Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan
- Assets
- $668.3m
- Revenue
- $134.7m
- Investments
- $633.6m
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 12/2015
- Data as of
- 05/2023
- EIN
- 46-5243652
Organization Overview
Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan is located in Westchester, IL. The organization was established in 2015. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan generated $134.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $96.6m during the year ending 05/2023. While expenses have increased by 7.6% 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
THE PLAN PROVIDES HEALTH, PRESCRIPTION, DENTAL, VISION TO ALL ELIGIBLE RETIREE PARTICIPANTS AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, PRESCRIPTION, DENTAL, VISION TO ELIGIBLE RETIREE PARTICIPANTS AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Connolly Trustee | Trustee | 1 | $0 |
Joseph Healy Trustee | Trustee | 1 | $0 |
Martin Flanagan Trustee | Trustee | 1 | $0 |
Richard Kuczkowski Trustee | Trustee | 1 | $0 |
William Martin Trustee | Trustee | 1 | $0 |
Frank Taffora Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zelis Payment Holdings Llc Payment Processing | 5/30/23 | $247,368 |
Ullico Investment Advisors Investment Fees | 5/30/23 | $229,162 |
Vitech Systems Group Inc System Software | 5/30/23 | $222,199 |
Loomis Sayles & Company Investment Fees | 5/30/23 | $210,738 |
National Investment Services Inc Investment Fees | 5/30/23 | $147,171 |
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 | $126,626,429 |
| Investment income | $10,087,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,087,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,687,222 |
| 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 | $90,350,540 |
| 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 | $2,046,515 |
| Pension plan accruals and contributions | $805,788 |
| Other employee benefits | $795,298 |
| Payroll taxes | $158,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,267 |
| Fees for services: Accounting | $236,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $786,187 |
| Fees for services: Other | $192,592 |
| Advertising and promotion | $0 |
| Office expenses | $442,994 |
| Information technology | $278,773 |
| Royalties | $0 |
| Occupancy | $173,711 |
| 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 | $134,514 |
| Insurance | $82,482 |
| All other expenses | $6,014 |
| Total functional expenses | $96,611,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$585,633 |
| Savings and temporary cash investments | $9,902,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,117,691 |
| 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 | $143,789 |
| Net Land, buildings, and equipment | $1,048,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $633,602,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,080,752 |
| Total assets | $668,309,479 |
| Accounts payable and accrued expenses | $607,021 |
| 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 | $4,032,041 |
| Total liabilities | $4,639,062 |
| 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 | $663,670,417 |
| Total liabilities and net assets/fund balances | $668,309,479 |