Laborers Dist Council Build & Construction Health & Welfare
- Assets
- $178.7m
- Revenue
- $35.4m
- Investments
- $25.1m
- Employees
- 43
- Location
- Philadelphia, PA
- Founding
- 01/1962
- Data as of
- 04/2023
- EIN
- 23-1575634
Organization Overview
Laborers Dist Council Build & Construction Health & Welfare is located in Philadelphia, PA. The organization was established in 1962. 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 04/2023, Laborers Dist Council Build & Construction Health & Welfare employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Dist Council Build & Construction Health & Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Laborers Dist Council Build & Construction Health & Welfare generated $35.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $27.9m during the year ending 04/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIT PAYMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Boyer Trustee | Trustee | 1 | $0 |
Mark Freeman Trustee | Trustee | 1 | $0 |
James N Harper Jr Trustee | Trustee | 1 | $0 |
Malik Staten Trustee | Trustee | 1 | $0 |
Benjammin J Connors Trustee | Trustee | 1 | $0 |
David Panichi Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boyd Watterson Gsa Management | 4/29/23 | $312,352 |
Keystone Health Plan East Hmo Claims Administration | 4/29/23 | $1,222,200 |
Chartwell Investments Investment Management | 4/29/23 | $208,523 |
Perry N Blackman Cpa Accounting | 4/29/23 | $185,215 |
Express Scripts Prescription Claims Administration | 4/29/23 | $111,955 |
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 | $29,310,497 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $4,955,352 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,401,602 |
| 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 | $23,928,790 |
| 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 | $558,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,665 |
| Fees for services: Accounting | $251,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,891 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,313 |
| Insurance | $52,492 |
| All other expenses | $159,722 |
| Total functional expenses | $27,866,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,873,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,059,899 |
| 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 | $0 |
| Investments—publicly traded securities | $128,237,430 |
| Investments—other securities | $25,050,677 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,505,340 |
| Total assets | $178,727,280 |
| Accounts payable and accrued expenses | $628,471 |
| 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 | $1,643,745 |
| Total liabilities | $2,272,216 |
| Net assets without donor restrictions | $176,455,064 |
| 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 | $178,727,280 |