Construction Industry & Laborers Health & Welfare Trust
- Assets
- $34.5m
- Revenue
- $31.1m
- Investments
- $3.0m
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 88-6002912
Organization Overview
Construction Industry & Laborers Health & Welfare Trust is located in Las Vegas, NV. The organization was established in 1964. 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. Construction Industry & Laborers Health & Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Construction Industry & Laborers Health & Welfare Trust generated $31.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $28.1m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH, ACCIDENT, LIFE AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, ACCIDENT, LIFE AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas White Trustee | Trustee | 4 | $0 |
Marco Hernandez Trustee | Trustee | 4 | $0 |
Chelsy Torres Trustee | Trustee | 4 | $0 |
James Barker Trustee | Trustee | 4 | $0 |
Ann Barnett Trustee | Trustee | 4 | $0 |
Mark Briggs Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson-mcshane Adminstrator | 12/30/23 | $1,506,000 |
Marathon Health Health Clinic | 12/30/23 | $1,868,398 |
Brownstein Hyatt Farber Schreck Llp Legal | 12/30/23 | $282,308 |
7135 Sahara Llc Rent | 12/30/23 | $304,150 |
Berry Co Cpas Accounting | 12/30/23 | $157,163 |
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 | $28,445,601 |
| Investment income | $775,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$846,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,138,066 |
| 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 | $22,881,614 |
| 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 | $254,969 |
| Pension plan accruals and contributions | $117,222 |
| Other employee benefits | $87,046 |
| Payroll taxes | $20,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $287,793 |
| Fees for services: Accounting | $157,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,238 |
| Fees for services: Other | $1,610,939 |
| Advertising and promotion | $0 |
| Office expenses | $98,457 |
| 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 | $5,676 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,157 |
| Insurance | $88,065 |
| All other expenses | $0 |
| Total functional expenses | $28,052,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,722,829 |
| Savings and temporary cash investments | $2,343,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,719,031 |
| 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 | $312,249 |
| Investments—publicly traded securities | $22,030,002 |
| Investments—other securities | $3,028,619 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,349,413 |
| Total assets | $34,505,711 |
| Accounts payable and accrued expenses | $135,840 |
| 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 | $15,873,620 |
| Total liabilities | $16,009,460 |
| 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 | $18,496,251 |
| Total liabilities and net assets/fund balances | $34,505,711 |