Form 990 for tax year 2023
Filed by PLUMBERS & PIPEFITTERS LOCAL 525 HEALTH & WELFARE FUND.
Totals
- Total revenue
- $59,120,235
- Total expenses
- $33,130,670
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $30,693,607
- Investment income
- $899,493
- Other revenue
- $27,527,135
- Total assets, end of year
- $57,989,743
- Total liabilities, end of year
- $222,699,065
- Net assets or fund balances, end of year
- -$164,709,322
- 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 $29,787,054 · related or exempt $29,787,054
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $906,553 · related or exempt $906,553
-
3 · Investment income
total $1,368,881 · excluded $1,368,881
-
7a · Gross sales of assets other than inventory
securities $54,420,919
-
7b · Less cost or other basis and sales expenses
securities $54,890,307
-
7c · Gain or loss
securities -$469,388
-
7d · Net gain or loss
total -$469,388 · excluded -$469,388
-
11a · Other revenue: DECREASE IN BENEFIT OBLIGATION
total $21,755,015 · related or exempt $21,755,015
-
11b · Other revenue: REBATE INCOME
total $2,891,981 · related or exempt $2,891,981
-
11c · Other revenue: STOP LOSS RECOVERIES
total $2,635,999 · related or exempt $2,635,999
-
11d · All other revenue
total $244,140 · related or exempt $244,140
-
11e · Other revenue, total
$27,527,135
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $30,369,052
-
11a · Fees: management
total $759,958
-
11b · Fees: legal
total $342,524
-
11c · Fees: accounting
total $290,174
-
11f · Fees: investment management
total $312,739
-
11g · Fees: other
total $390,323
-
13 · Office expenses
total $167,993
-
16 · Occupancy
total $18,993
-
19 · Conferences, conventions and meetings
total $32,148
-
22 · Depreciation, depletion and amortization
total $54,373
-
23 · Insurance
total $53,982
-
24a · Other expenses: PPO AND COUNSELING
total $303,998
-
24e · All other expenses
total $34,413
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,164 · end of year $523,230
-
2 · Savings and temporary cash investments
beginning of year $5,041,002 · end of year $2,275,796
-
4 · Accounts receivable
beginning of year $4,124,126 · end of year $5,964,527
-
5 · Loans and receivables from officers and key people
beginning of year $917 · end of year $22,798
-
9 · Prepaid expenses and deferred charges
beginning of year $36,067 · end of year $767,113
-
10a · Land, buildings and equipment: cost or other basis
$681,331
-
10b · Land, buildings and equipment: accumulated depreciation
$264,257
-
10c · Land, buildings and equipment, net
beginning of year $471,448 · end of year $417,074
-
11 · Investments: publicly traded securities
beginning of year $33,368,898 · end of year $37,045,723
-
12 · Investments: other securities
beginning of year $7,427,346 · end of year $10,187,276
-
15 · Other assets
beginning of year $296,366 · end of year $786,206
-
17 · Accounts payable and accrued expenses
beginning of year $389,681 · end of year $342,948
-
19 · Deferred revenue
beginning of year $136,725 · end of year $147,659
-
25 · Other liabilities
beginning of year $243,660,725 · end of year $222,208,458
-
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 -$193,377,797 · end of year -$164,709,322
Mission and programs · 2023
Mission
TO PROVIDE MEDICAL, DISABILITY, VISION, DENTAL AND LIFE INSURANCE TO PLAN PARTICIPANTS. THE PLAN ALSO PAYS FOR A SUBSTANCE ABUSE DETECTION PROGRAM.
-
TO PROVIDE MEDICAL, VISION, DENTAL, DISABILITY, AND LIFE INSURANCE TO PLAN PARTICIPANTS. THE PLAN ALSO PAYS FOR A SUBSTANCE ABUSE DETECTION PROGRAM.
As filed on the 2023 return.
