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← HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 47 WELFARE FUND

Form 990 for tax year 2023

Filed by HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 47 WELFARE FUND.

Totals

Total revenue
$3,758,817
Total expenses
$3,938,654
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,711,102
Investment income
$38,052
Other revenue
$9,663
Total assets, end of year
$5,584,399
Total liabilities, end of year
$2,421,344
Net assets or fund balances, end of year
$3,163,055
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $3,195,597 · related or exempt $3,195,597

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIO

    total $515,505 · related or exempt $515,505

  • 3 · Investment income

    total $175,381 · related or exempt $175,381

  • 7a · Gross sales of assets other than inventory

    securities $984,135

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

    securities $1,121,464

  • 7c · Gain or loss

    securities -$137,329

  • 7d · Net gain or loss

    total -$137,329 · related or exempt -$137,329

  • 11a · Other revenue: LIQUIDATED DAMAGES

    total $9,663 · related or exempt $9,663

  • 11e · Other revenue, total

    $9,663

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,586,855

  • 11a · Fees: management

    total $264,625

  • 11b · Fees: legal

    total $13,723

  • 11c · Fees: accounting

    total $19,142

  • 11f · Fees: investment management

    total $11,431

  • 11g · Fees: other

    total $8,450

  • 13 · Office expenses

    total $14,485

  • 19 · Conferences, conventions and meetings

    total $10,453

  • 23 · Insurance

    total $9,490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $257,550 · end of year $202,292

  • 2 · Savings and temporary cash investments

    beginning of year $6,361 · end of year $176,380

  • 4 · Accounts receivable

    beginning of year $207,219 · end of year $358,585

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,569 · end of year $13,374

  • 11 · Investments: publicly traded securities

    beginning of year $4,353,213 · end of year $4,833,768

  • 12 · Investments: other securities

    beginning of year $314,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,523 · end of year $116,344

  • 25 · Other liabilities

    beginning of year $2,258,000 · end of year $2,305,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,853,577 · end of year $3,163,055

Mission and programs · 2023

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE PLAN.

  • TO PROVIDE HEALTH CARE, DISABILITY AND LIFE INSURANCE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • Joshua Kroell

    SECRETARY

    Total calculated
    $157,902
    From this org
    $0
    From related orgs
    $96,446
    Other
    $61,456
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $96,446 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $61,456 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $157,902 related

  • Joshua Scalici

    TRUSTEE

    Total calculated
    $49,518
    From this org
    $0
    From related orgs
    $0
    Other
    $49,518
    Hours/week
    1 + 40 related

  • Walter Wilson

    TRUSTEE

    Total calculated
    $38,305
    From this org
    $0
    From related orgs
    $2,850
    Other
    $35,455
    Hours/week
    1 + 40 related

  • John Lyons

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Thomas Dylenski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Robert Williams

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 40 related

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

None.

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 corporations and trusts

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

  • API INC

  • ADVANCED INDUSTRIAL SERVICES

  • ALLIED POWER

  • ANDY J EGAN COMPANY INC

  • ASCEND SEWING & INSULATION LLC

  • ATLANTIC PLANT MAINT INC

  • BRANDSAFWAY INDUSTRIES LLC

  • BROCK INDUSTRIAL SERVICES LLC

  • CHAMPION SPECIALTY SERV LLC

  • CONSOLIDATED MECHANICAL INC

  • ECO MECHANICAL INSULATION LLC

  • ELITE MECHANICAL INSULATION

  • HEAT & FROST INSULATORS 47

  • HUNTER PRELL COMPANY

  • JEN-SUM MECHANICAL

  • K&N ELITE INSULATION LLC

  • LAKE STATE INSULATION INC

  • LANSING MECHANICAL INSULATION

  • LOCAL 47 JATC

  • MECHANICAL & INDUSTRIAL INSUL

  • MECHANICAL HEAT & FROST INS INC

  • MICHIGAN MECHANICAL INSUL INC

  • MID-MICHIGAN MECH INSULATION

  • N B PROCESSING INC

  • NELSON INSULATION CO

  • RI BONDY INSULATION

  • REVARD MECHANICAL INSULATION

  • RIVAL INSULATION LLC

  • T&C INSULATION INC

  • TICON INC

  • TRIDENT INSULATION SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202422499349300132

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