Employers-Ila Nc Ports Welfare Plan
- Assets
- $4.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Wilmington, NC
- Founding
- 08/1994
- Data as of
- 09/2021
- EIN
- 58-2126333
Organization Overview
Employers-Ila Nc Ports Welfare Plan is located in Wilmington, NC. The organization was established in 1994. 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, Employers-Ila NC Ports Welfare Plan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers-Ila NC Ports Welfare Plan 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, Employers-Ila NC Ports Welfare Plan generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.7m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 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
TO PROVIDE LIFE INSURANCE, SHORT-TERM DISABILITY FOR ELIGIBLE PARTICIPANTS OF THE PLAN AND MAINTAINED PARTICIPANT ELIGIBILITY INFORMATION FOR THIRD PARTY COLLECTIVELY-BARGAINED MEDICAL, DENTAL, PHARMACY AND VISION BENEFITS FOR ALL PARTICIPANTS OF THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LIFE INSURANCE AND SHORT-TERM DISABILITY FOR ELIGIBLE PARTICIPANTS OF THE PLAN AND MAINTAINED PARTICIPANT ELIGIBILITY INFORMATION FOR THIRD PARTY COLLECTIVELY-BARGAINED MEDICAL, DENTAL, PHARMACY, AND VISION BENEFITS FOR ALL PARTICIPANTS OF THE PLAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Womack Administrato | 20 | $118,604 | |
Charles E Seaton Union Truste | Trustee | 0.1 | $43 |
Gregory Washington Union Truste | Trustee | 0.2 | $43 |
Perty Grissett Alternate Un | Trustee | 0.1 | $43 |
Greg Melton Alternate Un | Trustee | 0.1 | $17 |
Michael Clemmons Union Truste | Trustee | 0.2 | $15 |
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 | $2,958,681 |
| Investment income | $29,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,624,877 |
| 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 | $3,118,964 |
| 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 | $264,948 |
| Pension plan accruals and contributions | $34,689 |
| Other employee benefits | $125,185 |
| Payroll taxes | $20,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,882 |
| Fees for services: Other | $18,099 |
| Advertising and promotion | $0 |
| Office expenses | $44,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,528 |
| Travel | $991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,861 |
| Insurance | $18,968 |
| All other expenses | $0 |
| Total functional expenses | $3,728,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $988,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $774,331 |
| 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 | $41,967 |
| Net Land, buildings, and equipment | $286,114 |
| Investments—publicly traded securities | $2,295,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,386,398 |
| Accounts payable and accrued expenses | $941,774 |
| 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 | $941,774 |
| 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 | $3,444,624 |
| Total liabilities and net assets/fund balances | $4,386,398 |