Bricklayers And Allied Craftworkers Local No 3 Health And Welfare Plan
- Assets
- $16.0m
- Revenue
- $10.6m
- Investments
- $2.7m
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 08/1969
- Data as of
- 06/2023
- EIN
- 23-7034407
Organization Overview
Bricklayers And Allied Craftworkers Local No 3 Health And Welfare Plan is located in Pleasanton, CA. The organization was established in 1969. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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 Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, Bricklayers And Allied Craftworkers Local No 3 Health And Welfare Plan generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $12.6m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HEALTH, DENTAL, AND VISION BENEFITS TO EMPLOYEES OF CONTRACTORS SIGNATORY TO THE B.A.C.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PLAN PROVIDES HEALTH, DENTAL, AND VISION BENEFITS TO EMPLOYEE OF CONTRACTORS SIGNATORY TO THE B.A.C LOCAL 3 AND PROVIDES BENEFITS FOR APPROXIMATELY 590 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Pfeifer Chairman | Trustee | 0.1 | $0 |
Troy Garland Trustee | Trustee | 0.1 | $0 |
Steve Kantoniemi Trustee | Trustee | 0.1 | $0 |
Ryan Ruf Trustee | Trustee | 0.1 | $0 |
Lenny Paredes Trustee | Trustee | 0.1 | $0 |
Colin Johnson Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindquist Llp Compliance Auditor | 6/29/22 | $0 |
Benesys Administrators Contract Adminstrator | 6/29/22 | $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 | $10,287,879 |
| Investment income | $413,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$182,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,632,225 |
| 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 | $11,851,475 |
| 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 | $0 |
| Fees for services: Management | $338,342 |
| Fees for services: Legal | $60,037 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,950 |
| Fees for services: Other | $241,163 |
| Advertising and promotion | $0 |
| Office expenses | $27,507 |
| Information technology | $0 |
| 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 | $13,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,107 |
| All other expenses | $0 |
| Total functional expenses | $12,621,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,684,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,051,588 |
| 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 | $1,962 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,576,972 |
| Investments—other securities | $2,702,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,017,813 |
| Accounts payable and accrued expenses | $999,123 |
| Grants payable | $0 |
| Deferred revenue | $14,706 |
| 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 | $5,293,708 |
| Total liabilities | $6,307,537 |
| 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 | $9,710,276 |
| Total liabilities and net assets/fund balances | $16,017,813 |