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← SHEET METAL WORKER LOCAL 98 WELFARE FUND

Form 990 for tax year 2023

Filed by SHEET METAL WORKER LOCAL 98 WELFARE FUND.

Totals

Total revenue
$10,782,479
Total expenses
$8,514,943
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,448,283
Investment income
$334,196
Other revenue
$0
Total assets, end of year
$13,120,627
Total liabilities, end of year
$145,180
Net assets or fund balances, end of year
$12,975,447
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$7,578,954

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 CONTRIBUTION

    total $9,970,303 · related or exempt $9,970,303

  • 2b · Program service revenue: MEMBER CONTRIBUTION

    total $477,980 · related or exempt $477,980

  • 3 · Investment income

    total $257,401 · excluded $257,401

  • 7a · Gross sales of assets other than inventory

    securities $5,295,910

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

    securities $5,219,115

  • 7c · Gain or loss

    securities $76,795

  • 7d · Net gain or loss

    total $76,795 · related or exempt $76,795

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,578,954

  • 11b · Fees: legal

    total $34,800

  • 11c · Fees: accounting

    total $21,275

  • 11f · Fees: investment management

    total $11,359

  • 11g · Fees: other

    total $5,273

  • 13 · Office expenses

    total $16,589

  • 17 · Travel

    total $1,210

  • 23 · Insurance

    total $7,888

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $746,766

  • 24b · Other expenses: CONSULTING

    total $75,000

  • 24c · Other expenses: MEETING EXPENSE

    total $15,829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,125,869 · end of year $900,283

  • 2 · