Contitech Usa Inc Supp Benefits Trust
- Assets
- $416.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairlawn, OH
- Founding
- 10/2009
- Data as of
- 12/2023
- 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 12/2023, Contitech USA Inc Supp Benefits Trust generated $178.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $183.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
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 |
|---|---|---|---|
Ted Gossert Director | 1 | $0 | |
Angela Brown Assistant Treasurer | 1 | $0 | |
Wes Garber VP & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $155,182 |
| Membership dues | $0 |
| Investment income | $22,893 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178,075 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $177,060 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,500 |
| Total expenses | $183,560 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $416,619 |
| Other assets | $0 |
| Total assets | $416,619 |
| Total liabilities | $0 |
| Net assets or fund balances | $416,619 |