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← INDUSTRIAL MANUFACTURING PROFESSIONAL AND COMMERCIAL TRUST

Form 990 for tax year 2024

Filed by INDUSTRIAL MANUFACTURING PROFESSIONAL AND COMMERCIAL TRUST.

Totals

Total revenue
$52,225,873
Total expenses
$50,852,077
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$51,916,372
Investment income
$309,501
Other revenue
$0
Total assets, end of year
$9,254,848
Total liabilities, end of year
$3,716,393
Net assets or fund balances, end of year
$5,538,455
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 $51,916,372 · related or exempt $51,916,372

  • 3 · Investment income

    total $251,415 · unrelated business $251,415

  • 7a · Gross sales of assets other than inventory

    securities $2,098,819

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

    securities $2,040,733

  • 7c · Gain or loss

    securities $58,086

  • 7d · Net gain or loss

    total $58,086 · unrelated business $58,086

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $49,789,137

  • 11c · Fees: accounting

    total $18,000

  • 11f · Fees: investment management

    total $43,477

  • 23 · Insurance

    total $18,425

  • 24a · Other expenses: CONTRACT ADMINISTRATION

    total $681,452

  • 24b · Other expenses: CLAIMS ADMINISTRATION

    total $249,420

  • 24c · Other expenses: ACTUARIAL FEES

    total $52,166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,126,460 · end of year $2,139,804

  • 2 · Savings and temporary cash investments

    beginning of year $1,796,060 · end of year $1,524,828

  • 4 · Accounts receivable

    beginning of year $210,703 · end of year $608,784

  • 9 · Prepaid expenses and deferred charges

    beginning of year $508,975 · end of year $763,913

  • 11 · Investments: publicly traded securities

    beginning of year $3,690,440 · end of year $4,217,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $307,850 · end of year $336,736

  • 19 · Deferred revenue

    beginning of year $1,362,464 · end of year $1,701,489

  • 25 · Other liabilities

    beginning of year $1,566,844 · end of year $1,678,168

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,095,480 · end of year $5,538,455

Mission and programs · 2024

Mission

PROVISION OF HEALTH AND WELFARE BENEFITS

  • PROVISION OF MEDICAL, DENTAL, ACCIDENTAL DEATH AND DISMEMBERMENT, AND GROUP LIFE FOR APPROXIMATELY 5,000 PARTICIPANTS.

As filed on the 2024 return.

Listed in Part VII

  • Central Bank Trust

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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.

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.

  • SEE ATTACHED

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202533099349303043

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