The Tile Industry Health & Welfare Fund
- Assets
- $25.3m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 12
- Location
- West Covina, CA
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 95-1734798
Organization Overview
The Tile Industry Health & Welfare Fund is located in West Covina, CA. The organization was established in 1966. 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, Tile Industry Health & Welfare Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tile Industry Health & 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 12/2021, Tile Industry Health & Welfare Fund generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $9.9m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivien Gallup Trustee | Trustee | 1 | $0 |
Lupe Aldaco Jr Trustee | Trustee | 1 | $0 |
Pete Gerber Trustee | Trustee | 1 | $0 |
George Ballantyne Trustee | Trustee | 1 | $0 |
Joel Rehome Trustee | Trustee | 1 | $0 |
Stephen Person Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benesys Administrators Contract Admin. | 12/30/20 | $141,593 |
Kennedy Law Firm Legal Services | 12/30/20 | $102,561 |
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 | $10,980,285 |
| Investment income | $513,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,688,223 |
| 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 | $9,376,297 |
| 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 | $147,235 |
| Fees for services: Legal | $114,158 |
| Fees for services: Accounting | $66,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,571 |
| Fees for services: Other | $40,800 |
| Advertising and promotion | $0 |
| Office expenses | $27,766 |
| 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 | $2,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,284 |
| All other expenses | $37,623 |
| Total functional expenses | $9,924,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,672 |
| Savings and temporary cash investments | $6,959,407 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $830,502 |
| 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 | $8,677 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,477,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,271,628 |
| Accounts payable and accrued expenses | $56,956 |
| 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 | $6,682,245 |
| Total liabilities | $6,739,201 |
| 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 | $18,532,427 |
| Total liabilities and net assets/fund balances | $25,271,628 |