Chicago & Vicinity Laborers District Council Health & Welfare
- Assets
- $626.8m
- Revenue
- $263.9m
- Investments
- $471.7m
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 01/1952
- Data as of
- 05/2023
- EIN
- 36-2151212
Organization Overview
Chicago & Vicinity Laborers District Council Health & Welfare is located in Westchester, IL. The organization was established in 1952. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago & Vicinity Laborers District Council Health & Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Chicago & Vicinity Laborers District Council Health & Welfare generated $263.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $235.9m during the year ending 05/2023. While expenses have increased by 3.0% per year over the past 8 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
THE PLAN PROVIDES HEALTH, PRESCRIPTION, DENTAL, VISION AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, PRESCRIPTION, DENTAL, VISION, AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Connolly Trustee | Trustee | 1 | $0 |
Joseph Healy Trustee | Trustee | 1 | $0 |
Martin Flanagan Trustee | Trustee | 1 | $0 |
Richard Kuczkowski Trustee | Trustee | 1 | $0 |
William Martin Trustee | Trustee | 1 | $0 |
Frank Taffora Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zelis Payment Holdings Llc Payment Processing | 5/30/23 | $654,094 |
Legacy Professionals Llp Financial And Payroll Compliance Audits | 5/30/23 | $480,573 |
Vitech Systems Group Inc System Software | 5/30/23 | $369,156 |
Ullico Investment Advisors Investment Fees | 5/30/23 | $327,458 |
The Segal Company Consulting Services | 5/30/23 | $309,907 |
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 | $253,779,493 |
| Investment income | $10,706,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$582,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,903,387 |
| 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 | $225,750,980 |
| 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 | $3,344,771 |
| Pension plan accruals and contributions | $1,332,648 |
| Other employee benefits | $1,246,692 |
| Payroll taxes | $262,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,273 |
| Fees for services: Accounting | $257,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,085,028 |
| Fees for services: Other | $456,298 |
| Advertising and promotion | $0 |
| Office expenses | $695,228 |
| Information technology | $470,702 |
| Royalties | $0 |
| Occupancy | $328,822 |
| 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 | $217,159 |
| Insurance | $142,067 |
| All other expenses | $9,769 |
| Total functional expenses | $235,909,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,824 |
| Savings and temporary cash investments | $20,139,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,088,061 |
| 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 | $253,548 |
| Net Land, buildings, and equipment | $1,647,013 |
| Investments—publicly traded securities | $94,689,875 |
| Investments—other securities | $471,661,505 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,084,297 |
| Total assets | $626,781,989 |
| Accounts payable and accrued expenses | $1,521,035 |
| 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 | $6,668,376 |
| Total liabilities | $8,189,411 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $618,592,578 |
| Total liabilities and net assets/fund balances | $626,781,989 |