Opcmia Local 526 Welfare Fund
- Assets
- $13.9m
- Revenue
- $6.1m
- Investments
- $4.4m
- Employees
- 11
- Location
- Munhall, PA
- Founding
- 07/1940
- Data as of
- 05/2022
- EIN
- 25-6103482
Organization Overview
Opcmia Local 526 Welfare Fund is located in Munhall, PA. The organization was established in 1940. 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. As of 05/2022, Opcmia Local 526 Welfare Fund employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Opcmia Local 526 Welfare Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2022, Opcmia Local 526 Welfare Fund generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $6.1m during the year ending 05/2022. While expenses have increased by 4.3% 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
HEALTH PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH INSURANCE AND DISABILITY BENEFITS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Rupert Trustee | Trustee | 2 | $0 |
Ralph Belice Trustee | Trustee | 1 | $0 |
Ken Harmon Trustee | Trustee | 1 | $0 |
Robert Czerniewski Trustee | Trustee | 1 | $0 |
Anthony Folino Trustee | Trustee | 1 | $0 |
Jon O'brien 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 | $5,761,598 |
| Investment income | $232,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,062,010 |
| 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 | $5,597,642 |
| 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 | $18,932 |
| Fees for services: Accounting | $33,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,494 |
| Fees for services: Other | $49,184 |
| Advertising and promotion | $0 |
| Office expenses | $6,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,400 |
| 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 | $15,126 |
| Insurance | $14,889 |
| All other expenses | $282,831 |
| Total functional expenses | $6,062,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,247 |
| Savings and temporary cash investments | $949,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,662 |
| 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 | $44,527 |
| Net Land, buildings, and equipment | $322,327 |
| Investments—publicly traded securities | $7,279,035 |
| Investments—other securities | $4,420,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,699 |
| Total assets | $13,929,557 |
| Accounts payable and accrued expenses | $11,500 |
| 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 | $3,745 |
| Total liabilities | $15,245 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,914,312 |
| 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 | $13,929,557 |