Seiu Health And Welfare Fund
- Assets
- $42.0m
- Revenue
- $52.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1990
- Data as of
- 12/2022
- 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 12/2022, Seiu Health And Welfare Fund generated $52.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $53.6m during the year ending 12/2022. While expenses have increased by 5.5% 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
2022
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 |
|---|---|---|---|
Greg Nammacher Union Trustee | Trustee | 1 | $0 |
Kenneth Munz 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 |
John Neese Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Health Care Admin & Access Fees | 12/30/22 | $1,587,903 |
Carefirst Bluecross Blueshield Admin & Access Fees | 12/30/22 | $558,299 |
Segal Company Actuary | 12/30/22 | $340,281 |
Bluecross And Blueshield Of Illinois Access And Administration Fee | 12/30/22 | $229,945 |
Delta Dental Administration | 12/30/22 | $161,985 |
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 | $51,209,848 |
| Investment income | $622,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$345,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,479,632 |
| 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 | $49,795,344 |
| 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 | $61,380 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,947 |
| Fees for services: Other | $2,236,773 |
| Advertising and promotion | $0 |
| Office expenses | $88,262 |
| Information technology | $202,510 |
| Royalties | $0 |
| Occupancy | $69,777 |
| Travel | $6,337 |
| 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 | $32,549 |
| All other expenses | $1,041,980 |
| Total functional expenses | $53,637,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$171,971 |
| Savings and temporary cash investments | $4,753,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,770,459 |
| 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 | $34,664 |
| Net Land, buildings, and equipment | $1,477 |
| Investments—publicly traded securities | $33,658,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $985,946 |
| Total assets | $42,032,432 |
| Accounts payable and accrued expenses | $470,315 |
| Grants payable | $0 |
| Deferred revenue | $984,405 |
| 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 | $307,453 |
| Total liabilities | $1,762,173 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $40,270,259 |
| 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 | $42,032,432 |