Contitech Usa Inc Supp Benefits Trust
- Assets
- $395.1k
- Revenue
- $272.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairlawn, OH
- Founding
- 10/2009
- Data as of
- 12/2021
- EIN
- 65-1314801
Organization Overview
Contitech Usa Inc Supp Benefits Trust is located in Fairlawn, OH. The organization was established in 2009. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, 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. Contitech USA Inc Supp Benefits Trust is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 12/2021, Contitech USA Inc Supp Benefits Trust generated $272.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $477.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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 SUPPLEMENTAL UNEMPLOYMENT BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE CONTITECH USA, INC. SUPPLEMENTAL BENEFITS TRUST IS THE PROVISION OF FUNDS TO PAY SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE EMPLOYEES OF CONTITECH USA, INC. PURSUANT TO THE TERMS OF THE SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN ESTABLISHED BETWEEN THE COMPANY AND THE UNITED STEELWORKERS OF AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Rogers Benefit Committee Member | Trustee | 1 | $0 |
Jim Wegner Benefit Committee Member | Trustee | 1 | $0 |
Jenter Bahne Benefit Committee Member | Trustee | 1 | $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 | $271,972 |
| Investment income | $149 |
| 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 | $272,121 |
| 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 | $470,903 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,500 |
| Total functional expenses | $477,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $395,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,140 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $395,140 |
| Total liabilities and net assets/fund balances | $395,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bank Of New York Mellon Corporation Supplemental Unemploye Pittsburgh, PA | $0 | $48,000,088 |
Anthem Supplemental Unemployment Benefit Tr Indianapolis, IN | $374,093 | $14,195,196 |
Harris Financial Corp Bmo Us Sub Tr Pittsburgh, PA | $190,238 | $10,868,764 |
United States Steel Corporation Supplemental Unemployment Benefit Pittsburgh, PA | $53,020 | $10,431,937 |
Builders And Contractorssupplemental Unemployment Benefit T Byron Center, MI | $4,670,591 | $7,439,050 |
Northampton County Workers Compensation Trust Easton, PA | $4,739,025 | $957,970 |
501 Alliance Taylor, MI | $41,782,776 | $5,172,296 |
Fnb Corporation Supplemental Unemployment Benefits Tr Pittsburgh, PA | $0 | $1,398,783 |
Ibew Local 665 Supplemental Unemployment Benefit Fund Lansing, MI | $3,113,733 | $927,603 |
Unisys Supplemental Unemployment Benefits Plan Trust Pittsburgh, PA | $75,778 | $900,104 |
Contitech Usa Inc Supp Benefits Trust Fairlawn, OH | $395,140 | $272,121 |
Matthews International Corporation Supplemental Unemployment Benefit Pittsburgh, PA | $0 | $465,597 |