Health & Welfare Fund Local 456 Ib

Organization Overview

Health & Welfare Fund Local 456 Ib is located in West Trenton, NJ. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health & Welfare Fund Local 456 Ib is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.

For the year ending 12/2021, Health & Welfare Fund Local 456 Ib generated $23.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $25.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS


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Board, Officers & Key Employees

Name (title)Compensation
Harry C Alexander
Trustee
$0
Terrance Craig
Trustee
$0
Jeffery Shaute
Trustee
$0
Dennis F Cronin
Trustee
$0
Francis T Leake
Trustee
$0
Michael G Mclaughlin
Trustee
$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$18,500,807
Investment income $2,018,222
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,036,086
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,555,115

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