Seiu Local 1 & Participating Employers Health Trust

Organization Overview

Seiu Local 1 & Participating Employers Health Trust is located in Chicago, IL. The organization was established in 1975. 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 09/2021, Seiu Local 1 & Participating Employers Health Trust employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seiu Local 1 & Participating Employers Health Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 09/2021, Seiu Local 1 & Participating Employers Health Trust generated $132.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $124.9m during the year ending 09/2021. While expenses have increased by 1.8% per year over the past 6 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 HEALTH CARE BENEFITS TO COVERED MEMBERS OF SEIU LOCAL 1 AND THEIR ELIGIBLE DEPENDENTS ESTABLISHED BY A COLLECTIVE BARGAINING AGREEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH BENEFITS (HOSPITAL, SURGICAL, MAJOR MEDICAL AND DISABILITY) TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
James Mcardle
Fund Manager - Past
$248,550
Maria Pizarro
Fund Manager
$46,610
Thomas Balanoff
Trustee/chairman
$0
Laura Garza
Trustee - Past
$0
Kenneth E Munz
Trustee
$0
Dean L Johnson
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield Of Illinois
Ppo Admin. Fees
$1,709,337
Benefits Management Group Inc
Benefit Admin. It Services
$103,528
Bansley & Kiener Llp
Audit & Payroll Audit Services
$128,967
Amalgatrust Company Inc
Investment Management Fees
$221,623
Basys Inc
Benefit Admin. It Services
$101,407
View All Vendors

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$129,380,563
Investment income $3,214,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $693,758
Net Gain/Loss on Asset Sales -$721,994
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $132,715,763

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