Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund

Organization Overview

Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund is located in Rego Park, NY. The organization was established in 1961. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bricklayers & Allied Craftworkers Local 5 New York 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, Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. 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

HEALTH CARE COVERAGE

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ELIGIBLE MEMBERS AND DEPENDENTS WITH COVERAGE FOR MAJOR MEDICAL BENEFITS, HOSPITAL EXPENSES, DIAG. X-RAY, LAB FEES, SURGERY, MEDICAL FEES, VISION, AND DENTAL BENEFITS.


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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$2,424,837
Investment income $189,059
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $137,450
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,782,182

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