1978 Retired Construction Workers Benefit Trust

Organization Overview

1978 Retired Construction Workers Benefit Trust is located in Charleston, WV. The organization was established in 1979. 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. 1978 Retired Construction Workers Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 03/2023, 1978 Retired Construction Workers Benefit Trust generated $6.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.1m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH & WELFARE PLAN EXEMPT UNDER I.R.C. SECTION 501(C)(9).

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE QUALITY HEALTH CARE COVERAGE TO CERTAIN RETIRED CONSTRUCTION WORKERS, DISABLED CONSTRUCTION WORKERS AND THEIR ELIGIBLE DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
William H Howe
Trustee
$15,000
Donald T Barnett
Trustee
$15,000
Fred Marx
Chairman
$15,000

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$6,167,635
Investment income $450,817
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 $6,681,839

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