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Nonprofiteer
← MICHIGAN STATE PAINTERS INSURANCE FUND

Form 990 for tax year 2022

Filed by MICHIGAN STATE PAINTERS INSURANCE FUND.

Totals

Total revenue
$7,307,797
Total expenses
$7,747,386
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,035,214
Investment income
$820,297
Other revenue
-$547,714
Total assets, end of year
$18,067,341
Total liabilities, end of year
$1,159,594
Net assets or fund balances, end of year
$16,907,747
Program services expenses (Part IX)
$7,747,386
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,747,386

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $6,236,678 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Employee contributions

    total $789,596 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Cost of collection

    total $8,940 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,123,409 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $214,826

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

    securities $517,938

  • 7c · Gain or loss

    securities -$303,112

  • 7d · Net gain or loss

    total -$303,112 · related or exempt -$303,112 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Unrealized gains on investments

    total -$547,714 · related or exempt -$547,714 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$547,714

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,406,990 · program services $7,406,990

  • 11b · Fees: legal

    total $68,028 · program services $68,028 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $17,097 · program services $17,097 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $19,923 · program services $19,923 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $46,501 · program services $46,501 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $19,655 · program services $19,655 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $25,390 · program services $25,390 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $13,040 · program services $13,040 · management and general $0 · fundraising $0

  • 24a · Other expenses: Third Party Administrator

    total $102,470 · program services $102,470 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank service charges

    total $26,625 · program services $26,625 · management and general $0 · fundraising $0

  • 24c · Other expenses: Dues

    total $1,413 · program services $1,413 · management and general $0 · fundraising $0

  • 24d · Other expenses: Telephone

    total $254 · program services $254 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424,679 · end of year $402,963

  • 4 · Accounts receivable

    beginning of year $632,407 · end of year $999,191

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,999 · end of year $79,187

  • 13 · Investments: program-related

    beginning of year $17,286,407 · end of year $16,586,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,068,156 · end of year $1,159,594

  • 31 · Retained earnings, endowment or other funds

    beginning of year $17,347,336 · end of year $16,907,747

Mission and programs · 2022

Mission

To provide health benefits

  • Administrative and benefit costs for self-insured health care plan.

    Expenses $7,747,386 · Revenue $7,307,797

As filed on the 2022 return.

Listed in Part VII

  • Philip Bradley

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Joshua Ovalle

    Trustee

    Total calculated
    $89,158
    From this org
    $0
    From related orgs
    $89,158
    Other
    $0
    Hours/week
    1
  • Robert Gonzalez

    Trustee

    Total calculated
    $127,462
    From this org
    $0
    From related orgs
    $127,462
    Other
    $0
    Hours/week
    1
  • Nick Pape

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Travis Cary

    Trustee

    Total calculated
    $79,308
    From this org
    $0
    From related orgs
    $79,308
    Other
    $0
    Hours/week
    1
  • Harlow Murray

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Tim Schwerin

    Trustee

    Total calculated
    $87,697
    From this org
    $0
    From related orgs
    $87,697
    Other
    $0
    Hours/week
    1
  • Gary Niles

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Thomas Niles

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Fred Frederickson

    Trustee

    Total calculated
    $99,982
    From this org
    $0
    From related orgs
    $99,982
    Other
    $0
    Hours/week
    1
  • Dominic Logeonelo

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jake Fluty

    Trustee

    Total calculated
    $98,328
    From this org
    $0
    From related orgs
    $98,328
    Other
    $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 corporations and trusts

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

  • A&S Industrial Coating

    construction · MI · 0% owned

  • Acoustical Arts Inc

    construction · MI · 0% owned

  • Atsalis Brothers

    construction · MI · 0% owned

  • B&B Contracting Service

    construction · MI · 0% owned

  • Central Painting

    construction · IN · 0% owned

  • Champion Painting Inc

    construction · FL · 0% owned

  • Civil Coatings & Construction

    construction · IN · 0% owned

  • Clark Construction Company

    construction · MI · 0% owned

  • Cook Jackson Contractors

    construction · MI · 0% owned

  • Crown Corr Inc

    construction · IN · 0% owned

  • Detroit Spectrum Painters

    construction · MI · 0% owned

  • Duncan Painting Company

    construction · MI · 0% owned

  • Edward J Painting

    construction · MI · 0% owned

  • EGD Glass and Door

    construction · MI · 0% owned

  • G&T Commercial Coatings Inc

    construction · MI · 0% owned

  • Glasco Corporation

    construction · MI · 0% owned

  • Great Lakes Ceiling & Carp Inc

    construction · MI · 0% owned

  • Hackett Construction Company

    construction · MI · 0% owned

  • Hock Painting Inc

    construction · MI · 0% owned

  • Howard Grote & Sons Inc

    construction · WI · 0% owned

  • Industrial Fireproofing & Coat

    construction · MI · 0% owned

  • Integrity Interiors Inc

    construction · MI · 0% owned

  • IWR North America LLC

    construction · MO · 0% owned

  • JT Thorpe & Sons Inc

    construction · CA · 0% owned

  • John B Conomos Inc

    construction · PA · 0% owned

  • Kaycee Construction

    construction · MI · 0% owned

  • The Large Company

    construction · MI · 0% owned

  • MG McGrath Inc

    construction · MI · 0% owned

  • ManiaciWatt LLC

    construction · MI · 0% owned

  • Meyer Glass & Mirror

    construction · IN · 0% owned

  • Mid Michigan Pride Painting

    construction · MI · 0% owned

  • Misener Industrial Painting

    construction · MI · 0% owned

  • Murray Painting Company

    construction · MI · 0% owned

  • NB Processing

    construction · MI · 0% owned

  • National Enclosure Company

    construction · MI · 0% owned

  • National Ind Shop Coatings

    construction · MI · 0% owned

  • Niles Const Services Inc

    construction · MI · 0% owned

  • Niles Industrial Coatings

    construction · MI · 0% owned

  • Nova Architectual Glass

    construction · MI · 0% owned

  • Outfront Media

    construction · WI · 0% owned

  • PCI Energy Service

    construction · SC · 0% owned

  • Permasteelisa North America

    construction · CT · 0% owned

  • Peterson Glass Company

    construction · MI · 0% owned

  • Preferred Const & Bldg Svcs

    construction · MI · 0% owned

  • Pro Pipeline

    construction · MI · 0% owned

  • R&L Painting

    construction · MI · 0% owned

  • Schweitzer Inc

    construction · MI · 0% owned

  • Skylight Consultants of America

    construction · IN · 0% owned

  • Strong Power Wash Blast & Paint

    construction · MI · 0% owned

  • Strong Tower Bld Envelope

    construction · KY · 0% owned

  • Trout Glass & Mirror

    construction · IN · 0% owned

  • Turner-Brooks Inc

    construction · MI · 0% owned

  • Universal Glass & Metals

    construction · MI · 0% owned

  • W&G

    construction · MI · 0% owned

  • Walker Commercial Interiors

    construction · MI · 0% owned

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202411929349300046

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