Form 990 for tax year 2023
Filed by ASBESTOS WORKERS LOCAL 24 MEDICAL FUND.
Totals
- Total revenue
- $7,869,271
- Total expenses
- $7,833,020
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,317,774
- Investment income
- $311,530
- Other revenue
- $239,967
- Total assets, end of year
- $14,236,529
- Total liabilities, end of year
- $1,926,735
- Net assets or fund balances, end of year
- $12,309,794
- 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: EMPLOYER CONTRIBUTIONS
total $7,046,879 · related or exempt $7,046,879
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $270,895 · related or exempt $270,895
-
3 · Investment income
total $291,120 · excluded $291,120
-
7a · Gross sales of assets other than inventory
securities $6,962,485
-
7b · Less cost or other basis and sales expenses
securities $6,942,075
-
7c · Gain or loss
securities $20,410
-
7d · Net gain or loss
total $20,410 · excluded $20,410
-
11a · Other revenue: OTHER INCOME
total $239,967 · related or exempt $239,967
-
11e · Other revenue, total
$239,967
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $7,328,212
-
11a · Fees: management
total $225,577
-
11b · Fees: legal
total $23,196
-
11c · Fees: accounting
total $20,434
-
11f · Fees: investment management
total $68,472
-
11g · Fees: other
total $142,654
-
13 · Office expenses
total $18,657
-
19 · Conferences, conventions and meetings
total $3,976
-
23 · Insurance
total $1,842
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,430,049 · end of year $1,901,134
-
2 · Savings and temporary cash investments
beginning of year $536,126 · end of year $590,716
-
4 · Accounts receivable
beginning of year $852,214 · end of year $952,343
-
9 · Prepaid expenses and deferred charges
end of year $1,842
-
11 · Investments: publicly traded securities
beginning of year $8,482,472 · end of year $8,264,283
-
12 · Investments: other securities
beginning of year $2,498,774 · end of year $2,526,211
-
17 · Accounts payable and accrued expenses
beginning of year $32,208 · end of year $35,316
-
25 · Other liabilities
beginning of year $1,804,604 · end of year $1,891,419
-
27 · Net assets without donor restrictions
beginning of year $11,962,823 · end of year $12,309,794
Mission and programs · 2023
Mission
THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY, VISION, DENTAL AND DEATH BENEFITS.
-
THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY, VISION, DENTAL, AND DEATH BENEFITS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.
As filed on the 2023 return.
Listed in Part VII
-
Robert CiancagliniROBERT CIANCAGLINI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Scott GrantSCOTT GRANT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Brian S CaveyBRIAN S CAVEY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Robert McCourtROBERT MCCOURT
UNION TRUSTEE (P)
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Jonathan PotterJONATHAN POTTER
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Andrew TomlinsonANDREW TOMLINSON
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Julio CaicedoJULIO CAICEDO
UNION TRUSTEE
- Total calculated
- $164,052
- From this org
- $0
- From related orgs
- $114,893
- Other
- $49,159
- Hours/week
- 1 + 4 related
Schedule J breakdown matched by us
- Base
- $0 + $114,893 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,629 related
- Nontaxable benefits
- $0 + $20,530 related
- Filer's total
- $0 + $164,052 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
- 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.
-
ASBESTOS WORKERS LOCAL 24 INDUSTRY ADVANCEMENT & ADVOCACY FUND
501(C)(5) · WORK TO PROMOTE A POSITIVE IMAGE OF UNION WORKERS AND CONSTRACTORS · MD
-
INT'L ASSN OF HEAT & FROST INSULATORS & ASBESTOS WORKERS L 24
501(C)(5) · TO ENCOURAGE A HIGHER STANDARD OF SKILL AMONG ITS MEMBERS · MD
-
ASBESTOS WORKERS LOCAL 24 APPRENTICESHIP FUND
501(C)(3) · TO PROVIDE A TRAINING AND EDUCATIONAL PROGRAM FOR APPRENTICES AND JOURNEYMEN · MD
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.
-
A&R MECHANICAL INSULATION
-
ADVANCED SPECIALITY CONSTRUCTION
-
ALLIED POWER LLC
-
ANGLESEY CONTRACTIONS INC
-
BRANDSAFEWAY INDUSTRIES LLC
-
BROCK INDUSTRIAL
-
C&H MECHANICAL INSULATION LLC
-
CAMPBELL GIVVONS & ASSOCIATES
-
CARDAY ASSOCIATES
-
FPI INC
-
FREESTATE INSULATION
-
HURLEY COMPANY
-
INSUL-TECH INC
-
M&M WELDING & FABRICATING
-
RABCO INSULATION
-
RH LAP & SONS
-
SOUTHERN INSULATION INC
-
TBN ASSOCIATES INC
-
TRINITY ENERGY INSULATION LLC
-
G&M SERVICES
-
ARNOLD GROUP USA INC
-
RIVAL INSULATION LLC
-
SUPERIOR INDUSTRIAL INSULATION CO
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531059349302273
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