United Food & Comm Wkrs Union Local 1262 & Employers Welfare Fund
- Assets
- $25.3m
- Revenue
- $87.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Clifton, NJ
- Founding
- 11/1970
- Data as of
- 09/2021
- EIN
- 22-6137317
Organization Overview
United Food & Comm Wkrs Union Local 1262 & Employers Welfare Fund is located in Clifton, NJ. The organization was established in 1970. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. United Food & Comm Wkrs Union Local 1262 & Employers 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 09/2021, United Food & Comm Wkrs Union Local 1262 & Employers Welfare Fund generated $87.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $87.5m during the year ending 09/2021. While expenses have increased by 2.9% per year over the past 6 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
TO PROVIDE HOSPITAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND OTHER MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOSPITAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND OTHER MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTSAND THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dewey Cannella Employer Trustee | Trustee | 5 | $0 |
Michael Demartino Union Trustee | Trustee | 5 | $0 |
Patrick Durning Employer Trustee | Trustee | 5 | $0 |
Harvey Whille Chairman, Union Trustee | Trustee | 5 | $0 |
Rachel Caruso Employer Trustee | Trustee | 5 | $0 |
Thomas Whille Union Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horizon Healthcare Services Inc Claims Administrator | 9/29/21 | $3,053,142 |
Frank M Vaccaro & Associates Inc Third-party Administrator | 9/29/21 | $248,690 |
Horizon Healthcare Dental Services Claims Administrator | 9/29/21 | $219,957 |
Beacon Health Options Claims Administrator | 9/29/21 | $123,122 |
Express Scripts Claims Administrator | 9/29/21 | $217,531 |
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 | $87,141,249 |
| Investment income | $327,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $285,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,753,687 |
| 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 | $85,463,526 |
| 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 | $660,115 |
| Pension plan accruals and contributions | $46,771 |
| Other employee benefits | $188,531 |
| Payroll taxes | $54,793 |
| Fees for services: Management | $248,690 |
| Fees for services: Legal | $103,636 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,789 |
| Fees for services: Other | $143,426 |
| Advertising and promotion | $0 |
| Office expenses | $159,744 |
| Information technology | $185,927 |
| Royalties | $0 |
| Occupancy | $46,434 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,146 |
| Insurance | $43,801 |
| All other expenses | $37,078 |
| Total functional expenses | $87,451,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,221 |
| Savings and temporary cash investments | $639,830 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,354,383 |
| 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 | $32,641 |
| Net Land, buildings, and equipment | $1,918 |
| Investments—publicly traded securities | $18,125,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,120,508 |
| Total assets | $25,277,473 |
| Accounts payable and accrued expenses | $117,358 |
| 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 | $323,159 |
| Total liabilities | $440,517 |
| 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 | $24,836,956 |
| Total liabilities and net assets/fund balances | $25,277,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Astrazeneca Patient Assistance Organization Wilmington, DE | $0 | $868,571,806 |
Partners Health Plan Inc Bronx, NY | $49,889,991 | $287,431,178 |
Delta Dental Plan Of New Jersey Parsippany, NJ | $344,405,175 | $295,379,195 |
Sunset Park Health Council Inc Brooklyn, NY | $120,395,373 | $204,216,031 |
Hudson Headwaters Health Network Queensbury, NY | $162,853,955 | $161,688,562 |
United Food & Comm Wkrs Union Local 1262 & Employers Welfare Fund Clifton, NJ | $25,277,473 | $87,753,687 |
Delta Dental Of Delaware Inc Mechanicsburg, PA | $18,629,043 | $77,257,162 |
Dentcare Delivery Systems Inc Uniondale, NY | $23,820,779 | $55,088,779 |
Northwest Behavioral Health Partnership Inc New Castle, PA | $31,030,978 | $48,843,347 |
Inspira Health Network Life Inc Vineland, NJ | $17,203,909 | $29,584,528 |
New York State United Teachers Member Benefits Catastrophe Major Latham, NY | $163,944,061 | $48,601,749 |
Retiree Health And Welfare Fund Of The Police Benevolent Association New York, NY | $171,668,298 | $54,323,145 |