Santa Monica Unite Here Health Benefit Plan is located in Los Angeles, CA. The organization was established in 1957. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Monica Unite Here Health Benefit Plan 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, Santa Monica Unite Here Health Benefit Plan generated $108.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $95.9m during the year ending 12/2021. While expenses have increased by 19.5% 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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Yohanys Lamas Castro Trustee | Trustee | 1 | $0 |
Teri Serrano Trustee | Trustee | 1 | $0 |
Austin Lynch Trustee | Trustee | 1 | $0 |
Tom Walsh Garcia Trustee | Trustee | 1 | $0 |
Kurt Petersen Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Benefit Programs Administration Administration Fees | 12/30/21 | $1,289,871 |
Schwartz Steinsapir Dohrmann So Legal | 12/30/21 | $472,280 |
Local 11 Unite Herelocal 11 Afl-ci Admin Srvc Reimb | 12/30/21 | $500,928 |
Design Benefit Administrators Claims Admin Fees | 12/30/21 | $145,000 |
Rael Letson Consulting Fees | 12/30/21 | $127,413 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $24,603,838 |
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 | $24,603,838 |
Total Program Service Revenue | $78,175,902 |
Investment income | $2,207,754 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,946,772 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $108,535,750 |
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 | $92,786,354 |
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 | $1,935,799 |
Fees for services: Legal | $472,280 |
Fees for services: Accounting | $49,238 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $74,177 |
Fees for services: Other | $127,413 |
Advertising and promotion | $0 |
Office expenses | $418,922 |
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 | $1,065 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $24,890 |
All other expenses | $0 |
Total functional expenses | $95,918,186 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $680,407 |
Savings and temporary cash investments | $14,267,023 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,499,811 |
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 | $18,472 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $58,091,520 |
Investments—other securities | $3,917,984 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $90,475,217 |
Accounts payable and accrued expenses | $461,162 |
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 | $24,896,267 |
Total liabilities | $25,357,429 |
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 | $65,117,788 |
Total liabilities and net assets/fund balances | $90,475,217 |