Laborers Local 231 Health & Welfare Fund
- Assets
- $18.7m
- Revenue
- $6.1m
- Investments
- $1.5m
- Employees
- 2
- Location
- Pekin, IL
- Founding
- 08/1963
- Data as of
- 12/2021
- EIN
- 37-6031467
Organization Overview
Laborers Local 231 Health & Welfare Fund is located in Pekin, IL. The organization was established in 1963. 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 12/2021, Laborers Local 231 Health & Welfare Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Local 231 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 12/2021, Laborers Local 231 Health & Welfare Fund generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH, DENTAL & LIFE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, DENTAL & LIFE BENEFITS
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 |
|---|---|---|---|
Gary Sciortino Plan Administrator | Officer | 40 | $109,793 |
Steve Aupperle Secretary | OfficerTrustee | 1 | $0 |
Robert K Schroeder- Past Trustee | OfficerTrustee | 1 | $0 |
Terry Baum Trustee | Trustee | 1 | $0 |
Frank Sciortino Trustee | Trustee | 1 | $0 |
Kirk Belless 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 | $5,206,636 |
| Investment income | $312,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $357,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,086,857 |
| 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 | -$768,468 |
| Compensation of current officers, directors, key employees. | $197,903 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,260 |
| Pension plan accruals and contributions | $57,115 |
| Other employee benefits | $21,020 |
| Payroll taxes | $12,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,655 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,819 |
| Fees for services: Other | $74,459 |
| Advertising and promotion | $0 |
| Office expenses | $47,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $348 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,607 |
| Insurance | $20,874 |
| All other expenses | $1,942 |
| Total functional expenses | -$141,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $1,129,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $568,029 |
| 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 | $20,957 |
| Net Land, buildings, and equipment | $56,169 |
| Investments—publicly traded securities | $15,359,367 |
| Investments—other securities | $1,541,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,676,299 |
| Accounts payable and accrued expenses | $161,491 |
| 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 | $797,799 |
| Total liabilities | $959,290 |
| Net assets without donor restrictions | $17,717,009 |
| 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 | $18,676,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bac Local Union 15 Welfare Fund Kansas City, MO | $24,262,115 | $10,907,825 |
Association Health And Welfare Veba Master Tr Louisville, KY | $203,835 | $9,882,944 |
United Association Of Plumbers Local No 8 Health & Wefare Plan Fu Kansas City, MO | $17,308,413 | $11,003,032 |
Hunter Engineering Company Welfare Plan Trust I Bridgeton, MO | $0 | $7,061,469 |
National Allied Workers Union Insurance Trust Chicago, IL | $5,511,844 | $7,814,382 |
Miscellaneous Warehousemens Local 781 Health And Welfare Fund Elmhurst, IL | $23,381,984 | $11,981,549 |
Allied Services Division Welfare Fund Arlington Heights, IL | $36,977,141 | $8,755,444 |
Mo-Kan Teamsters Health & Welfare Fund Kansas City, MO | $14,649,748 | $10,157,233 |
Principal Trust For Life Insurance Benefits For Employees Des Moines, IA | $31,982,554 | $9,538,284 |
Health & Welfare Trust Chicago, IL | $6,007,805 | $8,563,914 |
Couleecap Inc Westby, WI | $14,488,580 | $8,423,609 |
Central Laborers Welfare Fund Jacksonville, IL | $44,377,613 | $22,307,133 |