Memphis Construction Benefit Fund
- Assets
- $6.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Goodlettsville, TN
- Founding
- 03/1975
- Data as of
- 12/2021
- EIN
- 62-0933920
Organization Overview
Memphis Construction Benefit Fund is located in Goodlettsville, TN. The organization was established in 1975. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Memphis Construction Benefit Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Construction Benefit 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, Memphis Construction Benefit Fund generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 6.2% 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
PROVISION OF BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Coomes Trustee | Trustee | $0 | |
James K Estabrook Trustee | Trustee | $0 | |
David W Sink Jr Secretary | Trustee | $0 | |
Brandon Osbahr Chairman | Trustee | $0 | |
Don White Trustee | Trustee | $0 | |
Frank A Rodgers Trustee | Trustee | $0 |
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 | $2,166,130 |
| Investment income | -$9,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,000,940 |
| 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 | $2,224,586 |
| 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 | $1,043 |
| Fees for services: Management | $68,400 |
| Fees for services: Legal | $17,284 |
| Fees for services: Accounting | $20,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,755 |
| Fees for services: Other | $96,170 |
| Advertising and promotion | $0 |
| Office expenses | $9,349 |
| 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 | $693 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $140,945 |
| All other expenses | $3,068 |
| Total functional expenses | $2,717,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,258 |
| Savings and temporary cash investments | $88,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,051,929 |
| 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 | $12,855 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,610,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,890,187 |
| Accounts payable and accrued expenses | $1,224,330 |
| 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 | $1,224,330 |
| Net assets without donor restrictions | $5,665,857 |
| 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 | $6,890,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Engineering Consulting Services Ltd Employee Benefit Plan Chantilly, VA | $4,513,025 | $18,551,401 |
W G Yates & Sons Construction Co & Affl Companies Emplyees Med Ben Pl Philadelphia, MS | $374,510 | $14,283,332 |
Korean-American Scientists And Engineers Association Inc Vienna, VA | $6,537,629 | $2,065,425 |
Ductile Iron Pipe Research Assn Birmingham, AL | $1,195,921 | $5,407,671 |
Construction Management Association Of America Inc Vienna, VA | $4,152,248 | $4,606,316 |
Memphis Construction Benefit Fund Goodlettsville, TN | $6,890,187 | $3,000,940 |
American Society For Concrete Construction St Louis, MO | $1,403,321 | $1,660,151 |
American Council Of Engineering Companies Of Ga Atlanta, GA | $798,765 | $1,642,968 |
Cagc Foundation Inc Charlotte, NC | $1,104,041 | $1,397,403 |
American Society Of Naval Engineers Alexandria, VA | $2,368,280 | $1,106,089 |
American Council Of Engineering Companies Of North Carolina Raleigh, NC | $315,083 | $1,205,507 |
Engineers & Surveyors Institute Chantilly, VA | $2,267,310 | $1,117,979 |