Cement Masons Plasterers Loc 518
- Assets
- $32.3m
- Revenue
- $12.9m
- Investments
- $8.6m
- Employees
- 0
- Location
- Independence, MO
- Founding
- 08/1963
- Data as of
- 07/2023
- EIN
- 43-6039075
Organization Overview
Cement Masons Plasterers Loc 518 is located in Independence, MO. The organization was established in 1963. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement Masons Plasterers Loc 518 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 07/2023, Cement Masons Plasterers Loc 518 generated $12.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $8.9m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Hitt Union Trustee | Trustee | 40 | $0 |
Greg Davey Employer Trustee Secretary | OfficerTrustee | 40 | $0 |
Kevin Gard Union Trustee Chairperson | OfficerTrustee | 40 | $0 |
Pete Browne Employer Trustee | Trustee | 40 | $0 |
Rocky Queen Employer Trustee | Trustee | 40 | $0 |
Philip Mount Union Trustee | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Kansas City Third Party Claims Processing | 7/30/23 | $337,621 |
Compusys Inc Administration | 7/30/23 | $142,473 |
Arnold Newbold Sollars & Hollins Legal Services | 7/30/23 | $110,297 |
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 | $12,023,385 |
| Investment income | $766,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$73,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,898,087 |
| 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 | $7,622,115 |
| 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 | $494,120 |
| Payroll taxes | $0 |
| Fees for services: Management | $477,434 |
| Fees for services: Legal | $83,142 |
| Fees for services: Accounting | $58,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,937 |
| Fees for services: Other | $55,951 |
| Advertising and promotion | $0 |
| Office expenses | $18,135 |
| 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 | $1,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,086 |
| All other expenses | $0 |
| Total functional expenses | $8,918,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,935 |
| Savings and temporary cash investments | $2,496,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,234,607 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,804,734 |
| Investments—other securities | $8,599,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,285,975 |
| 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 | $124,832 |
| Total liabilities | $124,832 |
| Net assets without donor restrictions | $32,161,143 |
| 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 | $32,285,975 |