Construction Industry Of Kansas Health & Welfare Trust Fund Agreem
- Assets
- $6.3m
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 11/1973
- Data as of
- 12/2023
- EIN
- 48-6179687
Organization Overview
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem is located in Lexington, KY. The organization was established in 1973. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Construction Industry Of Kansas Health & Welfare Trust Fund Agreem is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Construction Industry Of Kansas Health & Welfare Trust Fund Agreem generated $20.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $18.8m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF HEALTH AND WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES OF SUBSCRIBING EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mathew Allen Trustee | Trustee | $0 | |
Kevin Koehler Trustee | Trustee | $0 | |
Jacob Lauer Trustee | Trustee | $0 | |
Jeff Mullen Trustee | Trustee | $0 | |
Beverly Sauerwein Trustee | Trustee | $0 | |
Christopher K Spray Chairman | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Umr Contract Admin | 12/30/22 | $200,227 |
Ima Consulting Consulting | 12/30/22 | $120,810 |
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 | $20,645,652 |
| Investment income | $76,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,699,070 |
| 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 | $18,333,067 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,560 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,279 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $14,033 |
| Total functional expenses | $18,750,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,594,285 |
| Savings and temporary cash investments | $312,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $947,938 |
| 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 | $3,145 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,428,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,286,182 |
| Accounts payable and accrued expenses | $53,072 |
| Grants payable | $0 |
| Deferred revenue | $176,797 |
| 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 | $2,420,710 |
| Total liabilities | $2,650,579 |
| 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 | $3,635,603 |
| Total liabilities and net assets/fund balances | $6,286,182 |