Chicago & Vicinity Laborers District Council Health & Welfare
- Assets
- $608.3m
- Revenue
- $245.4m
- Investments
- $460.6m
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 01/1952
- Data as of
- 05/2022
- EIN
- 36-2151212
Organization Overview
Chicago & Vicinity Laborers District Council Health & Welfare is located in Westchester, IL. The organization was established in 1952. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago & Vicinity Laborers District Council Health & Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Chicago & Vicinity Laborers District Council Health & Welfare generated $245.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $215.0m during the year ending 05/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN PROVIDES HEALTH, PRESCRIPTION, DENTAL, VISION AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, PRESCRIPTION, DENTAL, VISION, AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Wenskus Administrator | Officer | 8 | $0 |
James Connolly Trustee | Trustee | 1 | $0 |
Charles Loverde III Trustee | Trustee | 1 | $0 |
Martin Flanagan Trustee | Trustee | 1 | $0 |
Richard Kuczkowski Trustee | Trustee | 1 | $0 |
William Martin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ogletree Deakins Nash Smoak & Stewart Legal Services | 5/30/22 | $346,363 |
Legacy Professionals Llp Payroll Compliance Audits | 5/30/22 | $370,589 |
Bansley & Kiener Llp Financial Audit And Payroll Compliance A | 5/30/22 | $248,974 |
Allison Slutsky & Kennedy Pc Legal Services | 5/30/22 | $239,471 |
The Segal Company Consulting Services | 5/30/22 | $372,405 |
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 | $227,202,949 |
| Investment income | $14,877,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,274,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,355,059 |
| 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 | $205,129,408 |
| 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 | $3,394,096 |
| Pension plan accruals and contributions | $1,342,877 |
| Other employee benefits | $1,198,481 |
| Payroll taxes | $265,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $277,977 |
| Fees for services: Accounting | $276,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $884,783 |
| Fees for services: Other | $525,228 |
| Advertising and promotion | $0 |
| Office expenses | $658,581 |
| Information technology | $418,630 |
| Royalties | $0 |
| Occupancy | $337,391 |
| 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 | $56,285 |
| Insurance | $143,148 |
| All other expenses | $2,390 |
| Total functional expenses | $215,027,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$67,048 |
| Savings and temporary cash investments | $30,190,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,649,050 |
| 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 | $241,727 |
| Net Land, buildings, and equipment | $1,458,207 |
| Investments—publicly traded securities | $83,776,962 |
| Investments—other securities | $460,568,442 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,452,209 |
| Total assets | $608,269,724 |
| Accounts payable and accrued expenses | $2,138,365 |
| 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 | $8,974,726 |
| Total liabilities | $11,113,091 |
| 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 | $597,156,633 |
| Total liabilities and net assets/fund balances | $608,269,724 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $1,499,726,971 | $1,007,885,123 |
Wea Insurance Corporation Madison, WI | $792,635,009 | $692,190,590 |
Accenture United States Benefit Chicago, IL | $73,988,977 | $691,324,713 |
Us Bancorp Comp Welfare Benefit Plan Milwaukee, WI | $0 | $532,086,986 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $65,808,636 | $520,300,939 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $1,803,952,687 | $632,490,889 |
United Airlines Employee Sick Leave Tr Chicago, IL | $37,583,032 | $320,362,024 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $200,286,111 | $339,796,574 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $1,016,590,757 | $296,188,790 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $168,277,664 | $240,301,966 |
Electrical Insurance Trustees Chicago, IL | $773,934,785 | $263,143,563 |