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Nonprofiteer
← ASBESTOS WORKERS-6 HEALTH & WELFARE FUND

Form 990 for tax year 2024

Filed by ASBESTOS WORKERS-6 HEALTH & WELFARE FUND.

Totals

Total revenue
$16,936,041
Total expenses
$13,882,498
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,392,468
Investment income
$1,537,154
Other revenue
$6,419
Total assets, end of year
$26,828,521
Total liabilities, end of year
$1,014,927
Net assets or fund balances, end of year
$25,813,594
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: CONTRIBUTIONS - EMPLOYER

    total $15,238,152 · related or exempt $15,238,152

  • 2b · Program service revenue: CONTRIBUTIONS - EMPLOYEE

    total $154,316 · related or exempt $154,316

  • 3 · Investment income

    total $648,042 · excluded $648,042

  • 7a · Gross sales of assets other than inventory

    securities $3,144,052

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

    securities $2,254,940

  • 7c · Gain or loss

    securities $889,112

  • 7d · Net gain or loss

    total $889,112 · excluded $889,112

  • 11a · Other revenue: RECOVERY OF BENEFITS/PRESCRIPTION

    total $3,998 · related or exempt $3,998

  • 11b · Other revenue: LITIGATION RECOVERY

    total $2,421 · excluded $2,421

  • 11e · Other revenue, total

    $6,419

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $13,482,998

  • 11a · Fees: management

    total $171,870

  • 11b · Fees: legal

    total $44,672

  • 11c · Fees: accounting

    total $20,375

  • 11f · Fees: investment management

    total $35,685

  • 11g · Fees: other

    total $104,000

  • 13 · Office expenses

    total $11,772

  • 19 · Conferences, conventions and meetings

    total $3,302

  • 21 · Payments to affiliates

    total $2,908

  • 23 · Insurance

    total $4,916

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,899,529 · end of year $9,413,314

  • 4 · Accounts receivable

    beginning of year $4,685,619 · end of year $2,850,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,055,955 · end of year $3,638

  • 11 · Investments: publicly traded securities

    beginning of year $5,279,979 · end of year $6,106,375

  • 12 · Investments: other securities

    beginning of year $8,771,969 · end of year $8,454,637

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,787 · end of year $61,939

  • 25 · Other liabilities

    beginning of year $230,294 · end of year $952,988

  • 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 $23,442,970 · end of year $25,813,594

Mission and programs · 2024

Mission

PROVIDE HEALTH, WELFARE AND DEATH BENEFITS TO ELIGIBLE MEMBERS OF ASBESTOS WORKERS LOCAL 6 AND THEIR BENEFICIARIES.

  • PROVIDE HEALTH, WELFARE AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR BENEFICIARIES OF ASBESTOS WORKERS LOCAL 6.

As filed on the 2024 return.

Listed in Part VII

  • Francis Boudrow

    UNION TRUSTEE

    Total calculated
    $2,953
    From this org
    $0
    From related orgs
    $2,953
    Other
    $0
    Hours/week
    3 + 10 related

  • Steve Johnson

    MGMT TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Saliba

    UNION TRUSTEE

    Total calculated
    $244,932
    From this org
    $0
    From related orgs
    $149,537
    Other
    $95,395
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,537 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $64,715 related
    Nontaxable benefits
    $0 + $30,680 related
    Filer's total
    $0 + $244,932 related

  • Patrick Gallagher

    MGMT TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Thomas Wall

    UNION TRUSTEE

    Total calculated
    $237,285
    From this org
    $0
    From related orgs
    $142,945
    Other
    $94,340
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,945 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $63,660 related
    Nontaxable benefits
    $0 + $30,680 related
    Filer's total
    $0 + $237,285 related

  • Paul Ainsworth

    MGMT TRUSTEE

    Total calculated
    $0
    Hours/week
    3

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

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.

  • BHI SPECIALTY SERVICES

  • COMMERCIAL INSULATION

  • FIBER FIT INSULATION

  • NE ABATEMENT RESOURCES INC

  • ENERGY INSULATION CONSERVATION INC

  • ENERGY INSULATION CONSERVATION LLC

  • GREEN INSULATION INC

  • AULSON ROOFING INC

  • UNITED INSUL SPEC

  • I-STAR ENERGY SOLUTIONS

  • INTERNATIONAL ASBESTOS REMOVAL INC

  • JOHNSON INSULATION COINC

  • ATLANTIC CONT& SPECLLC

  • DYNAMIC INSULATION INC

  • HITECH INSULATION

  • THERMO-DYNAMICS

  • DIAMOND INSULATION LLC

  • EASTERN REGIONAL

  • URBAN INSULATION

  • INSULATION C OF N ENGLAND

  • VIKING INDUSTRIESINC

  • BRANDSAFWAY

  • AXION SPECIALTY CONTRACTING

  • BRAND ENERGY SERVICES LLC

  • LAKEWOOD CONSTRUCTION SERVICES INC

  • ELAD

  • ADVANCED ENERGY PROTECTION LLC

Provenance

Return type
form_990
Tax year
2024
Filed
12 October 2025
IRS schema version
2024v5.2
Source object
202522859349300717

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