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Nonprofiteer
← IBEW LOCAL 90 BENEFIT FUND

Form 990 for tax year 2024

Filed by IBEW LOCAL 90 BENEFIT FUND.

Totals

Total revenue
$9,832,114
Total expenses
$11,715,994
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,740,611
Investment income
$91,503
Other revenue
$0
Total assets, end of year
$3,937,369
Total liabilities, end of year
$770,340
Net assets or fund balances, end of year
$3,167,029
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$10,707,009

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: MEMBERSHIP CONTRIBUTIONS

    total $9,740,611 · related or exempt $9,740,611

  • 3 · Investment income

    total $65,423 · excluded $65,423

  • 7a · Gross sales of assets other than inventory

    securities $1,667,437

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

    securities $1,641,357

  • 7c · Gain or loss

    securities $26,080

  • 7d · Net gain or loss

    total $26,080 · related or exempt $26,080

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,872,755

  • 11b · Fees: legal

    total $40,000

  • 11c · Fees: accounting

    total $25,641

  • 24a · Other expenses: STOP LOSS, LIFE, AND HM

    total $680,307

  • 24b · Other expenses: CLAIMS CONSULTING & ARB

    total $603,213

  • 24c · Other expenses: CLAIMS PROCESSING

    total $239,613

  • 24d · Other expenses: ADMINISTRATION FEE

    total $115,903

  • 24e · All other expenses

    total $138,562

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,329,954 · end of year $919,995

  • 4 · Accounts receivable

    beginning of year $776,270 · end of year $1,195,493

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,643 · end of year $7,911

  • 11 · Investments: publicly traded securities

    beginning of year $3,540,033 · end of year $1,813,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,691 · end of year $174,340

  • 25 · Other liabilities

    beginning of year $956,900 · end of year $596,000

  • 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 $4,609,309 · end of year $3,167,029

Mission and programs · 2024

Mission

EMPLOYERS CONTRIBUTE TO THE IBEW LOCAL UNION 90 BENEFIT FUND SO THAT THE FUND CAN PROVIDE FOR HOSPITALIZATION, LIFE INSURANCE, DISABILITY INSURANCE, SURGERY, DENTAL AND OTHER MEDICAL EXPENSES FOR THE EMPLOYEES OF THE CONTRIBUTING EMPLOYERS.

Activities or mission (Part I)

PROVIDES MEDICAL, DENTAL, DRUG, AND DISABILITY BENEFITS FOR MEMBERS.

  • MEDICAL, DENTAL AND DISABILITY MEDICAL CLAIMS

    Expenses $8,844,375

  • MEDICAL PRESCRIPTIONS

    Expenses $1,782,629

  • DISABILITY BENEFITS

    Expenses $80,005

  • OTHER MEDICAL RELATED EXPENSES AND ADMINISTRATION EXPENSES

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Moconyi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • William Mackey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Thomas Grennan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sean Daly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John Bellemare

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • William Brooks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349302809

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