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← ELECTRICAL WELFARE TRUST FUND

Form 990 for tax year 2024

Filed by ELECTRICAL WELFARE TRUST FUND.

Totals

Total revenue
$195,649,514
Total expenses
$173,628,539
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$180,684,731
Investment income
$14,914,402
Other revenue
$50,381
Total assets, end of year
$300,421,776
Total liabilities, end of year
$3,104,349
Net assets or fund balances, end of year
$297,317,427
Program services expenses (Part IX)
$169,517,337
Management and general expenses
$4,111,202
Fundraising expenses
not reported
Program service expenses (Part III)
$169,517,337

Program services were 97.6% 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: CONTRIBUTIONS FROM EMPLOYEES AND EMPLOYERS

    total $180,684,731 · related or exempt $180,684,731

  • 3 · Investment income

    total $10,729,952 · excluded $10,729,952

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $131,673,648

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

    securities $127,489,198

  • 7c · Gain or loss

    securities $4,184,450

  • 7d · Net gain or loss

    total $4,184,450 · excluded $4,184,450

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: DATA ENTRY FEES

    total $24,000 · related or exempt $24,000

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $26,381 · related or exempt $26,381

  • 11e · Other revenue, total

    $50,381

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 $169,517,337 · program services $169,517,337

  • 5 · Compensation of officers, directors and key employees

    total $263,337 · management and general $263,337

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,986,520 · management and general $1,986,520

  • 8 · Pension plan contributions

    total $479,338 · management and general $479,338

  • 9 · Other employee benefits

    total $304,101 · management and general $304,101

  • 10 · Payroll taxes

    total $168,661 · management and general $168,661

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $633,681 · management and general $633,681

  • 11c · Fees: accounting

    total $82,700 · management and general $82,700

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $562,026 · management and general $562,026

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $273,072 · management and general $273,072

  • 14 · Information technology

    total $910,247 · management and general $910,247

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $148,014 · management and general $148,014

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $71,079 · management and general $71,079

  • 23 · Insurance

    total $61,392 · management and general $61,392

  • 24a · Other expenses: PRINTING

    total $84,108 · management and general $84,108

  • 24b · Other expenses: POSTAGE

    total $74,200 · management and general $74,200

  • 24c · Other expenses: CONSULTANTS

    total $236,852 · management and general $236,852

  • 24d · Other expenses: ACA FEES

    total $88,196 · management and general $88,196

  • 24e · All other expenses

    total -$2,316,322 · management and general -$2,316,322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $188,163 · end of year $202,227

  • 2 · Savings and temporary cash investments

    beginning of year $20,182,357 · end of year $27,218,171

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $19,604,015 · end of year $21,354,219

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,855 · end of year $106,342

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

    $722,170

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

    $672,927

  • 10c · Land, buildings and equipment, net

    beginning of year $103,881 · end of year $49,243

  • 11 · Investments: publicly traded securities

    beginning of year $239,859,269 · end of year $249,701,970

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,965,185 · end of year $1,789,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $563,581 · end of year $1,298,682

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,969,174 · end of year $1,805,667

  • 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 $279,472,970 · end of year $297,317,427

Mission and programs · 2024

Mission

TO PROVIDE ACCIDENT, HOSPITAL, MEDICAL, SURGICAL, DENTAL, PRESCRIPTION, VISION, DISABILITY, EMPLOYEE ASSISTANCE, AND DEATH BENEFITS FOR ELIGIBLE PARTICIPANTS AS AGREED UPON BY THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION - WASHINGTON, DC CHAPTER AND INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 26.

Activities or mission (Part I)

TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS AS AGREED UPON BY THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION - WASHINGTON, DC CHAPTER AND IBEW LOCAL UNION NO. 26.

  • HEALTH AND WELFARE BENEFITS FOR PARTICIPANTS AND THEIR DEPENDENTS.

    Expenses $169,517,337

As filed on the 2024 return.

Listed in Part VII

  • Joseph Dabbs

    TRUSTEE

    Total calculated
    $275,619
    From this org
    $0
    From related orgs
    $228,452
    Other
    $47,167
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $228,452 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,520 related
    Nontaxable benefits
    not reported + $16,647 related
    Filer's total
    not reported + $275,619 related
  • Michael McCarron

    FUND Administrator

    Total calculated
    $263,337
    From this org
    $223,503
    From related orgs
    $0
    Other
    $39,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,503
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,194
    Nontaxable benefits
    $16,640
    Filer's total
    $263,337
  • Thomas Myers

    TRUSTEE

    Total calculated
    $246,727
    From this org
    $0
    From related orgs
    $200,401
    Other
    $46,326
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $200,401 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,679 related
    Nontaxable benefits
    not reported + $16,647 related
    Filer's total
    not reported + $246,727 related
  • Richard Murphy

    Trustee

    Total calculated
    $230,758
    From this org
    $0
    From related orgs
    $184,897
    Other
    $45,861
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $184,897 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,214 related
    Nontaxable benefits
    not reported + $16,647 related
    Filer's total
    not reported + $230,758 related
  • Crystal Milligan

    HEALTH & WELFARE DEPT MANAGER

    Total calculated
    $216,721
    From this org
    $176,887
    From related orgs
    $0
    Other
    $39,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,887
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,194
    Nontaxable benefits
    $16,640
    Filer's total
    $216,721
  • Robin Balint

    Retirement/Admin Dept Manager

    Total calculated
    $195,918
    From this org
    $156,084
    From related orgs
    $0
    Other
    $39,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,084
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,194
    Nontaxable benefits
    $16,640
    Filer's total
    $195,918
  • James Chambers

    IT SPECIALIST

    Total calculated
    $162,263
    From this org
    $118,913
    From related orgs
    $0
    Other
    $43,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,913
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,103
    Nontaxable benefits
    $18,247
    Filer's total
    $162,263
  • Dawn Oakes

    HEALTH & WELFARE SPECIALIST

    Total calculated
    $156,374
    From this org
    $117,372
    From related orgs
    $0
    Other
    $39,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,372
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,602
    Nontaxable benefits
    $16,400
    Filer's total
    $156,374
  • Michelle Coakley

    TEAM LEADER ACOUNTING

    Total calculated
    $148,911
    From this org
    $109,884
    From related orgs
    $0
    Other
    $39,027
    Hours/week
    40
  • Brian Moorefield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • David Singleton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Francis Diguiseppe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

  • see attached schedule

    Directly controlled by NA

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.

  • see attached schedule

    Directly controlled by na

Related corporations and trusts

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

  • see attached schedule

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349302342

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