Form 990 for tax year 2023

Filed by IBEW LOCAL 150 WELFARE FUND.

Totals

Total revenue: $22,709,818
Total expenses: $18,944,209
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $19,343,343
Investment income: $3,198,373
Other revenue: $168,102
Total assets, end of year: $47,603,345
Total liabilities, end of year: $2,988,967
Net assets or fund balances, end of year: $44,614,378
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 $16,804,190 · related or exempt $16,804,190
2b · Program service revenue: Member contributions

total $2,539,153 · related or exempt $2,539,153
3 · Investment income

total $1,458,520 · excluded $1,458,520
7a · Gross sales of assets other than inventory

securities $7,970,919
7b · Less cost or other basis and sales expenses

securities $6,231,066
7c · Gain or loss

securities $1,739,853
7d · Net gain or loss

total $1,739,853 · excluded $1,739,853
11a · Other revenue: Medicare Part D subsidies

total $124,938 · related or exempt $124,938
11b · Other revenue: Contractor portion of audit costs

total $31,814 · related or exempt $31,814
11c · Other revenue: Stop-loss dividends

total $11,286 · related or exempt $11,286
11d · All other revenue

total $64 · related or exempt $64
11e · Other revenue, total

$168,102

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $18,026,920
7 · Other salaries and wages

total $35,806
9 · Other employee benefits

total $35,689
10 · Payroll taxes

total $46,985
11a · Fees: management

total $131,774
11b · Fees: legal

total $72,310
11c · Fees: accounting

total $28,448
11f · Fees: investment management

total $41,496
11g · Fees: other

total $447,363
13 · Office expenses

total $45,345
14 · Information technology

total $729
19 · Conferences, conventions and meetings

total $6,243
23 · Insurance

total $13,314
24a · Other expenses: Bank fees

total $9,018
24b · Other expenses: Fees mandated by Patien

total $2,769

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,125,804 · end of year $634,297
2 · Savings and temporary cash investments

beginning of year $1,609 · end of year $1,077,968
4 · Accounts receivable

beginning of year $1,718,982 · end of year $3,780,064
9 · Prepaid expenses and deferred charges

beginning of year $137,146 · end of year $133,902
10a · Land, buildings and equipment: cost or other basis

$72,298
10b · Land, buildings and equipment: accumulated depreciation

$72,298
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $34,208,701 · end of year $36,154,697
12 · Investments: other securities

beginning of year $5,311,474 · end of year $5,822,417
17 · Accounts payable and accrued expenses

beginning of year $74,333 · end of year $171,539
25 · Other liabilities

beginning of year $2,984,010 · end of year $2,817,428
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 $39,445,373 · end of year $44,614,378

Mission and programs · 2023

Mission

To provide health benefits for participating members and their families

The purpose of the Plan is to provide health and welfare benefits to members and dependents of IBEW Local 150.

As filed on the 2023 return.

Listed in Part VII

Anthony Arnone

Trustee

Total calculated

$0

Hours/week

3
Christopher Schulz

Trustee

Total calculated

$0

Hours/week

3
Jeffrey Harger

Trustee

Total calculated

$0

Hours/week

3
Jeffrey Schwingbeck

Trustee

Total calculated

$2,793

From this org

$0

From related orgs

$2,793

Other

$0

Hours/week

3 + 3 related
Lizabeth Karson

Trustee

Total calculated

$0

Hours/week

3
Steve Smart

Trustee

Total calculated

$240,103

From this org

$0

From related orgs

$136,528

Other

$103,575

Hours/week

3 + 45 related

Schedule J breakdown matched by us

Base

$0 + $136,228 related

Bonus

$0

Other

$0 + $300 related

Deferred

$0 + $67,915 related

Nontaxable benefits

$0 + $35,660 related

Filer's total

$0 + $240,103 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.

