Builders And Contractorssupplemental Unemployment Benefit T
- Assets
- $4.7m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 1,045
- Location
- Byron Center, MI
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-0782338
Organization Overview
Builders And Contractorssupplemental Unemployment Benefit T is located in Byron Center, MI. The organization was established in 2008. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Builders And Contractorssupplemental Unemployment Benefit T employed 1,045 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders And Contractorssupplemental Unemployment Benefit T is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 12/2021, Builders And Contractorssupplemental Unemployment Benefit T generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 1.9% 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
TO PROVIDE UNEMPLOYMENT BENEFITS FOR PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ALL ELIGIBLE EMPLOYEES OF MEMBERS OF THE BUILDERS AND CONTRACTORS SUPPLMENTAL UNEMPLOYMENT INSURANCE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Brenner Trustee | Trustee | $0 | |
Dean Leavitt Trustee | Trustee | $0 | |
Jack Dykstra II Trustee | Trustee | $0 | |
Stacy Richardson Trustee | Trustee | $0 | |
Billy Martin Trustee | Trustee | $0 | |
Sarah Mccormick Trustee | Trustee | $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 | $7,392,981 |
| Investment income | $23,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,439,050 |
| 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 | $7,255,813 |
| 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 | $21,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,440 |
| Fees for services: Accounting | $17,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,230 |
| 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 | $14,733 |
| All other expenses | $0 |
| Total functional expenses | $7,791,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,813 |
| Savings and temporary cash investments | $3,360,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,188 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,251,732 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,670,591 |
| Accounts payable and accrued expenses | $458,525 |
| 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 | $0 |
| Total liabilities | $458,525 |
| 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 | $4,212,066 |
| Total liabilities and net assets/fund balances | $4,670,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthem Supplemental Unemployment Benefit Tr Indianapolis, IN | $374,093 | $14,195,196 |
Tyco International Us Inc Employment Transition Benefits Tr Glendale, WI | $0 | $9,239,493 |
Builders And Contractorssupplemental Unemployment Benefit T Byron Center, MI | $4,670,591 | $7,439,050 |
501 Alliance Taylor, MI | $41,782,776 | $5,172,296 |
Ibew Local 665 Supplemental Unemployment Benefit Fund Lansing, MI | $3,113,733 | $927,603 |
Contitech Usa Inc Supp Benefits Trust Fairlawn, OH | $395,140 | $272,121 |
Sherwin-Williams Co Sub Tr Cleveland, OH | $5,000 | $348,599 |
Plumbers Union Local No 55 Supplemental Unemployment Benefits Brooklyn Heights, OH | $1,719,239 | $32,378 |
Twin Disc Inc Supplemental Unemployment Benefits Plan Racine, WI | $30,250 | $313 |
Empire Detroit Stl Div Sub Oeba 20 -102160335660 Brooklyn, OH | $58,400 | $0 |
Thomas Steel Strip Corp Supplemental Unemployment Benefit Warren, OH | $8,705 | $0 |