Southern Illinois Laborers & Empl Health & Welfare Fund
- Assets
- $23.5m
- Revenue
- $17.2m
- Investments
- $5.8m
- Employees
- 12
- Location
- Marion, IL
- Founding
- 11/1978
- Data as of
- 07/2021
- EIN
- 37-1037101
Organization Overview
Southern Illinois Laborers & Empl Health & Welfare Fund is located in Marion, IL. The organization was established in 1978. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 07/2021, Southern Illinois Laborers & Empl Health & Welfare Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Illinois Laborers & Empl 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 07/2021, Southern Illinois Laborers & Empl Health & Welfare Fund generated $17.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $14.9m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VACATION, HEALTH, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE VACATION, HEALTH AND DEATH BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Etherton Plan Administrator | Officer | 40 | $102,266 |
Clint Taylor Chairman | OfficerTrustee | 1 | $0 |
James Mcphail Trustee | OfficerTrustee | 1 | $0 |
Flint Taylor Trustee | Trustee | 1 | $0 |
Jerry Ross Trustee | Trustee | 1 | $0 |
Jerry Womick Trustee | Trustee | 1 | $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 | $16,228,054 |
| Investment income | $356,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $354,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,167,946 |
| 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 | $13,320,016 |
| Compensation of current officers, directors, key employees. | $157,868 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,062 |
| Pension plan accruals and contributions | $169,996 |
| Other employee benefits | $128,418 |
| Payroll taxes | $41,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,474 |
| Fees for services: Accounting | $37,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,893 |
| Fees for services: Other | $82,700 |
| Advertising and promotion | $0 |
| Office expenses | $59,037 |
| Information technology | $76,019 |
| Royalties | $0 |
| Occupancy | $89,441 |
| Travel | $2,321 |
| 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 | $39,377 |
| Insurance | $17,494 |
| All other expenses | $2,884 |
| Total functional expenses | $14,865,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,177,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,959,038 |
| 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 | $19,707 |
| Net Land, buildings, and equipment | $51,992 |
| Investments—publicly traded securities | $12,538,438 |
| Investments—other securities | $5,789,961 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,536,245 |
| Accounts payable and accrued expenses | $1,074,458 |
| Grants payable | $0 |
| Deferred revenue | $43,817 |
| 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 | $6,329,000 |
| Total liabilities | $7,447,275 |
| Net assets without donor restrictions | $16,088,970 |
| 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 | $23,536,245 |
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