Form 990 for tax year 2022
Filed by INSULATORS LOCAL NO 53 WELFARE FUND.
Totals
- Total revenue
- $2,735,176
- Total expenses
- $1,625,159
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,454,931
- Investment income
- $280,245
- Other revenue
- $0
- Total assets, end of year
- $7,764,522
- Total liabilities, end of year
- $1,180,683
- Net assets or fund balances, end of year
- $6,583,839
- Program services expenses (Part IX)
- $1,524,805
- Management and general expenses
- $100,354
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $343,653
Program services were 93.8% 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 $1,391,206 · related or exempt $1,391,206
-
2b · Program service revenue: MEMBER CONTRIBUTIONS
total $66,147 · related or exempt $66,147
-
2c · Program service revenue: RECIPROCAL TRANSFERS
total $997,578 · related or exempt $997,578
-
3 · Investment income
total $280,245 · excluded $280,245
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $1,242,726 · program services $1,242,726
-
5 · Compensation of officers, directors and key employees
total $16,875 · program services $16,875
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $5,992 · management and general $5,992
-
9 · Other employee benefits
total $2,624 · management and general $2,624
-
10 · Payroll taxes
total $1,419 · management and general $1,419
-
11a · Fees: management
total $146,662 · program services $146,662
-
11b · Fees: legal
total $72,051 · program services $72,051
-
11c · Fees: accounting
total $24,565 · management and general $24,565
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $25,911 · program services $25,911
-
11g · Fees: other
total $46,114 · management and general $46,114
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $7,272 · management and general $7,272
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,903 · management and general $4,903
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $8,516 · program services $8,516
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $7,465 · management and general $7,465
-
24a · Other expenses: GROUP VISION SERVICE FEES
total $10,129 · program services $10,129
-
24b · Other expenses: GOVERNMENT FEES
total $1,935 · program services $1,935
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $229,491 · end of year $277,107
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $121,564 · end of year $101,722
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $7,195,149 · end of year $7,385,692
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $1
-
25 · Other liabilities
beginning of year $1,096,000 · end of year $1,180,683
-
29 · Capital stock, trust principal or current funds
beginning of year $6,450,204 · end of year $6,583,839
Mission and programs · 2022
Mission
THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS/ MEMBERS WHO EMPLOY MEMBERS OF THE UNION. CONTRIBUTIONS ARE RECEIVED ON EACH COVERED HOUR WORKED. THESE FUNDS ARE USED TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.
-
THE FUND PROVIDES A PRESCRIPTION DRUG CARD TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.
Expenses $165,972
-
STOP LOSS INSURANCE COVERAGE
Expenses $163,099
-
THE FUND PROVIDES MAJOR MEDICAL BENEFITS FOR HOSPITAL, DOCTOR, LAB AND DIAGNOSTIC HEALTH CARE TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.
Expenses $14,582
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ryan BordelonRYAN BORDELON
EXECUTIVE DIRECTOR
- Total calculated
- $16,137
- From this org
- $16,137
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Scott McLeanSCOTT MCLEAN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David SchuberDAVID SCHUBER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Carl WilsonCARL WILSON
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kristopher ComeauxKRISTOPHER COMEAUX
Chairman
- 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.
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.
-
INSULATORS LOCAL NO 53 PENSION FUND
501 C9 · ERISA PENSION · LA · controlled entity
Directly controlled by YES
-
501C3 · ERISA TRAINING · LA
Directly controlled by NO
-
501 C5 · SPONSORING ORG · LA
Directly controlled by NO
-
INSULATORS LOCAL NO 53 WELFARE FUND
501 C9 · ERISA WELFARE · LA
Directly controlled by NO
-
501 C5 · SPONSORING ORGANIZATION · LA
Directly controlled by NO
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.
-
ALLTEMP INSULATIONS INC
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
CSI
C CORP · SPONSORING ORG · LA
Directly controlled by NO
-
DAY & ZIMMERMAN
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
FLOUR CONSTRUCTORS INTERNATIONAL
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
SCI
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
SOUTHEAST INSULATION INC
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
TAYLOR-SEIDENBACH INC
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
TURNER INDUSTRIES
C CORP · SPONSORING · LA
Directly controlled by NO
-
ADVANCED ENERGY PROTECTION LLC
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
DAY & ZIMMERMAN - WATERFORD
C CORP · CONTRIBUTING · PA
Directly controlled by NO
-
EAGLE INSULATIONS SOUTHEAST LLC
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
GOMEZ CONSTRUCTION & INSULATION LLC
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
TSI
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
QUALITY COMMERICAL INSULATION
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
ME&I
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
BHI
C CORP · CONTRIBUTING · LA
Directly controlled by NO
-
FLOUR CONSTRUCTORS INTERNATIONAL
C CORP · CONTRIBUTING EMPLOYER · SC
Directly controlled by NO
-
TURNER INDUSTRIES
C CORP · CONTRIBUTING EMPLOYER · LA
Directly controlled by NO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333129349305218
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