Board Of Trustees South Florida Hotel & Culinary Employees Welfare
- Assets
- $21.6m
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pembroke Pines, FL
- Founding
- 11/1980
- Data as of
- 12/2021
- EIN
- 59-2031804
Organization Overview
Board Of Trustees South Florida Hotel & Culinary Employees Welfare is located in Pembroke Pines, FL. The organization was established in 1980. 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. Board Of Trustees South Florida Hotel & Culinary Employees Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Board Of Trustees South Florida Hotel & Culinary Employees Welfare generated $28.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $18.3m during the year ending 12/2021. 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 FUNDS PURPOSE IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS UNDER THE TERMS OF VARIOUS COLLECTIVELY BARGAINED AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL AND HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendi Walsh Trustee | Trustee | 1 | $0 |
Michael D'angelo Trustee | Trustee | 1 | $0 |
Jeremy Cruz Trustee | Trustee | 1 | $0 |
George Greene Trustee | Trustee | 1 | $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 | $24,662,439 |
| Investment income | $495,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,066,603 |
| 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 | $17,550,754 |
| 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 | $408,433 |
| Fees for services: Legal | $70,400 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,005 |
| Fees for services: Other | $78,000 |
| Advertising and promotion | $0 |
| Office expenses | $52,159 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,982 |
| All other expenses | $26,834 |
| Total functional expenses | $18,304,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,038,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,497,432 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,097,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,634,060 |
| Accounts payable and accrued expenses | $56,485 |
| 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 | $5,714,000 |
| Total liabilities | $5,770,485 |
| Net assets without donor restrictions | $15,863,575 |
| 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 | $21,634,060 |
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 |