Pittsburgh Building Owners Welfare Fund
- Assets
- $5.8m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1981
- Data as of
- 06/2022
- EIN
- 25-6048835
Organization Overview
Pittsburgh Building Owners Welfare Fund is located in Pittsburgh, PA. The organization was established in 1981. 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. Pittsburgh Building Owners 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 06/2022, Pittsburgh Building Owners Welfare Fund generated $9.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2022. 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
HEALTH PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF HEALTH AND WELFARE BENEFITS TO MEMBERS OF SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 32BJ AND OPERATING ENGINEERS LOCAL 95.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Thurner Trustee | Trustee | 1 | $0 |
Jason Amenta Trustee | Trustee | 1 | $0 |
Joe Piccini Trustee | Trustee | 1 | $0 |
Edward Manko Trustee | Trustee | 1 | $0 |
John Greenwald Trustee | Trustee | 1 | $0 |
Matthew Thurner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,485 |
| 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 | $12,485 |
| Total Program Service Revenue | $9,100,246 |
| Investment income | $96,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,211,628 |
| 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 | $9,135,432 |
| 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 | $0 |
| Fees for services: Legal | $10,377 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,286 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,894 |
| 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 | $15,311 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,997 |
| All other expenses | $0 |
| Total functional expenses | $9,344,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,857 |
| Savings and temporary cash investments | $1,087,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,679 |
| 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 | $11,633 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,565,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,774 |
| Total assets | $5,835,714 |
| Accounts payable and accrued expenses | $10,972 |
| Grants payable | $0 |
| Deferred revenue | $115,489 |
| 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 | $126,461 |
| Net assets without donor restrictions | $5,709,253 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,835,714 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Painters Welfare Fund Pittsburgh, PA | $17,172,930 | $23,602,516 |
Mutual Beneficial Association Inc Berwyn, PA | $132,759,628 | $20,036,739 |
Cleveland Automobile Dealers Association Group Insurance Plan Brecksville, OH | $4,881,741 | $19,552,991 |
Tri-County Building Trades Welfare Fund Ona, WV | $25,786,876 | $22,983,725 |
Ohio League Trust For Employee Benefits Columbus, OH | $19,645,020 | $20,892,498 |
Centers For Care Health Plan Bronx, NY | $49,972,187 | $33,212,808 |
Iue-Cwa Gm Bankruptcy Claim Tr Beavercreek, OH | $165,232,708 | $19,898,043 |
Stewart Employee Benefit Trust York, PA | $728,219 | $17,071,502 |
Redners Voluntary Employees Benefit Plan And Trust Reading, PA | $695,082 | $16,941,479 |
Lufthansa German Airlines Long Term Disability Benefits Pl Tr Uniondale, NY | $2,508,054 | $15,798,770 |
Welfare Fund Heat And Frost Insulators Local 12 Long Island City, NY | $34,847,538 | $18,361,265 |
Mrm Property And Liability Tr Inc Sewickley, PA | $33,998,884 | $14,896,339 |