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Nonprofiteer
← PIPELINE INDUSTRY BENEFIT FUND

Form 990 for tax year 2022

Filed by PIPELINE INDUSTRY BENEFIT FUND.

Totals

Total revenue
$44,150,642
Total expenses
$49,238,000
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$42,904,385
Investment income
$1,245,657
Other revenue
$600
Total assets, end of year
$58,317,793
Total liabilities, end of year
$643,337
Net assets or fund balances, end of year
$57,674,456
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$46,491,055

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 $35,616,723 · related or exempt $35,616,723

  • 2b · Program service revenue: RETIREES SELF-PAY CONTRIBUTIONS

    total $3,062,809 · related or exempt $3,062,809

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $2,212,642 · related or exempt $2,212,642

  • 2d · Program service revenue: REBATE INCOME

    total $2,012,211 · related or exempt $2,012,211

  • 3 · Investment income

    total $1,245,657 · excluded $1,245,657

  • 7a · Gross sales of assets other than inventory

    securities $30

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

    securities $30

  • 7c · Gain or loss

    securities $0

  • 11a · Other revenue: OTHER INCOME

    total $600 · excluded $600

  • 11e · Other revenue, total

    $600

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $46,491,055

  • 5 · Compensation of officers, directors and key employees

    total $355,139

  • 7 · Other salaries and wages

    total $1,837,733

  • 8 · Pension plan contributions

    total $889,331

  • 9 · Other employee benefits

    total $646,622

  • 10 · Payroll taxes

    total $147,941

  • 11b · Fees: legal

    total $25,312

  • 11c · Fees: accounting

    total $31,200

  • 11f · Fees: investment management

    total $141,141

  • 11g · Fees: other

    total $45,206

  • 13 · Office expenses

    total $255,878

  • 16 · Occupancy

    total $55,484

  • 17 · Travel

    total $118,938

  • 22 · Depreciation, depletion and amortization

    total $127,509

  • 23 · Insurance

    total $22,857

  • 24a · Other expenses: SERVICE CONTRACTS & REN

    total $177,496

  • 24b · Other expenses: CLERICAL AND OTHER SERV

    total $53,390

  • 24c · Other expenses: AFFORDABLE CARE ACT FEE

    total $20,490

  • 24d · Other expenses: REAL ESTATE AND OTHER T

    total $3,520

  • 24e · All other expenses

    total -$2,208,242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,386 · end of year $33,193

  • 2 · Savings and temporary cash investments

    beginning of year $32,565,679 · end of year $23,204,900

  • 4 · Accounts receivable

    beginning of year $2,747,815 · end of year $3,371,275

  • 5 · Loans and receivables from officers and key people

    beginning of year $68,999 · end of year $23,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,389 · end of year $20,285

  • 10a · Land, buildings and equipment: cost or other basis

    $3,708,943

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,572,443

  • 10c · Land, buildings and equipment, net

    beginning of year $1,173,135 · end of year $1,136,500

  • 11 · Investments: publicly traded securities

    beginning of year $34,400,087 · end of year $30,528,360

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,555,550 · end of year $643,337

  • 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 $67,475,940 · end of year $57,674,456

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS COVERING ELIGIBLE PARTICIPANTS OF THE PLAN AND FOR MOST OF THESE BENEFITS, THEIR DEPENDENTS. TO PROVIDE HEALTH BENEFITS TO ELIGIBLE DISABLED AND RETIRED PARTICIPANTS AND WIDOWED SPOUSES OF ELIGIBLE, DISABLED AND RETIRED PARTICIPANTS.

