Excavating Grading And Asphalt Craft-731 Health & Welfare Fund is located in Burr Ridge, IL. The organization was established in 1953. 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, Excavating Grading And Asphalt Craft-731 Health & Welfare Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excavating Grading And Asphalt Craft-731 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 12/2021, Excavating Grading And Asphalt Craft-731 Health & Welfare Fund generated $10.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Clarson Administrator | Officer | 40 | $191,639 |
Patricia Saenz Claims Manager | 40 | $128,862 | |
Michael Wainscott Comptroller | 40 | $107,291 | |
Terrence J Hancock Trustee | Trustee | 2 | $0 |
Dale Bolt Trustee | Trustee | 2 | $0 |
John Lisner Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Blue Cross Blue Shield Ppo Provider | 12/30/21 | $285,045 |
Desert Shore Capital Partners Benefit Consultant | 12/30/21 | $248,287 |
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 | $10,158,004 |
Investment income | $536,407 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $42,904 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,737,315 |
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 | $9,161,298 |
Compensation of current officers, directors, key employees. | $205,791 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,102,829 |
Pension plan accruals and contributions | $253,766 |
Other employee benefits | $317,821 |
Payroll taxes | $103,773 |
Fees for services: Management | $0 |
Fees for services: Legal | $83,648 |
Fees for services: Accounting | $52,504 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $62,737 |
Fees for services: Other | $316,630 |
Advertising and promotion | $0 |
Office expenses | $42,640 |
Information technology | $32,053 |
Royalties | $0 |
Occupancy | $15,490 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,398 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $17,442 |
All other expenses | $0 |
Total functional expenses | $11,769,820 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,802,557 |
Savings and temporary cash investments | $530,376 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $886,856 |
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 | $9,325 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $20,382,147 |
Investments—other securities | $863,435 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $25,474,696 |
Accounts payable and accrued expenses | $114,057 |
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 | $1,161,000 |
Total liabilities | $1,275,057 |
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 | $24,199,639 |
Total liabilities and net assets/fund balances | $25,474,696 |