Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United

Organization Overview

Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United is located in White Plains, NY. The organization was established in 1958. 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, Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United 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, Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United generated $12.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $11.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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

VEBA HEALTH FUND PROVIDING HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL, HOSPITALIZATION, DENTAL, VISION AND PRESCRITION BENEFITS PAID TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Empire Healthchoice Assurance Inc
Claim Processing Fee
$384,141
Schulte Roth & Zabel Llp
Legal
$119,446
Amalgamated Employee Benefits Administra
Administrative & Investment Services
$1,144,978
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$45,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$45,495
Total Program Service Revenue$11,310,633
Investment income $938,843
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $339,097
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,653,336

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