of Electrical Workers Vacation Fund St Louis, MO | $21,682,706 | $21,060,476 |
St Louis Labor Healthcare Network St Louis, MO | $51,048,530 | $16,900,714 |
Colorado Laborers Health And Welfare Fund Aurora, CO | $54,174,853 | $17,945,375 |
Automotive Petroleum And Allied Industries Employees Welfare Fund Earth City, MO | $29,790,282 | $16,918,910 |
Ibew-Neca Holiday Trust Fund Local No 1 St Louis, MO | $21,242,231 | $18,382,652 |
Mo-Kan Iron Workers Welfare Fund Kansas City, MO | $33,911,969 | $17,390,399 |
Ufcw Union Local No 88 Employers Health & Welfare Fund St Louis, MO | $15,413,349 | $16,390,136 |
Bancfirst Corporation Employees Benefit Trust Oklahoma City, OK | $5,938,053 | $16,220,093 |
Omaha Firefighters Healthcare Trust Omaha, NE | $4,765,969 | $17,453,311 |
Cn Enterprises Health Plan Tr Ada, OK | $2,643,128 | $14,907,101 |
Government Employees Health Association Inc Voluntary Welfare Lees Summit, MO | $4,496,312 | $15,096,099 |
Local Union 682 Health & Welfare Trust Fund Maryland Heights, MO | $19,630,221 | $11,760,446 |