Laborers District Council Of is located in Pittsburgh, PA. The organization was established in 1955. 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. Laborers District Council Of 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, Laborers District Council Of generated $123.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $91.3m during the year ending 12/2021. While expenses have increased by 1.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GROUP BENEFITS SUCH AS MEDICAL, PRESCRIPTION DRUG, VISION, AND LIFE INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GROUP HEALTHCARE BENEFITS FOR APPROXIMATELY 12,719 PARTICIPANTS AND PLAN TO CONTINUE PROVIDING HEALTHCARE BENEFITS FOR OUR ELIGIBLE EMPLOYEES AND THEIR ELIGIBLE FAMILY MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James E Boyd Employee Trustee | Trustee | 2 | $0 |
Joseph J Laquatra Jr Employee Trustee | Trustee | 3 | $0 |
Jeffery R Horner Employee Trustee | Trustee | 2 | $0 |
Philip Ameris Employee Trustee | Trustee | 4 | $0 |
Robert Furka Employee Trustee | Trustee | 2 | $0 |
William J Brooks Employee Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Highmark Medical Claims Processor | 12/30/21 | $2,108,672 |
Hm Insurance Group Stop Loss Insurance | 12/30/21 | $814,594 |
Laborers' Combined Funds Fund Administration | 12/30/21 | $1,560,307 |
Boston Partners Mgmt Inc Investment Management Services | 12/30/21 | $533,824 |
Mondrian Investment Group Inc Investment Management Services | 12/30/21 | $188,354 |
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 | $112,703,869 |
Investment income | $9,320,576 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,724,339 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $123,748,784 |
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 | $88,506,215 |
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 | $0 |
Fees for services: Legal | $102,506 |
Fees for services: Accounting | $29,385 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $984,058 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $33,538 |
All other expenses | $0 |
Total functional expenses | $91,313,322 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $36,101,642 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,017,766 |
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 | $8,465 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $279,500,551 |
Investments—other securities | $90,946,281 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,374,465 |
Total assets | $418,949,170 |
Accounts payable and accrued expenses | $543,031 |
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 | $821,482 |
Total liabilities | $1,364,513 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $363,841,469 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $53,743,188 |
Total liabilities and net assets/fund balances | $418,949,170 |