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← HEAVY & HIGHWAY CONSTRUCTION HEALTH & WELFARE FUND

Form 990 for tax year 2023

Filed by HEAVY & HIGHWAY CONSTRUCTION HEALTH & WELFARE FUND.

Totals

Total revenue
$51,115,211
Total expenses
$32,150,624
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$36,177,068
Investment income
$14,915,105
Other revenue
$23,038
Total assets, end of year
$204,867,526
Total liabilities, end of year
$78,678,273
Net assets or fund balances, end of year
$126,189,253
Program services expenses (Part IX)
$32,150,624
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$32,150,624

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 $36,028,559 · related or exempt $36,028,559

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $113,217 · related or exempt $113,217

  • 2c · Program service revenue: SELF PAY CONTRIBUTIONS

    total $35,292 · related or exempt $35,292

  • 3 · Investment income

    total $7,706,671 · related or exempt $7,706,671

  • 7a · Gross sales of assets other than inventory

    securities $8,074,364

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

    securities $865,930

  • 7c · Gain or loss

    securities $7,208,434

  • 7d · Net gain or loss

    total $7,208,434 · related or exempt $7,208,434

  • 11a · Other revenue: STOCK LITIGATION

    total $23,038 · related or exempt $23,038

  • 11e · Other revenue, total

    $23,038

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $29,120,160 · program services $29,120,160

  • 11b · Fees: legal

    total $186,501 · program services $186,501

  • 11c · Fees: accounting

    total $171,687 · program services $171,687

  • 11g · Fees: other

    total $9,531 · program services $9,531

  • 13 · Office expenses

    total $100,206 · program services $100,206

  • 16 · Occupancy

    total $85,297 · program services $85,297

  • 19 · Conferences, conventions and meetings

    total $13,151 · program services $13,151

  • 22 · Depreciation, depletion and amortization

    total $3,389 · program services $3,389

  • 23 · Insurance

    total $49,523 · program services $49,523

  • 24a · Other expenses: ADMIN. BENEFIT COST

    total $1,738,965 · program services $1,738,965

  • 24b · Other expenses: SHARED ALLOC. COSTS ADM

    total $460,956 · program services $460,956

  • 24c · Other expenses: DATA PROCESSING COST

    total $142,113 · program services $142,113

  • 24d · Other expenses: PROMOTIONAL EVENT

    total $57,316 · program services $57,316

  • 24e · All other expenses

    total $11,829 · program services $11,829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$62,504 · end of year $1,125,051

  • 2 · Savings and temporary cash investments

    beginning of year $21,903,423 · end of year $28,217,122

  • 4 · Accounts receivable

    beginning of year $5,901,809 · end of year $6,170,684

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,220 · end of year $55,238

  • 11 · Investments: publicly traded securities

    beginning of year $128,168,866 · end of year $143,078,742

  • 12 · Investments: other securities

    beginning of year $25,773,707 · end of year $24,316,290

  • 14 · Intangible assets

    beginning of year $4,912 · end of year $1,525

  • 15 · Other assets

    beginning of year $2,274,050 · end of year $1,902,874

  • 17 · Accounts payable and accrued expenses

    beginning of year $255,417 · end of year $719,482

  • 25 · Other liabilities

    beginning of year $64,252,967 · end of year $77,958,791

  • 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 $119,479,099 · end of year $126,189,253

Mission and programs · 2023

Mission

THE MISSION OF LABORERS DISTRICT COUNCIL HEAVY AND HIGHWAY HEALTH AND WELFARE FUND IS TO PROVIDE MEDICAL BENEFITS TO MEMBERS AND THEIR DEPENDENTS OF CONTRIBUTING EMPLOYERS.

  • PROVIDER OF HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 2,838 MEMBERS AND THEIR DEPENDENTS FOR THE PLAN YEAR ENDING APRIL 30, 2024.

    Expenses $32,150,624

As filed on the 2023 return.

Listed in Part VII

  • Alan Parham

    FUND COORDINATOR

    Total calculated
    $379,517
    From this org
    $0
    From related orgs
    $350,709
    Other
    $28,808
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $275,780 related
    Bonus
    $0
    Other
    $0 + $74,929 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,808 related
    Filer's total
    $0 + $379,517 related

  • Esteban Vera Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stanley Sanders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jim Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Harper Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Charles Seravalli Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Boyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202500769349301510

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