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← IBEW LOCAL 1392 HEALTH & WELFARE FUND

Form 990 for tax year 2024

Filed by IBEW LOCAL 1392 HEALTH & WELFARE FUND.

Totals

Total revenue
$811,487
Total expenses
$807,604
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$711,393
Investment income
$94
Other revenue
$100,000
Total assets, end of year
$172,130
Total liabilities, end of year
$317,362
Net assets or fund balances, end of year
-$145,232
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $604,665 · related or exempt $604,665

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $106,728 · related or exempt $106,728

  • 3 · Investment income

    total $94 · unrelated business $94

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $100,000 · related or exempt $100,000

  • 11e · Other revenue, total

    $100,000

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $507,155

  • 11b · Fees: legal

    total $8,349

  • 11c · Fees: accounting

    total $9,975

  • 11f · Fees: investment management

    total $124

  • 11g · Fees: other

    total $15,452

  • 13 · Office expenses

    total $1,754

  • 23 · Insurance

    total $188,906

  • 24a · Other expenses: ADMINISTRATIVE FEE

    total $38,287

  • 24b · Other expenses: CONSULTING FEE

    total $26,333

  • 24c · Other expenses: ACTUARY

    total $10,265

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $1,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,102 · end of year $83,833

  • 2 · Savings and temporary cash investments

    beginning of year $7,763 · end of year $1

  • 4 · Accounts receivable

    beginning of year $82,323 · end of year $50,727

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,203 · end of year $37,569

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,215 · end of year $59,724

  • 25 · Other liabilities

    beginning of year $238,948 · end of year $257,638

  • 27 · Net assets without donor restrictions

    beginning of year -$190,772 · end of year -$145,232

Mission and programs · 2024

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

  • PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

As filed on the 2024 return.

Listed in Part VII

  • Martin Fransted

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Mathews

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alan Reeves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rich Siri Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Corey Noland

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Andrew Graeber

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • KOONTZ-WAGNER CUSTOM CONTROLS HOLDINGS LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ENYART ELECTRIC MOTOR REPAIR INC

  • NORTHERN ELECTRIC INC

  • KOONTZ-WAGNER SERVICES INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202621079349300132

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