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Nonprofiteer
← PIPE FITTERS LOCAL 211 WELFARE TRUST

Form 990 for tax year 2024

Filed by PIPE FITTERS LOCAL 211 WELFARE TRUST.

Totals

Total revenue
$33,931,959
Total expenses
$23,822,093
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,204,703
Investment income
$1,965,585
Other revenue
$1,761,671
Total assets, end of year
$56,606,166
Total liabilities, end of year
$14,336,577
Net assets or fund balances, end of year
$42,269,589
Program services expenses (Part IX)
$23,016,646
Management and general expenses
$805,447
Fundraising expenses
$0
Program service expenses (Part III)
$23,016,646

Program services were 96.6% 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: EMPLOYER CONTRIBUTIONS

    total $30,144,220 · related or exempt $30,144,220

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $60,483 · related or exempt $60,483

  • 3 · Investment income

    total $1,965,585 · excluded $1,965,585

  • 11a · Other revenue: REINSURANCE

    total $1,626,618 · related or exempt $1,626,618

  • 11b · Other revenue: APPRECIATION OF INVESTMENT

    total $135,053 · excluded $135,053

  • 11e · Other revenue, total

    $1,761,671

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $19,372,362 · program services $19,372,362

  • 7 · Other salaries and wages

    total $216,671 · program services $216,671

  • 9 · Other employee benefits

    total $98,577 · program services $98,577

  • 10 · Payroll taxes

    total $19,282 · program services $19,282

  • 11a · Fees: management

    total $267,210 · management and general $267,210

  • 11b · Fees: legal

    total $127,529 · management and general $127,529

  • 11c · Fees: accounting

    total $167,400 · management and general $167,400

  • 11f · Fees: investment management

    total $127,468 · management and general $127,468

  • 13 · Office expenses

    total $53,331 · program services $53,331

  • 19 · Conferences, conventions and meetings

    total $7,656 · program services $7,656

  • 22 · Depreciation, depletion and amortization

    total $771 · management and general $771

  • 23 · Insurance

    total $35,953 · program services $35,953

  • 24a · Other expenses: INSURANCE PREMIUM

    total $1,683,882 · program services $1,683,882

  • 24b · Other expenses: BENEFIT OBLIGATION CHAN

    total $1,499,602 · program services $1,499,602

  • 24c · Other expenses: CONSULTING FEE

    total $115,069 · management and general $115,069

  • 24d · Other expenses: BANK FEES & OTHER

    total $29,330 · program services $29,330

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,078,858 · end of year $7,878,890

  • 4 · Accounts receivable

    beginning of year $2,390,553 · end of year $2,892,466

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

    $83,380

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

    $74,880

  • 10c · Land, buildings and equipment, net

    beginning of year $9,271 · end of year $8,500

  • 11 · Investments: publicly traded securities

    beginning of year $35,690,287 · end of year $45,826,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,184,876 · end of year $1,012,605

  • 25 · Other liabilities

    beginning of year $11,824,370 · end of year $13,323,972

  • 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 $32,159,723 · end of year $42,269,589

Mission and programs · 2024

Mission

PROVISION OF HEALTH BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

Activities or mission (Part I)

Provision of health benefits for its members and their dependents.

  • PROVISION OF HEALTH BENEFITS TO QUALIFIED EMPLOYEES AND DEPENDENTS.

    Expenses $23,016,646 · Revenue $33,931,959

As filed on the 2024 return.

Listed in Part VII

  • Bryan Edwards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Tony McCorvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Kenneth Waybright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Doug Gregory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mark Letsos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Rick Beeler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Octavio Rojas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jeff Broussadr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Randy Beal

    COORDINATOR

    Total calculated
    $155,959
    From this org
    $155,959
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,959
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,959

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202522869349301327

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