The Bac Local Union 15 Welfare Fund is located in Kansas City, MO. The organization was established in 1974. 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. Bac Local Union 15 Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2022, Bac Local Union 15 Welfare Fund generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $9.8m during the year ending 03/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS TO QUALIFIED PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH BENEFITS TO QUALIFIED PARTICIPANTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregory Davey Secretary | OfficerTrustee | 1 | $0 |
Don Hunt Chairman | OfficerTrustee | 1 | $0 |
Steve Morrow Trustee | Trustee | 1 | $0 |
Bill Lipp Trustee | Trustee | 1 | $0 |
Dustin Himes Trustee | Trustee | 1 | $0 |
Andrew Treuner Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wilson Mcshane Corporation Administrative Services | 3/30/22 | $206,125 |
Blue Cross Blue Shield Administrative Services | 3/30/22 | $408,580 |
Arnold Newbold Winter & Jackson Pc Legal Services | 3/30/22 | $112,594 |
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 | $9,933,606 |
Investment income | $366,201 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $212,426 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,907,825 |
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 | $8,435,091 |
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 | $217,598 |
Fees for services: Legal | $121,240 |
Fees for services: Accounting | $62,035 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $29,080 |
Fees for services: Other | $587,764 |
Advertising and promotion | $0 |
Office expenses | $7,925 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $3,981 |
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 | $0 |
Insurance | $365,914 |
All other expenses | $0 |
Total functional expenses | $9,834,871 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $751,890 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $961,345 |
Loans from Officers, Directors, or Controlling Persons | $5,075 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $53,972 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $22,257,701 |
Investments—other securities | $232,132 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $24,262,115 |
Accounts payable and accrued expenses | $106,187 |
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 | $51,188 |
Total liabilities | $157,375 |
Net assets without donor restrictions | $24,104,740 |
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 | $0 |
Total liabilities and net assets/fund balances | $24,262,115 |