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← TANG INDUSTRIES INC EMPLOYEES WELFARE PLAN AND TRUST

Form 990 for tax year 2023

Filed by TANG INDUSTRIES INC EMPLOYEES WELFARE PLAN AND TRUST.

Totals

Total revenue
$15,539,127
Total expenses
$15,712,849
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,539,127
Investment income
$0
Other revenue
$0
Total assets, end of year
$53,674
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$53,674
Program services expenses (Part IX)
$15,712,849
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$15,712,849

Program services were 100.0% 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: Funding by Sponsor

    total $14,466,546 · related or exempt $14,466,546

  • 2b · Program service revenue: Funding by Participant

    total $1,072,581 · related or exempt $1,072,581

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,999,389 · program services $12,999,389

  • 24a · Other expenses: Insurance Premiums

    total $2,089,364 · program services $2,089,364

  • 24b · Other expenses: Administration Fees

    total $624,096 · program services $624,096

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $90,396 · end of year $53,674

  • 4 · Accounts receivable

    beginning of year $137,000 · end of year $0

  • 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 $227,396 · end of year $53,674

Mission and programs · 2023

Mission

To provide medical benefits to employees

  • Health Benefits Program

    Expenses $12,999,389

  • Health Insurance Premiums

    Expenses $2,089,364

  • Administration Fees

    Expenses $624,096

As filed on the 2023 return.

Listed in Part VII

  • Michael Tang

    Officer

    Total calculated
    $0
    Hours/week
    0.5

  • Vytas Ambutas

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

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
17 July 2025
IRS schema version
2023v6.0
Source object
202521989349301557

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