Construction Industry Laborers Welfare Fund is located in Kansas City, MO. The organization was established in 1954. 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. Construction Industry 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 12/2021, Construction Industry Laborers Welfare Fund generated $60.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $62.5m during the year ending 12/2021. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH & WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES HEALTH AND WELFARE BENEFITS FOR APPROXIMATELY 5750 COVERED PARTICIPANTS AND THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason P Mendenhall Chairman | OfficerTrustee | 0 | $0 |
Jim Fitzgerald Secretary | OfficerTrustee | 0 | $0 |
Trent Ely Trustee | Trustee | 0 | $0 |
Gabriel T Jones Trustee | Trustee | 0 | $0 |
Mitchell Rowley Trustee | Trustee | 0 | $0 |
Bill Tillman Trustee | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wilson-mcshane Corporation Administrative Services | 12/30/21 | $892,406 |
Blue Cross Blue Shield Administrative Services | 12/30/21 | $2,303,607 |
Arnold Newbold Sollars & Hollins Legal Services | 12/30/21 | $280,923 |
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 | $55,134,059 |
Investment income | $2,826,494 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $205,409 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $60,897,343 |
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 | $56,642,425 |
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 | $769,200 |
Fees for services: Legal | $280,923 |
Fees for services: Accounting | $141,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $327,124 |
Fees for services: Other | $2,921,569 |
Advertising and promotion | $0 |
Office expenses | $38,285 |
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 | $3,225 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $39,590 |
All other expenses | $0 |
Total functional expenses | $62,483,687 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $6,841,099 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,891,237 |
Loans from Officers, Directors, or Controlling Persons | $103,248 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $41,548 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $77,585,346 |
Investments—other securities | $67,688,180 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $224,576 |
Total assets | $159,375,234 |
Accounts payable and accrued expenses | $1,084,174 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $1,448,270 |
Loans and other payables to any current Officer, Director, or Controlling Person | $29,366 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,561,810 |
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 | $156,813,424 |
Total liabilities and net assets/fund balances | $159,375,234 |
Organization Name | Assets | Revenue |
---|---|---|
Seiu Local 1 & Participating Employers Health Trust Chicago, IL | $156,543,336 | $132,715,763 |
Hyatt Corporation Welfare Benefit Trust Chicago, IL | $6,191,969 | $127,454,104 |
Kindred Operating Inc Benefit Trust Louisville, KY | $0 | $114,052,809 |
Olin Employees Benefit Association Trust Clayton, MO | $9,540,806 | $107,158,504 |
Seiu Healthcare Il Home Care & Child Care Fund Chicago, IL | $235,309,739 | $118,872,167 |
Kraft Foods Global Inc Retiree Health And Life Benefit Tr Chicago, IL | $1,155,325,144 | $69,120,518 |
Teamsters & Employers Welfare Trust Of Illinois Earth City, MO | $101,818,713 | $113,173,281 |
Automobile Mechanics-701 Union And Industry Welfare Fund-Trust Burr Ridge, IL | $251,648,514 | $107,015,909 |
National Board Of Ymca Employee Benefit Trust Chicago, IL | $37,583,698 | $83,776,536 |
Federal Express Corporation Wage Continuation Trust Collierville, TN | $1,372,581 | $82,936,752 |
Mcmaster-Carr Supply Co Employees Welfare Tr Elmhurst, IL | $451,957,330 | $124,315,819 |
Exxon Mobil Master Welfare Benefit Trust Chicago, IL | $112 | $87,541,130 |