Greater Kansas City Laborers Welfare Fund
- Assets
- $30.0m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 10/1963
- Data as of
- 10/2020
- EIN
- 43-6039074
Organization Overview
Greater Kansas City Laborers Welfare Fund is located in Overland Park, KS. The organization was established in 1963. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Kansas City 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 10/2020, Greater Kansas City Laborers Welfare Fund generated $16.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $16.7m during the year ending 10/2020. While expenses have increased by 2.2% 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES HEALTH AND WELFARE BENEFITS FOR MEMBERS OF LOCAL UNIONS #'S 264 AND 1290 OF THE WESTERN MO & KS LABORERS DISTRICT COUNCIL OF THE LABORERS INTERNATIONAL UNION OF NORTH AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald L Thomas Union Trustee, Secretary | OfficerTrustee | 0.3 | $0 |
Don Greenwell Employer Trustee, Chairman | OfficerTrustee | 0.3 | $0 |
Mitchell Rowley Union Trustee | Trustee | 0.3 | $0 |
Jeffrey Philgreen Union Trustee | Trustee | 0.3 | $0 |
William L Livingston III Union Trustee | Trustee | 0.3 | $0 |
Marcus Johnson-El Union Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Administrative Services | 10/30/20 | $574,277 |
Tic International Corporation Third Party Administrators | 10/30/20 | $449,400 |
Arnold Newbold Winter & Jackson Pc Legal Services | 10/30/20 | $178,855 |
Segal Co Consulting Services | 10/30/20 | $102,251 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $667,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $943,617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,053,457 |
| 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 | $15,392,060 |
| 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 | $396,200 |
| Fees for services: Legal | $134,074 |
| Fees for services: Accounting | $92,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,588 |
| Fees for services: Other | $602,161 |
| Advertising and promotion | $0 |
| Office expenses | $23,100 |
| 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 | $153 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,551 |
| All other expenses | $0 |
| Total functional expenses | $16,721,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,080,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $21,437 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $104,407 |
| Investments—publicly traded securities | $27,755,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,048,906 |
| Accounts payable and accrued expenses | $291,918 |
| 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 | $273,454 |
| Total liabilities | $565,372 |
| 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 | $29,483,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Boards Of Education Self-Funded Trust Inc Denver, CO | $16,879,557 | $41,855,725 |
Greater Kansas City Laborers Welfare Fund Overland Park, KS | $30,048,906 | $16,053,457 |
Tulsa Fire Fighters Health & Welfare Fund Jay, OK | $9,184,607 | $15,077,842 |
Tulsa Fop 93 Health And Welfare Tr Tulsa, OK | $14,302,996 | $12,699,018 |
Uniformed Services Benefit Association Overland Park, KS | $8,416,028 | $5,960,710 |
Unite Here Local 74 Welfare And Dental Trust St Louis, MO | $1,189,509 | $1,470,294 |
Aurora Fire Fighters Retiree Health Fund Englewood, CO | $10,479,340 | $1,132,025 |
Firemens Relief Association Fire District 2 Johnson County Overland Park, KS | $2,125,773 | $893,550 |
City Of Papillion Veba Health Savings Trust Papillion, NE | $4,425,154 | -$88,872 |
Omaha Firefighters Benefit Association Omaha, NE | $8,239,727 | $468,981 |
Firemens Relief Assn Junction City, KS | $835,129 | $190,332 |
Firemens Relief Association Chanute, KS | $146,637 | $0 |