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← LABORERS DISTRICT COUNCIL OF ALABAMA HEALTH & WELFARE FUND

Form 990 for tax year 2023

Filed by LABORERS DISTRICT COUNCIL OF ALABAMA HEALTH & WELFARE FUND.

Totals

Total revenue
$3,888,015
Total expenses
$2,499,235
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,021,456
Investment income
$538,756
Other revenue
$327,803
Total assets, end of year
$11,161,945
Total liabilities, end of year
$1,682,252
Net assets or fund balances, end of year
$9,479,693
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $3,004,379 · related or exempt $3,004,379

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $17,077 · related or exempt $17,077

  • 3 · Investment income

    total $598,947 · excluded $598,947

  • 7a · Gross sales of assets other than inventory

    securities $5,980,500

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

    securities $6,040,691

  • 7c · Gain or loss

    securities -$60,191

  • 7d · Net gain or loss

    total -$60,191 · excluded -$60,191

  • 11a · Other revenue: FORMULARY REBATES

    total $324,087 · related or exempt $324,087

  • 11b · Other revenue: STOP LOSS INSURANCE DIVIDENDS

    total $3,274 · related or exempt $3,274

  • 11c · Other revenue: SUBROGATION REFUNDS

    total $350 · related or exempt $350

  • 11d · All other revenue

    total $92 · related or exempt $92

  • 11e · Other revenue, total

    $327,803

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,032,546

  • 11a · Fees: management

    total $96,000

  • 11b · Fees: legal

    total $12,040

  • 11c · Fees: accounting

    total $13,700

  • 11f · Fees: investment management

    total $16,924

  • 11g · Fees: other

    total $185,722

  • 13 · Office expenses

    total $5,849

  • 19 · Conferences, conventions and meetings

    total $981

  • 23 · Insurance

    total $100,301

  • 24a · Other expenses: CONTRIBUTIONS TO LHSFNA

    total $11,473

  • 24b · Other expenses: CYBER LIABILITY INSURANCE

    total $6,112

  • 24c · Other expenses: FIDUCIARY LIABILITY INS.

    total $6,104

  • 24d · Other expenses: BANK CHARGES

    total $4,914

  • 24e · All other expenses

    total $6,569

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,394,261 · end of year $8,742,182

  • 4 · Accounts receivable

    beginning of year $390,698 · end of year $454,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,954 · end of year $6,147

  • 11 · Investments: publicly traded securities

    beginning of year $1,450,904 · end of year $1,959,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,504 · end of year $8,352

  • 25 · Other liabilities

    beginning of year $2,148,400 · end of year $1,673,900

  • 27 · Net assets without donor restrictions

    beginning of year $8,090,913 · end of year $9,479,693

Mission and programs · 2023

Mission

THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DIABILITY AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.

  • THE PROVSIION OF HEALTH, DENTAL, VISION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • Bill Caton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Glenn Farner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Joe Davis III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Hal McKewen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jerome Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Harris Wilson

    SECRETARY

    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.

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.

  • LABORERS LOCAL UNION NO 559

  • LABORERS SOUTHEAST TRAINING FUND

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ATLAS INDUSTRIAL CONTRACTORS LLC

  • DANIELI TARANIS LLC

  • ESW PLANT SERVICES LLC

  • IRON MOUNTAIN CONSTRUCTION LLC

  • NATIONAL STEEL CITY LLC

  • OMI REFRACTORIES LLC

  • PROGRESSIVE INSULATION LLC

  • SAABS ELECTRICAL CONTRACTORS LLC

  • SAK CONSTRUCTION LLC

  • STERLING INDUSTRIAL LLC

  • VULCAN INSULATION CO LLC

  • WILLIAMS PLANT SERVICES LLC

  • WILLIAMS SPECIALTY SERVICES LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARMORMAX CONSTRUCTION

  • ASHTON & COMPANY

  • ASSOCIATED PIPE LINE CONTRACTORS

  • ATLANTIC PLANT MAINTENANCE

  • BH CRAIG CONSTRUCTION

  • BLACK & VEATCH

  • BRANDSAFWAY

  • COLBURN CONSTRUCTION

  • CONTRACTORS RENTAL CORPORATION

  • CR MEYER

  • DAY & ZIMMERMANN NPS

  • FLUOR MAINTENANCE

  • GENESYS INDUSTRIAL GROUP

  • HENKELS & MCCOY

  • ICC COMMONWEALTH

  • INDEPENDENCE EXCAVATING

  • MCABEE CONSTRUCTION

  • MILLER PIPELINE CONSTRUCTION

  • PRECISION PIPELINE

  • PRICE GREGORY INTERNATIONAL

  • PULLMAN POWER

  • ROCKFORD CORPORATION

  • RUSSO CORPORATION

  • SCHAD BOILER SETTING COMPANY

  • SIEMENS GENERATION SERVICES

  • SNELSON COMPANIES

  • UNIVERSAL

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202413209349305536

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