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← LABORERS INSURANCE TRUST FUND

Form 990 for tax year 2023

Filed by LABORERS INSURANCE TRUST FUND.

Totals

Total revenue
$14,123,032
Total expenses
$4,040,938
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,116,918
Investment income
$2,006,114
Other revenue
$0
Total assets, end of year
$42,963,008
Total liabilities, end of year
$12,491
Net assets or fund balances, end of year
$42,950,517
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $12,007,190 · related or exempt $12,007,190

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $109,728 · related or exempt $109,728

  • 3 · Investment income

    total $990,071 · excluded $990,071

  • 7a · Gross sales of assets other than inventory

    securities $17,163,596

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

    securities $16,147,553

  • 7c · Gain or loss

    securities $1,016,043

  • 7d · Net gain or loss

    total $1,016,043 · related or exempt $1,016,043

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,670,600

  • 11a · Fees: management

    total $155,400

  • 11b · Fees: legal

    total $29,018

  • 11c · Fees: accounting

    total $20,523

  • 11f · Fees: investment management

    total $81,837

  • 11g · Fees: other

    total $413,043

  • 13 · Office expenses

    total $36,894

  • 19 · Conferences, conventions and meetings

    total $2,194

  • 23 · Insurance

    total $7,877

  • 24a · Other expenses: STOP LOSS PREMIUMS

    total $557,388

  • 24b · Other expenses: LABORERS HEALTH & SAFETY

    total $40,151

  • 24c · Other expenses: MISCELLANEOUS

    total $13,460

  • 24d · Other expenses: UTILIZATION REVIEW

    total $12,553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $620,417 · end of year $1,261,627

  • 4 · Accounts receivable

    beginning of year $1,958,374 · end of year $1,761,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,756 · end of year $15,826

  • 11 · Investments: publicly traded securities

    beginning of year $27,026,179 · end of year $39,923,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,047 · end of year $12,491

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,611,679 · end of year $42,950,517

Mission and programs · 2023

Mission

TO PROVIDE HEALTH, TEMPORARY DISABILITY, AND DEATH BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.

Activities or mission (Part I)

TO PROVIDE HEALTH, TEMPORARY DISABILITY, AND DEATH BENEFITS TO ELIGBLE EMPLOYEES AND THEIR DEPENDENTS.

  • PROVIDED HEALTH TEMPORARY DISABILITY, AND DEATH BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • John R Weaver

    CHAIRMAN

    Total calculated
    $0
  • Jeff Morgan

    CO-CHAIRMAN

    Total calculated
    $0
  • Mark Farris

    TRUSTEE

    Total calculated
    $0
  • Drexell C Garner Jr

    TRUSTEE

    Total calculated
    $0
  • Matthew McComas

    TRUSTEE

    Total calculated
    $0
  • Lance Weaver

    TRUSTEE

    Total calculated
    $0
  • Jeremy Kennell

    TRUSTEE

    Total calculated
    $0

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.

  • LABORERS PENSION FUND

    401A · BENEFITS · VA

    Directly controlled by TRUSTEES

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2025
IRS schema version
2023v6.0
Source object
202512259349301941

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