Ufcw Comprehensive Benefits Trust
- Assets
- $12.8m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 671
- Location
- Concord, CA
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 82-2616834
Organization Overview
Ufcw Comprehensive Benefits Trust is located in Concord, CA. The organization was established in 2019. 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 12/2021, Ufcw Comprehensive Benefits Trust employed 671 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ufcw Comprehensive Benefits Trust 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, Ufcw Comprehensive Benefits Trust generated $28.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $29.7m during the year ending 12/2021. While expenses have increased by 24.8% per year over the past 4 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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 1,879 ELIGIBLE PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Sears Secretary | OfficerTrustee | 5 | $0 |
Jacques S Loveall Chairman | OfficerTrustee | 5 | $0 |
Doreen Dorraugh Trustee | Trustee | 5 | $0 |
Kirk L Vogt Trustee | Trustee | 5 | $0 |
John Heise Trustee | Trustee | 5 | $0 |
John Frahm Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ufcw Group Administration Llc Contract Administrator | 12/30/21 | $873,147 |
Blue Shield Of California Healthcare Administration | 12/30/21 | $267,814 |
Eide Bailly Llp Audit And Compliance | 12/30/21 | $111,835 |
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 | $28,570,224 |
| Investment income | $9,076 |
| 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 | $28,579,984 |
| 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 | $27,815,183 |
| 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 | $873,147 |
| Fees for services: Legal | $136,220 |
| Fees for services: Accounting | $111,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $750 |
| Fees for services: Other | $180,114 |
| Advertising and promotion | $0 |
| Office expenses | $108,872 |
| 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 | $1,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,300 |
| All other expenses | $0 |
| Total functional expenses | $29,703,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,017,337 |
| Savings and temporary cash investments | $5,031,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,303,545 |
| 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 | $476,956 |
| Total assets | $12,829,384 |
| Accounts payable and accrued expenses | $85,024 |
| 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 | $7,487,484 |
| Total liabilities | $7,572,508 |
| 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 | $5,256,876 |
| Total liabilities and net assets/fund balances | $12,829,384 |