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← IBEW LOCAL 712 - WELFARE TRUST FUND

Form 990 for tax year 2024

Filed by IBEW LOCAL 712 - WELFARE TRUST FUND.

Totals

Total revenue
$15,359,508
Total expenses
$10,668,924
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,935,218
Investment income
$3,419,652
Other revenue
$4,638
Total assets, end of year
$95,720,645
Total liabilities, end of year
$1,237,705
Net assets or fund balances, end of year
$94,482,940
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: CONTRACTOR ASSESSMENTS

    total $9,932,437 · related or exempt $9,932,437

  • 2b · Program service revenue: RECIPROCITY CONTRIBUTIONS

    total $1,956,306 · related or exempt $1,956,306

  • 2c · Program service revenue: MEMBER CONTRIBUTIONS

    total $46,475 · related or exempt $46,475

  • 3 · Investment income

    total $3,162,480 · excluded $3,162,480

  • 7b · Less cost or other basis and sales expenses

    securities -$257,172

  • 7c · Gain or loss

    securities $257,172

  • 7d · Net gain or loss

    total $257,172 · excluded $257,172

  • 11a · Other revenue: SUBROGATION INCOME

    total $4,638 · excluded $4,638

  • 11e · Other revenue, total

    $4,638

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,582,129

  • 11a · Fees: management

    total $279,614

  • 11b · Fees: legal

    total $37,247

  • 11c · Fees: accounting

    total $23,026

  • 11f · Fees: investment management

    total $127,869

  • 11g · Fees: other

    total $47,794

  • 13 · Office expenses

    total $31,349

  • 19 · Conferences, conventions and meetings

    total $6,652

  • 23 · Insurance

    total $442,731

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $74,720

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $13,313

  • 24c · Other expenses: ERTS SERVICE FEES

    total $2,480

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,744,684 · end of year $10,828,844

  • 4 · Accounts receivable

    beginning of year $1,823,965 · end of year $1,607,539

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,389 · end of year $15,933

  • 11 · Investments: publicly traded securities

    beginning of year $60,638,485 · end of year $63,563,374

  • 12 · Investments: other securities

    beginning of year $17,902,932 · end of year $19,704,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,785,407 · end of year $1,237,705

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $88,337,048 · end of year $94,482,940

Mission and programs · 2024

Mission

THE 600 ACTIVE IBEW MEMBERS AND THEIR DEPENDENTS HAD ACCESS TO MEDICAL AND NON-OCCUPATIONAL DENTAL BENEFITS AND CERTAIN DEATH BENEFITS.

Activities or mission (Part I)

MEDICAL/DEATH BENEFITS TO MEMBERS AND DEPENDENTS.

  • THE 600 ACTIVE IBEW MEMBERS AND THEIR DEPENDENTS HAD ACCESS TO MEDICAL AND NON-OCCUPATIONAL DENTAL BENEFITS AND CERTAIN DEATH BENEFITS.

As filed on the 2024 return.

Listed in Part VII

  • MICHAEL D ROBINSON JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 4.5 related

  • ROBERT J BRUCE THRU 82024

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 4 related

  • MATT COWIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 7.5 related

  • DECLAN M PAPE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 4.5 related

  • JAY BRUCE AS OF 82024

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 4 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202522869349302007

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