North Central Illinois Laborers Health & Welfare Fund
- Assets
- $55.1m
- Revenue
- $27.7m
- Investments
- $7.6m
- Employees
- 7
- Location
- Peoria, IL
- Founding
- 08/2004
- Data as of
- 06/2022
- EIN
- 30-0088171
Organization Overview
North Central Illinois Laborers Health & Welfare Fund is located in Peoria, IL. The organization was established in 2004. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, North Central Illinois Laborers Health & Welfare Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Illinois Laborers Health & 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 06/2022, North Central Illinois Laborers Health & Welfare Fund generated $27.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $13.7m during the year ending 06/2022. 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, DISABILITY & DEATH BENEFITS TO ELIGIBLE PARTICIPANTS, DEPENDENTS, & BENEFICIARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, DISABILITY AND DEATH BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Bryant Plan Administrator | Officer | 40 | $69,555 |
Michael W Smith Chairman | OfficerTrustee | 2 | $0 |
Dan Aussem Trustee | OfficerTrustee | 2 | $0 |
Gary Stewart Trustee | Trustee | 2 | $0 |
Joe Cowan Trustee | Trustee | 2 | $0 |
Mike Cullinan Trustee | Trustee | 2 | $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 | $27,028,588 |
| Investment income | $834,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$374,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,717,326 |
| 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 | $11,844,904 |
| Compensation of current officers, directors, key employees. | $144,214 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,916 |
| Pension plan accruals and contributions | $96,634 |
| Other employee benefits | $51,552 |
| Payroll taxes | $20,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,009 |
| Fees for services: Accounting | $26,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,607 |
| Fees for services: Other | $915,362 |
| Advertising and promotion | $0 |
| Office expenses | $68,535 |
| Information technology | $40,482 |
| Royalties | $0 |
| Occupancy | $32,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,733 |
| Insurance | $19,841 |
| All other expenses | $0 |
| Total functional expenses | $13,714,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80 |
| Savings and temporary cash investments | $5,163,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,468,010 |
| 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 | $124,497 |
| Net Land, buildings, and equipment | $20,623 |
| Investments—publicly traded securities | $38,734,783 |
| Investments—other securities | $7,570,039 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,081,500 |
| Accounts payable and accrued expenses | $531,422 |
| Grants payable | $0 |
| Deferred revenue | $197,252 |
| 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 | $6,858,520 |
| Total liabilities | $7,587,194 |
| Net assets without donor restrictions | $47,494,306 |
| 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 | $55,081,500 |
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|---|---|---|
Porter County Schools Employees Ins Veba Tr Valparaiso, IN | $8,070,096 | $43,132,984 |
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Central Indiana School Employees Insurence Tr Brownsburg, IN | $8,241,560 | $24,873,159 |
North Central Illinois Laborers Health & Welfare Fund Peoria, IL | $55,081,500 | $27,717,326 |
City Of Minneapolis Health Reimbursement Arrangement Plan Tr Milwaukee, WI | $29,287,574 | $7,185,024 |
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Unite Here Local 74 Welfare And Dental Trust St Louis, MO | $1,189,509 | $1,470,294 |
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Ball State University Health Care Plan Milwaukee, WI | $288,113,640 | $20,436,191 |