Motion Picture H&w Fund
- Assets
- $1.4b
- Revenue
- $1.1b
- Investments
- $47.8m
- Employees
- 320
- Location
- Studio City, CA
- Founding
- 02/1954
- Data as of
- 12/2021
- EIN
- 95-6042583
Organization Overview
Motion Picture H&w Fund is located in Studio City, CA. The organization was established in 1954. 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 12/2021, Motion Picture H&w Fund employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motion Picture H&w Fund 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, Motion Picture H&w Fund generated $1.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.1b during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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 ADMINISTER HEALTH BENEFITS TO PARTICIPANTS WHO QUALIFY FOR SUCH AS PER THE PLAN'S TRUST AGREEMENT AND COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER HEALTH BENEFITS TO PARTICIPANTS WHO QUALIFY FOR SUCH AS PER THE PLAN'S TRUST AGREEMENT AND COLLECTIVE BARGAINING AGREEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Employee 1261 Senior Director | 12 | $66,790 | |
Daniel Grossman Director | Trustee | 1 | $0 |
Helayne Antler Director | Trustee | 1 | $0 |
Krysten Brennan Director | Trustee | 1 | $0 |
Nicole Gustafson Director | Trustee | 1 | $0 |
Eryn Doherty Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nigro Karlin Segal Feldstein Boln Audit | 12/30/21 | $2,256,749 |
Grantham Mayo Van Otterloo Compan Investment Manager | 12/30/21 | $1,172,257 |
Lockton Insurance Brokers Llc Insurance Broker | 12/30/21 | $1,985,973 |
Miller Kaplan Arase Llc Audit | 12/30/21 | $1,046,759 |
Cheiron Actuary | 12/30/21 | $1,182,349 |
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 | $1,041,512,142 |
| Investment income | $36,220,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,669,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,401,568 |
| 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 | $1,030,881,714 |
| Compensation of current officers, directors, key employees. | $869,991 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,063,763 |
| Pension plan accruals and contributions | $1,608,216 |
| Other employee benefits | $1,953,353 |
| Payroll taxes | $1,135,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,510,262 |
| Fees for services: Accounting | $3,233,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,058,994 |
| Fees for services: Other | $2,154,289 |
| Advertising and promotion | $0 |
| Office expenses | $119,184 |
| Information technology | $4,177,167 |
| Royalties | $0 |
| Occupancy | $2,371,026 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,816,420 |
| Insurance | $1,192,966 |
| All other expenses | $0 |
| Total functional expenses | $1,072,946,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $284,042,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,054,325 |
| 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 | $1,366,919 |
| Net Land, buildings, and equipment | $17,765,785 |
| Investments—publicly traded securities | $917,311,562 |
| Investments—other securities | $47,801,395 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,351,342,303 |
| Accounts payable and accrued expenses | $10,955,068 |
| 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 | $876,748,990 |
| Total liabilities | $887,704,058 |
| 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 | $463,638,245 |
| Total liabilities and net assets/fund balances | $1,351,342,303 |