Joint Council Of Teamsters No 3 Health & Welfare Fund is located in Arvada, CO. The organization was established in 1958. 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. Joint Council Of Teamsters No 3 Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 02/2022, Joint Council Of Teamsters No 3 Health & Welfare Fund generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $6.1m during the year ending 02/2022. 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
2022
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
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kim Iszkun Trustee | Trustee | 1 | $0 |
Dana Rutz Trustee | Trustee | 1 | $0 |
Herb Whitaker Trustee | Trustee | 1 | $0 |
Brian Heimerl Chairman | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cigna Administrative | 2/27/22 | $119,141 |
Zenith American Solutions Administrative | 2/27/22 | $155,948 |
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 | $5,090,250 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $349,146 |
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 | $5,609,753 |
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 | $5,584,668 |
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 | $155,988 |
Fees for services: Legal | $30,280 |
Fees for services: Accounting | $24,932 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $92,334 |
Fees for services: Other | $170,954 |
Advertising and promotion | $0 |
Office expenses | $32,110 |
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 | $1,487 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,795 |
All other expenses | $0 |
Total functional expenses | $6,103,548 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$106,916 |
Savings and temporary cash investments | $1,565,908 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $112,152 |
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 | $4,553 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $7,630,551 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,206,248 |
Accounts payable and accrued expenses | $10,680 |
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 | $1,120,000 |
Total liabilities | $1,130,680 |
Net assets without donor restrictions | $8,075,568 |
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 | $9,206,248 |
Organization Name | Assets | Revenue |
---|---|---|
Ironworkers Health And Welfare Fund Salt Lake City, UT | $34,877,413 | $19,754,771 |
Health Care Trust Of Sundt Corp Tucson, AZ | $8,772,979 | $18,045,210 |
Colorado Laborers Health And Welfare Fund Aurora, CO | $54,174,853 | $17,945,375 |
Bancfirst Corporation Employees Benefit Trust Oklahoma City, OK | $5,938,053 | $16,220,093 |
Plumbers And Pipefitters Local Union No 286 Health And Welfare Fu Albuquerque, NM | $14,092,703 | $21,020,682 |
Omaha Firefighters Healthcare Trust Omaha, NE | $4,765,969 | $17,453,311 |
Cn Enterprises Health Plan Tr Ada, OK | $2,643,128 | $14,907,101 |
California Small Manufacturing Health & Welfare Trust Fund Phoenix, AZ | $1,823,412 | $14,976,558 |
Osma Health-Health Plans Oklahoma City, OK | $11,959,151 | $14,551,429 |
New Mexico Pipe Trades Health & Welfare Trust Fund Albuquerque, NM | $23,417,220 | $13,476,127 |
Harmons Employee Welfare Benefit Plan West Valley City, UT | $2,798,194 | $11,864,293 |
Gpha Employee Benefits Tr Wichita, KS | $5,667,091 | $12,753,935 |