United Food & Comm Workers Intl Union & Emp Insurance Fund
- Assets
- $4.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 07/1962
- Data as of
- 11/2020
- EIN
- 35-1065816
Organization Overview
United Food & Comm Workers Intl Union & Emp Insurance Fund is located in Oak Brook, IL. The organization was established in 1962. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Food & Comm Workers Intl Union & Emp Insurance Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 11/2020, United Food & Comm Workers Intl Union & Emp Insurance Fund generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $4.8m during the year ending 11/2020. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE, DEATH, AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND/OR THEIR DEPENDENTS.
TO PROVIDE HEALTH AND WELFARE, DEATH, AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND/OR THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Powell Trustee | Trustee | 1 | $0 |
Samuel Van Til Trustee | Trustee | 1 | $0 |
Jeffrey Strack Trustee | Trustee | 1 | $0 |
Bill O' Keefe Trustee | Trustee | 1 | $0 |
Anthony Malito Trustee - Alternate | Trustee | 1 | $0 |
Richard Bugajski Trustee - Alternate | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $75,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,050,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,346,285 |
| 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 | $224,311 |
| Fees for services: Legal | $11,821 |
| Fees for services: Accounting | $34,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,425 |
| Fees for services: Other | $58,482 |
| Advertising and promotion | $0 |
| Office expenses | $20,894 |
| Information technology | $21,474 |
| 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 | $1,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,650 |
| All other expenses | $0 |
| Total functional expenses | $4,761,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,811 |
| Savings and temporary cash investments | $445,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,151 |
| 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 | $2,858 |
| Investments—publicly traded securities | $3,688,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,666 |
| Total assets | $4,662,886 |
| Accounts payable and accrued expenses | $23,655 |
| 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 | $4,998 |
| Total liabilities | $28,653 |
| 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 |
| Total liabilities and net assets/fund balances | $4,634,233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees Springfield, IL | $61,133,676 | $26,100,915 |
Laborers International Union Of North America Burr Ridge, IL | $65,530,613 | $20,238,151 |
Chicago Regional Council Of Carpenters Apprentice And Trainee Elk Grove Village, IL | $58,144,102 | $15,674,310 |
Indiana State Teachers Association Indianapolis, IN | $36,026,795 | $22,473,562 |
Chicago Journeymen Plumbers Local 130 Chicago, IL | $20,981,689 | $17,441,460 |
United Food And Commercial Workers International Union Des Plaines, IL | $30,640,392 | $15,439,141 |
Laborers International Union Of North America Chicago, IL | $42,312,837 | $17,661,518 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union Chicago, IL | $8,645,665 | $14,966,009 |
Chicago & Vicinity Laborers Carol Stream, IL | $83,711,023 | $20,877,636 |
Boilermakers National Apprentice Ship Fund Kansas City, MO | $53,012,610 | $16,312,331 |