Employer-Teamsters Joint Council 84 Health & Welfare Fund
- Assets
- $27.5m
- Revenue
- $24.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Charleston, WV
- Founding
- 07/1957
- Data as of
- 12/2021
- EIN
- 55-0422384
Organization Overview
Employer-Teamsters Joint Council 84 Health & Welfare Fund is located in Charleston, WV. The organization was established in 1957. 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 12/2021, Employer-Teamsters Joint Council 84 Health & Welfare Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employer-Teamsters Joint Council 84 Health & 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, Employer-Teamsters Joint Council 84 Health & Welfare Fund generated $24.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $21.4m during the year ending 12/2021. While expenses have increased by 4.5% 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
PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AREA-WIDE, UNION-NEGOTIATED, UNION-MANAGEMENT TRUSTEED HEALTH AND WELFARE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank T Litton Jr Trustee | Trustee | 5 | $0 |
Luke Farley Trustee | Trustee | 2 | $0 |
Richard K Hall Trustee | Trustee | 2 | $0 |
Terry Rusin Trustee | Trustee | 2 | $0 |
Steve Day Trustee | Trustee | 2 | $0 |
Shawn Romano Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Benefit Corporation Third Party Admin. | 12/30/21 | $734,437 |
Anthem Blue Cross Preferred Providor | 12/30/21 | $439,531 |
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 | $23,289,305 |
| Investment income | $347,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $950,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,589,399 |
| 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 | $19,831,063 |
| 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 | $48,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,690 |
| Payroll taxes | $4,035 |
| Fees for services: Management | $734,473 |
| Fees for services: Legal | $25,077 |
| Fees for services: Accounting | $50,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,636 |
| Fees for services: Other | $449,210 |
| Advertising and promotion | $0 |
| Office expenses | $21,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,741 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,014 |
| Insurance | $13,006 |
| All other expenses | $0 |
| Total functional expenses | $21,397,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$273,494 |
| Savings and temporary cash investments | $1,883,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,156,775 |
| 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 | $113,857 |
| Net Land, buildings, and equipment | $122,329 |
| Investments—publicly traded securities | $23,290,996 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,148 |
| Total assets | $27,466,198 |
| Accounts payable and accrued expenses | $69,899 |
| 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 | $69,899 |
| 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 | $27,396,299 |
| Total liabilities and net assets/fund balances | $27,466,198 |