Employers-Ila Nc Ports Welfare Plan

Organization Overview

Employers-Ila Nc Ports Welfare Plan is located in Wilmington, NC. The organization was established in 1994. 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 09/2021, Employers-Ila NC Ports Welfare Plan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers-Ila NC Ports 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 09/2021, Employers-Ila NC Ports Welfare Plan generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.7m during the year ending 09/2021. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LIFE INSURANCE, SHORT-TERM DISABILITY FOR ELIGIBLE PARTICIPANTS OF THE PLAN AND MAINTAINED PARTICIPANT ELIGIBILITY INFORMATION FOR THIRD PARTY COLLECTIVELY-BARGAINED MEDICAL, DENTAL, PHARMACY AND VISION BENEFITS FOR ALL PARTICIPANTS OF THE PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED LIFE INSURANCE AND SHORT-TERM DISABILITY FOR ELIGIBLE PARTICIPANTS OF THE PLAN AND MAINTAINED PARTICIPANT ELIGIBILITY INFORMATION FOR THIRD PARTY COLLECTIVELY-BARGAINED MEDICAL, DENTAL, PHARMACY, AND VISION BENEFITS FOR ALL PARTICIPANTS OF THE PLAN.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Womack
Administrato
$118,604
Charles E Seaton
Union Truste
$43
Gregory Washington
Union Truste
$43
Perty Grissett
Alternate Un
$43
Greg Melton
Alternate Un
$17
Michael Clemmons
Union Truste
$15

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$2,958,681
Investment income $29,833
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $26,226
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,624,877

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