District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity
- Assets
- $48.9m
- Revenue
- $31.4m
- Investments
- $1.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 23-2627429
Organization Overview
District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity is located in Philadelphia, PA. The organization was established in 1994. 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. District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity generated $31.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $24.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO DISTRICT 1199C MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO DISTRICT 1199C MEMBERS AND THEIR DEPENDENTS. BENEFITS PAID INCLUDE CLAIMS FOR HEALTH, DISABILITY, PRESCRIPTIONS, VISION CARE AND DENTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Nicholas Union Trustee | Trustee | 2 | $0 |
John Hundzynski Union Trustee | Trustee | 2 | $0 |
Chris Woods Union Trustee - Co-Chair | Trustee | 2 | $0 |
Paul A Csigi Employer Trustee (p) | Trustee | 2 | $0 |
Alfred J D'angelo Employer Trustee | Trustee | 2 | $0 |
Paul Rickershauser Employer Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qcc Insurance Contract Administrator/claims Processing | 12/30/22 | $1,111,218 |
Gallagher Benefits Consultant | 12/30/22 | $175,000 |
Payer Matrix Claims Processing | 12/30/22 | $544,204 |
Labor First Benefits Consultant | 12/30/22 | $152,904 |
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 | $30,463,197 |
| Investment income | $894,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$180,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,379,625 |
| 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 | $21,509,336 |
| Compensation of current officers, directors, key employees. | $76,080 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,707 |
| Pension plan accruals and contributions | $91,251 |
| Other employee benefits | $99,107 |
| Payroll taxes | $36,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,849 |
| Fees for services: Accounting | $51,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,418 |
| Fees for services: Other | $1,377,569 |
| Advertising and promotion | $0 |
| Office expenses | $87,197 |
| Information technology | $99,421 |
| Royalties | $0 |
| Occupancy | $29,938 |
| Travel | $148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,840 |
| Insurance | $45,194 |
| All other expenses | $0 |
| Total functional expenses | $24,194,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,512 |
| Savings and temporary cash investments | $22,396,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,205,002 |
| 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 | $8,075 |
| Net Land, buildings, and equipment | $14,970 |
| Investments—publicly traded securities | $20,705,009 |
| Investments—other securities | $1,078,884 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,098,684 |
| Total assets | $48,943,009 |
| Accounts payable and accrued expenses | $245,453 |
| Grants payable | $0 |
| Deferred revenue | $832,274 |
| 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 | $347,442 |
| Total liabilities | $1,425,169 |
| Net assets without donor restrictions | $47,517,840 |
| 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 | $48,943,009 |