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← IBEW LOCAL UNION 306 SUPPLEMENTAL HEALTH BENEFIT FUND

Form 990 for tax year 2024

Filed by IBEW LOCAL UNION 306 SUPPLEMENTAL HEALTH BENEFIT FUND.

Totals

Total revenue
$2,937,777
Total expenses
$2,005,658
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,655,049
Investment income
$280,016
Other revenue
$2,712
Total assets, end of year
$10,259,457
Total liabilities, end of year
$62,624
Net assets or fund balances, end of year
$10,196,833
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 $1,068,592 · related or exempt $1,068,592

  • 2b · Program service revenue: MEDICAL REIMBURSEMENT CONTRIBUTIO

    total $935,285 · related or exempt $935,285

  • 2c · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $651,172 · related or exempt $651,172

  • 3 · Investment income

    total $254,565 · excluded $254,565

  • 7a · Gross sales of assets other than inventory

    securities $3,503,335

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

    securities $3,477,884

  • 7c · Gain or loss

    securities $25,451

  • 7d · Net gain or loss

    total $25,451 · excluded $25,451

  • 11a · Other revenue: OTHER INCOME

    total $2,712 · related or exempt $2,712

  • 11e · Other revenue, total

    $2,712

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $525,394

  • 11a · Fees: management

    total $29,993

  • 11b · Fees: legal

    total $6,884

  • 11c · Fees: accounting

    total $9,100

  • 11f · Fees: investment management

    total $17,701

  • 13 · Office expenses

    total $16,523

  • 19 · Conferences, conventions and meetings

    total $6,481

  • 23 · Insurance

    total $7,480

  • 24a · Other expenses: INSURANCE PREMIUM - 4TH

    total $1,362,881

  • 24b · Other expenses: BANK CHARGES

    total $17,493

  • 24c · Other expenses: PCORI FEE

    total $4,452

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $735

  • 24e · All other expenses

    total $541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $384,550 · end of year $596,865

  • 2 · Savings and temporary cash investments

    beginning of year $720,136 · end of year $413,340

  • 4 · Accounts receivable

    beginning of year $248,832 · end of year $229,021

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,154 · end of year $117,271

  • 11 · Investments: publicly traded securities

    beginning of year $7,486,868 · end of year $8,902,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,341 · end of year $225

  • 19 · Deferred revenue

    beginning of year $56,345 · end of year $62,399

  • 27 · Net assets without donor restrictions

    beginning of year $8,895,854 · end of year $10,196,833

Mission and programs · 2024

Mission

THE FUND PROVIDES FULLY INSURED LIFE, SICKNESS, ACCIDENT AND HEALTH BENEFITS TO RETIRED MEMBERS AND SURVIVING SPOUSES OF DECEASED RETIRED MEMBERS OF IBEW LOCAL UNION 306, AND MEDICAL.

  • THE FUND PROVIDED FULLY INSURED LIFE, SICKNESS, ACCIDENT AND HEALTH BENEFITS TO RETIRED MEMBERS AND SURVIVING SPOUSES OF DECEASED RETIRED MEMBERS OF THE IBEW LOCAL UNION NO. 306.

  • THE FUND PROVIDED MEDICAL REIMBURSEMENT ACCOUNTS FOR MEMBERS OF IBEW LOCAL UNION NO. 306 WHOSE CONTRIBUTIONS WERE MADE PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND AN EMPLOYER.

As filed on the 2024 return.

Listed in Part VII

  • Mitch Douglas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Kellamis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Bovard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Walden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christeen Speelman-Parsons

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Might Thru 1024

    CHAIRMAN

    Total calculated
    $94,723
    From this org
    $0
    From related orgs
    $94,723
    Other
    $0
    Hours/week
    1 + 40 related

  • Charles Zittle As Of 1024

    CHAIRMAN

    Total calculated
    $120,983
    From this org
    $0
    From related orgs
    $120,983
    Other
    $0
    Hours/week
    1 + 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.

  • IBEW LOCAL UNION 306

    501(C)(5) · PRESERVE AND INCREASE WORK OPPORTUNITIES IN ORGANIZED ELECTRICAL CONSTR IND · OH

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 J GOULDER ELECTRIC

  • ABBOTT ELECTRIC INC

  • ADVANCED ELECTRIC

  • AKRON AREA ELEC JATC

  • AMPED ELECTRICAL SOLUTIONS

  • AMPS ELECTRIC LLC

  • ANR ELECTRIC

  • BCU ELECTRIC

  • BECDEL CONTROLS

  • BLANKS ELECTRIC INC

  • BUILDING INTEGRATED SERVICES

  • C R ELECTRIC

  • CASEY ELECTRICAL CONTRACT

  • CNE ELECTRICAL CONTRACTORS

  • CONNECTED TECHNOLOGIES LLC

  • CONTEMPORARY ELECTRIC INC

  • DAVIS ULMER SPRINKLER CO INC

  • DIDADO ELECTRIC INC

  • DIES ELECTRIC INC

  • DILIGENT ELECTRONIC SECURITY

  • DUTTON ELECTRIC INC

  • EINHEIT ELECTRIC CONST

  • EMERY ELECTRIC INC

  • FINE-LINE COMMUNICATION

  • FIRST CHOICE ELECTRICAL

  • FOUR STAR ELECTRIC

  • FOWLER ELECTRIC CO

  • G&B ELECTRIC CO

  • GEM INC

  • GULU ELECTRIC

  • HANNAH ELECTRIC LLC

  • HARRINGTON ELECTRIC INC

  • HAYWOOD ELECTRIC INC

  • HERBST ELECTRIC COMPANY

  • HILSCHER CLARKE ELECTRIC

  • HUMMINGBIRD ELECTRIC

  • J LOMBARDO ELECTRIC

  • JAKES ELECTRIC

  • JMP RESOURCES LLC

  • JP ELECTRICAL SERVICES

  • KLA LABORATORIES

  • LAKE ERIE ELECTRIC INC

  • LAKELAND ELECTRIC

  • LEGACY ELECTRIC

  • LIBERTY ELECTRIC

  • M G ELECTRIC

  • MID-CITY ELECTRIC

  • NELSON ELECTRIC

  • NORTH ELECTRIC

  • NOVAK ELECTRIC CO

  • NOVATNY ELECTRIC INC

  • OHIO STATE BUILDING TRADES

  • PREMISE SOLUTIONS LLC

  • SANTON ELECTRIC CO INC

  • SHIELD HOLDINGS DBA FINE-LINE

  • SHORELINE LIGHT & POWER LLC

  • SOUTH SHORE ELECTRIC INC

  • SPEELMAN ELECTRIC INC

  • SPRING ELECTRICAL

  • THOMPSON ELECTRIC INC

  • ULLMAN ELECTRIC

  • UNITED ELECTRICAL SYSTEMS

  • UNIVERSITY ELECTRIC

  • US COMMUNICATIONS & ELECTRIC

  • VIP ELECTRIC

  • WESTERN RESERVE LIGHTING

  • WOOD ELECTRIC INC

  • ZENITH SYSTEMS LLC

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.5
Source object
202600999349300720

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