St Louis Glass & Allied Industries Health & Welfare Insurance Fund
- Assets
- $6.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Saint Louis, MO
- Founding
- 10/1980
- Data as of
- 10/2020
- EIN
- 43-6199203
Organization Overview
St Louis Glass & Allied Industries Health & Welfare Insurance Fund is located in Saint Louis, MO. The organization was established in 1980. 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 10/2020, St Louis Glass & Allied Industries Health & Welfare Insurance Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis Glass & Allied Industries Health & Welfare Insurance Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 10/2020, St Louis Glass & Allied Industries Health & Welfare Insurance Fund generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.3m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, PHARMACY, LIFE, DISABILITY, DENTAL AND VISION BENEFITS TO THE ELIGIBLE MEMBERS OF GLAZIERS AND GLASSWORKERS LOCAL 513 AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Farrell Union Trustee | Trustee | 1 | $0 |
Curtis Kimbrell Union Trustee | Trustee | 1 | $0 |
William Snow Employer Trustee | Trustee | 1 | $0 |
Timothy Brown Employer Trustee | Trustee | 1 | $0 |
John Deeken Union Trustee | Trustee | 1 | $0 |
Roger Sandbothe Employer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $130,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,259,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,524,904 |
| 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 | $0 |
| Fees for services: Legal | $24,686 |
| Fees for services: Accounting | $63,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,230 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,613 |
| 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 | $763 |
| All other expenses | $0 |
| Total functional expenses | $3,265,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,286 |
| Savings and temporary cash investments | $590,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392,978 |
| 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 | $3,092 |
| Investments—publicly traded securities | $5,225,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,432,537 |
| Accounts payable and accrued expenses | $6,952 |
| Grants payable | $0 |
| Deferred revenue | $24,071 |
| 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 | $512,968 |
| Total liabilities | $543,991 |
| 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 |
| Total liabilities and net assets/fund balances | $5,888,546 |