Southern California Ibew-Neca Health Trust Fund
- Assets
- $146.9m
- Revenue
- $128.9m
- Investments
- $37.0m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 12/1966
- Data as of
- 06/2021
- EIN
- 95-6140101
Organization Overview
Southern California Ibew-Neca Health Trust Fund is located in Pasadena, CA. The organization was established in 1966. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Southern California Ibew-Neca Health 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 06/2021, Southern California Ibew-Neca Health Trust Fund generated $128.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $132.8m during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 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 |
|---|---|---|---|
James M Willson Management Trustee | Trustee | 4 | $0 |
Jeff Davis Management Trustee | Trustee | 1 | $0 |
Sean Mckenna Management Trustee | Trustee | 1 | $0 |
Joel Barton Union Trustee | Trustee | 2 | $0 |
Gaylord Rusty Roten Union Trustee | Trustee | 3 | $0 |
Eric Brown Union Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sc Ibew-neca Admin Corp Administration Svcs | 6/29/21 | $2,995,537 |
Rael Letson Consultant | 6/29/21 | $194,546 |
Coast Benefits Inc Administrative Svcs | 6/29/21 | $392,760 |
Medexpert International Inc Health Consultant | 6/29/21 | $259,915 |
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 | $125,031,480 |
| Investment income | $6,703,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,473,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,851,965 |
| 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 | $129,016,989 |
| 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 | $2,995,081 |
| Fees for services: Legal | $83,254 |
| Fees for services: Accounting | $64,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,119 |
| Fees for services: Other | $470,802 |
| Advertising and promotion | $0 |
| Office expenses | $54,203 |
| 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 | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,820 |
| All other expenses | $0 |
| Total functional expenses | $132,796,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,045 |
| Savings and temporary cash investments | $1,535,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,848,257 |
| 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 | $22,068 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $92,312,468 |
| Investments—other securities | $37,011,201 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,900,015 |
| Accounts payable and accrued expenses | $10,099,025 |
| 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 | $89,313,714 |
| Total liabilities | $99,412,739 |
| 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 | $47,487,276 |
| Total liabilities and net assets/fund balances | $146,900,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Schools Voluntary Employees Benefits Assoc San Diego, CA | $183,534,319 | $919,105,914 |
Californias Valued Trust Fresno, CA | $240,185,223 | $775,584,606 |
Ccpoa Insurance Division Trust Sacramento, CA | $257,150,998 | $347,227,931 |
Los Angeles Police Relief Association Inc Los Angeles, CA | $220,452,514 | $268,762,188 |
Teachers Health Trust Las Vegas, NV | $83,729,755 | $178,689,748 |
Cahp Health Benefits Trust Sacramento, CA | $174,128,495 | $195,508,787 |
Southern California Ibew-Neca Health Trust Fund Pasadena, CA | $146,900,015 | $128,851,965 |
School District 1 Health & Welfare Trust Fund Tualatin, OR | $35,939,491 | $102,437,300 |
Los Angeles Firemens Relief Association Los Angeles, CA | $301,793,711 | $126,355,681 |
Los Angeles County Fire Fighters Local 1014 El Monte, CA | $309,492,833 | $115,023,931 |
Metropolitan Employees Benefits Ass Ociation Trust San Diego, CA | $3,014,637 | $65,709,658 |
Producers Health Benefits Plan Raleigh Studios West Covina, CA | $31,226,794 | $35,763,235 |