Automobile Mechanics-701 Union And Industry Welfare Fund-Trust

Organization Overview

Automobile Mechanics-701 Union And Industry Welfare Fund-Trust is located in Burr Ridge, IL. The organization was established in 1958. 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 12/2021, Automobile Mechanics-701 Union And Industry Welfare Fund-Trust employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automobile Mechanics-701 Union And Industry Welfare Fund-Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Automobile Mechanics-701 Union And Industry Welfare Fund-Trust generated $107.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $93.5m during the year ending 12/2021. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND DISABILITY BENFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND DISABILITY BENFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Professional Benefit Administrators
Claims Management
$956,972
Paydhealth Llc
Claims Management
$2,325,703
Empirx
Claims Management
$386,478
Medical Cost Management Group
Claims Management
$559,982
Blue Cross Blue Shield
Claims Administrative Services
$2,715,597
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $263,175
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$263,175
Total Program Service Revenue$90,322,705
Investment income $4,790,306
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,528,922
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $107,015,909

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