Automotive Industries Welfare Fund
- Assets
- $50.9m
- Revenue
- $56.0m
- Investments
- $0.0
- Employees
- 97
- Location
- Dublin, CA
- Founding
- 05/1971
- Data as of
- 12/2023
- EIN
- 94-6078226
Organization Overview
Automotive Industries Welfare Fund is located in Dublin, CA. The organization was established in 1971. 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 12/2023, Automotive Industries Welfare Fund employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automotive Industries 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 12/2023, Automotive Industries Welfare Fund generated $56.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $58.2m during the year ending 12/2023. 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 IN A MULTIEMPLOYER PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENTS IN A MULTIEMPLOYER PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Besocke Fund Manager | 40 | $180,327 | |
Don Crosatto Trustee | Trustee | 1 | $0 |
Stephen Mack Trustee - Term. 1/2023 | Trustee | 1 | $0 |
John Dibernardo Trustee - Term. 9/2023 | Trustee | 1 | $0 |
Rich Morales Trustee | Trustee | 1 | $0 |
Tom Dillon Co-Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Services Benefit Administr Administration | 12/30/23 | $1,251,724 |
Withumsmithbrown Pc Audit | 12/30/23 | $392,782 |
Anthem Blue Cross Claims Process | 12/30/23 | $189,081 |
The Segal Company Consulting | 12/30/23 | $143,976 |
Delta Dental Of California Claims Process | 12/30/23 | $129,711 |
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 | $56,238,207 |
| Investment income | $1,186,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,443,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,980,763 |
| 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 | $55,434,252 |
| 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 | $110,328 |
| Pension plan accruals and contributions | $25,667 |
| Other employee benefits | $15,614 |
| Payroll taxes | $7,445 |
| Fees for services: Management | $1,286,874 |
| Fees for services: Legal | $87,043 |
| Fees for services: Accounting | $364,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,430 |
| Fees for services: Other | $517,433 |
| Advertising and promotion | $0 |
| Office expenses | $119,522 |
| 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 | $26,878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $108,306 |
| All other expenses | $0 |
| Total functional expenses | $58,187,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,396,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,268,734 |
| 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 | $25,348 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $44,253,974 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,944,275 |
| Accounts payable and accrued expenses | $838,961 |
| 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 | $2,972,455 |
| Total liabilities | $3,811,416 |
| 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 | $47,132,859 |
| Total liabilities and net assets/fund balances | $50,944,275 |