Service Employees International Union 4b Health & Welfare Fund
- Assets
- $10.9m
- Revenue
- $19.8m
- Investments
- $963.1k
- Employees
- 60
- Location
- Chicago, IL
- Founding
- 10/1961
- Data as of
- 06/2022
- EIN
- 36-2418276
Organization Overview
Service Employees International Union 4b Health & Welfare Fund is located in Chicago, IL. The organization was established in 1961. 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, Service Employees International Union 4b Health & Welfare Fund employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Service Employees International Union 4b Health & Welfare Fund 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, Service Employees International Union 4b Health & Welfare Fund generated $19.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $17.6m during the year ending 06/2022. 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
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE, PRESCRIPTION DRUGS, AD&D BENEFITS, AND LIFE INSURANCE FOR ELIGIBLE PARTICIPANTS.
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 |
|---|---|---|---|
Gregory Kelley Trustee | Trustee | 4 | $0 |
Myra Glassman Trustee | Trustee | 4 | $0 |
Paige Kelly Trustee | Trustee | 4 | $0 |
Marshall Mauer Trustee | Trustee | 4 | $0 |
Steven Turofsky Trustee | Trustee | 4 | $0 |
Ephraim Vilenski Trustee-New | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Union Medical Center Hmo Services | 6/29/22 | $2,831,472 |
Specialty Care Management Llc Medical Review Services | 6/29/22 | $187,166 |
Optumrx Rx Benefits | 6/29/22 | $997,218 |
Healthlink Inc Preferred Provider Network | 6/29/22 | $156,500 |
Hines & Associates Medical Claims Review And Case Managemen | 6/29/22 | $141,367 |
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 | $19,577,363 |
| Investment income | $220,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,781,466 |
| 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 | $15,929,232 |
| Compensation of current officers, directors, key employees. | $47,456 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,246 |
| Pension plan accruals and contributions | $113,680 |
| Other employee benefits | $113,236 |
| Payroll taxes | $51,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,330 |
| Fees for services: Accounting | $135,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,224 |
| Fees for services: Other | $122,289 |
| Advertising and promotion | $0 |
| Office expenses | $98,788 |
| Information technology | $145,690 |
| Royalties | $0 |
| Occupancy | $86,313 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,193 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,246 |
| Insurance | $22,656 |
| All other expenses | $0 |
| Total functional expenses | $17,554,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,444,914 |
| Savings and temporary cash investments | $515,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $927,617 |
| 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 | $53,475 |
| Net Land, buildings, and equipment | $387,198 |
| Investments—publicly traded securities | $5,597,777 |
| Investments—other securities | $963,078 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,889,298 |
| Accounts payable and accrued expenses | $118,780 |
| 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 | $118,780 |
| 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 | $10,770,518 |
| Total liabilities and net assets/fund balances | $10,889,298 |