Boilermakers National Health & Welfare Fund
- Assets
- $1.2b
- Revenue
- $307.8m
- Investments
- $899.8m
- Employees
- 1
- Location
- Kansas City, MO
- Founding
- 06/1956
- Data as of
- 12/2023
- 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 12/2023, Boilermakers National Health & Welfare Fund generated $307.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $191.1m during the year ending 12/2023. 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
2023
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 13,328 PARTICIPANTS AND THEIR DEPENDENTS.
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 |
|---|---|---|---|
Ronnie Traxler Management Trustee - Chair | OfficerTrustee | 1.08 | $0 |
John Fultz See Schedule O | OfficerTrustee | 0.81 | $0 |
Patrick Gallagher See Schedule O | OfficerTrustee | 1.46 | $0 |
Sheldon Traxler Management Trustee-Vice Ch | OfficerTrustee | 0.81 | $0 |
J Michael Carroll Management Trustee | Trustee | 1.46 | $0 |
Joseph Reynolds Management Trustee | Trustee | 0.77 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Health And Life Insurance Company Administrative Services | 12/30/23 | $7,144,462 |
Wilson-mcshane Corporation Management Services | 12/30/23 | $1,983,226 |
American Realty Advisors Investment Manager | 12/30/23 | $786,291 |
National Investment Services Investment Manager | 12/30/23 | $762,947 |
Invesco Advisors Investment Manager | 12/30/23 | $686,284 |
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 | $190,586,480 |
| Investment income | $23,028,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,134,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,756,526 |
| 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 | $180,025,737 |
| Compensation of current officers, directors, key employees. | $363,740 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,462 |
| Pension plan accruals and contributions | $615,271 |
| Other employee benefits | $383,849 |
| Payroll taxes | $17,374 |
| Fees for services: Management | $1,732,109 |
| Fees for services: Legal | $229,962 |
| Fees for services: Accounting | $380,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,806,731 |
| Fees for services: Other | $202,569 |
| Advertising and promotion | $0 |
| Office expenses | $300,482 |
| Information technology | $166,765 |
| Royalties | $0 |
| Occupancy | $103,537 |
| Travel | $59,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $25,830 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $208,493 |
| All other expenses | $1 |
| Total functional expenses | $191,091,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,295,206 |
| Savings and temporary cash investments | $51,578,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,715,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $458,347 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,403 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $268,010,850 |
| Investments—other securities | $899,815,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,629,940 |
| Total assets | $1,237,021,017 |
| Accounts payable and accrued expenses | $1,148,003 |
| Grants payable | $0 |
| Deferred revenue | $2,922,519 |
| 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 | $22,211,053 |
| Total liabilities | $26,281,575 |
| 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 | $1,210,739,442 |
| Total liabilities and net assets/fund balances | $1,237,021,017 |