Cement Masons Health And Welfare Fund 90 is located in Troy, IL. The organization was established in 1965. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement Masons Health And Welfare Fund 90 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 07/2020, Cement Masons Health And Welfare Fund 90 generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.7m during the year ending 07/2020. While expenses have increased by 1.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH & WELFARE BENEFITS TO ELGIBLE MEMBERS OF OPCM LOCAL 90.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER HEALTH AND WELFARE FUND FOR ELIGIBLE MEMBERS AND DEPENDENTSOF OP&CM LOCAL 90.
ADMINISTER HEALTH AND WELFARE FUND FOR ELIGIBLE MEMBERS AND DEPENDENTSOF OP&CM LOCAL 90.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Donna Richter Trustee | OfficerTrustee | 0 | $0 |
Darren Netemeyer Trustee | OfficerTrustee | 0 | $0 |
Shannon Foley Chairman | OfficerTrustee | 0 | $0 |
Henry Rohwedder Trustee | OfficerTrustee | 0 | $0 |
Joe Hemmer Trustee | OfficerTrustee | 0 | $0 |
Brad Bickhaus Trustee | OfficerTrustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $159,829 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$15,831 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,996,682 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $2,473,804 |
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 | $0 |
Fees for services: Legal | $26,412 |
Fees for services: Accounting | $8,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $23,927 |
Fees for services: Other | $101,150 |
Advertising and promotion | $0 |
Office expenses | $11,108 |
Information technology | $0 |
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 | $16,015 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,642 |
All other expenses | $0 |
Total functional expenses | $2,667,590 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $379,763 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $248,062 |
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 | $29,301 |
Investments—publicly traded securities | $6,429,893 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,117,311 |
Total assets | $8,204,330 |
Accounts payable and accrued expenses | $16,267 |
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 | $16,267 |
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 |
Total liabilities and net assets/fund balances | $8,188,063 |
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