Bricklayers And Allied Craftworkers Local No 3 Health And Welfare Fund
- Assets
- $5.5m
- Revenue
- $3.6m
- Investments
- $496.6k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 08/1993
- Data as of
- 05/2022
- EIN
- 16-1204213
Organization Overview
Bricklayers And Allied Craftworkers Local No 3 Health And Welfare Fund is located in Buffalo, NY. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bricklayers And Allied Craftworkers Local No 3 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 05/2022, Bricklayers And Allied Craftworkers Local No 3 Health And Welfare Fund generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.3m during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEFITS TO MEMBERS, INCLUDING DISABILITY HEALTH EXPENSE REIMBURSEMENTS, HEALTH, DENTAL, VISION AND LIFE INSURANCE, TUITION REIMBURSEMENT, CHILD CARE REIMBURSEMENT, SUPPLEMENTAL UNEMPLOYMENT AND VACATION BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDED BENEFITS TO MEMBERS, INCLUDING HEALTH, DENTAL, VISION, LIFE INSURANCE, TUITION REIMBURSEMENT, VACATION, CHILD CARE REIMBURSEMENT, AND SUPPLEMENTAL UNEMPLOYMENT, WORKERS COMPENSATION AND DISABILITY BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen O'neal Funds Administrator | Officer | 15 | $0 |
Andrew Hanrahan Trustee | Trustee | 0.25 | $0 |
Richard Williamson Trustee | Trustee | 1 | $0 |
Paul Johnson Trustee | Trustee | 0.25 | $0 |
Frank Pietrowski Trustee | Trustee | 0.5 | $0 |
Kent Randle Trustee | Trustee | 0.25 | $0 |
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 | $3,289,790 |
| Investment income | $102,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $160,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,617,236 |
| 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 | $3,085,527 |
| Compensation of current officers, directors, key employees. | $67,570 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,449 |
| Pension plan accruals and contributions | $4,191 |
| Other employee benefits | $4,096 |
| Payroll taxes | $4,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,249 |
| Fees for services: Accounting | $29,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,662 |
| Fees for services: Other | $9,498 |
| Advertising and promotion | $0 |
| Office expenses | $15,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,832 |
| Travel | $2,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $655 |
| Insurance | $16,489 |
| All other expenses | $0 |
| Total functional expenses | $3,300,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,733 |
| Savings and temporary cash investments | $768,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $503,468 |
| 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 | $0 |
| Net Land, buildings, and equipment | $37,829 |
| Investments—publicly traded securities | $3,436,660 |
| Investments—other securities | $496,557 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,722 |
| Total assets | $5,526,954 |
| Accounts payable and accrued expenses | $45,886 |
| 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 | $0 |
| Total liabilities | $45,886 |
| 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 | $5,481,068 |
| Total liabilities and net assets/fund balances | $5,526,954 |