IBEW LOCAL 150

501(c)(5) · Organize members for economic, moral and social advancement · IL
IBEW LOCAL 150 PENSION

401 (a) · Provide retirement benefits · IL
IBEW LOCAL 150 SUPPLEMENTAL PENSION

401 (a) · Provide retirement benefits · IL
IBEW LOCAL 150 VACATION

501(c)(9) · Provide vacation benefits · IL
IBEW LOCAL 150 BUILDING

501(c)(2) · Provide services and facilities · IL

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 VET COMMUNICATIONS INC
ABCO ELECTRICAL CONSTR
ACAMARD TECHNOLOGIES INC
ADAM NORTH ELECTRIC
ADVANCED DATA TECHNOLOGIES
ADVENT SYSTEMS INC
ALDRIDGE ELECTRIC INC
ALL TECH ENERGY INC
AMERICAN BACKHOE SERV & EXCAV
AMERICAN ELECTRIC CONSTRUCTION
AMS MECHANICAL SYSTEMS
ANDERSON PUMP SERVICE INC
APPLIED COMMUNICATIONS GROUP
ARGON ELECTRIC COMPANY INC
ARK ELECTRIC INC
ASSOCIATED ELEC OF IL LLC
B&B ELECTRICAL CONTRACTORS LLC
BANDWIDTH MANAGEMENT INC
BASSETT ELECTRICAL CONTRACTING
BEACON SALES SERV INSTAL INC
BELCORE ELECTRIC
BENSON ELECTRICAL CONTRACTING
BERRY ELECTRICAL CONTRACTING
BIP 66 INC
BLACKHAWK ELECTRICAL CONSTRUCT
BLADE ELECTRIC AND TECHNOLOGIE
BLAZE ELECTRIC CORP
BLOCK ELECTRIC COMPANY
BROWN ELECTRIC SERVICE INC
BUTLER CORING INC
CT CONNECT INC
CAMEO ELECTRIC INC
CANINO ELECTRIC CO
CAREY ELECTRIC CONT INC
CARLYN ELECTRICAL CONSTRUCTION
CHICAGO POWER & COMMUNICATIONS
CHICAGO VOICE AND DATA
CIPHER TECHNOLOGY SOLUTIONS
CITY SERVICE ELECTRIC INC
CJ POWER INC
CLIMATE PROS LLC
COMMUNICATION ZONE INC
COMPLETE ELECTRICAL SERVICE
CONCUR ELECTRIC COMPANY
CONNELLY ELECTRIC CO
CONNOR ELECTRIC SVCS INC
CONTINENTAL ELECT CONST CO
CORRECT DIGITAL DISPLAYS INC
CORRECT ELECTRIC INC
CROSSTOWN ER ELECTRIC INC
D & T ELECTRIC INC
DEERFIELD ELECTR CO INC
DELANEY TELECOM DBA BLACKBOX
DMH ENTPRS DBA SOUND PLANNING
DNESCO ELECTRIC
DNR ELECTRICAL CONTRACTORS
DYNAMIC ELECTRIC INC
E STONE INC
ELECTRIC ONE INC
ELECTRICAL BUILDERS INC
ELECTRICAL CONTRACTORS INC
ELECTRICAL DESIGN SYSTEMS CORP
ELECTRICAL INCORPORATED
ELECTRICAL SYSTEMS INC
EMMRICK ELECTRIC INC
FE MORAN INC FIRE PROT N ILL
FE MORAN INC SPECIAL HAZRD SYS
FE MORAN SECURITY SOLUTIONS
FICEK ELECTRIC & COMM SYSTEMS
FIRST SECURITY SYSTEMS INC
G & M ELECTRICAL CONTRACTORS
GS ELECTRIC CO INC
GEARY ELECTRIC INC
GIBSON ELECTRIC & TECH
GRACE POWER & CONTROL
GRAND KAHN ELECTRIC
GROHS ELECTRIC LLC
GURTZ ELECTRIC
H & H ELECTRIC CO
HARDT ELECTRIC INC
HAWK ENTERPRISES INC
HECKER AND COMPANY INC
HELM ELECTRIC
HINSDALE ELECTRIC CO INC
HLP SYSTEMS INC
HOME TOWNE ELECTRIC
HOMESTEAD ELECTRICAL CONTRACTI
HUEN ELECTRIC INC
HUNT ELECTRIC CORPORATION
HUSSMANN CORPORATION
I POWER ELECTRIC LLC
IBEW L150 BOT MTG
IBEW LOCAL 150
IBEW LU 150 WELF & PENS FDS
ICOM INC
ILLINOIS BUSINESS COMM
IMG TECHNOLOGIES INC
INTEGRATED CONTROL TECH LLC