Activities or mission (Part I)

TO PROVIDE HEALTH AND DEATH BENEFITS COVERING ELIGIBLE PARTICIPANTS

  • HEALTH AND ACCIDENT

    Expenses $26,651,035

  • HEALTH REIMBURSEMENT ARRANGEMENT (HRA) BENEFITS

    Expenses $6,221,208

  • COBRA CLAIMS

    Expenses $6,002,525

  • SENIOR HEALTH AND ACCIDENT

    Expenses $5,414,937

  • DENTAL

    Expenses $1,067,912

  • WIDOWS HEALTH AND ACCIDENT

    Expenses $795,345

  • VISION

    Expenses $206,986

  • DISABILITY

    Expenses $71,107

  • DEATH

    Expenses $60,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Hendrix

    TRUSTEE, CO-CHAIRMAN

    Total calculated
    $481,390
    From this org
    $0
    From related orgs
    $317,746
    Other
    $163,644
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $317,746 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $139,104 related
    Nontaxable benefits
    $0 + $24,540 related
    Filer's total
    $0 + $481,390 related

  • Justin Wallace

    TRUSTEE, SECRETARY

    Total calculated
    $493,526
    From this org
    $0
    From related orgs
    $328,814
    Other
    $164,712
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $328,814 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $140,172 related
    Nontaxable benefits
    $0 + $24,540 related
    Filer's total
    $0 + $493,526 related

  • Kelly Osborn

    TRUSTEE, CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Ronnie Wise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Bobby Poteete

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Kime

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Paul Somerville

    TRUSTEE, CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    40

  • Renee Vause

    DIRECTOR

    Total calculated
    $355,139
    From this org
    $280,289
    From related orgs
    $0
    Other
    $74,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,434
    Bonus
    $0
    Other
    $64,855
    Deferred
    $52,098
    Nontaxable benefits
    $22,752
    Filer's total
    $355,139

  • Chad S Williams

    PENSIONS & CONTRIBUTIONS MANAGER

    Total calculated
    $327,496
    From this org
    $254,439
    From related orgs
    $0
    Other
    $73,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,549
    Bonus
    $0
    Other
    $58,890
    Deferred
    $50,305
    Nontaxable benefits
    $22,752
    Filer's total
    $327,496

  • Amber Troyer

    CONTROLLER

    Total calculated
    $183,545
    From this org
    $119,591
    From related orgs
    $0
    Other
    $63,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,591
    Bonus
    $0
    Other
    $0
    Deferred
    $41,202
    Nontaxable benefits
    $22,752
    Filer's total
    $183,545

  • Kimberly Brasiola

    CLAIMS MANAGER

    Total calculated
    $178,973
    From this org
    $117,832
    From related orgs
    $0
    Other
    $61,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,525
    Bonus
    $0
    Other
    $17,307
    Deferred
    $38,389
    Nontaxable benefits
    $22,752
    Filer's total
    $178,973

  • Steve Rowden

    OPERATIONS MANAGER

    Total calculated
    $180,675
    From this org
    $116,867
    From related orgs
    $0
    Other
    $63,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,867
    Bonus
    $0
    Other
    $0
    Deferred
    $41,056
    Nontaxable benefits
    $22,752
    Filer's total
    $180,675

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 · Compensation survey or study
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN B (III)
COMPENSATION INCLUDES CERTAIN PENSION DEFERRALS
SCHEDULE J, PART II, COLUMN C & D
FRINGES ARE IN ACCORDANCE WITH THE NATIONAL PIPE LINE AGREEMENT UNDER A PARTICIPATION AGREEMENT.

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.

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.

