Sup Welfare Plan INC FY2020 filing

Not tax-deductible

San Francisco, CAMutual-benefit / member-servingSince 1966EIN 94-1243666Revenue $9.8M in FY2020

On file with the IRS730 Harrison St Ste 415, 94107-1260 · San Francisco, CATax-exempt since Dec 1953

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To provide health and Welfare benefits.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.1M a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.6M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.8M
Spent
$8.2M
Net assets
$20.7M
By yearFY2020–FY2024
Revenue
$9.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.8M
FY2021$10.1M
FY2022$10.0M
FY2023$10.1M
FY2024$11.1M
FY2024$12.0M
Expenses
$8.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.2M
FY2021$8.0M
FY2022$8.0M
FY2023$7.7M
FY2024$8.7M
FY2024$8.8M
Net assets
$20.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$20.7M
FY2021$22.4M
FY2022$23.1M
FY2023$25.1M
FY2024$28.3M
FY2024$31.7M

From the FY2020 Form 990 (year ending July 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1953.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paid by Related Organizations
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024
Michelle Chang—$152,039
Michellechang$127,059—
Wilhemina Alday—$105,146
Wilheminaalday$86,619—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sup Welfare Plan INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers health and welfare benefits to those in need.

Provided by the organization

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1 program · in their own filed words · FY2019
01

Provided health and welfare benefits to eligible participants covered under the collective bargaining agreements.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.8M
Ln 12
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$626K
Other incomeLn 4–11$9K
Money outPt IX
$8.2M
Ln 25
Owns and owesPt X
$20.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$25.3M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$626K
Other incomeLn 4–11$9K
Gains on assetsLn 7$25K
Total revenueLn 12$9.8M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$21.0M
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$25.3M
LiabilitiesLn 26$4.6M
Net assetsLn 32$20.7M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.1M$2.6M
InvestmentsLn 11–13$18.9M$21.0M
Land, buildings, equipmentLn 10c$4K$6K
Total assetsLn 16$22.8M$25.3M
LiabilitiesLn 26$4.4M$4.6M
Net assetsLn 32$18.5M$20.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$7.3M
Other salaries and wagesLn 7$365K
Pension plan contributionsLn 8$62K
Other employee benefitsLn 9$65K
Payroll taxesLn 10$28K
Legal feesLn 11b$28K
Accounting feesLn 11c$33K
Investment management feesLn 11f$43K
Other fees for servicesLn 11g$66K
Office expensesLn 13$43K
Information technologyLn 14$16K
OccupancyLn 16$48K
Conferences, conventions and meetingsLn 19$4K
Payments to affiliatesLn 21$92K
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$16K
Total functional expensesLn 25$8.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $11.1M$8.7M$2.4M$28.3M 990 PDF
FY2023 $10.1M$7.7M$2.4M$25.1M 990 PDF
FY2022 $10.0M$8.0M$2.0M$23.1M 990 PDF
FY2021 $10.1M$8.0M$2.1M$22.4M 990 PDF
FY2020 Viewing $9.8M$8.2M$1.6M$20.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $9,813,720 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $9,176,341$9,178,831
I-10 Investment incomePrior year $494,437$625,935
I-11 Other revenuePrior year $11,606$8,954
I-12 Total revenuePrior year $9,682,384$9,813,720
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $6,958,630$7,296,410
I-15 Salaries and benefitsPrior year $471,935$518,655
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $409,277$411,523
I-18 Total expensesPrior year $7,839,842$8,226,588
I-19 Revenue less expensesPrior year $1,842,542$1,587,132
Part VI · Governance 0 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,813,720 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,178,831$9,178,831
VIII-3 Investment incomeExcluded from tax $600,617$600,617
VIII-5 RoyaltiesExcluded from tax $8,954$8,954
VIII-7 Net gain or loss on sales of assetsExcluded from tax $25,318$25,318
VIII-12 Total revenueRelated to mission $9,178,831 · Unrelated business $0 · Excluded from tax $634,889$9,813,720
Part IX · Statement of functional expenses $8,226,588 across 17 lines filed
IX-4 Benefits paid to or for members$7,296,410
IX-7 Other salaries and wages$364,578
IX-8 Pension plan contributions$61,650
IX-9 Other employee benefits$64,702
IX-10 Payroll taxes$27,725
IX-11b Legal fees$27,980
IX-11c Accounting fees$32,900
IX-11f Investment management fees$43,010
IX-11g Other fees for services$66,104
IX-13 Office expenses$43,017
IX-14 Information technology$16,025
IX-16 Occupancy$47,836
IX-19 Conferences, conventions and meetings$4,402
IX-21 Payments to affiliates$91,541
IX-22 Depreciation, depletion and amortization$3,748
IX-23 Insurance$19,050
IX-24 Other expenses (24a–d)$15,910
IX-25 Total functional expenses$8,226,588
Part X · Balance sheet $25,293,210 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,176,081$1,403,537
X-2 Savings and temporary cash investmentsStart of year $951,918$1,234,237
X-4 Accounts receivableStart of year $1,710,501$1,591,239
X-9 Prepaid expenses and deferred chargesStart of year $88,747$87,299
X-10c Land, buildings and equipment, netStart of year $4,091$5,561
X-11 Publicly traded securitiesStart of year $18,911,478$20,971,337
X-16 Total assetsStart of year $22,842,816$25,293,210
X-17 Accounts payable and accrued expensesStart of year $709,218$722,493
X-25 Other liabilitiesStart of year $3,672,985$3,883,005
X-26 Total liabilitiesStart of year $4,382,203$4,605,498
X-32 Total net assets or fund balancesStart of year $18,460,613$20,687,712
X-33 Total liabilities and net assetsStart of year $22,842,816$25,293,210
Part XI · Reconciliation of net assets $20,687,712 net assets at year end
XI-1 Total revenue$9,813,720
XI-2 Total expenses$8,226,588
XI-3 Revenue less expenses$1,587,132
XI-4 Net assets at start of year$18,460,613
XI-5 Net unrealized gains (losses) on investments$639,967
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,687,712

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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