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← PLUMBERS & PIPEFITTERS LOCAL 625 HEALTH & WELFARE FUND

Form 990 for tax year 2024

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

Totals

Total revenue
$6,979,151
Total expenses
$5,823,269
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,789,347
Investment income
$189,804
Other revenue
$0
Total assets, end of year
$8,739,981
Total liabilities, end of year
$5,339
Net assets or fund balances, end of year
$8,734,642
Program services expenses (Part IX)
$5,670,191
Management and general expenses
$153,078
Fundraising expenses
$0
Program service expenses (Part III)
$5,670,191

Program services were 97.4% 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 $6,624,286 · related or exempt $6,624,286

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

    total $165,061 · related or exempt $165,061

  • 3 · Investment income

    total $189,804 · related or exempt $189,804

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,194,694 · program services $5,194,694

  • 11a · Fees: management

    total $126,000 · management and general $126,000

  • 11b · Fees: legal

    total $12,092 · management and general $12,092

  • 11c · Fees: accounting

    total $11,793 · management and general $11,793

  • 11g · Fees: other

    total $457,690 · program services $457,690

  • 13 · Office expenses

    total $3,193 · management and general $3,193

  • 17 · Travel

    total $6,495 · program services $6,495

  • 23 · Insurance

    total $8,151 · program services $8,151

  • 24a · Other expenses: PCORI Fees

    total $3,161 · program services $3,161

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,890,046 · end of year $49,168

  • 2 · Savings and temporary cash investments

    end of year $5,808,761

  • 4 · Accounts receivable

    beginning of year $3,356,290 · end of year $2,359,486

  • 9 · Prepaid expenses and deferred charges

    beginning of year $390,210 · end of year $522,566

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,786 · end of year $5,339

  • 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 $7,578,760 · end of year $8,734,642

Mission and programs · 2024

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 $5,670,191

As filed on the 2024 return.

Listed in Part VII

  • Paul Breedlove

    Trustee

    Total calculated
    $114,534
    From this org
    $0
    From related orgs
    $114,534
    Other
    $0
    Hours/week
    1 + 40 related

  • Craig Mosteller

    Trustee

    Total calculated
    $111,915
    From this org
    $0
    From related orgs
    $111,915
    Other
    $0
    Hours/week
    1 + 40 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.

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
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202601059349301300

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