Laborers Welfare Fund Of Dela 199 & 847
- Assets
- $6.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Pittsburgh, PA
- Founding
- 11/1960
- Data as of
- 04/2023
- EIN
- 51-6015930
Organization Overview
Laborers Welfare Fund Of Dela 199 & 847 is located in Pittsburgh, PA. The organization was established in 1960. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 04/2023, Laborers Welfare Fund Of Dela 199 & 847 employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Welfare Fund Of Dela 199 & 847 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Laborers Welfare Fund Of Dela 199 & 847 generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.8m during the year ending 04/2023. While expenses have increased by 5.3% per year over the past 8 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
PROVIDE HEALTH, DISABILITY INSURANCE, AND DEATH BENEFITS TO MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL INSURANCE AND PRESCRIPTION DRUG BENEFITS FOR 278-298 PARTICIPANTS.
LIFE, DISABILITY, AND DENTAL BENEFITS FOR 278-298 PARTICIPANTS.
VACATION FUND DISTRIBUTIONS FOR 278-298 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Pocino Union Co-Chairman Resigned Oct 2022 | Trustee | 2 | $0 |
John J Mcmahon Jr Employer Co-Chairman | Trustee | 2 | $0 |
Ian Patton Union Trustee | Trustee | 2 | $0 |
James Maravelias Union Trustee | Trustee | 2 | $0 |
Curtis Linton Union Trustee | Trustee | 2 | $0 |
Anthony Rizzo Employer Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Segal Company Consulting | 4/29/17 | $134,646 |
Zenith American Solutions Inc Administration | 4/29/17 | $100,620 |
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 | $5,603,658 |
| Investment income | $93,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,700,185 |
| 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 | $5,388,565 |
| 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 | $176,063 |
| Fees for services: Legal | $44,288 |
| Fees for services: Accounting | $34,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,763 |
| Fees for services: Other | $76,220 |
| Advertising and promotion | $0 |
| Office expenses | $5,805 |
| 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 | $6,683 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,291 |
| All other expenses | $0 |
| Total functional expenses | $5,766,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,261,616 |
| Savings and temporary cash investments | $17,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $844,811 |
| 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 | $38,670 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,089,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,067 |
| Total assets | $6,338,503 |
| Accounts payable and accrued expenses | $288,389 |
| 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 | $0 |
| Total liabilities | $288,389 |
| 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 | $6,050,114 |
| Total liabilities and net assets/fund balances | $6,338,503 |