Welfare Fund Of Engineers Local 513

Organization Overview

Welfare Fund Of Engineers Local 513 is located in Bridgeton, MO. The organization was established in 1967. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Welfare Fund Of Engineers Local 513 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 04/2022, Welfare Fund Of Engineers Local 513 generated $59.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $51.2m during the year ending 04/2022. While expenses have increased by 4.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PLAN PROVIDES MEDICAL, DENTAL, VISION, ACCIDENT AND DEATH BENEFIT TO PARTICIPANTS OF LOCAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLAN PROVIDES MEDICAL, DENTAL, VISION, ACCIDENT AND DEATH BENEFITS TO PARTICIPANTS OF LOCAL 513 OPERATING ENGINEERS UNION


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Board, Officers & Key Employees

Name (title)Compensation
Tim Sappington
Chairman
$0
Lealon Vaughn
Trustee
$0
Charlie Goodwin
Secretary
$0
John Grib
Trustee
$0
Jeremy Bennett
Trustee
$0
Bill Suddarth
Exiting Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Benesys Inc
Administrative Services
$860,606
Milliman Usa
Actuarial/consulting Services
$121,753
View All Vendors

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$56,426,604
Investment income $1,336,113
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,249,676
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $59,012,393

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