Njbls Welfare Fund

Organization Overview

Njbls Welfare Fund is located in Jersey City, NJ. The organization was established in 1967. 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, Njbls Welfare Fund employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Njbls 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, Njbls Welfare Fund generated $43.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $46.3m 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

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Schultheis & Panettieri Llp
Auditing
$555,140
Kroll Heineman Ptasiewicz & Parsons
Legal
$553,563
The Segal Company (Eastern States) Inc
Actuarial Consulting
$216,169
United Health Care Services Inc
Medical Service Fees
$902,156
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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$40,582,382
Investment income $1,407,031
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $815,206
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,109,332

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