G R Robert Construction Co Inc Usw Welfare Tr Fund
- Assets
- $3.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NJ
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 22-3092272
Organization Overview
G R Robert Construction Co Inc Usw Welfare Tr Fund is located in Farmingdale, NJ. The organization was established in 1996. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G R Robert Construction Co Inc Usw Welfare Tr 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, G R Robert Construction Co Inc Usw Welfare Tr Fund generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
TO PROVIDE HEALTH AND WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Abadrabo Trustee | Trustee | 1 | $0 |
Thomas Hardell Trustee | Trustee | 0 | $0 |
Michael Fisher Trustee | Trustee | 0 | $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 | $4,104,630 |
| Investment income | $238,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,353,086 |
| 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 | $4,487,257 |
| 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 | $0 |
| Fees for services: Accounting | $12,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,038 |
| Fees for services: Other | $3,052 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,523,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $917,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $103,215 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,440,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,234 |
| Total assets | $3,505,634 |
| Accounts payable and accrued expenses | $267,221 |
| 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 | $267,221 |
| Net assets without donor restrictions | $3,238,413 |
| 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 | $3,505,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
Forum To Advance Minorities In Engineering Inc Wilmington, DE | $4,753,288 | $5,079,647 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |
American Council Of Engineering Companies Of Pennsylvania Harrisburg, PA | $346,690 | $701,084 |
American Society Of Highway Engineers Johnstown, PA | $2,471,910 | $829,039 |
Heavy Construction Industry Promotional Fund Melville, NY | $4,649,755 | $1,071,612 |
Construction Industry Association Of Rochester Ny Inc Rochester, NY | $1,438,677 | $500,575 |
Open Transformation Lab Inc Flushing, NY | $27,316 | $315,900 |