Iron Workers District Council Of Tenn Valley & Vicinity Welfare Pla
- Assets
- $52.5m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 08/1959
- Data as of
- 12/2023
- EIN
- 62-0588259
Organization Overview
Iron Workers District Council Of Tenn Valley & Vicinity Welfare Pla is located in Goodlettsville, TN. The organization was established in 1959. 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. Iron Workers District Council Of Tenn Valley & Vicinity Welfare Pla is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Iron Workers District Council Of Tenn Valley & Vicinity Welfare Pla generated $19.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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
PROVIDE HEALTH, DENTAL, VISION, DEATH, AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, DENTAL, VISION, DEATH, AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J David Beckler Trustee | Trustee | 2 | $0 |
Jacen Davidson Trustee | Trustee | 2 | $0 |
Keith Hopper Trustee | Trustee | 2 | $0 |
Jack Jarrell Chairman | OfficerTrustee | 2 | $0 |
Sean-Paul Kimball Trustee | Trustee | 2 | $0 |
Jeb Miles Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Umr Ppo | 12/30/23 | $451,599 |
Southern Benefit Administrators Thrid Party Adm | 12/30/23 | $361,500 |
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 | $13,727,336 |
| Investment income | $5,472,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$244,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,774,208 |
| 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 | $7,027,797 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,794 |
| Fees for services: Management | $337,500 |
| Fees for services: Legal | $33,006 |
| Fees for services: Accounting | $22,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,013 |
| Fees for services: Other | $24,000 |
| Advertising and promotion | $0 |
| Office expenses | $17,636 |
| 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 | $1,818 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $453,956 |
| All other expenses | $14,141 |
| Total functional expenses | $9,063,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,783,571 |
| Savings and temporary cash investments | $1,542,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,917,153 |
| 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 | $8,776 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $47,278,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,530,696 |
| Accounts payable and accrued expenses | $266,477 |
| 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 | $4,957,852 |
| Total liabilities | $5,224,329 |
| Net assets without donor restrictions | $47,306,367 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $52,530,696 |