Construction Industry & Laborers Health & Welfare Trust
- Assets
- $33.5m
- Revenue
- $24.2m
- Investments
- $3.6m
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 06/1964
- Data as of
- 12/2021
- EIN
- 88-6002912
Organization Overview
Construction Industry & Laborers Health & Welfare Trust is located in Las Vegas, NV. The organization was established in 1964. 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. Construction Industry & Laborers Health & Welfare 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, Construction Industry & Laborers Health & Welfare Trust generated $24.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $27.4m during the year ending 12/2021. While expenses have increased by 6.3% 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
TO PROVIDE HEALTH, ACCIDENT, LIFE AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, ACCIDENT, LIFE AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Rocca Patient Advocate | 40 | $124,683 | |
Thomas White Trustee | Trustee | 4 | $0 |
Marco Hernandez Trustee | Trustee | 4 | $0 |
Chelsy Torres Trustee | Trustee | 4 | $0 |
Ann Barnett Trustee | Trustee | 4 | $0 |
James Barker Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson-mcshane Adminstrator | 12/30/21 | $1,394,500 |
Brownstein Hyatt Farber Schreck Llp Legal | 12/30/21 | $219,727 |
Marathon Health Health Clinic | 12/30/21 | $1,742,862 |
7135 Sahara Llc Rent | 12/30/21 | $281,750 |
Berry Co Cpas Accounting | 12/30/21 | $168,899 |
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 | $21,210,600 |
| Investment income | $677,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,387,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,213,594 |
| 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 | $22,786,518 |
| 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 | $124,683 |
| Pension plan accruals and contributions | $65,623 |
| Other employee benefits | $29,914 |
| Payroll taxes | $9,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,208 |
| Fees for services: Accounting | $168,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,625 |
| Fees for services: Other | $1,469,500 |
| Advertising and promotion | $0 |
| Office expenses | $80,688 |
| 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 | $590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,527 |
| Insurance | $46,172 |
| All other expenses | $0 |
| Total functional expenses | $27,387,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,218,763 |
| Savings and temporary cash investments | $103,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,177,102 |
| 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 | $286,812 |
| Investments—publicly traded securities | $26,047,291 |
| Investments—other securities | $3,620,163 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,448 |
| Total assets | $33,468,298 |
| Accounts payable and accrued expenses | $233,281 |
| 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 | $12,089,970 |
| Total liabilities | $12,323,251 |
| 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 | $21,145,047 |
| Total liabilities and net assets/fund balances | $33,468,298 |