Line Construction Benefit Fund
- Assets
- $1.7b
- Revenue
- $1.1b
- Investments
- $1.1b
- Employees
- 94
- Location
- Lombard, IL
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 36-6066988
Organization Overview
Line Construction Benefit Fund is located in Lombard, 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, Line Construction Benefit Fund employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Line Construction Benefit 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, Line Construction Benefit Fund generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.0b during the year ending 12/2023. While expenses have increased by 9.1% 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
HEALTH AND WELFARE FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darran Ayres Trustee - Chairman | Trustee | 3 | $0 |
Jody Shea Trustee | Trustee | 3 | $0 |
William Green Trustee - Past | Trustee | 3 | $0 |
Rhett Jackson Trustee | Trustee | 3 | $0 |
Mark Pellerito Trustee | Trustee | 3 | $0 |
Michael Troutman Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluecross Blueshield Of Illinois Ppo Network Provider | 12/30/23 | $20,781,105 |
Express Scripts Prescription Benefit Provider | 12/30/23 | $10,545,287 |
Carelon Behavioral Health Mental Health Benefit Provider | 12/30/23 | $3,245,135 |
Valenz Health Hospital Utilization Review | 12/30/23 | $1,962,198 |
Included Health Inc Member Care Assistance | 12/30/23 | $1,310,484 |
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 | $1,072,437,705 |
| Investment income | $23,156,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,632,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,097,489,316 |
| 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 | $982,546,751 |
| Compensation of current officers, directors, key employees. | $553,610 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,351,777 |
| Pension plan accruals and contributions | $1,427,638 |
| Other employee benefits | $1,239,848 |
| Payroll taxes | $627,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $326,992 |
| Fees for services: Accounting | $652,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,593,427 |
| Fees for services: Other | $690,899 |
| Advertising and promotion | $0 |
| Office expenses | $1,998,026 |
| Information technology | $1,123,890 |
| Royalties | $0 |
| Occupancy | $371,862 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,917 |
| Insurance | $291,775 |
| All other expenses | $386,818 |
| Total functional expenses | $1,000,533,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,362,572 |
| Savings and temporary cash investments | $211,672,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,579,801 |
| 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 | $423,635 |
| Net Land, buildings, and equipment | $427,284 |
| Investments—publicly traded securities | $284,290,377 |
| Investments—other securities | $1,077,736,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,788,681 |
| Total assets | $1,705,281,115 |
| Accounts payable and accrued expenses | $2,506,487 |
| Grants payable | $0 |
| Deferred revenue | $4,542,363 |
| 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 | $3,040,471 |
| Total liabilities | $10,089,321 |
| 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 | $1,695,191,794 |
| Total liabilities and net assets/fund balances | $1,705,281,115 |