International Brotherhood Of Teamsters-710 Health & Welfare Fun
- Assets
- $144.3m
- Revenue
- $45.8m
- Investments
- $50.9m
- Employees
- 13
- Location
- Mokena, IL
- Founding
- 05/1952
- Data as of
- 01/2024
- EIN
- 36-2153764
Organization Overview
International Brotherhood Of Teamsters-710 Health & Welfare Fun is located in Mokena, 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. As of 01/2024, International Brotherhood Of Teamsters-710 Health & Welfare Fun employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Teamsters-710 Health & Welfare Fun is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2024, International Brotherhood Of Teamsters-710 Health & Welfare Fun generated $45.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $37.4m during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH BENEFITS TO THE ELIGIBLE PARTICIPANTS AND DEPENDENTS OF INTERNATIONAL BROTHERHOOD OF TEAMSTERS 710 HEALTH & WELFARE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, LIFE, TEMPORARY DISABILITY, ACCIDENTAL DEATH AND DISMEMBERMENT, PRESCRIPTION DRUGS, DENTAL AND VISION BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel D Pilger Co-Chair/truste | Trustee | 1 | $12,011 |
Gary Caldwell Trustee | Trustee | 1 | $0 |
Bernard T Sherlock Trustee | Trustee | 1 | $0 |
Delmar Schaefer Trustee | Trustee | 1 | $0 |
Michael J Cales Co-Chair/trustee | Trustee | 1 | $0 |
Dan Hoyer Trustee | Trustee | 1 | $20,564 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Benefit Contract Administrator | 1/30/24 | $1,258,190 |
United Actuarial Services Inc Actuarial | 1/30/24 | $121,313 |
Willig Williams And Davidson Attorney | 1/30/24 | $111,584 |
Bridgeway Benefit Technologies Benefit Administration Software | 1/30/24 | $108,562 |
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 | $45,028,542 |
| Investment income | $2,038,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,265,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,801,240 |
| 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 | $35,091,395 |
| Compensation of current officers, directors, key employees. | $177,676 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,994 |
| Pension plan accruals and contributions | $202,240 |
| Other employee benefits | $172,678 |
| Payroll taxes | $46,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,166 |
| Fees for services: Accounting | $89,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,899 |
| Fees for services: Other | $133,313 |
| Advertising and promotion | $0 |
| Office expenses | $139,092 |
| Information technology | $168,771 |
| Royalties | $0 |
| Occupancy | $113,817 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,920 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,663 |
| Insurance | $92,669 |
| All other expenses | $0 |
| Total functional expenses | $37,383,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,031,265 |
| Savings and temporary cash investments | $8,377,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,012,437 |
| 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 | $74,281 |
| Net Land, buildings, and equipment | $20,477 |
| Investments—publicly traded securities | $75,595,831 |
| Investments—other securities | $50,850,095 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $386,600 |
| Total assets | $144,348,663 |
| Accounts payable and accrued expenses | $120,266 |
| 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 | $6,012,506 |
| Total liabilities | $6,132,772 |
| 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 | $138,215,891 |
| Total liabilities and net assets/fund balances | $144,348,663 |