International Brotherhood Of Elect Workers 300 Health & Welfare Tr
- Assets
- $3.4m
- Revenue
- $3.8m
- Investments
- $2.0m
- Employees
- 11
- Location
- South Burlington, VT
- Founding
- 05/1973
- Data as of
- 06/2022
- EIN
- 23-7293087
Organization Overview
International Brotherhood Of Elect Workers 300 Health & Welfare Tr is located in South Burlington, VT. The organization was established in 1973. 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 06/2022, International Brotherhood Of Elect Workers 300 Health & Welfare Tr employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Elect Workers 300 Health & Welfare Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, International Brotherhood Of Elect Workers 300 Health & Welfare Tr generated $3.8m 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 (7.1%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH, DENTAL, VISION, SHORT-TERM DISABILITY AND LIFE INSURANCE BENEFITS TO ALL LOCAL-300 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH DENTAL VISION SHORT TERM DISABILITY AND LIFE INSURANCE BENEFITS TO ALL LOCAL 300 ELIGIBLE MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Labombard Trustee | Trustee | 1 | $0 |
Brian Ritz Trustee | Trustee | 1 | $0 |
Jeffrey Peck Trustee | Trustee | 1 | $0 |
Jeffrey Wimette Trustee | Trustee | 1 | $0 |
Kerry Davis Trustee | Trustee | 1 | $0 |
Shannon Lapierre Trustee | Trustee | 1 | $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 | $3,783,644 |
| Investment income | $40,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,830,044 |
| 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 | $3,371,496 |
| 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 | $88,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,209 |
| Payroll taxes | $7,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,750 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,000 |
| Fees for services: Other | $412,738 |
| Advertising and promotion | $0 |
| Office expenses | $1,653 |
| Information technology | $5,075 |
| Royalties | $0 |
| Occupancy | $5,194 |
| Travel | $1,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $616 |
| Insurance | $3,736 |
| All other expenses | $1,488 |
| Total functional expenses | $3,976,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,317 |
| Savings and temporary cash investments | $602,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,583 |
| 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 | $7,387 |
| Net Land, buildings, and equipment | $2,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,956,502 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,800 |
| Total assets | $3,376,422 |
| Accounts payable and accrued expenses | $94,516 |
| 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 | $232,751 |
| Total liabilities | $327,267 |
| 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 | $3,049,155 |
| Total liabilities and net assets/fund balances | $3,376,422 |
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|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |
Kaleida Health Foundation Buffalo, NY | $51,635,674 | $6,911,970 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
St Francis Research And Educational Corporation Roslyn, NY | $9,987,779 | $6,062,261 |