California Ironworkers Field Welfare Plan
- Assets
- $261.1m
- Revenue
- $189.0m
- Investments
- $191.0k
- Employees
- 1,361
- Location
- Pasadena, CA
- Founding
- 12/1954
- Data as of
- 05/2022
- EIN
- 95-6042868
Organization Overview
California Ironworkers Field Welfare Plan is located in Pasadena, 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 05/2022, California Ironworkers Field Welfare Plan employed 1,361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Ironworkers Field Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, California Ironworkers Field Welfare Plan generated $189.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $211.3m during the year ending 05/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL, HOSPITAL, LIFE, VISION, PRESCRIPTION DRUGS, DENTAL AND OTHER BENEFITS TO ACTIVE AND RETIREE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vidal Zambrano Trustee | Trustee | 1 | $0 |
Daniel Welsh Trustee | Trustee | 1 | $0 |
Karl Pineo Trustee | Trustee | 1 | $0 |
Jesus Castaneda Trustee | Trustee | 1 | $0 |
Richard Barbour Trustee | Trustee | 1 | $0 |
Jason Sangster Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ironworkers Employees Benefits Corp Plan Administra | 5/30/22 | $2,999,184 |
Anthem Blue Cross Life Health Aso Fees | 5/30/22 | $2,046,078 |
The Segal Company Actuarial | 5/30/22 | $260,450 |
Delta Dental Of California Aso Fees | 5/30/22 | $525,228 |
Kraw Law Group Legal | 5/30/22 | $277,966 |
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 | $186,935,357 |
| Investment income | $1,730,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $296,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,962,562 |
| 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 | $206,242,476 |
| 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 | $3,036,862 |
| Fees for services: Legal | $260,622 |
| Fees for services: Accounting | $126,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,562 |
| Fees for services: Other | $371,412 |
| Advertising and promotion | $0 |
| Office expenses | $419,743 |
| Information technology | $304,973 |
| Royalties | $0 |
| Occupancy | $280,947 |
| Travel | $9,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,832 |
| Insurance | $138,498 |
| All other expenses | $0 |
| Total functional expenses | $211,336,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,111,944 |
| 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 | $110,779 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $232,527,994 |
| Investments—other securities | $191,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,030 |
| Total assets | $261,061,747 |
| Accounts payable and accrued expenses | $1,101,715 |
| 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 | $222,626,069 |
| Total liabilities | $223,727,784 |
| 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 | $37,333,963 |
| Total liabilities and net assets/fund balances | $261,061,747 |