Listed in Part VII
-
Matt LydonMATT LYDON
CHAIR/LABOR TRUSTEE
- Total calculated
- $283,475
- From this org
- $0
- From related orgs
- $192,310
- Other
- $91,165
- Hours/week
- 2 + 44 related
Schedule J breakdown matched by us
- Base
- $0 + $192,310 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $69,424 related
- Nontaxable benefits
- $0 + $21,741 related
- Filer's total
- $0 + $283,475 related
-
Justin EighmyJUSTIN EIGHMY
LABOR TRUSTEE
- Total calculated
- $263,160
- From this org
- $0
- From related orgs
- $175,388
- Other
- $87,772
- Hours/week
- 2 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $175,388 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $66,031 related
- Nontaxable benefits
- $0 + $21,741 related
- Filer's total
- $0 + $263,160 related
-
Jeff OrrJEFF ORR
ALTERNATE LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Eric RubeckERIC RUBECK
ALTERNATE LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Dave WoodDAVE WOOD
LABOR TRUSTEE
- Total calculated
- $257,299
- From this org
- $0
- From related orgs
- $169,527
- Other
- $87,772
- Hours/week
- 2 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $169,527 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $66,031 related
- Nontaxable benefits
- $0 + $21,741 related
- Filer's total
- $0 + $257,299 related
-
William HernWILLIAM HERN
ALTERNATE LABOR TRUSTEE
- Total calculated
- $14,743
- From this org
- $0
- From related orgs
- $10,437
- Other
- $4,306
- Hours/week
- 2 + 2 related
-
Mandi WilkinsMANDI WILKINS
CO-CHAIR/MANAGEMENT TRUSTE
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Corey DoyneCOREY DOYNE
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 42 related
-
Torey MantorTOREY MANTOR
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 42 related
-
Tyler BonwellTYLER BONWELL
ALTERNATE MANAGEMENT TRUST
- Total calculated
- $0
- Hours/week
- 2 + 42 related
-
Tim WalkerTIM WALKER
ALTERNATE MANAGEMENT TRUST
- Total calculated
- $0
- Hours/week
- 2 + 42 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. 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.
-
LAS VEGAS JOINT APPRENTICESHIP COMMITTEE FOR PLUMBING & PIPEFITTING TRADES
501(C)(3) · PROVIDE TRAINING FOR PARTICIPANTS IN THE PLUMBING & PIPEFITTING TRADES · NV
-
PLUMBERS AND PIPEFITTERS UNION LOCAL NO 525 PENSION PLAN
501(A) · PROVIDE OPPORTUNITIES FOR MEMBERS TO ESTABLISH RETIREMENT INCOME. · NV
-
PLUMBERS AND PIPEFITTERS LOCAL 525
-
5 STATES PIPE TRADES ASSOCIATION
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BB MECHANICAL LLC
-
BOMBARD MECHANICAL LLC
-
CLIMATE PROS LLC
-
MSTS - MISSION SUPPORT AND TEST SERVICES LLC
-
PIPEWERX MECHANICAL LLC
-
QCS LLC
-
ICONBIM LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
A-1 CONCRETE CUTTING
-
ACCO ENGINEERED SYSTEMS
-
AMENTUM SERVICES INC
-
AMERICAN WATER TREATMENT
-
ARB INC
-
BARIN GROUP
-
BIM DESIGNS INC
-
CANYON ELECTRIC COMPANY INC
-
CARRIER BUILDING SERVICES
-
CCI MECHANICAL INC
-
CHILL-RITE INC
-
CLEARWATER MECHANICAL INC
-
EMCOR SERVCEMESA ENERGY SYSTEM
-
FCR AC & HEATING
-
FORCE INDUSTRIAL MECHANICAL
-
GARTNER REFRIGERATION INC
-
HANSEN MECHANICAL
-
HARDER MECHANICAL CONTRACTORS
-
HARRIS
-
HAWTHORNE PLUMBING INC
-
HENRI SPECIALTIES
-
JCORD
-
JOHNSON CONTROLS
-
KOH MECHANICAL
-
LIBERTY HEATING & AIR CONDITIONING
-
MESA MECHANICAL INC
-
MISTAMERICA CORPORATION
-
MMC CONTRACTORS WEST INC
-
NEVADA TAP MASTER INC
-
NORTHERN PIPELINE CONST
-
OLYMPUS PLUMBING INC
-
P1 CONSTRUCTION
-
RM MECHANICAL INC
-
RYAN MECHANICAL INC
-
S3H MECHANICAL
-
SCHARDEIN MECHANICAL
-
SOUTHLAND INDUSTRIES
-
SUNBELT CONTROLS INC
-
WEB MECHANICAL
-
YARD PLUMBING
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423189349311152
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