Rochester Laborers Welfare-Sub Fund

Organization Overview

Rochester Laborers Welfare-Sub Fund is located in Rochester, NY. The organization was established in 1959. 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, Rochester Laborers Welfare-Sub Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Laborers Welfare-Sub 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, Rochester Laborers Welfare-Sub Fund generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 2.5% 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

WELFARE & SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR UNION MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, HOSPITAL, SURGICAL, MEDICAL, DENTAL, OPTICAL, PRESCRIPTION, SUPPLEMENTAL UNEMPLOYMENT BENEFITS, WEEKLY ACCIDENT & SICKNESS BENEFITS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $75,000
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$75,000
Total Program Service Revenue$7,952,627
Investment income $749,467
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $674,497
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,749,337

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