East Bay Drayage Drivers Security is located in Walnut Creek, CA. The organization was established in 1957. 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. East Bay Drayage Drivers Security is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 10/2021, East Bay Drayage Drivers Security generated $78.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $68.2m during the year ending 10/2021. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Valle Trustee | Trustee | 1 | $0 |
Dominic Chiovare Trustee | Trustee | 1 | $0 |
Mark Hawkins Trustee | Trustee | 1 | $0 |
Marty Frates Trustee | Trustee | 1 | $0 |
Felix Martinez Trustee | Trustee | 1 | $0 |
See Schedule O For Compensation Paid By Related Organizations | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Corcoran Administrators Contract Administrator | 10/30/21 | $1,287,368 |
Innovative Cost Management Consulting Services | 10/30/21 | $106,500 |
Mcmorgan & Co Investment Management | 10/30/21 | $177,345 |
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 | $73,702,923 |
Investment income | $1,439,776 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,793,401 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $78,936,100 |
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 | $65,866,275 |
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 | $1,376,661 |
Fees for services: Legal | $52,991 |
Fees for services: Accounting | $39,399 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $289,476 |
Fees for services: Other | $454,438 |
Advertising and promotion | $0 |
Office expenses | $45,026 |
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 | $16,610 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $42,161 |
All other expenses | $6,532 |
Total functional expenses | $68,189,569 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,931,752 |
Savings and temporary cash investments | $391,192 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,395,639 |
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 | $37,660 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $60,498,082 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $71,254,325 |
Accounts payable and accrued expenses | $153,440 |
Grants payable | $0 |
Deferred revenue | $18,461 |
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 | $7,757,196 |
Total liabilities | $7,929,097 |
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 | $63,325,228 |
Total liabilities and net assets/fund balances | $71,254,325 |