Employers And Operating Engineers-520 Health And Welfare F
- Assets
- $50.7m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Swansea, IL
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 37-6046408
Organization Overview
Employers And Operating Engineers-520 Health And Welfare F is located in Swansea, 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 12/2022, Employers And Operating Engineers-520 Health And Welfare F employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers And Operating Engineers-520 Health And Welfare F is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Employers And Operating Engineers-520 Health And Welfare F generated $23.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $22.1m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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 TO MEMBERS PER COLLECTIVE BARGAINING AGREEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS MEDICAL CLAIMS INCLUDING INSURANCE PREMIUMS AND DEATH BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Johnson Chairman | Trustee | 0 | $0 |
David Kelly Brown Trustee | Trustee | 0 | $0 |
Chad Goldschmidt Trustee | Trustee | 0 | $0 |
Eugene Keeley Secretary | Trustee | 0 | $0 |
Dale Keller Trustee | Trustee | 0 | $0 |
Kenneth Kilian Trustee | Trustee | 0 | $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 | $22,513,467 |
| Investment income | $1,166,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$446,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,298,805 |
| 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 | $20,827,286 |
| 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 | $305,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $406,745 |
| Payroll taxes | $24,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,639 |
| Fees for services: Accounting | $29,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,586 |
| Fees for services: Other | $174,035 |
| Advertising and promotion | $0 |
| Office expenses | $75,277 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,196 |
| All other expenses | $0 |
| Total functional expenses | $22,056,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,220,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,641,379 |
| 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 | $20,473 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,857,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,739,603 |
| Accounts payable and accrued expenses | $3,753,232 |
| Grants payable | $0 |
| Deferred revenue | $11,814,594 |
| 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 | $15,567,826 |
| 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 | $35,171,777 |
| Total liabilities and net assets/fund balances | $50,739,603 |