Form 990 for tax year 2023
Filed by PLUMBERS & STEAMFITTERS LOCAL NO 521 HEALTH & WELFARE FUND.
Totals
- Total revenue
- $3,287,226
- Total expenses
- $2,477,596
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,189,687
- Investment income
- $92,266
- Other revenue
- $5,273
- Total assets, end of year
- $4,221,329
- Total liabilities, end of year
- $68,010
- Net assets or fund balances, end of year
- $4,153,319
- Program services expenses (Part IX)
- $2,401,212
- Management and general expenses
- $76,384
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,401,212
Program services were 96.9% 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 $2,879,531 · related or exempt $2,879,531
-
2b · Program service revenue: Member Self-Payments
total $310,156 · related or exempt $310,156
-
3 · Investment income
total $92,216 · related or exempt $92,216
-
7a · Gross sales of assets other than inventory
securities $250,000
-
7b · Less cost or other basis and sales expenses
securities $249,950
-
7c · Gain or loss
securities $50
-
7d · Net gain or loss
total $50 · related or exempt $50
-
11a · Other revenue: Refunds and Credits
total $5,273 · related or exempt $5,273
-
11e · Other revenue, total
$5,273
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $2,164,157 · program services $2,164,157
-
11a · Fees: management
total $122,084 · program services $97,677 · management and general $24,407
-
11b · Fees: legal
total $4,426 · management and general $4,426
-
11c · Fees: accounting
total $15,832 · management and general $15,832
-
11f · Fees: investment management
total $9,525 · management and general $9,525
-
11g · Fees: other
total $150,554 · program services $138,354 · management and general $12,200
-
13 · Office expenses
total $2,048 · program services $1,024 · management and general $1,024
-
19 · Conferences, conventions and meetings
total $1,996 · management and general $1,996
-
23 · Insurance
total $5,416 · management and general $5,416
-
24a · Other expenses: PCORI Fee
total $1,558 · management and general $1,558
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$46,673
-
2 · Savings and temporary cash investments
beginning of year $345,030 · end of year $1,516,322
-
4 · Accounts receivable
beginning of year $441,777 · end of year $416,466
-
9 · Prepaid expenses and deferred charges
beginning of year $2,611 · end of year $2,237
-
11 · Investments: publicly traded securities
beginning of year $2,353,509 · end of year $2,286,304
-
17 · Accounts payable and accrued expenses
beginning of year $14,253 · end of year $68,010
-
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 $3,082,001 · end of year $4,153,319
Mission and programs · 2023
Mission
The purpose of the Trust Fund is to receive, preserve and invest contributions made by the employers as required by collective bargaining agreements, as well as direct employee payments, and to provide health and welfare beneftis for eligible participants.
Activities or mission (Part I)
Provide health and welfare benefits to eligible participants.
-
Area-wide, union-negotiated, union/managment trusteed health & welfare fund.
Expenses $2,401,212
As filed on the 2023 return.
Listed in Part VII
-
George A Kisor
Trustee
- Total calculated
- $174,311
- From this org
- $0
- From related orgs
- $92,706
- Other
- $81,605
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $92,706 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $81,605 related
- Filer's total
- $0 + $174,311 related
-
Scott Knipp
Trustee
- Total calculated
- $5,091
- From this org
- $0
- From related orgs
- $3,526
- Other
- $1,565
- Hours/week
- 1
-
Frank R Ferguson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James L Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jackie Wilson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Phillip S Johnson
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. 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532269349303163
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