Administrative District Council 1 Welfare Fund
- Assets
- $139.3m
- Revenue
- $32.4m
- Investments
- $63.4m
- Employees
- 14
- Location
- Elmhurst, IL
- Founding
- 12/1951
- Data as of
- 05/2023
- EIN
- 36-2150067
Organization Overview
Administrative District Council 1 Welfare Fund is located in Elmhurst, IL. The organization was established in 1951. 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 05/2023, Administrative District Council 1 Welfare Fund employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Administrative District Council 1 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 05/2023, Administrative District Council 1 Welfare Fund generated $32.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $34.3m during the year ending 05/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL AND DEATH BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lauber Jr Trustee | Trustee | 1 | $0 |
Bernie Van Etten Trustee | Trustee | 1 | $0 |
Michael Pilolla Trustee | Trustee | 1 | $0 |
James Zuidema Trustee | Trustee | 1 | $0 |
Frank Dziadus Trustee | Trustee | 1 | $0 |
Aaron Janik Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Investment Services Investment Manager | 5/30/23 | $188,286 |
Bluecross Blueshield Of Il Ppo Provider | 5/30/23 | $638,668 |
Legacy Professionals Llp Accounting Firm | 5/30/23 | $103,932 |
Segal Consulting Actuarial And Consulting | 5/30/23 | $133,434 |
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 | $30,352,961 |
| Investment income | $1,303,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $670,337 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,359,789 |
| 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 | $31,130,289 |
| Compensation of current officers, directors, key employees. | $238,179 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $850,655 |
| Pension plan accruals and contributions | $354,363 |
| Other employee benefits | $357,338 |
| Payroll taxes | $78,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,995 |
| Fees for services: Accounting | $95,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $262,497 |
| Fees for services: Other | $224,219 |
| Advertising and promotion | $0 |
| Office expenses | $230,042 |
| Information technology | $166,261 |
| Royalties | $0 |
| Occupancy | $106,542 |
| Travel | $17,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,391 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,359 |
| Insurance | $68,790 |
| All other expenses | $13,562 |
| Total functional expenses | $34,317,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,790,681 |
| Savings and temporary cash investments | $137,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,736,591 |
| 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 | $25,230 |
| Net Land, buildings, and equipment | $83,216 |
| Investments—publicly traded securities | $68,076,873 |
| Investments—other securities | $63,445,826 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,295,537 |
| Accounts payable and accrued expenses | $302,512 |
| Grants payable | $0 |
| Deferred revenue | $23,267 |
| 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 | $325,779 |
| 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 | $138,969,758 |
| Total liabilities and net assets/fund balances | $139,295,537 |