Local Unions No 19 & 127 Health And Welfare Fund
- Assets
- $5.9m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 25
- Location
- Milwaukee, WI
- Founding
- 07/1955
- Data as of
- 03/2023
- EIN
- 39-6048209
Organization Overview
Local Unions No 19 & 127 Health And Welfare Fund is located in Milwaukee, WI. The organization was established in 1955. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 03/2023, Local Unions No 19 & 127 Health And Welfare Fund employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Unions No 19 & 127 Health And 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 03/2023, Local Unions No 19 & 127 Health And Welfare Fund generated $9.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $8.7m during the year ending 03/2023. While expenses have increased by 1.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DIFFERENT HEALTH COVERAGES TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS AND RETIREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ACCIDENT, HEALTH, DENTAL, PRESCRIPTION DRUG, AND LOSS OF TIME BENEFITS TO APPROXIMATELY 531 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Rodriguez Thru 0822 Trustee | Trustee | 0.1 | $0 |
Brett Large Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
William Naretta Chairman | OfficerTrustee | 0.1 | $0 |
Jim Bartelt Trustee | Trustee | 0.1 | $0 |
Mark Borchardt Thru 1222 Trustee | Trustee | 0.1 | $0 |
Jeremy Wicke Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Claims Processing | 3/30/23 | $310,102 |
Benefit Plan Administration Of Wisconsin Administration | 3/30/23 | $286,864 |
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 | $9,396,502 |
| Investment income | $62,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,622 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,442,376 |
| 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 | $8,320,961 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $205,052 |
| Fees for services: Legal | $43,248 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,686 |
| Fees for services: Other | $55,685 |
| Advertising and promotion | $0 |
| Office expenses | $8,190 |
| Information technology | $14,750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,055 |
| All other expenses | $2,091 |
| Total functional expenses | $8,674,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250,298 |
| Savings and temporary cash investments | $6,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $977,024 |
| 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 | $88,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,587,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,909,731 |
| Accounts payable and accrued expenses | $118,216 |
| 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 | $4,686,858 |
| Total liabilities | $4,805,074 |
| 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 | $1,104,657 |
| Total liabilities and net assets/fund balances | $5,909,731 |