Form 990 for tax year 2023
Filed by TOLEDO ELECTRICAL WELFARE FUND.
Totals
- Total revenue
- $50,027,938
- Total expenses
- $44,159,208
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $47,733,979
- Investment income
- $2,254,607
- Other revenue
- $39,352
- Total assets, end of year
- $95,088,652
- Total liabilities, end of year
- $5,208,722
- Net assets or fund balances, end of year
- $89,879,930
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: EMPLOYERS CONTRIBUTIONS
total $45,513,848 · related or exempt $45,513,848
-
2b · Program service revenue: PARTICIPANTS CONTRIBUTIONS
total $2,220,131 · related or exempt $2,220,131
-
3 · Investment income
total $2,514,108 · excluded $2,514,108
-
7a · Gross sales of assets other than inventory
securities $3,559,501
-
7b · Less cost or other basis and sales expenses
securities $3,819,002
-
7c · Gain or loss
securities -$259,501
-
7d · Net gain or loss
total -$259,501 · excluded -$259,501
-
11a · Other revenue: SUBROGATION RECOVERIES
total $39,352 · related or exempt $39,352
-
11e · Other revenue, total
$39,352
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $42,668,831
-
7 · Other salaries and wages
total $507,327
-
9 · Other employee benefits
total $221,261
-
10 · Payroll taxes
total $40,573
-
11b · Fees: legal
total $31,681
-
11c · Fees: accounting
total $58,298
-
11f · Fees: investment management
total $47,913
-
11g · Fees: other
total $178,195
-
13 · Office expenses
total $107,066
-
14 · Information technology
total $150,855
-
16 · Occupancy
total $30,214
-
17 · Travel
total $29,670
-
23 · Insurance
total $59,981
-
24a · Other expenses: PCORI FEE
total $18,237
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $3,075
-
24c · Other expenses: BANK CHARGES & MISCELLA
total $2,820
-
24d · Other expenses: TRUSTEE MEETINGS
total $2,213
-
24e · All other expenses
total $998
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,856,296 · end of year $15,487,466
-
2 · Savings and temporary cash investments
beginning of year $10,417,407 · end of year $10,999,500
-
4 · Accounts receivable
beginning of year $3,368,443 · end of year $4,220,151
-
9 · Prepaid expenses and deferred charges
beginning of year $34,983 · end of year $28,438
-
10a · Land, buildings and equipment: cost or other basis
$69,282
-
10b · Land, buildings and equipment: accumulated depreciation
$69,282
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $58,847,682 · end of year $64,310,828
-
15 · Other assets
beginning of year $58,364 · end of year $42,269
-
17 · Accounts payable and accrued expenses
beginning of year $195,023 · end of year $213,654
-
25 · Other liabilities
beginning of year $4,652,128 · end of year $4,995,068
-
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 $80,736,024 · end of year $89,879,930
Mission and programs · 2023
Mission
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
Activities or mission (Part I)
TO PROVIDE HEALTH AND WELFRE BENEFITS TO MEMBERS AND DEPENDENTS
-
THE TOLEDO ELECTRICAL WELFARE FUND PROVIDES HEALTH AND WELFARE BENEFITS FOR ALL ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
As filed on the 2023 return.
Listed in Part VII
-
Todd T MichaelsenTODD T MICHAELSEN
MGMT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roy B GrosswilerROY B GROSSWILER
LABOR TRUSTEE
- Total calculated
- $184,292
- From this org
- $0
- From related orgs
- $168,028
- Other
- $16,264
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,028 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $16,264 related
- Filer's total
- $0 + $184,292 related
-
Thomas EnrightTHOMAS ENRIGHT
LABOR TRUSTEE
- Total calculated
- $120,461
- From this org
- $0
- From related orgs
- $110,881
- Other
- $9,580
- Hours/week
- 1 + 40 related
-
Randy BryanRANDY BRYAN
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chad TurnerCHAD TURNER
MGMT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sean McCarthySEAN MCCARTHY
MGMT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shaun EnrightSHAUN ENRIGHT
LABOR TRUSTEE
- Total calculated
- $8,602
- From this org
- $0
- From related orgs
- $5,695
- Other
- $2,907
- Hours/week
- 1 + 5 related
-
Erick SchmidtERICK SCHMIDT
MGMT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Curtis DonleyCURTIS DONLEY
ADMINISTRATIVE MANAGER
- Total calculated
- $186,517
- From this org
- $0
- From related orgs
- $145,093
- Other
- $41,424
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $0 + $145,093 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $21,764 related
- Nontaxable benefits
- $0 + $19,660 related
- Filer's total
- $0 + $186,517 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
- 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.
-
LOCAL NO 8 IBEW RETIREMENT PLAN AND TRUST
SECTION 401(A) · PROVIDE ANNUITY BENEFITS FOR MEMBERS · OH
-
NWO ELECTRICAL ADMINISTRATORS INC
SECTION 501(C)(5) · PROVIDE ADMINISTRATIVE SERVICES FOR RELATED ENTITIES · OH
-
TOLEDO ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMMITTEE
SECTION 501(C)(3) · PROVIDE EDUCATION AND TRAINING FOR MEMBERS AND APPRENTICES · OH
-
SECTION 501(C)(5) · PROVIDE COLLECTIVE BARGAINING SERVICES FOR MEMBERS · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422919349301107
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