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← EBA-PGE-IBEW LOCAL UNION 125 HEALTH & WELFARE TRUST

Form 990 for tax year 2023

Filed by EBA-PGE-IBEW LOCAL UNION 125 HEALTH & WELFARE TRUST.

Totals

Total revenue
$17,885,483
Total expenses
$16,009,646
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,628,039
Investment income
$257,444
Other revenue
$0
Total assets, end of year
$15,427,963
Total liabilities, end of year
$2,186,343
Net assets or fund balances, end of year
$13,241,620
Program services expenses (Part IX)
$16,009,646
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$16,009,646

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: EMPLOYER CONTRIBUTIONS

    total $14,670,125 · related or exempt $14,670,125

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $2,428,454 · related or exempt $2,428,454

  • 2c · Program service revenue: REBATES

    total $529,460 · related or exempt $529,460

  • 3 · Investment income

    total $290,786 · related or exempt $290,786

  • 7a · Gross sales of assets other than inventory

    securities $2,167,370

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

    securities $2,200,712

  • 7c · Gain or loss

    securities -$33,342

  • 7d · Net gain or loss

    total -$33,342 · related or exempt -$33,342

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $15,029,560 · program services $15,029,560

  • 11b · Fees: legal

    total $51,660 · program services $51,660

  • 11c · Fees: accounting

    total $12,000 · program services $12,000

  • 11f · Fees: investment management

    total $35,417 · program services $35,417

  • 11g · Fees: other

    total $739,688 · program services $739,688

  • 13 · Office expenses

    total $97,354 · program services $97,354

  • 19 · Conferences, conventions and meetings

    total $16,953 · program services $16,953

  • 23 · Insurance

    total $27,014 · program services $27,014

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,135,036 · end of year $1,709,842

  • 2 · Savings and temporary cash investments

    beginning of year $170,256 · end of year $381,164

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,232 · end of year $10,785

  • 11 · Investments: publicly traded securities

    beginning of year $8,191,512 · end of year $12,885,401

  • 15 · Other assets

    beginning of year $358,412 · end of year $440,771

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,109 · end of year $119,060

  • 25 · Other liabilities

    beginning of year $1,961,956 · end of year $2,067,283

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,882,383 · end of year $13,241,620

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.

    Expenses $16,009,646

As filed on the 2023 return.

Listed in Part VII

  • Don Eri Chairman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Propp Co-Chair

    TRUSTEE, CO-

    Total calculated
    $0
    Hours/week
    1

  • Sarah Dammen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Travis Eri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leanne Sneath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hank Williams

    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.

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.

  • IBEW 125

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.

  • PORTLAND GENERAL ELECTRIC COMPANY

    C CORP · ELECTRICIT

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2024
IRS schema version
2023v5.0
Source object
202432899349302603

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