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← PLUMBERS & PIPEFITTERS LOCAL 625 HEALTH & WELFARE FUND

Form 990 for tax year 2022

Filed by PLUMBERS & PIPEFITTERS LOCAL 625 HEALTH & WELFARE FUND.

Totals

Total revenue
$8,842,432
Total expenses
$3,965,905
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,748,635
Investment income
$0
Other revenue
$2,093,797
Total assets, end of year
$4,877,412
Total liabilities, end of year
$885
Net assets or fund balances, end of year
$4,876,527
Program services expenses (Part IX)
$3,830,781
Management and general expenses
$135,124
Fundraising expenses
$0
Program service expenses (Part III)
$3,830,781

Program services were 96.6% 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 $6,711,545 · related or exempt $6,711,545

  • 2b · Program service revenue: Member Self-Payments

    total $37,090 · related or exempt $37,090

  • 11a · Other revenue: Assets attributable to

    total $2,093,797 · related or exempt $2,093,797

  • 11e · Other revenue, total

    $2,093,797

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,702,140 · program services $3,702,140

  • 11a · Fees: management

    total $75,087 · management and general $75,087

  • 11b · Fees: legal

    total $8,799 · management and general $8,799

  • 11c · Fees: accounting

    total $17,916 · management and general $17,916

  • 11g · Fees: other

    total $134,683 · program services $121,658 · management and general $13,025

  • 13 · Office expenses

    total $4,297 · management and general $4,297

  • 14 · Information technology

    total $16,000 · management and general $16,000

  • 19 · Conferences, conventions and meetings

    total $4,383 · program services $4,383

  • 23 · Insurance

    total $2,600 · program services $2,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,954,907

  • 4 · Accounts receivable

    end of year $1,895,470

  • 9 · Prepaid expenses and deferred charges

    end of year $27,035

  • 17 · Accounts payable and accrued expenses

    end of year $885

  • 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 $0 · end of year $4,876,527

Mission and programs · 2022

Mission

Receive, preserve and invest contributions made by employers as required by the Collective Bargaining Agreements to provide health and welfare benefits to eligible participants.

Activities or mission (Part I)

Provide Health and Welfare Benefits to participants and dependents as covered by the Plan.

  • Provide accident, hospital, medical, surgical, prescription, dental, vision, and death benefits to eligible members of the United Association of Pipefitters & Plumbers Local 625 and their spouses and dependents.

    Expenses $3,830,781

As filed on the 2022 return.

Listed in Part VII

  • Paul Breedlove

    Trustee

    Total calculated
    $154,930
    From this org
    $0
    From related orgs
    $107,922
    Other
    $47,008
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $107,922 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $47,008 related
    Filer's total
    $0 + $154,930 related
  • Craig Mosteller

    Trustee

    Total calculated
    $154,303
    From this org
    $0
    From related orgs
    $107,295
    Other
    $47,008
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $107,295 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $47,008 related
    Filer's total
    $0 + $154,303 related
  • Tim Engel

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Luther Lasure

    Trustee

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202441009349300019

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