International Union Of Bricklayers Allied Craftworkers Local 1
- Assets
- $8.0m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1998
- Data as of
- 09/2023
- EIN
- 06-1498630
Organization Overview
International Union Of Bricklayers Allied Craftworkers Local 1 is located in New York, NY. The organization was established in 1998. 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. International Union Of Bricklayers Allied Craftworkers Local 1 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2023, International Union Of Bricklayers Allied Craftworkers Local 1 generated $13.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $12.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MAJOR MEDICAL, HOSPITALIZATION, DISABILITY, LIFE INSURANCE, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS OF THIS FUND AND THEIR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Convertito Trustee | Trustee | 2 | $0 |
Franco Indomenico Trustee | Trustee | 2 | $0 |
Todd Dexter Trustee (p) | Trustee | 2 | $0 |
Scott Aronowicz Trustee | Trustee | 2 | $0 |
Vincenzo Capasso Trustee | Trustee | 2 | $0 |
Vinny Arpino Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions (Fka Ipi) Third Party Admin | 9/29/23 | $469,956 |
Capital Rx Inc Pharmaceutical | 9/29/23 | $252,269 |
Benefits Dna Llc Insurance | 9/29/23 | $214,992 |
Anthem Bcbs Ppo | 9/29/23 | $183,545 |
Hlh Holdings Llc Contract Administration | 9/29/23 | $142,145 |
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 | $12,317,488 |
| Investment income | $71,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,406,223 |
| 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 | $10,884,148 |
| 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 | $0 |
| Fees for services: Legal | $69,440 |
| Fees for services: Accounting | $31,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,279 |
| Fees for services: Other | $1,325,544 |
| Advertising and promotion | $0 |
| Office expenses | $19,605 |
| 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 | $1,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,356 |
| All other expenses | $0 |
| Total functional expenses | $12,398,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,719,221 |
| Savings and temporary cash investments | $34,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,488,677 |
| 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 | $2,762,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,005,291 |
| Accounts payable and accrued expenses | $27,962 |
| 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 | $1,469,101 |
| Total liabilities | $1,497,063 |
| 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 | $6,508,228 |
| Total liabilities and net assets/fund balances | $8,005,291 |