Line Clearance Contractors Health & Welfare Fund
- Assets
- $38.3m
- Revenue
- $13.6m
- Investments
- $6.1m
- Employees
- 64
- Location
- Lansing, MI
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 36-3332983
Organization Overview
Line Clearance Contractors Health & Welfare Fund is located in Lansing, MI. The organization was established in 1997. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Line Clearance Contractors Health & Welfare Fund employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Line Clearance Contractors Health & 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 06/2022, Line Clearance Contractors Health & Welfare Fund generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $13.4m during the year ending 06/2022. While expenses have increased by 6.5% 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
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Spychalski Trustee | Trustee | 2 | $746 |
Robert Cook Trustee | Trustee | 2 | $738 |
Craig Nolan Trustee | Trustee | 2 | $691 |
Bill Niesman Chairman | Trustee | 2 | $0 |
John Burkard Trustee | Trustee | 2 | $0 |
Richard Heller Secretary | Trustee | 2 | $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 | $12,293,563 |
| Investment income | $1,144,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $164,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,603,170 |
| 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 | $12,950,104 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $61,706 |
| Fees for services: Legal | $10,723 |
| Fees for services: Accounting | $19,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,706 |
| Fees for services: Other | $96,604 |
| Advertising and promotion | $0 |
| Office expenses | $25,666 |
| Information technology | $1,800 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,746 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,304 |
| All other expenses | $0 |
| Total functional expenses | $13,354,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $991,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,378,067 |
| 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 | $8,747 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,821,014 |
| Investments—other securities | $6,091,365 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,290,226 |
| Accounts payable and accrued expenses | $19,541 |
| 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 | $0 |
| Total liabilities | $19,541 |
| 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 | $38,270,685 |
| Total liabilities and net assets/fund balances | $38,290,226 |
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|---|---|---|
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Cooper Hatchery Inc Employee Benefit Plan Trust Fort Recovery, OH | $1,179,245 | $22,649,628 |
Pohlad Group Veba Trust Milwaukee, WI | $1,880,360 | $21,238,879 |
Cleveland Automobile Dealers Association Group Insurance Plan Brecksville, OH | $4,881,741 | $19,552,991 |
Ua Local 190 Health And Welfare Plan And Tr Bingham Farms, MI | $31,731,480 | $19,592,093 |
Ohio League Trust For Employee Benefits Columbus, OH | $19,645,020 | $20,892,498 |
Iue-Cwa Gm Bankruptcy Claim Tr Beavercreek, OH | $165,232,708 | $19,898,043 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
Roofers Local 149 Security Benefit Trust Fund Troy, MI | $18,107,523 | $12,731,786 |