Ironworkers L 207 Voluntary Employee Benefit Assoc Plsn is located in Canfield, OH. The organization was established in 2001. 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 06/2022, Ironworkers L 207 Voluntary Employee Benefit Assoc Plsn employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers L 207 Voluntary Employee Benefit Assoc Plsn 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, Ironworkers L 207 Voluntary Employee Benefit Assoc Plsn generated $1.5m 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 $706.2k during the year ending 06/2022. While expenses have increased by 6.1% 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
VISION AND DENTAL REIMBURSEMENT FOR IRONWORKERS LOCAL 207 VOLUNTARY BENEFIT ASSOCIATION PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISION AND DENTAL REIMBURSEMENT FOR IRONWORKERS LOCAL 207 VOLUNTARY BENEFIT ASSOCIATION PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anthony Deley Board Member | Trustee | 1 | $0 |
James Chopp Board Member | Trustee | 1 | $0 |
Kevin Reilly Board Member | Trustee | 1 | $0 |
John Gallagher Board Member | Trustee | 1 | $0 |
David Collins Board Member | Trustee | 1 | $0 |
Robert Campbell Board Member | Trustee | 1 | $0 |
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 | $1,274,503 |
Investment income | $142,940 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $33,208 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,491,078 |
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 | $583,461 |
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 | $27,720 |
Fees for services: Legal | $4,105 |
Fees for services: Accounting | $5,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $20,412 |
Fees for services: Other | $13,289 |
Advertising and promotion | $0 |
Office expenses | $3,104 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,265 |
All other expenses | $0 |
Total functional expenses | $706,216 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100,423 |
Savings and temporary cash investments | $323,161 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $3,831,136 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,254,720 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $4,254,720 |
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 | $4,254,720 |
Organization Name | Assets | Revenue |
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Dte Energy Company Veba Tr Detroit, MI | $1,684,046,247 | $124,695,539 |
Laborers District Council Of Pittsburgh, PA | $418,949,170 | $123,748,784 |
United States Steel Corporation Represented Retirees Benefit Trust Pittsburgh, PA | $2,085,258,668 | $155,308,941 |
Michigan Regional Council Of Carpenters Employee Benes Veba Fd Troy, MI | $71,378,696 | $86,420,144 |
4th District Ibew Health Fund Ona, WV | $62,184,887 | $82,305,035 |
Macys Inc Welfare Benefits Trust Springdale, OH | $7,295,266 | $85,356,698 |
Operating Engineers Welfare Fund Of Eastern Pa & Delaware Fort Washington, PA | $236,032,222 | $100,453,173 |
I B E W Local 98 Health & Welfare Fund Philadelphia, PA | $181,781,221 | $92,572,978 |
Ufcw Unions & Employers Health & Welfare Plan Of Central Ohio Dayton, OH | $12,895,877 | $72,813,101 |
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