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Nonprofiteer
← I B E W LOCAL 98 HEALTH & WELFARE FUND

Form 990 for tax year 2022

Filed by I B E W LOCAL 98 HEALTH & WELFARE FUND.

Totals

Total revenue
$89,861,638
Total expenses
$78,430,420
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$85,948,273
Investment income
$3,913,365
Other revenue
$0
Total assets, end of year
$175,549,774
Total liabilities, end of year
$1,625,511
Net assets or fund balances, end of year
$173,924,263
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 $81,406,048 · related or exempt $81,406,048

  • 2b · Program service revenue: RETIREE AND COBRA CONTRIBUTIONS

    total $4,542,225 · related or exempt $4,542,225

  • 3 · Investment income

    total $4,383,698 · excluded $4,383,698

  • 7a · Gross sales of assets other than inventory

    securities $14,644,941

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

    securities $15,115,274

  • 7c · Gain or loss

    securities -$470,333

  • 7d · Net gain or loss

    total -$470,333 · excluded -$470,333

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $76,837,520

  • 11b · Fees: legal

    total $76,548

  • 11c · Fees: accounting

    total $77,525

  • 11f · Fees: investment management

    total $441,033

  • 11g · Fees: other

    total $818,659

  • 13 · Office expenses

    total $29,109

  • 23 · Insurance

    total $56,843

  • 24a · Other expenses: OFFICE STAFF REIMIBURSE

    total $70,352

  • 24b · Other expenses: PCORI FEES

    total $21,271

  • 24c · Other expenses: TRUSTEE EDUCATIONAL EXP

    total $1,560

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $302,881 · end of year $8,972

  • 2 · Savings and temporary cash investments

    beginning of year $35,225,648 · end of year $43,626,815

  • 4 · Accounts receivable

    beginning of year $8,547,661 · end of year $7,326,607

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,130 · end of year $36,570

  • 11 · Investments: publicly traded securities

    beginning of year $77,921,494 · end of year $68,758,647

  • 12 · Investments: other securities

    beginning of year $56,427,151 · end of year $50,766,188

  • 15 · Other assets

    beginning of year $3,314,256 · end of year $5,025,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $806,269 · end of year $640,483

  • 25 · Other liabilities

    beginning of year $1,140,582 · end of year $985,028

  • 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 $179,834,370 · end of year $173,924,263

Mission and programs · 2022

Mission

TO PROVIDES HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 98.

  • THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.

As filed on the 2022 return.

Listed in Part VII

  • Shawn Duff

    EMPLOYER TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    1

  • Brian Burrows

    UNION TRUSTEE

    Total calculated
    $341,663
    From this org
    $0
    From related orgs
    $217,908
    Other
    $123,755
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,908 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $68,753 related
    Nontaxable benefits
    $0 + $55,002 related
    Filer's total
    $0 + $341,663 related

  • Jeff Scarpello

    EMPLOYER TRUSTEE

    Total calculated
    $635,910
    From this org
    $0
    From related orgs
    $517,344
    Other
    $118,566
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,760 related
    Bonus
    $0
    Other
    $0 + $3,584 related
    Deferred
    $0 + $68,500 related
    Nontaxable benefits
    $0 + $50,066 related
    Filer's total
    $0 + $635,910 related

  • Michael Kane

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Doug Smith

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Masculli

    UNION TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ken Meyers

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Lynch

    UNION TRUSTEE

    Total calculated
    $439,911
    From this org
    $0
    From related orgs
    $278,878
    Other
    $161,033
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,878 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $89,463 related
    Nontaxable benefits
    $0 + $71,570 related
    Filer's total
    $0 + $439,911 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.

