San Francisco Culinary Bartenders & Service Employees Welfare Fund
- Assets
- $83.9m
- Revenue
- $144.9m
- Investments
- $4.1m
- Employees
- 13
- Location
- Pleasanton, CA
- Founding
- 12/1968
- Data as of
- 03/2023
- EIN
- 94-1645611
Organization Overview
San Francisco Culinary Bartenders & Service Employees Welfare Fund is located in Pleasanton, CA. The organization was established in 1968. 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 03/2023, San Francisco Culinary Bartenders & Service Employees Welfare Fund employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Culinary Bartenders & Service Employees 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 03/2023, San Francisco Culinary Bartenders & Service Employees Welfare Fund generated $144.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $141.7m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. 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 CARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION & EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Rush Employee | 40 | $110,000 | |
Anand Singh Trustee | Trustee | 5 | $0 |
Michael Casey Chairman | OfficerTrustee | 5 | $0 |
Ian Lewis Trustee | Trustee | 5 | $0 |
Kim Wirshing Trustee | Trustee | 5 | $0 |
Douglas Cornford Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rael Letson Consulting | 3/30/23 | $123,450 |
Leonard Carder Llp Legal | 3/30/23 | $115,651 |
Northwest Administrators Inc Plan Administration | 3/30/23 | $713,135 |
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 | $143,847,793 |
| Investment income | $1,576,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$560,046 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,864,098 |
| 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 | $139,145,605 |
| 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 | $378,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $713,135 |
| Fees for services: Legal | $55,434 |
| Fees for services: Accounting | $38,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,862 |
| Fees for services: Other | $427,663 |
| Advertising and promotion | $0 |
| Office expenses | $11,431 |
| Information technology | $91,875 |
| Royalties | $0 |
| Occupancy | $31,180 |
| 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 | $22,176 |
| All other expenses | $65,738 |
| Total functional expenses | $141,678,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,856 |
| Savings and temporary cash investments | $22,390,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,337,098 |
| 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 | $56,488 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,881,404 |
| Investments—other securities | $4,070,922 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $482,545 |
| Total assets | $83,902,080 |
| Accounts payable and accrued expenses | $10,079,553 |
| 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 | $20,905,127 |
| Total liabilities | $30,984,680 |
| 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 | $52,917,400 |
| Total liabilities and net assets/fund balances | $83,902,080 |