Form 990 for tax year 2022
Filed by CEDAR RAPIDS ELECTRICAL WORKERS LOCAL 405 HEALTH AND WELFARE FUND.
Totals
- Total revenue
- $13,265,769
- Total expenses
- $11,899,085
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $12,217,669
- Investment income
- $1,048,100
- Other revenue
- $0
- Total assets, end of year
- $19,523,124
- Total liabilities, end of year
- $319,679
- Net assets or fund balances, end of year
- $19,203,445
- 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 $11,946,304 · related or exempt $11,946,304
-
2b · Program service revenue: PARTICIPANTS
total $271,365 · related or exempt $271,365
-
3 · Investment income
total $400,288 · excluded $400,288
-
7a · Gross sales of assets other than inventory
securities $9,261,384
-
7b · Less cost or other basis and sales expenses
securities $8,613,572
-
7c · Gain or loss
securities $647,812
-
7d · Net gain or loss
total $647,812 · excluded $647,812
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $10,887,384
-
11b · Fees: legal
total $95,352
-
11c · Fees: accounting
total $23,927
-
11f · Fees: investment management
total $22,129
-
11g · Fees: other
total $35,550
-
13 · Office expenses
total $24,504
-
14 · Information technology
total $2,480
-
19 · Conferences, conventions and meetings
total $1,005
-
23 · Insurance
total $8,065
-
24a · Other expenses: WELLMARK FEES
total $535,286
-
24b · Other expenses: CLAIMS ADMIN FEE
total $207,509
-
24c · Other expenses: DELTA DENTAL ADMIN FEE
total $51,325
-
24d · Other expenses: PCORI FEES
total $4,569
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $856,393 · end of year $2,149,067
-
2 · Savings and temporary cash investments
beginning of year $189,313 · end of year $657,035
-
4 · Accounts receivable
beginning of year $1,809,250 · end of year $1,308,711
-
9 · Prepaid expenses and deferred charges
beginning of year $2,376 · end of year $2,376
-
11 · Investments: publicly traded securities
beginning of year $19,198,139 · end of year $15,405,935
-
17 · Accounts payable and accrued expenses
beginning of year $92,753 · end of year $69,707
-
19 · Deferred revenue
beginning of year $165,583 · end of year $186,896
-
25 · Other liabilities
beginning of year $96,122 · end of year $63,076
-
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 $21,701,013 · end of year $19,203,445
Mission and programs · 2022
Mission
THE WELFARE FUND USES EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS.
Activities or mission (Part I)
H&W FUND CONTRIBUTIONS PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS.
-
THE WELFARE FUND USES EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO PROVIDE HEALTH AND WELFARE BENEFITS TO 868 PARTICIPANTS AND THEIR DEPENDENTS.
As filed on the 2022 return.
Listed in Part VII
-
Junior LuensmanJUNIOR LUENSMAN
CHAIRPERSON
- Total calculated
- $151,214
- From this org
- $0
- From related orgs
- $110,114
- Other
- $41,100
- Hours/week
- 1 + 50 related
-
Jeffrey CoolingJEFFREY COOLING
UNION TRUSTEE
- Total calculated
- $2,222
- From this org
- $0
- From related orgs
- $2,222
- Other
- $0
- Hours/week
- 1 + 40 related
-
Josh UmsteadJOSH UMSTEAD
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Ray BrownRAY BROWN
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Dave MurrayDAVE MURRAY
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 40 related
-
Ethan DomkeETHAN DOMKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
John LaneJOHN LANE
ALTERNATE UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 40 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.
-
CEDAR RAPIDS ELECTRICAL APPRENTICE TRAINING & EDUCATIONAL TRUST
501(C)(3) · PROVIDE TRAINING AND EDUCATION · IA
-
IBEW LOCAL 405 DEFERRED SAVINGS PLAN
401(A) · PROVIDE RETIREMENT BENEFITS · IA
-
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405
501(C)(5) · PROMOTE LOCAL UNION ACTIVITY · IA
-
CEDAR RAPIDS DIVISION IOWA CHAPTER NATIONAL ELECTRICAL CONTRACTORS ASSOC
501(C)(6) · PROMOTE ELECTRICAL INDUSTRY · IA
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 & B ELECTRIC INC
-
ACME ELECTRIC COMPANY
-
BAKER ELECTRIC INC
-
BAKER GROUP
-
BHI ENERGY
-
BIS INDUSTRIAL SERVICES INC
-
BLACK HAWK ELECTRICAL CO
-
DAVENPORT ELECTRIC CONTRACT CO
-
DELANCEY ELECTRIC CO
-
DEPENDABLE ELECTRIC INC
-
ESCO GROUP
-
GERARD ELECTRIC INC
-
HAWKEYE ELECTRIC DUBUQUE
-
HAWKEYE ELECTRICAL CONTRACTORS
-
J W KOEHLER ELECTRIC INC
-
JUSTICE ELECTRIC COMPANY
-
MUNSON ELECTRIC
-
NELSON ELECTRIC COMPANY
-
PAULSON ELECTRIC COMPANY
-
PEC COMMUNICATIONS INC
-
PREMIER ELECTRICAL SERVICES CO
-
RUYLE MECHANICAL SERVICES INC
-
SE ELECTRIC INC
-
SHAY ELECTRIC SERVICE INC
-
STREFF ELECTRIC INC
-
TECH SOLUTIONS
-
THOMPSON ELECTRONICS
-
TREY ELECTRIC INC
-
TRI-CITY ELECTRIC
-
WALDINGER CORPORATION
-
A & G ELECTRIC
-
BASEPOINT BUILDING AUTOMATIONS
-
CORD ELECTRIC
-
LIGHTING MAINTENANCE INC
-
TEUFEL HUNDEN ELECTRONICS INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322349349301037
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