Bricklayers Local 1 Of Md Va And Dc Health And Welfare Fund
- Assets
- $15.9m
- Revenue
- $6.3m
- Investments
- $2.3m
- Employees
- 12
- Location
- Laurel, MD
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 54-1008445
Organization Overview
Bricklayers Local 1 Of Md Va And Dc Health And Welfare Fund is located in Laurel, MD. The organization was established in 1992. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Bricklayers Local 1 Of MD VA And DC Health And Welfare Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bricklayers Local 1 Of MD VA And DC 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 12/2022, Bricklayers Local 1 Of MD VA And DC Health And Welfare Fund generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH BENEFITS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Garvin Co-Chair/union Trustee | Trustee | 1 | $0 |
Philip G Bryant Union Trustee | Trustee | 1 | $0 |
Chuck Driscoll Union Trustee | Trustee | 1 | $0 |
Todd Buckner Union Trustee | Trustee | 1 | $0 |
Pedro Clavijo Union Trustee | Trustee | 1 | $0 |
Thomas Strunge Employer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carefirst Of Maryland Inc Claims Processing | 12/30/22 | $310,461 |
Beacon Administrators Tpa | 12/30/22 | $174,170 |
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 | $5,858,880 |
| Investment income | $479,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,332,898 |
| 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 | $5,937,514 |
| 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 | $235,413 |
| Fees for services: Legal | $33,766 |
| Fees for services: Accounting | $21,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,246 |
| Fees for services: Other | $436,424 |
| Advertising and promotion | $0 |
| Office expenses | $42,880 |
| 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 | $987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,948 |
| All other expenses | $1,861 |
| Total functional expenses | $6,754,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,829,643 |
| Savings and temporary cash investments | $38,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $707,266 |
| 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 | $54,541 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,025,610 |
| Investments—other securities | $2,270,999 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,926,936 |
| Accounts payable and accrued expenses | $21,602 |
| 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 | $1,296,315 |
| Total liabilities | $1,317,917 |
| 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 | $14,609,019 |
| Total liabilities and net assets/fund balances | $15,926,936 |