United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund
- Assets
- $67.3m
- Revenue
- $65.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Murray, UT
- Founding
- 01/1971
- Data as of
- 12/2023
- EIN
- 23-7100610
Organization Overview
United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund is located in Murray, UT. The organization was established in 1971. 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. United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund generated $65.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $51.4m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Adams Trustee | Trustee | 10 | $0 |
Andy Lukes Trustee | Trustee | 10 | $0 |
Deanna Leivas Trustee | Trustee | 10 | $0 |
Michael Gittings Trustee | Trustee | 10 | $0 |
Ruben Perez Trustee | Trustee | 10 | $0 |
Dionne Klug Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Data Isight Cost Containment | 12/30/23 | $470,337 |
Southwest Service Administrators Inc Contract Administration | 12/30/23 | $1,478,163 |
Anthem Blue Cross Case Management And Utilization Review | 12/30/23 | $1,697,534 |
Horizon Actuarial Services Consultant | 12/30/23 | $223,180 |
Seyfarth Shaw Legal | 12/30/23 | $163,813 |
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 | $60,664,790 |
| Investment income | $1,672,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$172,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,817,066 |
| 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 | $46,182,384 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,478,163 |
| Fees for services: Legal | $243,633 |
| Fees for services: Accounting | $54,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $159,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $119,413 |
| All other expenses | $163,551 |
| Total functional expenses | $51,438,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,522,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,488,317 |
| 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 | $94,411 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $45,230,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,335,865 |
| Accounts payable and accrued expenses | $148,426 |
| 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 | $16,068,000 |
| Total liabilities | $16,216,426 |
| 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 | $51,119,439 |
| Total liabilities and net assets/fund balances | $67,335,865 |