United Mine Workers Of America Combined Benefit Fund is located in Washington, DC. The organization was established in 1995. 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. As of 09/2021, United Mine Workers Of America Combined Benefit Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Mine Workers Of America Combined Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, United Mine Workers Of America Combined Benefit Fund generated $64.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $66.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 6 years. 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
HIGH QUALITY DELIVERY OF CONTRACTUALLY AND STATUTORILY MANDATED BENEFITS TO ELIGIBLE BENEFICIARIES IN THE MOST EFFICIENT AND EFFECTIVE MANNER POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES AS A TRUST FOR A MULTIEMPLOYER WELFARE PLAN THAT PROVIDES MEDICAL, VISION, AND DEATH BENEFITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William P Hobgood Trustee | Trustee | 4 | $72,692 |
Carl E Van Horn Trustee | Trustee | 8 | $72,692 |
Gail R Wilensky Trustee | Trustee | 4 | $72,692 |
Lorraine Lewis Executive Director | Officer | 9 | $48,238 |
Michael H Holland Trustee, Co-Chair | Trustee | 8 | $41,538 |
Joseph R Reschini Trustee | Trustee | 5 | $31,154 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Umwa 1974 Pension Plan Admin Services | 9/29/21 | $2,676,871 |
Keystone Peer Review Organization I Geriatric Care Mgt | 9/29/21 | $2,176,279 |
Healthsmart Benefit Solutions Contract Admin | 9/29/21 | $1,915,657 |
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 | $64,546,517 |
Investment income | $217,115 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $64,763,632 |
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 | $58,262,603 |
Compensation of current officers, directors, key employees. | $391,814 |
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 | $27,715 |
Fees for services: Management | $0 |
Fees for services: Legal | $105,088 |
Fees for services: Accounting | $122,563 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,460,035 |
Advertising and promotion | $0 |
Office expenses | $85,524 |
Information technology | $86,269 |
Royalties | $0 |
Occupancy | $204,457 |
Travel | $289 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,508 |
Interest | $1,605 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $28,765 |
Insurance | $59,165 |
All other expenses | $0 |
Total functional expenses | $66,553,612 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $25,774,698 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,152,665 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $67,695,072 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $497,834 |
Total assets | $97,120,269 |
Accounts payable and accrued expenses | $25,861,033 |
Grants payable | $0 |
Deferred revenue | $21,713,369 |
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 | $26,630,756 |
Total liabilities | $74,205,158 |
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 | $22,915,111 |
Total liabilities and net assets/fund balances | $97,120,269 |
Over the last fiscal year, we have identified 1 grants that United Mine Workers Of America Combined Benefit Fund has recieved totaling $7,500.
Awarding Organization | Amount |
---|---|
United Mine Workers Of America- International Triangle, VA PURPOSE: DONATION | $7,500 |