Sheet Metal Workers-91 Health And Welfare Fund
- Assets
- $44.7m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Rock Island, IL
- Founding
- 09/1964
- Data as of
- 12/2023
- EIN
- 36-2525679
Organization Overview
Sheet Metal Workers-91 Health And Welfare Fund is located in Rock Island, IL. The organization was established in 1964. 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 12/2023, Sheet Metal Workers-91 Health And Welfare Fund employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers-91 Health And 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 12/2023, Sheet Metal Workers-91 Health And Welfare Fund generated $12.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $15.2m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 9 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
TO PROVIDE HEALTH, DEATH, LIFE, DENTAL, PRESCRIPTION, AND ACCIDENT BENEFITS FOR LOCAL 91 UNION MEMBERS AND THEIR DEPENDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, DEATH, LIFE, DENTAL, PRESCRIPTION, AND ACCIDENT BENEFITS FOR LOCAL 91 UNION MEMBERS AND THEIR DEPENDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Meirhaeghe Chairman | OfficerTrustee | 4 | $0 |
Jerry Egan-Past Trustee | Trustee | 0 | $0 |
Jon Garst Trustee | Trustee | 0 | $0 |
Tom Gabrilson Trustee | Trustee | 0 | $0 |
Al Landwehr Trustee | Trustee | 0 | $0 |
Mark Arnold Trustee | Trustee | 0 | $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 | $11,215,896 |
| Investment income | $1,466,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,756,198 |
| 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 | $14,518,967 |
| 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 | $112,741 |
| Pension plan accruals and contributions | $3,352 |
| Other employee benefits | $0 |
| Payroll taxes | $14,990 |
| Fees for services: Management | $107,715 |
| Fees for services: Legal | $15,833 |
| Fees for services: Accounting | $24,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,334 |
| Fees for services: Other | $91,421 |
| Advertising and promotion | $0 |
| Office expenses | $37,498 |
| Information technology | $56,912 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,024 |
| Insurance | $19,794 |
| All other expenses | $202 |
| Total functional expenses | $15,155,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,402 |
| Savings and temporary cash investments | $1,457,919 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,854,320 |
| 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 | $18,011 |
| Net Land, buildings, and equipment | $1,149 |
| Investments—publicly traded securities | $40,968,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,704,049 |
| Accounts payable and accrued expenses | $428,030 |
| Grants payable | $0 |
| Deferred revenue | $62,009 |
| 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 | $1,196,990 |
| Total liabilities | $1,687,029 |
| Net assets without donor restrictions | $43,017,020 |
| 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 | $44,704,049 |