District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity
- Assets
- $43.9m
- Revenue
- $37.4m
- Investments
- $1.0m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1994
- Data as of
- 12/2021
- 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 12/2021, District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity generated $37.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $30.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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
2021
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 |
|---|---|---|---|
Eric Brooks Executive Director | Officer | 13 | $45,951 |
Laverne Devalia Executive Director (p) | Officer | 13 | $8,553 |
Henry Nicholas Union Trustee | Trustee | 2 | $0 |
John Hundzynski Union Trustee | Trustee | 2 | $0 |
Paul A Csigi Employer Trustee | Trustee | 2 | $0 |
Chris Woods Union Trustee (p) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qcc Insurance Contract Administrator/claims Processing | 12/30/21 | $1,223,613 |
Labor First Benefits Consultant | 12/30/21 | $177,099 |
Payer Matrix Claims Processing | 12/30/21 | $509,533 |
Gallagher Benefits Consultant | 12/30/21 | $175,000 |
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 | $35,876,383 |
| Investment income | $381,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,113,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,435,482 |
| 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 | $27,935,809 |
| Compensation of current officers, directors, key employees. | $86,193 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,721 |
| Pension plan accruals and contributions | $177,623 |
| Other employee benefits | $8,126 |
| Payroll taxes | $32,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,090 |
| Fees for services: Accounting | $80,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,822 |
| Fees for services: Other | $1,512,403 |
| Advertising and promotion | $0 |
| Office expenses | $67,426 |
| Information technology | $89,105 |
| Royalties | $0 |
| Occupancy | $29,938 |
| Travel | $136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,817 |
| Insurance | $52,575 |
| All other expenses | $0 |
| Total functional expenses | $30,767,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $979,630 |
| Savings and temporary cash investments | $16,373,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,396,164 |
| 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 | $76,143 |
| Net Land, buildings, and equipment | $15,111 |
| Investments—publicly traded securities | $19,978,529 |
| Investments—other securities | $1,017,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,096,033 |
| Total assets | $43,932,526 |
| Accounts payable and accrued expenses | $225,979 |
| 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 | $471,525 |
| Total liabilities | $1,529,778 |
| Net assets without donor restrictions | $42,402,748 |
| 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 | $43,932,526 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that District 1199c Benefit Fund For Hosp Employees-Phila & Vicinity has recieved totaling $338,979.
| Awarding Organization | Amount |
|---|---|
Philadelphia Youth Network Inc Philadelphia, PA PURPOSE: To provide training | $338,979 |