Brotherhoods Relief & Compensation Fund
- Assets
- $75.2m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Mechanicsburg, PA
- Founding
- 02/1942
- Data as of
- 09/2022
- EIN
- 23-0436880
Organization Overview
Brotherhoods Relief & Compensation Fund is located in Mechanicsburg, PA. The organization was established in 1942. 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 09/2022, Brotherhoods Relief & Compensation Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brotherhoods Relief & Compensation Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2022, Brotherhoods Relief & Compensation Fund generated $16.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $9.4m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOLLOWING BENEFITS ARE PAID TO OR FOR MEMBERS: *"HELD-OUT-OF-SERVICE" BENEFITS *"RETIREMENT" BENEFITS *"REFERRAL FEES"*ACCIDENTAL DEATH AND DISMEMBERMENT INSRUANCE POLICY*SCHOLARSHIPS ARE PROVIDED TO CHILDREN OF MEMEBRS
N/A
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse E Taylor Intl Pres | OfficerTrustee | 60 | $257,024 |
Donald J Despines Jr Asst Intl Pres | OfficerTrustee | 60 | $214,141 |
Brian J Penfield Intl Sec/tr | OfficerTrustee | 60 | $190,633 |
Phil Sullivan Accountant | 40 | $123,846 | |
Donald Valois Computer Programmer | 40 | $118,802 | |
Michael T Mccrory II Director | Trustee | 6 | $20,873 |
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 | $14,035,403 |
| Investment income | $2,112,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,216,531 |
| 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 | $6,730,439 |
| Compensation of current officers, directors, key employees. | $774,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,482 |
| Pension plan accruals and contributions | $72,292 |
| Other employee benefits | $572,061 |
| Payroll taxes | $81,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,000 |
| Fees for services: Accounting | $13,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,597 |
| Office expenses | $136,516 |
| Information technology | $187,821 |
| Royalties | $0 |
| Occupancy | $142,379 |
| Travel | $98,503 |
| 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 | $19,651 |
| Insurance | $6,324 |
| All other expenses | $11,696 |
| Total functional expenses | $9,405,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,798 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $97,675 |
| Investments—publicly traded securities | $74,095,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,204 |
| Total assets | $75,162,900 |
| Accounts payable and accrued expenses | $493,859 |
| 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 | $838,532 |
| Total liabilities | $1,332,391 |
| Net assets without donor restrictions | $73,830,509 |
| 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 | $75,162,900 |