International Longshoremens Assn Employees Welfare Fund
- Assets
- $13.3m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Miramar, FL
- Founding
- 09/1960
- Data as of
- 09/2021
- EIN
- 59-0832169
Organization Overview
International Longshoremens Assn Employees Welfare Fund is located in Miramar, FL. The organization was established in 1960. 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, International Longshoremens Assn Employees Welfare Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Longshoremens Assn Employees 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 09/2021, International Longshoremens Assn Employees Welfare Fund generated $23.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $23.9m during the year ending 09/2021. While expenses have increased by 5.2% 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
THE ORGANIZATION IS A PARTIALLY INSURED PLAN PROVIDING HEALTH AND OTHER BENEFITS TO ALL ELIGIBLE PARTICIPANTS OF THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION (AFL-CIO) EMPLOYERS' FRINGE BENEFIT FUNDS, SOUTHEAST FLORIDA PORTS, AND COVERED DEPENDENTS, UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE PLAN YEAR ENDED SEPTEMBER 30, 2021, THE PLAN PROVIDED MEDICAL, DENTAL, PRESCRIPTION DRUGS AND VISION BENEFITS TO 1,840 PARTICIPANTS AND THEIR DEPENDENTS; LIFE INSURANCE BENEFITS TO 2,317 PARTICIPANTS AND THEIR DEPENDENTS; REIMBURSEMENT OF MEDICARE PREMIUMS TO 660 PATICIPANTS AND THEIR DEPENDENTS; VACATION AND HOLIDAY BENEFITS TO 1,319 PARTICIPANTS AND LEGAL REIMBURSEMENT BENEFIT TO 2,037 PARTICPANTS AND THEIR DEPENDENTS. THERE WERE NO SUPPLEMENTAL INCOME BENEFITS PROVIDED TO PLAN PARTICIPANTS.
DURING THE PLAN YEAR ENDED SEPTEMBER 30, 2021, THE PLAN PROVIDED MEDICAL, DENTAL, PRESCRIPTION DRUGS AND VISION BENEFITS TO 1,840 PARTICIPANTS AND THEIR DEPENDENTS; LIFE INSURANCE BENEFITS TO 2,317 PARTICIPANTS AND THEIR DEPENDENTS; REIMBURSEMENT OF MEDICARE PREMIUMS TO 660 PATICIPANTS AND THEIR DEPENDENTS; VACATION AND HOLIDAY BENEFITS TO 1,319 PARTICIPANTS AND LEGAL REIMBURSEMENT BENEFIT TO 2,037 PARTICPANTS AND THEIR DEPENDENTS. THERE WERE NO SUPPLEMENTAL INCOME BENEFITS PROVIDED TO PLAN PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Dixon Fund Manager | Officer | 20.4 | $61,746 |
Darryl Tunnage Former Trust | 0 | $16,854 | |
Anthony Gross Trustee | Trustee | 0.51 | $15,854 |
Eugene Dixon Trustee | Trustee | 0.51 | $15,854 |
Terrence Smith Former Trust | 0 | $15,854 | |
Torin Ragin Trustee | Trustee | 0.51 | $12,854 |
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 | $22,888,195 |
| Investment income | $12,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,063 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,975,135 |
| 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 | $21,576,888 |
| Compensation of current officers, directors, key employees. | $61,746 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,607 |
| Pension plan accruals and contributions | $15,841 |
| Other employee benefits | $0 |
| Payroll taxes | $693,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,670 |
| Fees for services: Accounting | $298,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,500 |
| Advertising and promotion | $0 |
| Office expenses | $30,521 |
| Information technology | $216,953 |
| 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 | $1,857 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,274 |
| Insurance | $73,962 |
| All other expenses | $29,150 |
| Total functional expenses | $23,932,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,429,012 |
| Savings and temporary cash investments | $499,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,411,409 |
| 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 | $201,961 |
| Net Land, buildings, and equipment | $2,717,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,999,292 |
| Total assets | $13,258,809 |
| Accounts payable and accrued expenses | $178,620 |
| 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 | $0 |
| Total liabilities | $178,620 |
| Net assets without donor restrictions | $13,080,189 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $13,258,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Food & Commercial Workers Emplys Health & Welfare Fund Atlanta, GA | $1,040,266 | $42,503,925 |
Georgia Stevedore Association Intl Longshoremens Assoc Welfare Fund Savannah, GA | $46,521,991 | $48,380,840 |
South Atlanta Ila Employers District Escrow Fund Jacksonville, FL | $35,752,499 | $36,311,328 |
South Atlantic Ila Employers Vacation And Holiday Fund Jacksonville, FL | $35,225,901 | $35,614,606 |
Electric Cooperatives Voluntary Employees Beneficiary Association Montgomery, AL | $4,519,979 | $32,498,506 |
East Alabama Medical Center Voluntary Employee Benef Assoc Tru Opelika, AL | $4,640,238 | $34,768,046 |
G M P-Employers Retiree Trust Fort Myers, FL | $580,904,885 | $59,519,883 |
Sas Veba Macon, GA | $992,706 | $26,850,962 |
Atlanta Plumbers And Steamfitters Pembroke Pines, FL | $35,100,852 | $35,306,908 |
International Longshoremens Assn Employees Welfare Fund Miramar, FL | $13,258,809 | $22,975,135 |
Delta Pilots Mutual Aid Inc Atlanta, GA | $32,525,981 | $19,077,805 |
Erc Inc Veba Tr Huntsville, AL | $599,093 | $18,794,118 |