INTEGRATED ELECTRICAL SERVICES
IWIRE TECHNOLOGIES LLC
J HAMILTON ELECTRIC CO INC
JAMERSON & BAUWENS
JAN ELECTRIC LLC
JASCO ELECTRIC CORP
JM POLCURR LLC
JMS ELECTRIC INC
JOHN BURNS CONSTRUCTION CO
JP 6468 GROUP LLC DBA CLVS
K L ELECTRIC CO INC
KACE COMMUNICATIONS LLC
KAISER ELECTRICAL CONTRACTORS
KALISH ELECTRIC CO INC
KB ADVANCED TECHNOLOGIES
KELLENBERGER ELECTRIC INC
KELSO-BURNETT CO
KLASS ELECTRIC COMPANY
KRAUSE ELECTRICAL CONTRACTORS
KROESCHELL INC
KWASIGROCH ELECTRIC INC
L E TECH INC
LAKE BLUFF ELECTR CO INC
LAKE COUNTY JATC
LAUDERDALE ELECTRIC INC
LEE MECHANICAL INC
LIGHTNING COMMUNICATIONS INC
LLD ELECTRIC CO
LOHBAUER ELECTRIC LLC
LOMBARDI ELECTRIC INC
LOW VOLTAGE SOLUTIONS INC
LUMEN ELECTRIC INC
LYONS ELECTRIC DBA
M J ELECTRIC LLC
M T KELLEY ELECTRIC LLC
M3 ELECTRIC INC
MARON ELECTRIC CO
MARTIN ELECTRIC
MCWILLIAMS ELECTRIC CO INC
MEADE ELECTRIC CO INC
MECHANICAL SYSTEMS INC CONTECH
MEDLIN COMMUNICATIONS INC
MID-STATES ELECTRICAL CONT CO
MIDWEST INTERSTATE ELEC CONTR
MK INDUSTRIES INC
MOHAWK ELECTRIC CONSTR
MOOD MEDIA (FORMERLY MUZAK)
MZI ELECTRIC INC
NESKO ELECTRIC COMPANY
NEWCASTLE ELECTRIC INC
NORTHWEST TECHNICAL
NUCORE ELECTRIC INC
O'CARROLL ELECTRIC
OKEH ELECTRIC COMPANY
OMEGA ELECTRIC CO INC DIVISION
PACE ELECTRIC INC
PAKK ELECTRIC INC
PALOS ELECTRIC COMPANY
PENTEGRA SYSTEMS LLC
PETERS ELECTRIC & TECHNOLOGY
PIEPER ELECTRIC INC
PIER ELECTRIC INC
PINNACLE SERVICES INC
POWERLINK ELECTRIC (A)
POWERLINK ELECTRIC LLC
PREFERRED ELECTRICAL CONSTRUCT
PREMIER POWER PROFESSIONALS
PROARC ELECTRICAL CONSTR
PROGRESS ELECTRIC CO
PROSPECT ELECTRIC COMPANY
PROTEX INSTALLATIONS INC
QUANTUM CROSSINGS LLC
RAGUSIN ELECTRIC INC
RANDEL ELECTRIC INC
REX ELECTRIC & TECH LLC
RICAUDENBY ELECTRIC
RIDGEVIEW ELECTRIC INC
RJL GROUP
RON JONES ELECTRIC INC
SCHNEIDER ELECT (FORMERLY ITG)
SEICO INC
SERVICE PLUS INC
SHILLELAGH ELECTRIC INC
SIEVERT ELECTRIC CO
SMC ELECTRICAL CORP
SMG SECURITY HOLDINGS LLC
SMITH ELECTRICAL CONTRACTING
SONOMA CONSTRUCTION SERVICES
SOUND INC
SOUND OF MUSIC LTD
SPIRAL SERVICES LLC DBA
SRC ELECTRIC LLC
STANCY ELECTRIC INC
SUPER ELECTRIC CONSTRUCTION CO
TALON ELECTRIC COMPANY
TEC ELECTRIC INC
TECH ELECTRONICS OF ILLINOIS
TERRANCE ELECTRIC COMPANY
THE RIGHT APPROACH INC
THOMPSON ELECTRONICS CO
THURSTON ELECTRICAL SPECIALTY
TIMCO INC
TITAN ELECTRIC LLC
TOPP NOTCH ELECTRIC LLC
TRI-CITY ELECTRIC COMPANY IOWA
TRI-M ELECTRIC
TURO ELECTRICAL CONSTRUCTION
TWIN ELECTRIC OF CHICAGO
UMBDENSTOCK ELECTRIC INC
UTILITY DYNAMICS CORP
VALLEY ELECTRICAL CONTRACTORS
VAN ERT ELECTRIC
VOLT ELECTRIC

Provenance

Return type: form_990
Tax year: 2023
Filed: 30 April 2025
IRS schema version: 2023v6.0
Source object: 202531209349303378

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