Local 481 Iatse Health And Welfare Fund
- Assets
- $239.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 12/2000
- Data as of
- 03/2022
- EIN
- 04-6919304
Organization Overview
Local 481 Iatse Health And Welfare Fund is located in Woburn, MA. The organization was established in 2000. 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. Local 481 Iatse Health And Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2022, Local 481 Iatse Health And Welfare Fund generated $147.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $98.7k during the year ending 03/2022. While expenses have increased by 10.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
LOCAL 481 HEALTH & WELFARE TRUST PROVIDES DISABILITY INSURANCE COVERAGE TO MEMBERS OF THE NEW ENGLAND STUDIO MECHANICS IATSE LOCAL 481.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris O'donnell Trustee | 3 | $0 | |
Dorothy Aufiero Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $147,333 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,353 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $95,892 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,800 |
| Total expenses | $98,692 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $239,171 |
| Other assets | $0 |
| Total assets | $239,171 |
| Total liabilities | $0 |
| Net assets or fund balances | $239,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bakery Drivers 802 Welfare Fund Baldwin, NY | $3,909,059 | $11,804,617 |
Ibew Local 90 Benefit Fund Wallingford, CT | $6,533,637 | $8,652,646 |
The Metlife Veba Trust New York, NY | $973,347,507 | $5,056,637 |
General Teamsters Local 493 Health Services And Insurance Plan Uncasville, CT | $67,360,929 | $16,816,510 |
Roofers Union Local 33 Thrift Fund Stoughton, MA | $101,188,774 | $13,376,518 |
Nysut Retiree Veba Health Fund Latham, NY | $37,420,085 | $11,045,310 |
Buffalo Laborers Welfare Fund Cheektowaga, NY | $20,081,004 | $10,305,350 |
Woods Hole Oceanographic Institution Tax Exempt Emp Ben Tr Woods Hole, MA | $13,122,070 | $9,017,314 |
International Union Of Operating Engineers Welfare Fund Local 295 Maspeth, NY | $19,688,240 | $9,048,316 |
Allied Welfare Fund Staten Island, NY | $55,551,594 | $9,279,667 |
Teamsters Local 1035 Health Services & Insurances Fund South Windsor, CT | $48,601,839 | $12,696,658 |
Vermont Vehicle And Automotive Distributors Association Medical B Barre, VT | $0 | $8,896,492 |