Cement Masons Health & Welfare Trust Fund For Northern California
- Assets
- $81.2m
- Revenue
- $39.2m
- Investments
- $45.0m
- Employees
- 0
- Location
- Alameda, CA
- Founding
- 02/1955
- Data as of
- 08/2023
- EIN
- 94-1291152
Organization Overview
Cement Masons Health & Welfare Trust Fund For Northern California is located in Alameda, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement Masons Health & Welfare Trust Fund For Northern California is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2023, Cement Masons Health & Welfare Trust Fund For Northern California generated $39.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $40.9m during the year ending 08/2023. While expenses have increased by 4.3% 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
2023
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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 3,086 ELIGIBLE PARTICIPANTS ACCORDING TO THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE EMPLOYERS AND THE UNION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gardner Chairman | OfficerTrustee | 5 | $0 |
Shawn Barnes Trustee | Trustee | 5 | $0 |
Jenna Carlson Trustee | Trustee | 5 | $0 |
Andrew Vasconi Trustee | Trustee | 5 | $0 |
Greg Levy Co Chairman | OfficerTrustee | 5 | $0 |
Jeff Patton Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solution Contract Admin | 8/30/23 | $384,022 |
The Segal Company Professional | 8/30/23 | $378,763 |
Northern California Cement Masons Fund Contract Admin | 8/30/23 | $324,654 |
Health Services & Benefit Administrators Professional | 8/30/23 | $274,500 |
Eide Bailly Llp Professional | 8/30/23 | $114,999 |
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 | $38,636,266 |
| Investment income | $1,478,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$868,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,245,893 |
| 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 | $38,764,522 |
| 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 | $983,176 |
| Fees for services: Legal | $206,155 |
| Fees for services: Accounting | $116,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $173,885 |
| Fees for services: Other | $432,615 |
| Advertising and promotion | $0 |
| Office expenses | $106,255 |
| 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 | $1,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,296 |
| All other expenses | $3,278 |
| Total functional expenses | $40,887,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,256,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,009,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,494 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,990,669 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,931,545 |
| Total assets | $81,233,777 |
| Accounts payable and accrued expenses | $5,187,366 |
| 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 | $14,663,123 |
| Total liabilities | $19,850,489 |
| 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 | $61,383,288 |
| Total liabilities and net assets/fund balances | $81,233,777 |