United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund
- Assets
- $47.8m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Murray, UT
- Founding
- 01/1971
- Data as of
- 12/2021
- 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 12/2021, United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund generated $24.4m 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 (8.9%) each year. All expenses for the organization totaled $44.4m during the year ending 12/2021. 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
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 |
Deanna Leivas Trustee | Trustee | 10 | $0 |
Ruben Perez Trustee | Trustee | 10 | $0 |
Michael Gittings Trustee | Trustee | 10 | $0 |
Dionne Klug Trustee | Trustee | 10 | $0 |
Andy Lukes Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Service Administrators Inc Contract Administration | 12/30/21 | $1,289,351 |
Beech Street Multiplan Network Access Fees | 12/30/21 | $422,317 |
Telligen Case Management And Utilization Review | 12/30/21 | $328,094 |
Data Isight Cost Containment | 12/30/21 | $267,215 |
Seyfarth Shaw Legal | 12/30/21 | $193,288 |
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 | $22,467,366 |
| Investment income | $374,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,428,053 |
| 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 | $40,634,405 |
| 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 | $1,289,351 |
| Fees for services: Legal | $245,668 |
| Fees for services: Accounting | $45,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $148,451 |
| 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 | $9,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $63,427 |
| All other expenses | $109,266 |
| Total functional expenses | $44,364,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,282,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,002,841 |
| 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 | $39,888 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $40,484,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,809,606 |
| Accounts payable and accrued expenses | $265,816 |
| 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 | $14,057,000 |
| Total liabilities | $14,322,816 |
| 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 | $33,486,790 |
| Total liabilities and net assets/fund balances | $47,809,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plumbers & Pipefitters Local 525 Health & Welfare Fund Las Vegas, NV | $50,222,690 | $24,246,834 |
Eighth District Electrical Benefit Las Vegas, NV | $118,392,460 | $100,887,270 |
Teamsters Local 631 Security Fund Las Vegas, NV | $229,160,459 | $79,828,969 |
Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust Las Vegas, NV | $109,711,057 | $65,945,255 |
A-Plus Benefits Inc Employee Benefit Trust American Fork, UT | $7,262,806 | $56,490,823 |
Utah-Idaho Teamsters Security Fund Phoenix, AZ | $66,405,330 | $62,476,382 |
Teamsters Security Fund For Southern Nevada Local 14 Las Vegas, NV | $34,705,927 | $47,693,145 |
United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund Murray, UT | $47,809,606 | $24,428,053 |
Electrical Workers Health & Welfare Trust Fund Las Vegas, NV | $30,594,533 | $39,541,632 |
Sinclair Employees Benefit Plan Trust Salt Lake City, UT | $8,229,604 | $40,907,480 |
Schwans Shared Services Llc Veba Las Vegas, NV | $0 | $33,012,400 |
Arizona Pipe Trades Health And Welfare Trust Fund Phoenix, AZ | $78,272,120 | $40,376,425 |