Teamsters Union No 142 Health & Welfare Trust Fund
- Assets
- $23.5m
- Revenue
- $1.1m
- Investments
- $857.6k
- Employees
- 0
- Location
- Gary, IN
- Founding
- 11/1954
- Data as of
- 06/2022
- EIN
- 35-0918199
Organization Overview
Teamsters Union No 142 Health & Welfare Trust Fund is located in Gary, IN. The organization was established in 1954. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Union No 142 Health & Welfare Trust 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, Teamsters Union No 142 Health & Welfare Trust Fund generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.2m 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 BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE, PRESCRIPTION DRUGS, DEATH AND DISABILITY BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Smith Fund Manager | Officer | 4 | $0 |
Richard Knipp Trustee (past) | Trustee | 1 | $0 |
Jeff Pawlak Trustee | Trustee | 1 | $0 |
Ted Bilski Trustee (past) | Trustee | 1 | $0 |
Steve Michaels Trustee | Trustee | 1 | $0 |
Jeff Gideon 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 | $667,473 |
| Investment income | $451,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,451 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,124,795 |
| 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 | $916,769 |
| Compensation of current officers, directors, key employees. | $27,815 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,994 |
| Pension plan accruals and contributions | $14,212 |
| Other employee benefits | $8,755 |
| Payroll taxes | $3,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,641 |
| Fees for services: Accounting | $48,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,856 |
| Fees for services: Other | $37,864 |
| Advertising and promotion | $0 |
| Office expenses | $17,052 |
| Information technology | $8,541 |
| Royalties | $0 |
| Occupancy | $6,444 |
| Travel | $403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,473 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,031 |
| Insurance | $8,299 |
| All other expenses | $147 |
| Total functional expenses | $1,176,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$64,689 |
| Savings and temporary cash investments | $118,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,676 |
| 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 | $1,885 |
| Investments—publicly traded securities | $22,496,834 |
| Investments—other securities | $857,607 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,333 |
| Total assets | $23,457,771 |
| Accounts payable and accrued expenses | $9,465 |
| 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 | $2,168 |
| Total liabilities | $11,633 |
| 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 | $23,446,138 |
| Total liabilities and net assets/fund balances | $23,457,771 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Stagehands Union Local No 2 Health And Welfare Fund Oak Brook, IL | $8,693,853 | $9,920,428 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |