District Council No 3 Painters And Allied Trades Welfare Fund
- Assets
- $14.8m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 11/1965
- Data as of
- 09/2021
- EIN
- 43-0817513
Organization Overview
District Council No 3 Painters And Allied Trades Welfare Fund is located in Kansas City, MO. The organization was established in 1965. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District Council No 3 Painters And Allied Trades 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 09/2021, District Council No 3 Painters And Allied Trades Welfare Fund generated $11.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $11.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 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 BENEFITS TO QUALIFIED PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH BENEFITS TO QUAIFIED PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Carpenter Chairman | OfficerTrustee | $0 | |
Todd Doree Former Chair | OfficerTrustee | $0 | |
Erica Jenkins Secretary | OfficerTrustee | $0 | |
David Cox Trustee | Trustee | $0 | |
Joey Flickner Trustee | Trustee | $0 | |
Tim Hogan Trustee | Trustee | $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 | $11,249,914 |
| Investment income | $488,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,842,707 |
| 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 | $10,526,414 |
| 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 | $659,552 |
| Fees for services: Legal | $104,336 |
| Fees for services: Accounting | $44,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,863 |
| Fees for services: Other | $48,250 |
| Advertising and promotion | $0 |
| Office expenses | $8,988 |
| Information technology | $0 |
| 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 | $6,112 |
| All other expenses | $6,281 |
| Total functional expenses | $11,418,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,141,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,091,407 |
| 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 | $41,745 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,481,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,755,417 |
| Accounts payable and accrued expenses | $179,321 |
| 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 | $0 |
| Total liabilities | $179,321 |
| Net assets without donor restrictions | $14,576,096 |
| 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 | $14,755,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
District Council No 3 Painters And Allied Trades Welfare Fund Kansas City, MO | $14,755,417 | $11,842,707 |
Mountain Peoples Health Council Inc Huntsville, TN | $20,611,793 | $14,771,535 |
Laborers District Council Of Alabama Health & Welfare Fund Goodlettsville, TN | $9,710,185 | $4,412,536 |
Center For Medical Interoperability Inc Nashville, TN | $5,104,161 | $3,357,458 |
Bhc Foundation St Louis, MO | $1,118,439 | $1,942,472 |
National Center For Healthcare Leadership Chicago, IL | $2,396,977 | $2,153,807 |
National Rural Recruitment & Retention Network Inc Jefferson City, MO | $896,817 | $946,911 |
Center For Healthcare Innovation Chicago, IL | $235,414 | $738,168 |
Kentucky Voices For Health Inc Louisville, KY | $412,067 | $450,103 |
Common Table Health Alliance Memphis, TN | $117,527 | $279,689 |
American Academy Of Development Medicine And Dentistry Prospect, KY | $529,200 | $473,200 |
Smashsmard Inc Lincolnshire, IL | $140,411 | $258,108 |