Redwood Empire Electrical Workers Health & Welfare Trust
- Assets
- $13.2m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 2
- Location
- santa rosa, CA
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 23-7071451
Organization Overview
Redwood Empire Electrical Workers Health & Welfare Trust is located in santa rosa, CA. The organization was established in 1957. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Redwood Empire Electrical Workers Health & Welfare Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwood Empire Electrical Workers Health & Welfare Trust 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, Redwood Empire Electrical Workers Health & Welfare Trust generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcentagart Trustee | Trustee | 5 | $0 |
Nicholas Paglia Trustee | Trustee | 5 | $0 |
James Brown Trustee | Trustee | 5 | $0 |
Anisa Thomsen Trustee | Trustee | 5 | $0 |
Jim Chiappari Trustee | Trustee | 5 | $0 |
Joseph Tremaine Trustee | Trustee | 5 | $0 |
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 | $10,339,120 |
| Investment income | $235,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,595,955 |
| 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 | $10,753,143 |
| 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 | $110,120 |
| Pension plan accruals and contributions | $12,270 |
| Other employee benefits | $29,842 |
| Payroll taxes | $8,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,852 |
| Fees for services: Accounting | $35,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,106 |
| Fees for services: Other | $72,855 |
| Advertising and promotion | $0 |
| Office expenses | $34,894 |
| Information technology | $503 |
| Royalties | $0 |
| Occupancy | $14,565 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $634 |
| Insurance | $26,017 |
| All other expenses | $0 |
| Total functional expenses | $11,190,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,266,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,141,119 |
| 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 | $15,782 |
| Net Land, buildings, and equipment | $1,535 |
| Investments—publicly traded securities | $9,784,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,209,086 |
| Accounts payable and accrued expenses | $345,497 |
| Grants payable | $0 |
| Deferred revenue | $30,762 |
| 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 | $5,164,828 |
| Total liabilities | $5,541,087 |
| Net assets without donor restrictions | $0 |
| 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 | $7,667,999 |
| Total liabilities and net assets/fund balances | $13,209,086 |
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