Laborers Welfare Fund Local 130
- Assets
- $949.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Scranton, PA
- Founding
- 10/1999
- Data as of
- 04/2022
- EIN
- 23-6408433
Organization Overview
Laborers Welfare Fund Local 130 is located in Scranton, PA. The organization was established in 1999. 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 04/2022, Laborers Welfare Fund Local 130 employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Welfare Fund Local 130 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, Laborers Welfare Fund Local 130 generated $1.5m 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 (3.5%) each year. All expenses for the organization totaled $1.5m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
PROVIDES LIFE, AD&D, LOSS OF TIME, HOSPITALIZATION, MEDICAL & OTHER RELATED HEALTH CARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES LIFE, AD&D, AND MEDICAL BENEFITS TO ACTIVE AND RETIRED EMPLOYEES OF CONTRIBUTING EMPLOYERS UNDER GROUP INSURED PLANS. THE FUND ALSO PROVIDES LOSS OF TIME BENEFITS UNDER SELF-INSURED PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Viccica Trustee | Trustee | 1 | $0 |
Joline Sobeck Trustee | Trustee | 1 | $0 |
Joseph Rostock Trustee | Trustee | 1 | $0 |
Jacob Hyder Trustee | Trustee | 1 | $0 |
Jon O'brien Trustee | Trustee | 1 | $0 |
Joseph Sonday Trustee | Trustee | 1 | $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 | $1,353,956 |
| Investment income | $24,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,803 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,182 |
| 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 | $1,262,528 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $106 |
| Fees for services: Management | $51,360 |
| Fees for services: Legal | $9,965 |
| Fees for services: Accounting | $19,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,423 |
| Fees for services: Other | $2,200 |
| Advertising and promotion | $0 |
| Office expenses | $1,553 |
| Information technology | $3,674 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,268 |
| All other expenses | $0 |
| Total functional expenses | $1,452,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,975 |
| Savings and temporary cash investments | $19,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,322 |
| 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 | $8,416 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $569,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $949,000 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,971 |
| Total liabilities | $36,971 |
| 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 | $912,029 |
| Total liabilities and net assets/fund balances | $949,000 |