Form 990 for tax year 2025
Filed by LABORERS-EMPLOYERS BENEFIT PLAN COLLECTION TRUST.
Totals
- Total revenue
- $387,500,706
- Total expenses
- $384,448,809
- Contributions and grants received
- $250,000
- Grants paid
- $0
- Program service revenue
- $387,022,662
- Investment income
- $228,044
- Other revenue
- $0
- Total assets, end of year
- $5,120,654
- Total liabilities, end of year
- $3,542,601
- Net assets or fund balances, end of year
- $1,578,053
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$250,000
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $385,083,933 · related or exempt $385,083,933
-
2b · Program service revenue: PROCESSING FEES
total $1,938,729 · related or exempt $1,938,729
-
3 · Investment income
total $228,044 · excluded $228,044
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $635,082
-
8 · Pension plan contributions
total $200,623
-
9 · Other employee benefits
total $265,680
-
10 · Payroll taxes
total $54,457
-
11b · Fees: legal
total $21,401
-
11c · Fees: accounting
total $67,508
-
13 · Office expenses
total $24,837
-
14 · Information technology
total $148,139
-
16 · Occupancy
total $147,058
-
17 · Travel
total $10,578
-
22 · Depreciation, depletion and amortization
total $91,919
-
23 · Insurance
total $21,166
-
24a · Other expenses: TRANSFER TO VARIOUS EMP
total $382,721,146
-
24b · Other expenses: BANK SERVICE FEES
total $39,215
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $684,102 · end of year $3,841,404
-
4 · Accounts receivable
beginning of year $13,486 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,746,772
-
10b · Land, buildings and equipment: accumulated depreciation
$467,522
-
10c · Land, buildings and equipment, net
beginning of year $1,371,169 · end of year $1,279,250
-
25 · Other liabilities
beginning of year $1,179,814 · end of year $3,542,601
-
29 · Capital stock, trust principal or current funds
beginning of year $888,943 · end of year $1,578,053
-
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 $0 · end of year $0
Mission and programs · 2025
Mission
CENTRAL COLLECTION AND DISTRIBUTION OF FRINGE BENEFITS.
Activities or mission (Part I)
TO FACILITATE COLLECTION AND DISBURSEMENT OF CONTRIBUTIONS AND BENEFITS
-
LEBPCT PROCESS HOURS CONTINUE TO BE HIGH: APPROXIMATE TOTAL HOURS PROCESSED IN 2018 OVER 31.5 MILLION; 2019 OVER 25.6 MILLION; 2020 OVER 19.2 MILLION; 2021 OVER 19.6 MILLION; 2022 OVER 16.6 MILLION; 2023 OVER 19.3 MILLION, 2024 OVER 17.5 MILLION, 2025 OVER 18.7 MILLION
As filed on the 2025 return.
Listed in Part VII
-
David FryeDAVID FRYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve FarnerSTEVE FARNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dennis MartireDENNIS MARTIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Terrence M HealyTERRENCE M HEALY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dale AndersonDALE ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David NelsonDAVID NELSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert Riess SrROBERT RIESS SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Josh RamseyJOSH RAMSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael DibitettoMICHAEL DIBITETTO
FUND ADMINISTRATOR
- Total calculated
- $281,904
- From this org
- $176,415
- From related orgs
- $0
- Other
- $105,489
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,563
- Bonus
- $5,000
- Other
- $3,852
- Deferred
- $58,672
- Nontaxable benefits
- $46,817
- Filer's total
- $281,904
-
Christi WilsonCHRISTI WILSON
ACCOUNT MANAGER
- Total calculated
- $192,252
- From this org
- $110,009
- From related orgs
- $0
- Other
- $82,243
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,640
- Bonus
- $0
- Other
- $2,369
- Deferred
- $36,701
- Nontaxable benefits
- $45,542
- Filer's total
- $192,252
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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND APPROVES THE ORGANIZATION'S TOTAL ADMINISTRATIVE BUDGET, WHICH INCLUDES OVERALL STAFF COMPENSATION. SPECIFIC SALARY ADJUSTMENTS FOR EMPLOYEES, INCLUDING THE ADMINISTRATOR, ARE DETERMINED AND APPROVED BY THE CHAIRMAN AND CO-CHAIRMAN TO ENSURE STAFF RETENTION. THESE DELIBERATIONS AND BUDGETARY APPROVALS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MEETING MINUTES.
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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 30 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202642119349301504
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.