Railroad Maintenance & Industrial Health & Welfare Fund
- Assets
- $28.6m
- Revenue
- $26.1m
- Investments
- $4.3m
- Employees
- 6
- Location
- Springfield, IL
- Founding
- 04/1978
- Data as of
- 04/2022
- EIN
- 37-1023648
Organization Overview
Railroad Maintenance & Industrial Health & Welfare Fund is located in Springfield, IL. The organization was established in 1978. 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 04/2022, Railroad Maintenance & Industrial Health & Welfare Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Railroad Maintenance & Industrial 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 04/2022, Railroad Maintenance & Industrial Health & Welfare Fund generated $26.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.9m during the year ending 04/2022. 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
HEALTH & WELFARE PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dora L Crenshaw Exec Administrator | Officer | 40 | $136,767 |
John F Penn Chairman | OfficerTrustee | 1 | $0 |
James J Daloisio Sec/treas | OfficerTrustee | 1 | $0 |
Mark A Brown Trustee | Trustee | 1 | $0 |
David A Fagan Trustee | Trustee | 1 | $0 |
Steven M Cisco Trustee | Trustee | 1 | $0 |
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 | $22,564,972 |
| Investment income | $373,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,111,633 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,100,304 |
| 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 | $9,710,415 |
| Compensation of current officers, directors, key employees. | $231,314 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,646 |
| Pension plan accruals and contributions | $87,828 |
| Other employee benefits | $79,621 |
| Payroll taxes | $16,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,424 |
| Fees for services: Accounting | $47,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,097 |
| Fees for services: Other | $58,117 |
| Advertising and promotion | $0 |
| Office expenses | $96,724 |
| Information technology | $58,063 |
| Royalties | $0 |
| Occupancy | $52,688 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,352 |
| Insurance | $21,925 |
| All other expenses | $0 |
| Total functional expenses | $10,937,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,955,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,899,642 |
| 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 | $54,309 |
| Net Land, buildings, and equipment | $495,857 |
| Investments—publicly traded securities | $19,618,269 |
| Investments—other securities | $4,305,107 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,509 |
| Total assets | $28,619,189 |
| Accounts payable and accrued expenses | $228,035 |
| Grants payable | $0 |
| Deferred revenue | $246,104 |
| 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 | $1,037,768 |
| Total liabilities | $1,511,907 |
| Net assets without donor restrictions | $27,107,282 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $28,619,189 |