International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124
- Assets
- $53.9m
- Revenue
- $43.1m
- Investments
- $4.3m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 11/1954
- Data as of
- 08/2021
- EIN
- 44-0569165
Organization Overview
International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 is located in Kansas City, MO. The organization was established in 1954. 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. International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2021, International Brotherhood Of Eletrl Workers Hlth & Wlfr Fnd Local 124 generated $43.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $42.1m during the year ending 08/2021. While expenses have increased by 2.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PAYS MEDICAL, DENTAL, VISION, SICKNESS, AND DEATH BENEFITS ON BEHALF OF APPROXIMATLEY 3,000 UNION MEMBERS AND THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth C Borden Chairman, Trustee | OfficerTrustee | 2 | $0 |
John Fennesy Secretary, Trustee Until 7/31/21 | OfficerTrustee | 2 | $0 |
Bo Moreno Secretary, Trustee As Of 7/31/21 | OfficerTrustee | 2 | $0 |
Gregory P Cianciolo Trustee | Trustee | 1 | $0 |
Donald G Laffoon Trustee | Trustee | 1 | $0 |
Michael Quarles Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Administrative Services | 8/30/21 | $894,309 |
Arnold Newbold Sollars And Hollins Legal Services | 8/30/21 | $131,684 |
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 | $40,594,913 |
| Investment income | $1,082,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,081,822 |
| 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 | $39,389,190 |
| 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 | $0 |
| Fees for services: Legal | $144,894 |
| Fees for services: Accounting | $56,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,970 |
| Fees for services: Other | $951,937 |
| Advertising and promotion | $0 |
| Office expenses | $27,579 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,242 |
| 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 | $15,061 |
| Insurance | $21,556 |
| All other expenses | $58,493 |
| Total functional expenses | $42,085,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,056,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,698,938 |
| Loans from Officers, Directors, or Controlling Persons | $13,727 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $42,467,770 |
| Investments—other securities | $4,337,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,525 |
| Total assets | $53,905,804 |
| Accounts payable and accrued expenses | $453,599 |
| 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 | $258,780 |
| Total liabilities | $712,379 |
| 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 | $53,193,425 |
| Total liabilities and net assets/fund balances | $53,905,804 |
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Olin Employees Benefit Association Trust Clayton, MO | $9,540,806 | $107,158,504 |
Seiu Healthcare Il Home Care & Child Care Fund Chicago, IL | $235,309,739 | $118,872,167 |
Kraft Foods Global Inc Retiree Health And Life Benefit Tr Chicago, IL | $1,155,325,144 | $69,120,518 |
Teamsters & Employers Welfare Trust Of Illinois Earth City, MO | $101,818,713 | $113,173,281 |
Automobile Mechanics-701 Union And Industry Welfare Fund-Trust Burr Ridge, IL | $251,648,514 | $107,015,909 |
National Board Of Ymca Employee Benefit Trust Chicago, IL | $37,583,698 | $83,776,536 |
Federal Express Corporation Wage Continuation Trust Collierville, TN | $1,372,581 | $82,936,752 |
Mcmaster-Carr Supply Co Employees Welfare Tr Elmhurst, IL | $451,957,330 | $124,315,819 |
Exxon Mobil Master Welfare Benefit Trust Chicago, IL | $112 | $87,541,130 |