Local 138 138a & 138b Welfare Inter National Union Of Operating
- Assets
- $31.3m
- Revenue
- $47.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Farmingdale, NY
- Founding
- 05/1998
- Data as of
- 06/2023
- EIN
- 11-1628170
Organization Overview
Local 138 138a & 138b Welfare Inter National Union Of Operating is located in Farmingdale, 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. As of 06/2023, Local 138 138a & 138b Welfare Inter National Union Of Operating employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 138 138a & 138b Welfare Inter National Union Of Operating 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, Local 138 138a & 138b Welfare Inter National Union Of Operating generated $47.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $45.9m during the year ending 06/2023. While expenses have increased by 7.4% 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 PRIMARY PURPOSE OF THE PLAN IS TO PROVIDE MEDICAL, DEATH, OPTICAL, DENTAL, VACATION AND UNEMPLOYMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE PLAN IS TO PROVIDE MEDICAL,DEATH, OPTICAL, DENTAL, VACATION AND UNEMPLOYMENT BENEFITSTO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Duffy Trustee | OfficerTrustee | 2 | $0 |
John J Duffy Trustee | Trustee | 2 | $0 |
Dennis Adrian Trustee | Trustee | 2 | $0 |
William Duffy Jr Chairman/administrator | OfficerTrustee | 2 | $0 |
James Pratt III Trustee | Trustee | 2 | $0 |
James Haney III Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cst Designs Inc Information Technology | 6/29/23 | $289,665 |
Berdon Llp Accounting | 6/29/23 | $459,507 |
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 | $46,799,033 |
| Investment income | $426,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,212,862 |
| 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 | $44,668,806 |
| 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 | $443,240 |
| Pension plan accruals and contributions | $72,703 |
| Other employee benefits | $71,061 |
| Payroll taxes | $29,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,680 |
| Fees for services: Accounting | $101,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,727 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $214,692 |
| Information technology | $9,644 |
| Royalties | $0 |
| Occupancy | $101,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,534 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,895,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,194,517 |
| Savings and temporary cash investments | $17,506,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,134,227 |
| 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 | $317,078 |
| Net Land, buildings, and equipment | $11,187 |
| Investments—publicly traded securities | $7,132,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,028,878 |
| Total assets | $31,324,545 |
| Accounts payable and accrued expenses | $883,286 |
| 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 | $12,646,429 |
| Total liabilities | $13,529,715 |
| 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 | $17,794,830 |
| Total liabilities and net assets/fund balances | $31,324,545 |