Painting Industry Of Hawaii Health And Welfare Fund is located in Honolulu, HI. The organization was established in 1966. 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. Painting Industry Of Hawaii Health And Welfare 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, Painting Industry Of Hawaii Health And Welfare Fund generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 3.8% 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
THE ORGANIZATION IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN THAT PROVIDES HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE TERMS SET FORTH IN HE TRUST AGREEMENTS, THE RULES & REGULATIONS OF THE PLAN & COLLECTIVE BARGAINING AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL AND DRUG BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS: HMSA = PREMIUMS PAID - REFUND = $6,364,203 - $358,478 = $6,005,725KAISER = PREMIUMS PAID = $858,790
TO PROVIDE DENTAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
TO PROVIDE DISABILITY AND LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICPANTS AND THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dean Nagatoshi Employer Trustee | Trustee | 0.5 | $0 |
Ronald Yanagi Employer Trustee | Trustee | 0.5 | $0 |
Ryden Valmoja Union Trustee | Trustee | 0.5 | $0 |
Lorna Woo Union Trustee | Trustee | 0.5 | $0 |
Jaime Dominguez Employer Trustee | Trustee | 0.5 | $0 |
Robin Schlitzkus Union Trustee | Trustee | 0.5 | $0 |
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 | $8,230,630 |
Investment income | $653,556 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,892,715 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,776,901 |
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 | $7,440,703 |
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 | $266,730 |
Fees for services: Legal | $3,535 |
Fees for services: Accounting | $45,340 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $13,967 |
Fees for services: Other | $9,500 |
Advertising and promotion | $0 |
Office expenses | $4,497 |
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 | $10,296 |
All other expenses | $0 |
Total functional expenses | $7,794,846 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $182,174 |
Savings and temporary cash investments | $4,519,792 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,466,109 |
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 | $17,788,265 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $600,923 |
Total assets | $24,557,263 |
Accounts payable and accrued expenses | $99,676 |
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 | $41,250 |
Total liabilities | $140,926 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $24,416,337 |
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 | $24,557,263 |
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Pamcah Ua Local 675 Health & Welfare Fund Honolulu, HI | $68,839,865 | $29,640,823 |
Robert F Kennedy Farm Workers Medical Plan Keene, CA | $9,804,484 | $21,710,625 |
Carpenters Fund Adm Oakland, CA | $18,772,405 | $18,437,550 |
Associated General Contrcts Of Amer San Diego Chp Hlth & Wlfr Tr Fund San Diego, CA | $5,823,761 | $18,905,139 |
Northern Claifornia Bakery & Confectionery Health And Welfare Alameda, CA | $24,478,133 | $21,166,990 |
Boilermaker Vacation Trust Castro Valley, CA | $29,691,355 | $27,200,526 |
Orange County Employees Association Benefit Plans Santa Ana, CA | $43,592,542 | $18,015,858 |
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Union Roofers Health And Welfare Fund Downey, CA | $39,982,977 | $18,618,767 |
Ufcw-Hawaii Food Employers Health And Welfare Tr Fund Honolulu, HI | $15,360,844 | $20,561,706 |