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Nonprofiteer
← WEST VIRGINIA LABORERS TRUST FUND

Form 990 for tax year 2023

Filed by WEST VIRGINIA LABORERS TRUST FUND.

Totals

Total revenue
$36,468,627
Total expenses
$37,018,315
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$32,861,039
Investment income
$3,607,588
Other revenue
$0
Total assets, end of year
$145,554,655
Total liabilities, end of year
$1,107,855
Net assets or fund balances, end of year
$144,446,800
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$37,018,315

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: MULTI-EMPLOYER CONTRIBUTIONS

    total $32,037,913 · related or exempt $32,037,913

  • 2b · Program service revenue: SELF-PAY

    total $823,126 · related or exempt $823,126

  • 3 · Investment income

    total $3,618,404 · excluded $3,618,404

  • 7a · Gross sales of assets other than inventory

    securities $47,292,697

  • 7b · Less cost or other basis and sales expenses

    securities $47,303,513

  • 7c · Gain or loss

    securities -$10,816

  • 7d · Net gain or loss

    total -$10,816 · excluded -$10,816

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $35,175,863

  • 5 · Compensation of officers, directors and key employees

    total $121,731

  • 7 · Other salaries and wages

    total $443,633

  • 9 · Other employee benefits

    total $389,899

  • 10 · Payroll taxes

    total $169,296

  • 11b · Fees: legal

    total $22,046

  • 11c · Fees: accounting

    total $59,976

  • 11f · Fees: investment management

    total $283,899

  • 13 · Office expenses

    total $208,725

  • 14 · Information technology

    total $134,259

  • 16 · Occupancy

    total $34,103

  • 23 · Insurance

    total $524,208

  • 24a · Other expenses: CLAIMS ADMINISTRATIVE F

    total $171,223

  • 24b · Other expenses: ACTUARY EXPENSE

    total $133,206

  • 24c · Other expenses: PRINTING

    total $50,620

  • 24d · Other expenses: POSTAGE

    total $35,000

  • 24e · All other expenses

    total -$939,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,662 · end of year $77,416

  • 2 · Savings and temporary cash investments

    beginning of year $2,252,518 · end of year $892,108

  • 4 · Accounts receivable

    beginning of year $2,488,416 · end of year $3,194,553

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

    $209,103

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

    $209,103

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $52,568,453 · end of year $57,862,112

  • 12 · Investments: other securities

    beginning of year $81,399,087 · end of year $83,528,466

  • 17 · Accounts payable and accrued expenses

    beginning of year $536,311 · end of year $1,107,855

  • 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 $138,179,825 · end of year $144,446,800

Mission and programs · 2023

Mission

HEALTH AND WELFARE BENEFIT ADMINISTRATION

Activities or mission (Part I)

HEALTH & WELFARE BENEFIT ADMINISTRATION

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO PLAN PARTICIPANTS

    Expenses $37,018,315 · Revenue $32,861,039

As filed on the 2023 return.

Listed in Part VII

  • Jessie King

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • James Carney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jason Hershman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Timothy Gooden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Byron McGrady

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dan Loy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Matt Freeland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mary Prim

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Justin Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Clinton Suggs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Calvin Brogan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kelly Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Nathanael Aylestock

    ADMINISTRATIVE MANAGER

    Total calculated
    $121,731
    From this org
    $121,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202540449349302124

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