Ibew Local 18 Health & Welfare Tr
- Assets
- $54.2m
- Revenue
- $167.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1996
- Data as of
- 06/2021
- EIN
- 95-7008736
Organization Overview
Ibew Local 18 Health & Welfare Tr is located in Los Angeles, CA. The organization was established in 1996. 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. Ibew Local 18 Health & Welfare Tr 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, Ibew Local 18 Health & Welfare Tr generated $167.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $161.9m during the year ending 06/2021. While expenses have increased by 5.1% 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 |
|---|---|---|---|
Gustavo Corona President | Trustee | 1 | $0 |
Brian D'arcy Chairman | Trustee | 1 | $0 |
Rafael Lopez Trustee | Trustee | 1 | $0 |
Bruce Untiedt Trustee - Past | Trustee | 1 | $0 |
Lilly Calvache Treasurer | Trustee | 1 | $0 |
Marco Jimenez Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Service Center Administrative Fees | 6/29/21 | $1,033,361 |
Miller Kaplan Arase Llp Auditing Services | 6/29/21 | $108,460 |
Wells Fargo Advisors Investment Manager | 6/29/21 | $223,034 |
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 | $164,100,828 |
| Investment income | $930,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,269,320 |
| 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 | $160,055,833 |
| 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 | $254,842 |
| Pension plan accruals and contributions | $54,096 |
| Other employee benefits | $56,543 |
| Payroll taxes | $19,261 |
| Fees for services: Management | $1,042,123 |
| Fees for services: Legal | $310 |
| Fees for services: Accounting | $128,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $245,693 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,344 |
| Information technology | $1,024 |
| Royalties | $0 |
| Occupancy | $36,812 |
| Travel | $1,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,883 |
| All other expenses | $4,135 |
| Total functional expenses | $161,930,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,603 |
| Savings and temporary cash investments | $17,794,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,480,562 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $945,471 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,635 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $32,707,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,226,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $26,661,361 |
| 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 | $245,215 |
| Total liabilities | $26,906,576 |
| 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 | $27,319,552 |
| Total liabilities and net assets/fund balances | $54,226,128 |