Stone And Marble Masons Of Mtrpltn Wshngtn Dc Health & Welfare Tr Fnd
- Assets
- $10.6m
- Revenue
- $3.1m
- Investments
- $1.4m
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 04/1961
- Data as of
- 01/2023
- EIN
- 52-6038514
Organization Overview
Stone And Marble Masons Of Mtrpltn Wshngtn Dc Health & Welfare Tr Fnd is located in Columbia, MD. The organization was established in 1961. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone And Marble Masons Of Mtrpltn Wshngtn DC Health & Welfare Tr Fnd is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2023, Stone And Marble Masons Of Mtrpltn Wshngtn DC Health & Welfare Tr Fnd generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.5m during the year ending 01/2023. While expenses have increased by 2.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HEALTH BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH BENEFITS TO UNION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cesar Rodriquez Alt. Union Trustee | Trustee | 4 | $0 |
Michael R Bratti Employer Trustee | Trustee | 4 | $0 |
Brett S Rugo Employer Trustee | Trustee | 4 | $0 |
Vital Cardoso Union Trustee | Trustee | 4 | $1,283 |
Scott Garvin Union Trustee | Trustee | 4 | $1,649 |
Michael Patterson Union Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caremark Inc Pharmacy Benefit Mgmt. | 1/30/22 | $738,453 |
Benesys Inc Third Party Administrator | 1/30/22 | $169,460 |
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 | $3,072,446 |
| Investment income | $183,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$144,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,110,805 |
| 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 | $2,145,941 |
| Compensation of current officers, directors, key employees. | $2,932 |
| 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 | $178,226 |
| Fees for services: Legal | $23,942 |
| Fees for services: Accounting | $12,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,315 |
| Fees for services: Other | $70,245 |
| Advertising and promotion | $0 |
| Office expenses | $12,053 |
| 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 | $3,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,188 |
| All other expenses | $3,593 |
| Total functional expenses | $2,486,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,681,029 |
| Savings and temporary cash investments | $90,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345,692 |
| 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 | $6,466 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,068,202 |
| Investments—other securities | $1,387,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,579,939 |
| Accounts payable and accrued expenses | $28,968 |
| 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 | $162,645 |
| Total liabilities | $191,613 |
| 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 | $10,388,326 |
| Total liabilities and net assets/fund balances | $10,579,939 |