California Service Employees Health And Welfare Trust Fund is located in Brisbane, CA. The organization was established in 1955. 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 04/2022, California Service Employees Health And Welfare Trust Fund employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Service Employees Health And Welfare Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, California Service Employees Health And Welfare Trust Fund generated $124.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $116.4m during the year ending 04/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Vigil Health & Welfare Coordinator | 40 | $139,103 | |
Ray Nann Alternate Trustee | Trustee | 5 | $18,000 |
Charles Gilchrist Trustee-Past | Trustee | 5 | $18,000 |
Larry T Smith Trustee | Trustee | 5 | $18,000 |
James Altieri Alternate Trustee | Trustee | 0.5 | $16,500 |
David Huerta Trustee | Trustee | 0.3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Building Skills Partnership Program Activities | 4/29/22 | $218,829 |
Lindquist Llp Accounting Services | 4/29/22 | $242,704 |
Mcmorgan Company Consulting | 4/29/22 | $201,119 |
Northwest Administrators' Inc Consulting | 4/29/22 | $756,200 |
Segal Consulting Consulting | 4/29/22 | $115,446 |
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 | $119,657,136 |
Investment income | $3,899,481 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,047,747 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $124,604,364 |
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 | $113,209,774 |
Compensation of current officers, directors, key employees. | $235,641 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $436,180 |
Pension plan accruals and contributions | $126,947 |
Other employee benefits | $113,625 |
Payroll taxes | $48,221 |
Fees for services: Management | $781,555 |
Fees for services: Legal | $156,581 |
Fees for services: Accounting | $210,502 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $300,521 |
Fees for services: Other | $480,001 |
Advertising and promotion | $0 |
Office expenses | $118,237 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $25,920 |
Travel | $222 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,770 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $138,296 |
All other expenses | $3,572 |
Total functional expenses | $116,388,565 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $321,188 |
Savings and temporary cash investments | $16,076,131 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,700,000 |
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 | $110,938,065 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $472,242 |
Total assets | $141,507,626 |
Accounts payable and accrued expenses | $172,531 |
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 | $22,813,000 |
Total liabilities | $22,985,531 |
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 | $118,522,095 |
Total liabilities and net assets/fund balances | $141,507,626 |