Afscme Council 5 Members Health And Welfare Fund
- Assets
- $2.6m
- Revenue
- $4.6m
- Investments
- $1.0m
- Employees
- 0
- Location
- So St Paul, MN
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 41-1700724
Organization Overview
Afscme Council 5 Members Health And Welfare Fund is located in So St Paul, MN. The organization was established in 1993. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Afscme Council 5 Members Health And 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 12/2022, Afscme Council 5 Members Health And Welfare Fund generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 4.4% 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
TO COLLECT FUNDS FROM EMPLOYERS OF AFFILIATED UNION LOCALS AND TO USE SUCH FUNDS TO PAY PREMIUMS FOR THE PURCHASE OF EMPLOYEE BENEFITS - IN PARTICULAR, DENTAL COVERAGE PER A COLLECTIVE BARGAINING AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTINUED TO COLLECT THE BARGAINED FOR FUNDS FROM EMPLOYERS AND TO USE THE FUNDS TO PROVIDE DENTAL INSURANCE COVERAGE FOR APPROXIMATELY 4,600 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair / C5 Designee | OfficerTrustee | 3 | $0 |
Kate Maclam Trustee | Trustee | 0.01 | $0 |
Brett Arntsen Trustee | Trustee | 0.01 | $0 |
Stephen Larson Retired Trustee | Trustee | 0.01 | $0 |
Angel Alexander Trustee | Trustee | 0.01 | $0 |
Sara Franck Trustee | Trustee | 0.01 | $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 | $4,737,038 |
| Investment income | -$93,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,643,895 |
| 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 | $4,949,597 |
| 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 | $200,710 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,694 |
| 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 | $8,936 |
| All other expenses | $0 |
| Total functional expenses | $5,333,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,516 |
| Savings and temporary cash investments | $1,235,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,002,122 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,599,009 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,599,009 |
| 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 | $2,599,009 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Afscme Council 5 Members Health And Welfare Fund So St Paul, MN | $2,599,009 | $4,643,895 |
Progress Enterprises Inc Jamestown, ND | $5,566,469 | $4,264,297 |
Wisconsin Health Information Organization Inc Monona, WI | $2,005,888 | $2,109,941 |
Minnesota Council Of Health Plans St Paul, MN | $1,053,474 | $1,755,212 |
Black Hills Center For American Indian Health Rapid City, SD | $162,074 | $1,642,469 |
International Society For Sexual And Inpotence Research Burnsville, MN | $6,570,167 | $1,372,542 |
Greater Milwaukee Business Group On Health Inc Sussex, WI | $0 | $24,936 |
Iowa Hospital Education And Research Foundation Des Moines, IA | $5,618,028 | $2,396,269 |
Our Stories Our Health Saint Paul, MN | $2,033 | $106,284 |
National Health Freedom Coalition Saint Paul, MN | $119,397 | $0 |
Minnesota Norml Minneapolis, MN | $1,752 | $0 |
Association Of Physician Assistants In Obstetrics & Gynecology Kimberly, WI | $13,303 | $0 |