International Brotherhood Of Elec Workers 683 Health & Welfare Fund
- Assets
- $27.3m
- Revenue
- $34.6m
- Investments
- $1.1m
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 06/1968
- Data as of
- 05/2022
- EIN
- 31-6084152
Organization Overview
International Brotherhood Of Elec Workers 683 Health & Welfare Fund, operating under the name Workers 683 Health & Welfare Fund, is located in Lansing, MI. The organization was established in 1968. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workers 683 Health & 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 05/2022, Workers 683 Health & Welfare Fund generated $34.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $32.4m during the year ending 05/2022. While expenses have increased by 11.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEDICAL, DENTAL, VISION, SHORT-TERM DISABILITY AND DEATH BENEFITS TO IBEW LOCAL UNION 683 MEMBERS AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mandl Mgmt Trustee | OfficerTrustee | 1 | $0 |
Dustin Gockenback Union Truste | Trustee | 1 | $0 |
Michael Morey Union Truste | Trustee | 1 | $0 |
Ryan Dew Mgmt Trustee | Trustee | 1 | $0 |
Elizabeth Butler Mgmt Trustee | Trustee | 1 | $0 |
Patrick Hook Union Truste | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ullic The Union Labor Life Insurance Company Specific/family Stop Loss Premiums | 5/30/18 | $363,878 |
Medical Mutual Services Administrative Fees | 5/30/18 | $503,879 |
Ibew Local 683 Fringe Benefit Funds Inc Administration Fees | 5/30/18 | $132,000 |
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 | $34,330,967 |
| Investment income | $238,783 |
| 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 | $34,571,326 |
| 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 | $29,435,120 |
| 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 | $20,097 |
| Fees for services: Management | $1,335,792 |
| Fees for services: Legal | $46,453 |
| Fees for services: Accounting | $44,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,159 |
| Fees for services: Other | $98,517 |
| Advertising and promotion | $0 |
| Office expenses | $7,615 |
| Information technology | $2,480 |
| 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 | $2,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,292 |
| All other expenses | $0 |
| Total functional expenses | $32,396,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,271,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,804,414 |
| 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 | $6,044 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,453,713 |
| Investments—other securities | $1,122,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $603,511 |
| Total assets | $27,261,838 |
| Accounts payable and accrued expenses | $1,474,701 |
| 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 | $2,981,914 |
| Total liabilities | $4,456,615 |
| Net assets without donor restrictions | $22,805,223 |
| 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 | $27,261,838 |
Peer Organizations
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|---|---|---|
Childrens Hospital Cincinnati, OH | $4,344,291,069 | $222,578,660 |
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |