Mfow Pma Welfare Fund
- Assets
- $14.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 3
- Location
- San Francisco, CA
- Founding
- 10/1951
- Data as of
- 01/2022
- EIN
- 94-1254186
Organization Overview
Mfow Pma Welfare Fund is located in San Francisco, CA. The organization was established in 1951. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 01/2022, Mfow Pma Welfare Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mfow Pma 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 01/2022, Mfow Pma Welfare Fund generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.9m during the year ending 01/2022. While expenses have increased by 3.7% 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
PROVIDE HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COMPREHENSIVE HEALTH CARE BENEFITS TO ACTIVE AND RETIRED EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS REPRESENTED BY THE MARINE FIREMEN'S UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Poplawski Trustee | Trustee | 0.4 | $0 |
Thomas Percival Trustee | Trustee | 0.4 | $0 |
Matthew Tucker Trustee | Trustee | 0.4 | $0 |
John Dragone Trustee-Past | Trustee | 0.4 | $0 |
Deyne Umphress Trustee | Trustee | 0.4 | $0 |
See Schedule O For Compensation Paid By Related Organizations | Trustee | 1 | $0 |
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 | $5,609,306 |
| Investment income | $243,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,796,696 |
| 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 | $5,124,574 |
| 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 | $189,645 |
| Pension plan accruals and contributions | $43,499 |
| Other employee benefits | $67,470 |
| Payroll taxes | $19,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,403 |
| Fees for services: Accounting | $28,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,565 |
| Fees for services: Other | $239,847 |
| Advertising and promotion | $0 |
| Office expenses | $13,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,568 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,999 |
| All other expenses | $0 |
| Total functional expenses | $5,915,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,226 |
| Savings and temporary cash investments | $754,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $514,176 |
| 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 | $13,006,640 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,147 |
| Total assets | $14,543,006 |
| Accounts payable and accrued expenses | $296,000 |
| 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 | $2,241,250 |
| Total liabilities | $2,537,250 |
| 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 | $12,005,756 |
| Total liabilities and net assets/fund balances | $14,543,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles City Employees Assoc Los Angeles, CA | $3,929,148 | $17,394,043 |
Clark County Firefighters Union Las Vegas, NV | $43,051,788 | $17,162,626 |
Elk Grove Benefits Employee Retirement Trust Elk Grove, CA | $203,519,150 | $24,003,210 |
Las Vegas Firefighters Health & Welfare Trust Las Vegas, NV | $20,225,951 | $14,905,602 |
Public Employee Benefit Tr Of Ca Glendale, CA | $33,411 | $11,074,985 |
Sheriffs Relief Assn Of Los Angeles County Whittier, CA | $56,773,839 | $4,943,201 |
Las Vegas Metropolitan Police Mang & Superv Assn Employee Benefit Tr Las Vegas, NV | $77,184,060 | $8,045,908 |
Lgbt Benefit Plan Trust Glendale, CA | $81,116 | $7,385,991 |
Chp 11 99 Foundation Costa Mesa, CA | $82,792,052 | $11,625,732 |
Mfow Pma Welfare Fund San Francisco, CA | $14,543,006 | $5,796,696 |
Oea Choice Welfare Trust Tigard, OR | $81,134,339 | $4,340,549 |
Montebello Teachers Association Retiree Supplemental Health Plan Montebello, CA | $21,889,268 | $3,492,158 |