Seiu Health And Welfare Fund
- Assets
- $44.3m
- Revenue
- $54.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1990
- Data as of
- 12/2021
- EIN
- 52-0904354
Organization Overview
Seiu Health And Welfare Fund is located in Washington, DC. The organization was established in 1990. 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. Seiu Health And 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, Seiu Health And Welfare Fund generated $54.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $53.6m during the year ending 12/2021. While expenses have increased by 6.3% 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
THE SERVICE EMPLOYEES INTERNATIONAL UNION HEALTH AND WELFARE FUND IS A JOINTLY MANAGED TAFT-HARLEY, MULTI-EMPLOYER,COLLECTIVELY BARGAINED,SELF INSURED AND INSURED HEALTH AND WELFARE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDED MEDICAL, DENTAL, VISION, PRESCRIPTION, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Goumbri Union Trustee | Trustee | 1 | $0 |
Kenneth Munz Union Trustee | Trustee | 1 | $0 |
Greg Nammacher Union Trustee | Trustee | 1 | $0 |
Christopher B Bouvier Management Trustee | Trustee | 1 | $0 |
David Chapla Management Trustee | Trustee | 1 | $0 |
Damon Fraser Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Health Care Admin & Access Fees | 12/30/21 | $1,676,634 |
Bluecross And Blueshield Of Illinois Access And Administration Fee | 12/30/21 | $327,700 |
Segal Company Actuary | 12/30/21 | $289,446 |
Delta Dental Administration | 12/30/21 | $165,489 |
Carefirst Bluecross Blueshield Admin & Access Fees | 12/30/21 | $530,560 |
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 | $53,291,850 |
| Investment income | $94,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $178,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,485,923 |
| 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 | $49,805,611 |
| 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 | $94,438 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,576 |
| Fees for services: Other | $2,144,788 |
| Advertising and promotion | $0 |
| Office expenses | $126,966 |
| Information technology | $216,173 |
| Royalties | $0 |
| Occupancy | $93,552 |
| Travel | $7,350 |
| 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 | $28,961 |
| All other expenses | $987,028 |
| Total functional expenses | $53,605,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$602,631 |
| Savings and temporary cash investments | $4,973,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,900,895 |
| 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 | $34,612 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,239,881 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,754,167 |
| Total assets | $44,300,778 |
| Accounts payable and accrued expenses | $202,847 |
| Grants payable | $0 |
| Deferred revenue | $1,512,597 |
| 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 | $396,843 |
| Total liabilities | $2,112,287 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $42,188,491 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,300,778 |