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 & B ELECTRICAL

  • A & S ELECTRIC INC

  • AARK ELECTRIC INC

  • AARON ELECTRIC INC

  • ACE ELECTRIC

  • ADAMS ELECTRICAL CONSTR

  • ADELAIDE ELECTRICAL CON

  • ADVANCED BUILDING CONTR

  • ADVANCED FIBER TECHNOLO

  • AI SOLUTIONS INC

  • AJM ELECTRIC INC

  • ALBARELL ELECTRIC

  • ALL SYSTEMS ELECTRIC

  • ALLIED POWER LLC

  • ALOHA COMMUNICATIONS CO

  • ANMAR ELECTRICAL CONTRA

  • APOLLO GROUP INC

  • ARMOUR & SONS ELECTRIC

  • ATLANTIC COAST COMMINC

  • ATLANTIC PLANT MAINTENA

  • ATLAS SECURITY LLC

  • BARTLESON ELECTRIC INC

  • BATTAGLIA ELECTIRC INC

  • BELLES ELECTRICAL CONTR

  • BELLES NETWORK SERVICES

  • BENSALEM PARK MAINTENAN

  • BILLITIER ELECTRIC INC

  • BLACK BOX NETWORK SERVI

  • BLUESTONE COMMUNICATION

  • BOWE AND GANT ELECTRICA

  • BRADLEY-SCIOCCHETTI IN

  • BRIGHT LIGHTS ELECTRICA

  • BURLINGTON ELECTRICAL T

  • CAD ELECTRIC INC

  • CAHILL CONTROLS INC

  • CARR & DUFF INC

  • CARR AND DUFF INC

  • CASCIO ELECTRIC INC

  • CHARLES H MACDONALD ELE

  • CITY SIGN SERVICE INC

  • CLEAR CHANNEL OUTDOOR I

  • CLIMATE PROS LLC

  • COASTAL COMM (PW)

