Roofers Union Local 221 Health & Welfare Trust Fund
- Assets
- $5.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 12/1965
- Data as of
- 06/2023
- EIN
- 99-6006907
Organization Overview
Roofers Union Local 221 Health & Welfare Trust Fund is located in Honolulu, HI. The organization was established in 1965. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roofers Union Local 221 Health & Welfare 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 06/2023, Roofers Union Local 221 Health & Welfare Trust Fund generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 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
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYEES COVERED BY THE COLLECTIVE BARGAINING AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDED HEALTH AND WELFARE BENEFITS TO EMPLOYEES COVERED BY THE COLLECTIVE BARGAINING AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Ai Trustee/co-Chairman | OfficerTrustee | 1 | $0 |
Vaughn Chong Trustee/co-Chairman | OfficerTrustee | 1 | $0 |
Enrique Subiono Trustee/secretary | OfficerTrustee | 0.1 | $0 |
Tim Lyons Trustee | Trustee | 0.1 | $0 |
Fred Kaohe Jr Alternate Trustee | Trustee | 0.1 | $0 |
Steve Robidoux Trustee | Trustee | 0.1 | $0 |
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 | $2,514,344 |
| Investment income | $119,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,596,892 |
| 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 | $2,422,071 |
| 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 | $150,800 |
| Fees for services: Legal | $7,933 |
| Fees for services: Accounting | $20,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,616 |
| Fees for services: Other | $31,803 |
| Advertising and promotion | $0 |
| Office expenses | $6,610 |
| Information technology | $2,200 |
| 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 | $1,492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,361 |
| All other expenses | $0 |
| Total functional expenses | $2,664,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,498 |
| Savings and temporary cash investments | $844,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,397 |
| 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 | $751 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,236,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,410 |
| Total assets | $5,470,981 |
| Accounts payable and accrued expenses | $18,610 |
| 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 | $1,845,387 |
| Total liabilities | $1,863,997 |
| 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 | $3,606,984 |
| Total liabilities and net assets/fund balances | $5,470,981 |