H R S A-I L A Fringe Benefit Fund
- Assets
- $22.7m
- Revenue
- $27.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 00/0000
- Data as of
- 09/2021
- EIN
- 54-1218271
Organization Overview
H R S A-I L A Fringe Benefit Fund is located in Norfolk, VA. The organization was established in 0000. 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. H R S A-I L A Fringe Benefit 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, H R S A-I L A Fringe Benefit Fund generated $27.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $437.1k during the year ending 09/2021. While expenses have increased by 3.9% 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
ADMINISTER EMPLOYER CONTRIBUTIONS NECESSARY TO FUND EMPLOYEE FRINGE BENEFIT PROGRAMS REQUIRED PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED AND ADMINISTERED EMPLOYER CONTRIBUTIONS NECESSARY TO FUND EMPLOYEE FRINGE BENEFIT PROGRAMS REQUIRED PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Greene Administrator | Officer | 3 | $20,934 |
George H Brown Trustee | Trustee | 0.5 | $0 |
Stephen Walton Trustee | Trustee | 0.5 | $0 |
Larry A Bachtell Trustee | Trustee | 0.5 | $0 |
Michael Heath Trustee | Trustee | 0.5 | $0 |
Kevin Halstead Trustee | Trustee | 0.5 | $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 | $27,245,971 |
| Investment income | $16,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,315,489 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $24,648 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,380 |
| Pension plan accruals and contributions | $11,887 |
| Other employee benefits | $38,546 |
| Payroll taxes | $11,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,561 |
| Fees for services: Accounting | $26,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,714 |
| Advertising and promotion | $0 |
| Office expenses | $72,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,648 |
| Travel | $8 |
| 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 | $56,178 |
| Insurance | $11,075 |
| All other expenses | $7,640 |
| Total functional expenses | $437,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,024,082 |
| Savings and temporary cash investments | $6,483,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,808,277 |
| 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 | $202,301 |
| Net Land, buildings, and equipment | $2,011,357 |
| Investments—publicly traded securities | $3,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,665 |
| Total assets | $22,655,790 |
| Accounts payable and accrued expenses | $291,192 |
| 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 | $3,179,535 |
| Total liabilities | $3,470,727 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $17,542,084 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,642,979 |
| Total liabilities and net assets/fund balances | $22,655,790 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Mine Workers Of America 1992 Benefit Fund Washington, DC | $91,435,529 | $93,482,650 |
Seafarers Health And Benefits Plan Camp Springs, MD | $361,329,648 | $134,289,956 |
Railroad Employees National Dental Plan And Trust Arlington, VA | $18,437,923 | $95,306,519 |
Major League Baseball Players Welfare Plan Sparks, MD | $102,987,499 | $91,126,432 |
Federal Express Corporation Wage Continuation Trust Collierville, TN | $1,372,581 | $82,936,752 |
4th District Ibew Health Fund Ona, WV | $62,184,887 | $82,305,035 |
Hendrick Automotive Group Employee Benefit Trust Charlotte, NC | $16,447,388 | $78,698,488 |
M M & P Health & Benefit Fund Linthicum Heights, MD | $64,051,894 | $79,890,860 |
Teamsters Joint Council-83 Of Virginia Health & Welfare Insuranc Richmond, VA | $132,877,433 | $82,556,790 |
Fringe Benefit Plan For Service Contract Act Employees Of Maximus Mclean, VA | $33,285,235 | $84,048,714 |
United Mine Workers Of America Combined Benefit Fund Washington, DC | $97,120,269 | $64,763,632 |
First Horizon National Corporation Memphis, TN | $6,241,012 | $69,750,966 |