Motion Picture H&w Fund
- Assets
- $1.2b
- Revenue
- $894.8m
- Investments
- $0.0
- Employees
- 340
- Location
- Studio City, CA
- Founding
- 02/1954
- Data as of
- 12/2023
- EIN
- 95-6042583
Organization Overview
Motion Picture H&w Fund is located in Studio City, CA. The organization was established in 1954. 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, Motion Picture H&w Fund employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motion Picture H&w 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, Motion Picture H&w Fund generated $894.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.1b during the year ending 12/2023. While expenses have increased by 5.9% 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 ADMINISTER HEALTH BENEFITS TO PARTICIPANTS WHO QUALIFY FOR SUCH AS PER THE PLAN'S TRUST AGREEMENT AND COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER HEALTH BENEFITS TO PARTICIPANTS WHO QUALIFY FOR SUCH AS PER THE PLAN'S TRUST AGREEMENT AND COLLECTIVE BARGAINING AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Employee 1185 CEO | Officer | 26 | $311,485 |
Employee 1195 CFO | Officer | 16 | $167,186 |
Employee 1131 Cio | Officer | 20 | $163,809 |
Employee 1124 Chief Officer, Hr | 27 | $195,148 | |
Employee 1243 Sr Dir - Ops & Benefits | 38 | $251,425 | |
Employee 1222 Chief Medical Officer | Officer | 40 | $263,726 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nigro Karlin Segal Feldstein Boln Audit | 12/30/23 | $2,185,476 |
Lockton Insurance Brokers Llc Insurance Broker | 12/30/23 | $1,871,773 |
Miller Kaplan Arase Llp Audit | 12/30/23 | $1,247,679 |
Cheiron Inc Actuary | 12/30/23 | $1,138,116 |
Nth Generation It Vendor | 12/30/23 | $1,045,597 |
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 | $868,184,730 |
| Investment income | $39,737,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,304,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $894,753,428 |
| 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 | $1,074,378,371 |
| Compensation of current officers, directors, key employees. | $906,206 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,618,963 |
| Pension plan accruals and contributions | $1,765,018 |
| Other employee benefits | $2,662,073 |
| Payroll taxes | $1,202,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120,637 |
| Fees for services: Accounting | $3,803,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,844,219 |
| Fees for services: Other | $2,303,497 |
| Advertising and promotion | $0 |
| Office expenses | $130,305 |
| Information technology | $5,714,394 |
| Royalties | $0 |
| Occupancy | $2,298,055 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $450,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,216,725 |
| All other expenses | $3,781,144 |
| Total functional expenses | $1,121,657,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,299,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,668,290 |
| 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 | $1,892,584 |
| Net Land, buildings, and equipment | $22,994,859 |
| Investments—publicly traded securities | $934,957,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,189,812,737 |
| Accounts payable and accrued expenses | $15,796,502 |
| 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 | $947,647,484 |
| Total liabilities | $963,443,986 |
| 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 | $226,368,751 |
| Total liabilities and net assets/fund balances | $1,189,812,737 |