Opcmia Local 526 Welfare Fund
- Assets
- $14.7m
- Revenue
- $6.4m
- Investments
- $4.6m
- Employees
- 13
- Location
- Munhall, PA
- Founding
- 07/1940
- Data as of
- 05/2023
- EIN
- 25-6103482
Organization Overview
Opcmia Local 526 Welfare Fund is located in Munhall, PA. The organization was established in 1940. 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 05/2023, Opcmia Local 526 Welfare Fund employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Opcmia Local 526 Welfare Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2023, Opcmia Local 526 Welfare Fund generated $6.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $5.5m during the year ending 05/2023. While expenses have increased by 3.2% per year over the past 4 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
HEALTH PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH INSURANCE AND DISABILITY BENEFITS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Rupert Trustee | Trustee | 2 | $0 |
John Swenglish Trustee | Trustee | 1 | $0 |
Robert Czerniewski Trustee | Trustee | 1 | $0 |
Ken Harmon Trustee | Trustee | 1 | $0 |
David Sciullo Trustee | Trustee | 1 | $0 |
Charles Fischer 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 | $6,010,578 |
| Investment income | $328,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,386,496 |
| 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 | $5,039,850 |
| 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 | $7,580 |
| Fees for services: Accounting | $27,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,819 |
| Fees for services: Other | $48,297 |
| Advertising and promotion | $0 |
| Office expenses | $7,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,195 |
| Travel | $0 |
| 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 | $18,535 |
| Insurance | $11,410 |
| All other expenses | $302,007 |
| Total functional expenses | $5,510,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,252 |
| Savings and temporary cash investments | $744,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $868,997 |
| 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 | $38,161 |
| Net Land, buildings, and equipment | $454,140 |
| Investments—publicly traded securities | $7,376,531 |
| Investments—other securities | $4,553,610 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,077 |
| Total assets | $14,739,544 |
| Accounts payable and accrued expenses | $8,801 |
| 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 | $447 |
| Total liabilities | $9,248 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,730,296 |
| 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 | $14,739,544 |