Teamsters Miscellaneous Security Fund
- Assets
- $246.7m
- Revenue
- $225.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 08/1984
- Data as of
- 05/2022
- EIN
- 95-6060502
Organization Overview
Teamsters Miscellaneous Security Fund is located in Pasadena, CA. The organization was established in 1984. 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. Teamsters Miscellaneous Security Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Teamsters Miscellaneous Security Fund generated $225.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $212.6m during the year ending 05/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELIGIBLE PARTICIPANTS AND ELIGIBLE DEPENDENTS MEDICAL, DEATH, MENTAL HEALTH AND WELFARE BENEFITS IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELIGIBLE PARTICIPANTS AND ELIGIBLE DEPENDENTS MEDICAL, DEATH, MENTAL HEALTH AND WELFARE BENEFITS IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bergen Chairman | Trustee | 0 | $0 |
Christopher Griswold Trustee | Trustee | 0 | $0 |
Tom Lauer Trustee | Trustee | 0 | $0 |
Mike Pharris Trustee | Trustee | 0 | $0 |
Sean Harren Trustee | Trustee | 0 | $0 |
Felix Serna Secretary | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northwest Administrator Inc Contract Admin | 5/30/22 | $6,375,087 |
Liberty Dental Plan Of California Dental Admin | 5/30/22 | $327,133 |
Reich Adell & Cvitan Legal Services | 5/30/22 | $204,811 |
Anthem Blue Cross Ppo | 5/30/22 | $308,259 |
Southwest Money Management Inc Consultant | 5/30/22 | $184,349 |
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 | $235,667,321 |
| Investment income | $2,350,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,099,881 |
| 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 | $204,393,886 |
| 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 | $6,190,588 |
| Fees for services: Legal | $289,660 |
| Fees for services: Accounting | $206,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,349 |
| Fees for services: Other | $998,049 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $5,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,585 |
| All other expenses | $1,043 |
| Total functional expenses | $212,628,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,433,367 |
| Savings and temporary cash investments | $35,885,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,103,705 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $174,434,052 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,872,234 |
| Total assets | $246,728,651 |
| Accounts payable and accrued expenses | $621,427 |
| 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 | $18,085,463 |
| Total liabilities | $18,706,890 |
| 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 | $228,021,761 |
| Total liabilities and net assets/fund balances | $246,728,651 |