Form 990 for tax year 2023
Filed by PLUMBERS LOCAL NO 98 INSURANCE FUND.
Totals
- Total revenue
- $17,059,470
- Total expenses
- $16,174,191
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $16,509,576
- Investment income
- $543,974
- Other revenue
- $5,920
- Total assets, end of year
- $25,974,468
- Total liabilities, end of year
- $92,892
- Net assets or fund balances, end of year
- $25,881,576
- Program services expenses (Part IX)
- $14,774,520
- Management and general expenses
- $1,399,671
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 91.3% 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 $14,596,320 · related or exempt $14,596,320
-
2b · Program service revenue: SELF PAYMENT CONTRIBUTIONS
total $1,913,256 · related or exempt $1,913,256
-
3 · Investment income
total $332,412 · excluded $332,412
-
7a · Gross sales of assets other than inventory
securities $575,017
-
7b · Less cost or other basis and sales expenses
securities $363,455
-
7c · Gain or loss
securities $211,562
-
7d · Net gain or loss
total $211,562 · related or exempt $211,562
-
11a · Other revenue: PAY PLUS RECOVERIES
total $3,348 · related or exempt $3,348
-
11b · Other revenue: CLASS ACTION LAWSUITS
total $2,572 · related or exempt $2,572
-
11e · Other revenue, total
$5,920
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $14,774,520 · program services $14,774,520
-
11a · Fees: management
total $355,952 · management and general $355,952
-
11b · Fees: legal
total $72,688 · management and general $72,688
-
11c · Fees: accounting
total $36,214 · management and general $36,214
-
11f · Fees: investment management
total $33,487 · management and general $33,487
-
11g · Fees: other
total $660,377 · management and general $660,377
-
13 · Office expenses
total $162,803 · management and general $162,803
-
14 · Information technology
total $4,187 · management and general $4,187
-
19 · Conferences, conventions and meetings
total $14,906 · management and general $14,906
-
23 · Insurance
total $12,981 · management and general $12,981
-
24a · Other expenses: CLAIMS TAXES AND FEES
total $23,660 · management and general $23,660
-
24b · Other expenses: FUNDING TO JAC
total $22,316 · management and general $22,316
-
24c · Other expenses: CLINIC INCENTIVES
total $100 · management and general $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,048,277 · end of year $3,372,152
-
2 · Savings and temporary cash investments
beginning of year $76,787 · end of year $80,701
-
4 · Accounts receivable
beginning of year $1,190,300 · end of year $1,195,081
-
9 · Prepaid expenses and deferred charges
beginning of year $11,605 · end of year $6,509
-
11 · Investments: publicly traded securities
beginning of year $17,636,641 · end of year $21,320,025
-
17 · Accounts payable and accrued expenses
beginning of year $110,851 · end of year $92,892
-
27 · Net assets without donor restrictions
beginning of year $21,852,759 · end of year $25,881,576
Mission and programs · 2023
Mission
THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLY ACT.
-
THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLY ACT.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carlo CastiglioneCARLO CASTIGLIONE
FORMER TRUST
- Total calculated
- $115,861
- From this org
- $0
- From related orgs
- $115,861
- Other
- $0
- Hours/week
- 1 + 40 related
-
Jon DerooJON DEROO
FORMER CHAIR
- Total calculated
- $114,925
- From this org
- $0
- From related orgs
- $114,925
- Other
- $0
- Hours/week
- 1 + 40 related
-
Wade KovachWADE KOVACH
FORMER TRUST
- Total calculated
- $0
- Hours/week
- 1
-
John R GreenJOHN R GREEN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Christopher FreemanCHRISTOPHER FREEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carl EvansCARL EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary GlaserGARY GLASER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dan NixonDAN NIXON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rufus HamiltonRUFUS HAMILTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 1 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501559349300420
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.