Teamsters Local 830 Welfare Fund
- Assets
- $44.1m
- Revenue
- $36.0m
- Investments
- $5.2m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/1955
- Data as of
- 08/2021
- EIN
- 23-1415471
Organization Overview
Teamsters Local 830 Welfare Fund is located in Philadelphia, PA. The organization was established in 1955. 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. Teamsters Local 830 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 08/2021, Teamsters Local 830 Welfare Fund generated $36.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $32.0m during the year ending 08/2021. While expenses have increased by 6.4% 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
MAJOR MEDICAL, MEDICAL DOCTORS VISITS,HOSPITALIZATION,PRESCRIPTION DRUG, VISION AND OTHER DIAGNOSTIC BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR MEDICAL, MEDICAL DOCTORS VISITS,HOSPITALIZATION,PRESCRIPTION DRUG, VISION AND OTHER DIAGNOSTIC BENEFITS.
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 |
|---|---|---|---|
Samuel J Kenish Administrator | Officer | 18 | $120,009 |
Dominic Origlio Employer Trustee | Trustee | 5 | $0 |
Matthew Funchion Employer Trustee | Trustee | 5 | $0 |
Charles T White Union Trustee | Trustee | 5 | $0 |
Susanne T Deluisi Union Trustee | Trustee | 5 | $0 |
Nicholas Funchion Employer Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keystone Health Plan East Claims Administration | 8/30/21 | $1,162,690 |
Benefcard Services Inc Prescription Benefit Administration | 8/30/21 | $219,051 |
Qcc Insurance Company Claims Administration | 8/30/21 | $156,223 |
Temple University Hospital Care Management | 8/30/21 | $310,000 |
Freedman & Lorry Pc Legal Benefit Provider | 8/30/21 | $217,000 |
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 | $35,073,539 |
| Investment income | $1,073,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$116,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,030,617 |
| 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 | $30,993,793 |
| Compensation of current officers, directors, key employees. | $124,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,363 |
| Pension plan accruals and contributions | $53,802 |
| Other employee benefits | $0 |
| Payroll taxes | $25,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,662 |
| Fees for services: Accounting | $48,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,914 |
| Fees for services: Other | $55,356 |
| Advertising and promotion | $0 |
| Office expenses | $49,687 |
| Information technology | $24,896 |
| Royalties | $0 |
| Occupancy | $68,299 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,440 |
| All other expenses | $0 |
| Total functional expenses | $31,971,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,341,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,057,796 |
| 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 | $10,121 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,122,107 |
| Investments—other securities | $5,157,835 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,402,996 |
| Total assets | $44,092,467 |
| Accounts payable and accrued expenses | $81,394 |
| Grants payable | $0 |
| Deferred revenue | $45,583 |
| 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 | $54,508 |
| Total liabilities | $181,485 |
| Net assets without donor restrictions | $43,910,982 |
| 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 | $44,092,467 |