Boilermakers National Health & Welfare Fund
- Assets
- $1.3b
- Revenue
- $255.9m
- Investments
- $854.4m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 06/1956
- Data as of
- 12/2021
- EIN
- 36-6090694
Organization Overview
Boilermakers National Health & Welfare Fund is located in Kansas City, MO. The organization was established in 1956. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boilermakers National 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, Boilermakers National Health & Welfare Fund generated $255.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $196.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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 HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS FOR 14,448 PARTICIPANTS AND THEIR DEPENDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Jasperson Chief Operations Officer | Officer | 23.3 | $97,049 |
Mario Rodriquez Chief Investment Officer | Officer | 10 | $82,051 |
Ronnie Traxler Management Trustee - Chair | OfficerTrustee | 0.92 | $0 |
John Fultz See Schedule O | OfficerTrustee | 0.35 | $0 |
Patrick Gallagher See Schedule O | OfficerTrustee | 0.96 | $0 |
Sheldon Traxler Management Trustee-Vice Ch | OfficerTrustee | 0.46 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Express Scripts Administrative Services | 12/30/21 | $34,513,775 |
Cigna Health And Life Insurance Company Administrative Services | 12/30/21 | $7,144,094 |
Invesco Core Real Estate Investment Manager | 12/30/21 | $658,011 |
National Investment Services Investment Manager | 12/30/21 | $774,620 |
Wilson-mcshane Corporation Management Services | 12/30/21 | $2,114,851 |
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 | $196,849,036 |
| Investment income | $19,220,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,596,038 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,866,207 |
| 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 | $186,129,358 |
| Compensation of current officers, directors, key employees. | $186,399 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $625,220 |
| Pension plan accruals and contributions | $517,757 |
| Other employee benefits | $172,999 |
| Payroll taxes | $24,351 |
| Fees for services: Management | $1,862,958 |
| Fees for services: Legal | $53,770 |
| Fees for services: Accounting | $392,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,651,001 |
| Fees for services: Other | $211,964 |
| Advertising and promotion | $0 |
| Office expenses | $235,453 |
| Information technology | $72,663 |
| Royalties | $0 |
| Occupancy | $100,802 |
| Travel | $42,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $6,006 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $102,628 |
| All other expenses | $13 |
| Total functional expenses | $196,388,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,641 |
| Savings and temporary cash investments | $53,195,607 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,074,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $507,344 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,153 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $339,704,952 |
| Investments—other securities | $854,390,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,030,490 |
| Total assets | $1,261,871,691 |
| Accounts payable and accrued expenses | $1,353,665 |
| Grants payable | $0 |
| Deferred revenue | $3,617,567 |
| 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 | $23,515,082 |
| Total liabilities | $28,486,314 |
| 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 | $1,233,385,377 |
| Total liabilities and net assets/fund balances | $1,261,871,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $1,499,726,971 | $1,007,885,123 |
Chs Community Health Systems Inc Veba Trust Franklin, TN | $6,362 | $692,904,149 |
Accenture United States Benefit Chicago, IL | $73,988,977 | $691,324,713 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $65,808,636 | $520,300,939 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $1,803,952,687 | $632,490,889 |
United Airlines Employee Sick Leave Tr Chicago, IL | $37,583,032 | $320,362,024 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $200,286,111 | $339,796,574 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $1,016,590,757 | $296,188,790 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $168,277,664 | $240,301,966 |
Electrical Insurance Trustees Chicago, IL | $773,934,785 | $263,143,563 |
Concordia Health Plan St Louis, MO | $188,828,015 | $265,014,136 |