Associated Builders & Contractors Northern Ca Chptr Benefit Tr Fund
- Assets
- $6.5m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Livermore, CA
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 94-3378739
Organization Overview
Associated Builders & Contractors Northern Ca Chptr Benefit Tr Fund is located in Livermore, CA. The organization was established in 2001. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Builders & Contractors Northern CA Chptr Benefit Tr Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Associated Builders & Contractors Northern CA Chptr Benefit Tr Fund generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $13.0m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 9 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 BENEFITS FOR PARTICIPANTS AND THEIR COVERED DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION PROVIDED MEDICAL, DENTAL, VISION, LIFE, AND EMPLOYEE ASSISTANCE PROGRAM (EAP) BENEFITS TO APPROXIMATELY 1,439 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Mcguire Chair & Trustee | OfficerTrustee | 1 | $0 |
Matt Snyder Secretary & Trustee | OfficerTrustee | 1 | $0 |
Eric Vasey Trustee | Trustee | 1 | $0 |
Erica Gentry Trustee | Trustee | 1 | $0 |
Kate Weiland Trustee | Trustee | 1 | $0 |
Deborah Maus President (thru 7/2023) | Officer | 3 | $10,019 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hub International Insurance Services Inc Master Broker | 12/30/23 | $659,790 |
Fringe Benefit Group Tpa | 12/30/23 | $385,071 |
Garofolo & Ramsdell Llp Legal Fees | 12/30/23 | $138,315 |
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 | $13,463,332 |
| Investment income | $65,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,528,534 |
| 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 | $11,456,490 |
| Compensation of current officers, directors, key employees. | $11,047 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,610 |
| Pension plan accruals and contributions | $364 |
| Other employee benefits | $1,315 |
| Payroll taxes | $2,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $162,372 |
| Fees for services: Accounting | $47,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,094 |
| Fees for services: Other | $35 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,074 |
| Royalties | $0 |
| Occupancy | $17,314 |
| Travel | $3,955 |
| 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 | $1,324 |
| Insurance | $25,413 |
| All other expenses | $7,678 |
| Total functional expenses | $13,003,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,764 |
| Savings and temporary cash investments | $329,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,578 |
| 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 | $3,379,500 |
| Net Land, buildings, and equipment | $441 |
| Investments—publicly traded securities | $2,048,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $124 |
| Total assets | $6,455,261 |
| Accounts payable and accrued expenses | $425,644 |
| 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 | $854,819 |
| Total liabilities | $1,280,463 |
| 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 | $5,174,798 |
| Total liabilities and net assets/fund balances | $6,455,261 |