  • COBRA ELECTRIC

  • COMMERCIAL LINE AND ELE

  • COMPASS SIGN CO LLC

  • CONLEY ELECTRICAL LLC

  • CONSTANT CONTROLS AND E

  • CURRENT ELECTRICAL SOLU

  • CURRENTMASTER ELECTRIC

  • DC ELECTRIC INC

  • DELTA LINE CONSTRUCTION

  • DEVON ELECTRIC INC

  • DNARPO ELECTRIC

  • DONALD A PUSEY INC

  • DOUGHERTY ELECTRIC INC

  • DURIAN ELECTRIC LLC

  • EJ ELECTRIC INC

  • EAGLE ELECTRICAL GROUP

  • EAGLE I ELECTRIC INC

  • EAST GOSHEN ELECTRICAL

  • EASTERN SIGN TECH

  • EDWIN L HEIM COMPANY

  • EIGHT DISTRICT ELECTRIC

  • EIGHTH DISTRICT ELECTRI

  • ELECTRACOM INC

  • ELLIOTT LEWIS

  • EMMS ELECTRIC

  • ENTERPRISE CABLE GROUP

  • FIBER PRO DBA D&W TECHN

  • FISHER ELECTRIC

  • FJM ELECTRICAL CONSTRUC

  • FLEMINGTON INSTRUMENT C

  • FORD BROTHERS ELECTRICI

  • FOX CHASE ELECTRICAL IN

  • FREESTATE BALTIMORE LLC

  • GENERAL CONTROLS INC

  • GLOBAL ELECTRICAL SERVI

  • GLOBAL SPECTRUM-CITIZEN

  • GNG ELECTRICAL CONTRACT

  • GOLDHORN ELECTRICAL CO

  • GOLDSMITH ASSOCIATES

  • GONZALEZ DISANDRO INC

  • GORDON GROUP-CONSTRUCTI

  • GRABOYES LLC

  • GREENTECH ENERGY SERVIC

  • GT SECURITY SYSTEMS

  • H&S CONTROLS LLC

  • HB FRAZER CO

  • HATZEL & BUEHLER INC

  • HENKELS & MCCOY

  • HIRNEISEN ELECT INC

  • HOBBS AND CO INC

  • HYDE ELECTRIC CORPORATI

  • I B ABEL INC

  • ICON IDENTITY SOLUTIONS

  • IJB ELECTRICAL CONTRACT

  • INDEPENDENCE ELECTRIC I

  • INFRASOURCE CONSTRUCTIO

  • INTEGRITY ELECTRICAL SE

  • ION ELECTRICAL CONTRACT

  • J J WHITE INC

  • JW CARRIGAN LLC

  • JACK COHEN & CO INC

  • JCI SERVICES INC

  • JEFFREY M LONG ELECTRIC

  • JJD ELECTRIC LLC

  • JOULE ELECTRIC INC

  • JT ELECTRICAL LLC

  • JUDGE ELECTRICAL INC

  • KAHMAR ELECTRIC INC

  • KANE COMMUNICATIONS

  • KAPP ELECTRICAL

  • KE ELECTRIC LLC

  • KOLA ELECTRIC

  • KWASIGROCH ELECTRIC IN

  • LANCONNECT INC

  • LARRY C MCCRAE INC - CN

  • LCN PARTNERS

  • LEE-WAY ELECTRIC LLC

  • LEX ELECTRIC COMPANY IN

  • LIBERTY INTEGRATED ELEC

  • LIBERTY INTEGRATED SOLU

  • LINCOLN WAY ELECTRIC IN

  • LINECOMINC

  • L-M SERVICE CO INC

  • LYNDEE CORP

  • M GITLIN CO INC

  • M J KELLY ELECTRIC IN

  • MJ ELECTRIC LLC

  • MADDEN ELECTRIC ASSOC I

  • MARANO ELECTRIC INC

  • MATRIX INC

  • MATRIX NAC

  • MCCRAEGORDON GRP-A JOI

  • MCGOLDRICK ELECTRIC INC

  • METRO ELECTRIC

  • MILLER BROS

  • MILLIGAN GROUP

  • MJF ELECTRICAL CONTRACT

  • MONTEMURO ELEC CONSTR

  • MULHERN ELECTRIC COMPAN

  • NEW ENGLAND ELEC WORKER

  • NEW LIGHT ELECT INC

  • NEXTGEN ELECTRIC & COMM

  • NUCERO ELEC CONSTRUCTIO

  • OMNI ELECTRICAL SYSTEMS

  • OMNI INSTRUMENTATION &

  • ORLANDO DIEFENDERFER IN

  • PAGODA ELECTRICAL INC

  • PALMAN ELECTRIC INC

  • PAR 4 ELECTRICAL SERVIC

  • PARAMOUNT ELECTRICAL SE

  • PECA ELECTRIC CORPORATI

  • PETER D FURNESS ELECTR

  • PHILADELPHIA EAGLES LLC

  • PHILADELPHIA SIGN CO

  • PHILLY ELECTRICAL SERVI

  • PINNACLE CONTROLS SYSTE

  • PINNACLE ELECTRICAL CON

  • PRECISION ELECTRICAL CO

  • PRECISION MECHANICAL CO

  • PRINGLE ELECTRIC

  • PT MECHANICAL GROUP LLC

  • R & A ELECTRIC

  • R PALMIERI ELECTRICAL

  • RAFF ELECTRIC INC

  • RCR ELECTRICAL CONTRACT

  • RIGGS DISTLER CO INC

  • RILEY ELECTRIC INC

  • RTM ELECTRICAL CONTRACT

  • RUE ELECTRIC INC

  • SJTHOMAS COMPANYINC

  • SAFE ROUTE ELECTRIC INC

  • SALP (SPECTRUM)

  • SCALFO ELECTRIC INC

  • SHELLY ELECTRIC CO

  • SHORELINE ELECTRIC INC

  • SIGNORA ELEC CO

  • SILAS BOLEF CO

  • STRADDICK ELECTRIC SYST

  • SUNLIGHT ELECTRICAL CON

  • TJ SIGN SERVICE & LIG

  • TAGGART & SONS ELECTRIC

  • TANGENT CABLE SYSINC

  • TEL-DAT COMMUNICATIONS

  • THE WILLIAMS GROUP ELEC

  • TNL ELECTRIC LLC

  • TOWNES MECHANICAL CONTR

  • TRAVIS INC

  • TRI-CITY ELECTRICAL LLC

  • TRICOMM SERVICES CORPOR

  • TWO M ELECTRIC INC

  • ULTRA-LUM ENTERPRISES I

  • UNION ELECTRIC CONTRACT

  • UNITY ELECTRIC LLC

  • VALIANT ENERGY SERVICE

  • VANALT ELEC CONSTRUCTI

  • VANALT ELECTRICAL CONST

  • VASOLI ELECTRIC CO INC

  • VISION ELECTRICAL CONTR

  • WEST SIDE ELECTRIC HA

  • WHITEMARSH ELECTRIC INC

  • WILLIAM A J SHAEFFERS S

  • WILLIAMS GRP ELECTCONT

  • WILLIAMS INDUSTRIAL SER

  • WIND GAP ELECTRIC INC

  • WM A J SHAEFFER'S SON

  • WM H CLINGER CORP

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313059349301916

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