Central Laborers Welfare Fund is located in Jacksonville, IL. The organization was established in 1968. 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, Central Laborers Welfare Fund employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Laborers 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, Central Laborers Welfare Fund generated $22.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. 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 HEALTHCARE, DEATH, DISABILITY, DENTAL, AND VISION BENEFITS TO ELIGIBLE MEMBERS AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, DEATH, DISABILITY, DENTAL, AND VISION BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bob Mcdonald Chairman | OfficerTrustee | 5 | $0 |
Kenton Day Executive Director | Officer | 20 | $0 |
Dan Koeppel- Past Executive Director | Officer | 20 | $0 |
Joseph Riley- Past Trustee | Trustee | 5 | $0 |
Russell Davenport Trustee | Trustee | 5 | $0 |
Travis Craig- Past Trustee | Trustee | 5 | $0 |
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 | $19,574,998 |
Investment income | $892,513 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,623,662 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $22,307,133 |
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 | $5,884,638 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $26,907 |
Fees for services: Accounting | $28,983 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $18,644 |
Fees for services: Other | $130,235 |
Advertising and promotion | $0 |
Office expenses | $51,698 |
Information technology | $110,317 |
Royalties | $0 |
Occupancy | $0 |
Travel | $140 |
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 | $34,679 |
All other expenses | $0 |
Total functional expenses | $8,043,282 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,880,129 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,351,110 |
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 | $83,887 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $35,406,584 |
Investments—other securities | $2,533,979 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $121,924 |
Total assets | $44,377,613 |
Accounts payable and accrued expenses | $568,822 |
Grants payable | $0 |
Deferred revenue | $74,279 |
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 | $1,808,600 |
Total liabilities | $2,451,701 |
Net assets without donor restrictions | $41,925,912 |
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 | $44,377,613 |