  • CHARPS LLC

  • HANGING H COMPANY LLC

  • INFRASOURCE CONSTRUCTION LLC

  • INFRASOURCE SERVICES LLC

  • JOHNSON CREEK DEVELOPMENT LLC

  • MJ ELECTRIC LLC

  • NEW ORLEANS IRON WORKS LLC

  • NOCAR CONTRACTORS LLC

  • OTIS MINNESOTA SERVICES LLC

  • PJ STEEL SUPPLY LLC

  • PIPE STRONG LLC

  • PRECISION INFRASTRUCTURE LLC

  • PRECISION PIPELINE LLC

  • PRECISION WEST LLC

  • THE HILLIS GROUP LLC

  • VETERANS UTILITY SERVICES LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 1127 INCORPORATED

  • ARB INCORPORATED

  • ABERCROMBIE PIPELINE SERVICE

  • ACE PIPELINE INC

  • ALEX PARIS

  • APEX

  • APPALACHIAN PIPELINE CONSTUCTI

  • APPELLATION CONSTRUCTION SERVI

  • ASSOCIATED PIPELINE CONST CO

  • AUGUST WINTER & SONS INC

  • AZCO INC

  • B & G PIPELINE

  • BABCOCK & WILCOX CONST CO I

  • BIG INCH FAB & CONSTRUCTION IN

  • BOND CIVIL & UTILITY CONSTRUCT

  • BROTHERS PIPELINE CORP

  • BRUCON INC

  • CARSON CORPORATION

  • CONTRACTING & MATERIALMEADE

  • CONTRACTORS RENTAL CORPORATION

  • DANELLA CONSTRUCTION CORP

  • DOUBLE D PIPELINE SERVICES

  • FERREIRA CONSTRUCTION

  • FOLTZ WELDING LTD

  • FRANK LILL & SON INC

  • G & C EQUIPMENT CORPORATION

  • G P L CONSTRUCTION INC

  • GABE'S CONSTRUCTION CO INC

  • GEEDING

  • GORDON CONSTRUCTION OF MAHNOME

  • GRAYCOR INDUSTRIAL CONSTRUCTOR

  • HENKELS & MCCOY INC

  • HIGH MOUNTAIN INSPECTION SER I

  • HOLLY CONSTRUCTION CO

  • INTERCON CONSTRUCTION CO INC

  • J FLETCHER CREAMER & SON INC

  • J L ALLEN SERVICES

  • JAYNE EXCAVATING & WELDING

  • JOSEPH M SANZARI INC

  • K S ENERGY SERVICES

  • KEMSCO CONST & EQUIP CO

  • KIRILA CONTRACTORS INC

  • KMETZ INC

  • LAMSAR INC

  • LANTIER CONSTRUCTION COMPANY I

  • LMC INDUSTRIAL CONTRACTORS

  • LOY CLARK PIPELINE

  • MAC INDUSTRIAL SERVICES INC

  • MANN MECHANICAL CO INC

  • MC CIZER PIPELINE

  • MICHELS PIPELINE INC

  • MICHELS UTILITY SERVICES INC

  • MIDWESTERN CONTRACTORS INC

  • MILLER PIPELINE CORP

  • MINNESOTA LIMITED INC

  • NAPP GRECCO COMPANY INC

  • NORTHERN HORIZONS INC

  • NPL CONSTRUCTION CO

  • OTIS EASTERN SERVICE INC

  • OVER & UNDER PIPING CONTRACTOR

  • PRICE GREGORY INTERNATIONAL L

  • Q & D CONSTRUCTION

  • Q3 CONTRACTING

  • R L COOLSAET CONSTRUCTION CO

  • R L MORRIS & SONS

  • RMS WELDING SYSTEMS DBA RMS H

  • ROBERTS PIPELINE CONST CO

  • ROCKFORD CORPORATION

  • ROMAN E&G CORP

  • SCHMID PIPELINE CONSTRUCTION

  • SKODA CONTRACTING CO

  • SNELSON COMPANIES INC

  • T J CONSTRUCTION COMPANY

  • US PIPELINE INC

  • US TRINITY ENERGY SERVICES L

  • UUP INC

  • UNION PIPELINE INC

  • UNITED PIPING INC

  • UTILITY LINE SERVICES

  • UTILITY LINE SRVSDISTRIBUTION

  • VEC INC

  • VOSHELL BROS WELDING INC

  • WA RASIC CONSTRUCTION

  • WATERS & BUGBEE INC

  • WAYNE HOLDEN CO

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349314054

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