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← PLUMBERS AND PIPEFITTERS LOCAL UNION 9 WELFARE FUND

Form 990 for tax year 2022

Filed by PLUMBERS AND PIPEFITTERS LOCAL UNION 9 WELFARE FUND.

Totals

Total revenue
$29,668,428
Total expenses
$29,022,720
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,958,678
Investment income
$709,750
Other revenue
$0
Total assets, end of year
$33,170,398
Total liabilities, end of year
$3,618,326
Net assets or fund balances, end of year
$29,552,072
Program services expenses (Part IX)
$28,243,225
Management and general expenses
$779,495
Fundraising expenses
$0
Program service expenses (Part III)
$28,243,225

Program services were 97.3% 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 $25,087,198 · related or exempt $25,087,198

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $2,181,565 · related or exempt $2,181,565

  • 2c · Program service revenue: PRESCRIPTION REBATES

    total $1,341,767 · related or exempt $1,341,767

  • 2d · Program service revenue: STOP LOSS REIMBURSEMEN

    total $330,588 · related or exempt $330,588

  • 2e · Program service revenue: MISCELLANEOUS INCOME

    total $17,560 · related or exempt $17,560

  • 3 · Investment income

    total $709,750 · related or exempt $709,750

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $28,243,225 · program services $28,243,225

  • 11a · Fees: management

    total $535,365 · management and general $535,365

  • 11b · Fees: legal

    total $50,972 · management and general $50,972

  • 11c · Fees: accounting

    total $49,550 · management and general $49,550

  • 11f · Fees: investment management

    total $85,079 · management and general $85,079

  • 11g · Fees: other

    total $22,758 · management and general $22,758

  • 13 · Office expenses

    total $17,389 · management and general $17,389

  • 19 · Conferences, conventions and meetings

    total $5,576 · management and general $5,576

  • 23 · Insurance

    total $5,405 · management and general $5,405

  • 24a · Other expenses: PCORI FEES

    total $7,401 · management and general $7,401

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,310,500 · end of year $1,839,650

  • 2 · Savings and temporary cash investments

    beginning of year $125,640 · end of year $94,154

  • 4 · Accounts receivable

    beginning of year $2,863,211 · end of year $3,870,925

  • 12 · Investments: other securities

    beginning of year $27,517,475 · end of year $27,365,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $736,811 · end of year $1,086,515

  • 25 · Other liabilities

    beginning of year $2,412,950 · end of year $2,531,811

  • 29 · Capital stock, trust principal or current funds

    beginning of year $29,667,065 · end of year $29,552,072

  • 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 $0

Mission and programs · 2022

Mission

PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

  • PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

    Expenses $28,243,225 · Revenue $29,668,428

As filed on the 2022 return.

Listed in Part VII

  • Daniel Reuter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vincent Spiezio III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Sapner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert J Breyta Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Phillip Petillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Strobino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian F Kearns

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Whalen III

    TRUSTEE

    Total calculated
    $281,925
    From this org
    $0
    From related orgs
    $157,174
    Other
    $124,751
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,939 related
    Bonus
    $0
    Other
    $0 + $3,235 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $124,751 related
    Filer's total
    $0 + $281,925 related

  • Justin Maloney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Maloney

    TRUSTEE

    Total calculated
    $301,559
    From this org
    $0
    From related orgs
    $174,075
    Other
    $127,484
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,871 related
    Bonus
    $0
    Other
    $0 + $9,204 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $127,484 related
    Filer's total
    $0 + $301,559 related

  • Patrick Scharnitz

    TRUSTEE

    Total calculated
    $246,978
    From this org
    $0
    From related orgs
    $129,374
    Other
    $117,604
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,352 related
    Bonus
    $0
    Other
    $0 + $4,022 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $117,604 related
    Filer's total
    $0 + $246,978 related

  • Thomas F Panconi Jr

    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.

  • PLUMBERS LOCAL 9 UNION

    501(c)(5) · LABOR UNION REPRESENTING MEMBERS · NJ

  • PLUMBERS LOCAL 9 PENSION PLAN

    401(A) · PROVIDE PENSION BENEFITS TO PARTICIPANTS · NJ

  • PLUMBERS LOCAL 9 SURETY FUND

    401(A) · PROVIDE RETIREMENT BENEFITS TO PARTICIPANTS · NJ

  • PLUMBERS LOCAL 9 EDUCATION FUND

    501(c)(3) · PROVIDE TRAINING AND EDUCATION BENEFITS TO PARTICIPANTS · NJ

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349310754

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