Dairy Union Employees Welfare Fund
- Assets
- $205.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, OH
- Founding
- 05/1956
- Data as of
- 12/2021
- EIN
- 34-6548498
Organization Overview
Dairy Union Employees Welfare Fund is located in Independence, OH. The organization was established in 1956. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Dairy Union Employees 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 12/2021, Dairy Union Employees Welfare Fund generated $25.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $49.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SICK AND DEATH BENEFITS FOR PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Osborne Jr Trustee | 4 | $0 | |
Gail Sullivan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,844 |
| Investment income | $4,935 |
| Gain or Loss | -$81 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,698 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $18,865 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,557 |
| Occupancy, rent, utilities, and maintenance | $4,391 |
| Printing, publications, postage, and shipping | $2,218 |
| Other expenses | $8,875 |
| Total expenses | $49,906 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $205,754 |
| Other assets | $0 |
| Total assets | $205,754 |
| Total liabilities | $0 |
| Net assets or fund balances | $205,754 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cement Masons-592 Welfare Fund Philadelphia, PA | $28,352,479 | $12,285,764 |
V J G Incorporated Employee Benefit Plan Indianapolis, IN | $188,039 | $9,770,843 |
Traylor Bros Inc Employee Benefits Plan Trust Evansville, IN | $0 | $8,264,652 |
Pennsylvania Property And Casualty Insurance Guaranty Association Philadelphia, PA | $159,227,112 | $35,772,841 |
Pittsburgh Building Owners Welfare Fund Pittsburgh, PA | $5,835,714 | $9,211,628 |
American Mutual Share Insurance Corp & Subsidiaries Dublin, OH | $356,642,183 | $10,357,280 |
Builders Exchange Benefit Plan Trust Valley View, OH | $8,146,430 | $9,209,306 |
Canton Electrical Welfare Fund Canfield, OH | $20,317,325 | $9,164,122 |
Electricians Welfare Fund-No 81 Scranton, PA | $15,969,478 | $8,238,937 |
Cantex Employee Benefit Trust Dublin, OH | $5,000 | $8,010,752 |
Asphalt Institute Inc Lexington, KY | $13,937,095 | $7,949,306 |
Baptist Healthcare System Inc Louisville, KY | $962,738 | $6,805,562 |