Mfow Pma Welfare Fund
- Assets
- $14.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 5
- Location
- San Francisco, CA
- Founding
- 10/1951
- Data as of
- 01/2024
- 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 01/2024, Mfow Pma Welfare Fund employed 5 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 01/2024, Mfow Pma Welfare Fund generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $5.9m during the year ending 01/2024. While expenses have increased by 0.1% per year over the past 8 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
2024
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 President/secretary-Treasurer | OfficerTrustee | 0.4 | $0 |
Deyne Umphress Vice President | OfficerTrustee | 0.4 | $0 |
Michael Labonte Director | Trustee | 0.4 | $0 |
Danny Defanti Director | 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 | $5,722,212 |
| Investment income | $454,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,099,956 |
| 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 | $5,000,141 |
| 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 | $289,477 |
| Pension plan accruals and contributions | $68,400 |
| Other employee benefits | $82,622 |
| Payroll taxes | $24,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,440 |
| Fees for services: Accounting | $32,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,697 |
| Fees for services: Other | $262,801 |
| Advertising and promotion | $0 |
| Office expenses | $4,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,650 |
| 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 | $18,926 |
| All other expenses | $0 |
| Total functional expenses | $5,910,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,872 |
| Savings and temporary cash investments | $363,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $579,449 |
| 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 | $12,905,043 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,147 |
| Total assets | $14,010,643 |
| Accounts payable and accrued expenses | $104,250 |
| 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 | $2,322,000 |
| Total liabilities | $2,426,250 |
| 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 | $11,584,393 |
| Total liabilities and net assets/fund balances | $14,010,643 |