Craft Division Of Local 1049 Health And Welfare Fund

Organization Overview

Craft Division Of Local 1049 Health And Welfare Fund is located in Holtsville, NY. The organization was established in 1965. 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 12/2021, Craft Division Of Local 1049 Health And Welfare Fund employed 1,200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craft Division Of Local 1049 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 12/2021, Craft Division Of Local 1049 Health And Welfare Fund generated $39.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $25.5m during the year ending 12/2021. While expenses have increased by 9.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH & OTHER BENEFITS TO ELIGIBILE PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HEALTH & OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeannine Devlin
Fund Director
$161,008
Joseph Haugland
Trustee
$0
James Cooper
Trustee
$0
Patrick Guidice III
Trustee
$0
Michael Gilchrist
Trustee
$0
James Bogen
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Internl Benefits Admin
Tpa - Hospital & Med
$757,406
Anthem Bcbs
Tpa - Hospital & Med
$528,074
View All Vendors

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$29,817,017
Investment income $2,328,560
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,694,936
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,132,489

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