Totals
- Total revenue
- $31,430,846
- Total expenses
- $24,606,559
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $29,109,509
- Investment income
- $1,062,807
- Other revenue
- $1,258,530
- Total assets, end of year
- $29,664,767
- Total liabilities, end of year
- $9,338,149
- Net assets or fund balances, end of year
- $20,326,618
- Program services expenses (Part IX)
- $24,275,661
- Management and general expenses
- $330,898
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $24,275,661
Program services were 98.7% 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: EMPLOYERS CONTRIBUTIONS
total $24,812,874 · related or exempt $24,812,874
-
2b · Program service revenue: RECIPROCAL CONTRIBUTIONS
total $2,696,964 · related or exempt $2,696,964
-
2c · Program service revenue: PARTICIPANTS CONTRIBUTIONS
total $309,244 · related or exempt $309,244
-
2d · Program service revenue: EMPLOYEE CONTRIBUTIONS
total $1,290,427 · related or exempt $1,290,427
-
3 · Investment income
total $1,062,807 · excluded $1,062,807
-
11a · Other revenue: Stop Loss Reimbursements
total $1,255,309 · related or exempt $1,255,309
-
11b · Other revenue: Misc.
total $3,221 · related or exempt $3,221
-
11e · Other revenue, total
$1,258,530
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 $24,275,661 · program services $24,275,661
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $150,000 · management and general $150,000
-
11b · Fees: legal
total $14,417 · management and general $14,417
-
11c · Fees: accounting
total $22,957 · management and general $22,957
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $6,201 · management and general $6,201
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $18,217 · management and general $18,217
-
14 · Information technology
total $26,205 · management and general $26,205
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,112 · management and general $6,112
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $15,979 · management and general $15,979
-
24a · Other expenses: Storage
total $1,200 · management and general $1,200
-
24b · Other expenses: Consultant Fee
total $56,172 · management and general $56,172
-
24c · Other expenses: Bank Fees
total $7,053 · management and general $7,053
-
24d · Other expenses: ERTS Fees
total $2,480 · management and general $2,480
-
24e · All other expenses
total $3,905 · management and general $3,905
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,590,664 · end of year $6,056,347
-
2 · Savings and temporary cash investments
beginning of year $4,526,085 · end of year $8,505,536
-
4 · Accounts receivable
beginning of year $2,542,047 · end of year $2,652,257
-
9 · Prepaid expenses and deferred charges
beginning of year $2,065 · end of year $2,327
-
11 · Investments: publicly traded securities
beginning of year $10,484,211 · end of year $12,448,300
-
17 · Accounts payable and accrued expenses
beginning of year $89,441 · end of year $209,249
-
25 · Other liabilities
beginning of year $7,553,300 · end of year $9,128,900
-
31 · Retained earnings, endowment or other funds
beginning of year $13,502,331 · end of year $20,326,618
Mission and programs · 2023
Mission
To provide electricians medical benefits in Houston
Activities or mission (Part I)
To provide medical benefits to electricians in Houston
-
THE EXEMPT PURPOSE IS TO PROVIDE MEDICAL BENEFITS TO THE 1984 ELIGIBLE MEMBERS OF THE PLAN AND THEIR DEPENDENTS AND BENEFICIARIES.
Expenses $24,275,661
As filed on the 2023 return.
Listed in Part VII
-
Allen Grainey
Mangaement Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Brad Hibbets
Management Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Randy Lozano
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Calvin Brisker
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Stephen Gonzales
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Curtis Harbor
Management Trustee
- Total calculated
- $0
- Hours/week
- 2 + 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.
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.
-
IBEW Local 716 Pension Trust
401b3 · Pension Plan · TX
Directly controlled by IBEW-NECA
-
IBEW Local 716 Retirement
401b3 · Retirement Plan · TX
Directly controlled by IBEW-NECA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432899349300928
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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