International Longshoremens Assn Employees Welfare Fund

Organization Overview

International Longshoremens Assn Employees Welfare Fund is located in Miramar, FL. The organization was established in 1960. 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, International Longshoremens Assn Employees Welfare Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Longshoremens Assn Employees 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 09/2021, International Longshoremens Assn Employees Welfare Fund generated $23.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $23.9m during the year ending 09/2021. While expenses have increased by 5.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS A PARTIALLY INSURED PLAN PROVIDING HEALTH AND OTHER BENEFITS TO ALL ELIGIBLE PARTICIPANTS OF THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION (AFL-CIO) EMPLOYERS' FRINGE BENEFIT FUNDS, SOUTHEAST FLORIDA PORTS, AND COVERED DEPENDENTS, UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE PLAN YEAR ENDED SEPTEMBER 30, 2021, THE PLAN PROVIDED MEDICAL, DENTAL, PRESCRIPTION DRUGS AND VISION BENEFITS TO 1,840 PARTICIPANTS AND THEIR DEPENDENTS; LIFE INSURANCE BENEFITS TO 2,317 PARTICIPANTS AND THEIR DEPENDENTS; REIMBURSEMENT OF MEDICARE PREMIUMS TO 660 PATICIPANTS AND THEIR DEPENDENTS; VACATION AND HOLIDAY BENEFITS TO 1,319 PARTICIPANTS AND LEGAL REIMBURSEMENT BENEFIT TO 2,037 PARTICPANTS AND THEIR DEPENDENTS. THERE WERE NO SUPPLEMENTAL INCOME BENEFITS PROVIDED TO PLAN PARTICIPANTS.


DURING THE PLAN YEAR ENDED SEPTEMBER 30, 2021, THE PLAN PROVIDED MEDICAL, DENTAL, PRESCRIPTION DRUGS AND VISION BENEFITS TO 1,840 PARTICIPANTS AND THEIR DEPENDENTS; LIFE INSURANCE BENEFITS TO 2,317 PARTICIPANTS AND THEIR DEPENDENTS; REIMBURSEMENT OF MEDICARE PREMIUMS TO 660 PATICIPANTS AND THEIR DEPENDENTS; VACATION AND HOLIDAY BENEFITS TO 1,319 PARTICIPANTS AND LEGAL REIMBURSEMENT BENEFIT TO 2,037 PARTICPANTS AND THEIR DEPENDENTS. THERE WERE NO SUPPLEMENTAL INCOME BENEFITS PROVIDED TO PLAN PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Elise Dixon
Fund Manager
$61,746
Darryl Tunnage
Former Trust
$16,854
Eugene Dixon
Trustee
$15,854
Anthony Gross
Trustee
$15,854
Terrence Smith
Former Trust
$15,854
Torin Ragin
Trustee
$12,854

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$22,888,195
Investment income $12,634
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$27,063
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,975,135

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