Painters-802 Health & Welfare Fund
- Assets
- $6.8m
- Revenue
- $5.0m
- Investments
- $26.0k
- Employees
- 15
- Location
- Madison, WI
- Founding
- 12/1959
- Data as of
- 12/2021
- EIN
- 39-6078181
Organization Overview
Painters-802 Health & Welfare Fund is located in Madison, WI. The organization was established in 1959. 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 12/2021, Painters-802 Health & Welfare Fund employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Painters-802 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, Painters-802 Health & Welfare Fund generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $5.7m 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 HEALTH, DISABILITY, LIFE, AND DENTAL INSURANCE TO UNION MEMBERS AND NONMEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOPSITAL, SURGICAL, DENTAL, AND MEDICAL BENEFITS FOR ELIGIBLE MEMBERS AND THEIR FAMILIES THROUGH SELF-INSURANCE. THE PLAN ALSO PROVIDES LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE THROUGH THE PURCHASE OF A GROUP INSURANCE POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mehrhoff Chairman | OfficerTrustee | 1 | $0 |
Amy Olson Management Trustee/sec. Tr | OfficerTrustee | 0.5 | $0 |
Brian Baumgartner Labor Trustee | Trustee | 0.5 | $0 |
Steve Armbrecht Labor Trustee | Trustee | 0.5 | $0 |
Pete Braun Management Trustee | Trustee | 0.5 | $0 |
Mike Malofsky Management Trustee | Trustee | 0.5 | $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 | $4,532,764 |
| Investment income | $123,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $362,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,021,664 |
| 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 | $4,246,786 |
| 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 | $41,331 |
| Fees for services: Legal | $28,876 |
| Fees for services: Accounting | $20,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,459 |
| Fees for services: Other | $207,662 |
| Advertising and promotion | $0 |
| Office expenses | $24,560 |
| 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 | $413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,370 |
| All other expenses | $16,970 |
| Total functional expenses | $5,680,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,165 |
| Savings and temporary cash investments | $54,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $409,401 |
| 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 | $64,344 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,700,902 |
| Investments—other securities | $26,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,096 |
| Total assets | $6,797,451 |
| Accounts payable and accrued expenses | $15,622 |
| 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 | $2,865,151 |
| Total liabilities | $2,880,773 |
| 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 | $3,916,678 |
| Total liabilities and net assets/fund balances | $6,797,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Reformed Benefits Association Grand Rapids, MI | $9,561,157 | $15,087,077 |
Bronson Properties Corporation Kalamazoo, MI | $80,947,112 | $15,014,502 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund Bingham Farms, MI | $17,296,602 | $13,659,462 |