Chicago Painters And Decorators Welfare Fund is located in Oak Brook, IL. The organization was established in 1955. 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. Chicago Painters And Decorators 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 04/2022, Chicago Painters And Decorators Welfare Fund generated $51.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $54.4m during the year ending 04/2022. While expenses have increased by 4.7% 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
TO PROVIDE HOSPITALIZATION, MEDICAL, AND OTHER RELATED BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOSPITALIZATION, MEDICAL AND OTHER RELATED BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Miles Beatty Trustee | Trustee | 2 | $0 |
Devin Cronin Trustee | Trustee | 2 | $0 |
Hugo Manzo Trustee | Trustee | 2 | $0 |
Todd Overdorf Trustee | Trustee | 2 | $0 |
Colette Forst Trustee - Past | Trustee | 2 | $0 |
Ken Kazaitis Trustee - Alternate | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Blue Cross Blue Shield Health Care Provider | 4/29/22 | $880,400 |
Arnold And Kadjan Legal And Collection | 4/29/22 | $797,963 |
Zenith-american Solutions Third Party Administrator | 4/29/22 | $596,412 |
Aetna Health Insurance Health Care Provider | 4/29/22 | $308,284 |
Vision Service Plan Health Care Provider | 4/29/22 | $125,550 |
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 | $45,953,108 |
Investment income | $654,374 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,289,679 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $51,185,585 |
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 | $52,323,309 |
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 | $647,528 |
Fees for services: Legal | $353,282 |
Fees for services: Accounting | $112,491 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $147,431 |
Fees for services: Other | $600,442 |
Advertising and promotion | $0 |
Office expenses | $169,340 |
Information technology | $2,064 |
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 | $33,842 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $16,561 |
All other expenses | $0 |
Total functional expenses | $54,433,085 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,737,166 |
Savings and temporary cash investments | $7,127,562 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,995,443 |
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 | $241,644 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $25,727,619 |
Investments—other securities | $15,668,217 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,868,478 |
Total assets | $62,366,129 |
Accounts payable and accrued expenses | $279,385 |
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 | $35,032,396 |
Total liabilities | $35,311,781 |
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 | $27,054,348 |
Total liabilities and net assets/fund balances | $62,366,129 |
Over the last fiscal year, we have identified 1 grants that Chicago Painters And Decorators Welfare Fund has recieved totaling $533,142.
Awarding Organization | Amount |
---|---|
Chicago Painters And Decorators Cooperation And Education Tr Fund Oak Brook, IL PURPOSE: GRANT TO HELP PAY FOR SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO UNEMPLOYED MEMBERS DUE TO COVID-19. | $533,142 |
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 |
Cook Group Health Plan Trust Bloomington, IN | $8,118,336 | $121,299,897 |
Kindred Operating Inc Benefit Trust Louisville, KY | $0 | $114,052,809 |
Wisconsin Laborers Health Fund Deforest, WI | $353,332,580 | $101,359,419 |
Mid Central Operating Engineers Health & Welfare Fund Terre Haute, IN | $164,227,966 | $120,915,120 |
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 |
Indiana Laborers Welfare Fund Terre Haute, IN | $297,651,155 | $117,994,109 |
Automobile Mechanics-701 Union And Industry Welfare Fund-Trust Burr Ridge, IL | $251,648,514 | $107,015,909 |