Redwood Empire Electrical Workers Health & Welfare Trust
- Assets
- $12.2m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 2
- Location
- santa rosa, CA
- Founding
- 02/1957
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Redwood Empire Electrical Workers Health & Welfare Trust generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $10.9m during the year ending 12/2022. While expenses have increased by 2.5% 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
2022
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(former) | Trustee | 5 | $0 |
Joseph Tremaine Trustee | Trustee | 5 | $0 |
Jim Chiappari Trustee | Trustee | 5 | $0 |
Anisa Thomsen 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 | $10,646,333 |
| Investment income | $285,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$178,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,753,163 |
| 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 | $10,452,932 |
| 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 | $120,800 |
| Pension plan accruals and contributions | $12,218 |
| Other employee benefits | $31,139 |
| Payroll taxes | $8,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,677 |
| Fees for services: Accounting | $40,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,433 |
| Fees for services: Other | $73,015 |
| Advertising and promotion | $0 |
| Office expenses | $28,256 |
| Information technology | $13,433 |
| Royalties | $0 |
| Occupancy | $14,580 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,829 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,374 |
| Insurance | $22,074 |
| All other expenses | $0 |
| Total functional expenses | $10,893,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,037,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,273,766 |
| 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 | $24,245 |
| Net Land, buildings, and equipment | $3,861 |
| Investments—publicly traded securities | $8,819,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,158,517 |
| Accounts payable and accrued expenses | $389,715 |
| Grants payable | $0 |
| Deferred revenue | $37,391 |
| 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 | $5,189,707 |
| Total liabilities | $5,616,813 |
| 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 | $6,541,704 |
| Total liabilities and net assets/fund balances | $12,158,517 |