Ufcw & Employers Benefit Trust Fund
- Assets
- $525.8m
- Revenue
- $559.7m
- Investments
- $118.6m
- Employees
- 9,127
- Location
- Concord, CA
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 94-6078804
Organization Overview
Ufcw & Employers Benefit Trust Fund is located in Concord, CA. The organization was established in 1988. 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 12/2021, Ufcw & Employers Benefit Trust Fund employed 9,127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ufcw & Employers Benefit Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Ufcw & Employers Benefit Trust Fund generated $559.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $540.8m during the year ending 12/2021. 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
2021
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 40,907 ELIGIBLE PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacques S Loveall Chair | OfficerTrustee | 5 | $0 |
Frank Jorgensen Secretary | OfficerTrustee | 5 | $0 |
Tara Locaso Trustee | Trustee | 5 | $0 |
Kevin Sears Trustee | Trustee | 5 | $0 |
Joseph Ambrosi Trustee | Trustee | 5 | $0 |
John Frahm Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ufcw Group Administration Llc Contract Administrator | 12/30/21 | $17,230,232 |
Blue Shield Of California Healthcare Administration | 12/30/21 | $3,917,300 |
Medexpert International Inc Healthcare Administration | 12/30/21 | $1,605,270 |
Elixir Healthcare Administration | 12/30/21 | $933,740 |
Horizon Actuarial Services Llc Healthcare Administration | 12/30/21 | $600,177 |
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 | $533,121,984 |
| Investment income | $6,010,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,395,525 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,658,551 |
| 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 | $505,537,515 |
| 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 | $17,230,232 |
| Fees for services: Legal | $1,325,795 |
| Fees for services: Accounting | $631,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,704,678 |
| Fees for services: Other | $2,674,345 |
| Advertising and promotion | $0 |
| Office expenses | $1,804,751 |
| 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 | $5,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $126,827 |
| All other expenses | $123 |
| Total functional expenses | $540,791,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,756,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,244,617 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $251,072,615 |
| Investments—other securities | $118,609,316 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,113,827 |
| Total assets | $525,821,847 |
| Accounts payable and accrued expenses | $658,381 |
| 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 | $108,734,481 |
| Total liabilities | $109,392,862 |
| 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 | $416,428,985 |
| Total liabilities and net assets/fund balances | $525,821,847 |