Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan
- Assets
- $638.5m
- Revenue
- $130.9m
- Investments
- $610.3m
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 12/2015
- Data as of
- 05/2022
- EIN
- 46-5243652
Organization Overview
Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan is located in Westchester, IL. The organization was established in 2015. 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. Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan generated $130.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $91.4m during the year ending 05/2022. While expenses have increased by 7.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN PROVIDES HEALTH, PRESCRIPTION, DENTAL, VISION TO ALL ELIGIBLE RETIREE PARTICIPANTS AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, PRESCRIPTION, DENTAL, VISION TO ELIGIBLE RETIREE PARTICIPANTS AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Wenskus Administrator | Officer | 8 | $0 |
James Connolly Trustee | Trustee | 1 | $0 |
Charles Loverde III Trustee | Trustee | 1 | $0 |
Martin Flanagan Trustee | Trustee | 1 | $0 |
William Martin Trustee | Trustee | 1 | $0 |
Richard Kuczkowski Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ullico Investment Advisors Investment Fees | 5/30/22 | $219,729 |
Zelis Payment Holdings Llc Payment Processing | 5/30/22 | $130,119 |
The Segal Company Actuarial Consulting | 5/30/22 | $109,606 |
William Blair Investment Fees | 5/30/22 | $107,713 |
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 | $118,200,116 |
| Investment income | $2,505,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,126,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,888,796 |
| 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 | $85,473,302 |
| 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 | $2,113,091 |
| Pension plan accruals and contributions | $843,201 |
| Other employee benefits | $788,577 |
| Payroll taxes | $166,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,220 |
| Fees for services: Accounting | $256,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $483,100 |
| Fees for services: Other | $202,407 |
| Advertising and promotion | $0 |
| Office expenses | $361,264 |
| Information technology | $243,163 |
| Royalties | $0 |
| Occupancy | $180,486 |
| 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 | $29,479 |
| Insurance | $83,302 |
| All other expenses | $1,428 |
| Total functional expenses | $91,445,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$113,402 |
| Savings and temporary cash investments | $5,661,990 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,850,137 |
| 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 | $133,835 |
| Net Land, buildings, and equipment | $923,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $610,260,818 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,737,975 |
| Total assets | $638,454,439 |
| Accounts payable and accrued expenses | $540,958 |
| 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 | $5,635,293 |
| Total liabilities | $6,176,251 |
| 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 | $632,278,188 |
| Total liabilities and net assets/fund balances | $638,454,439 |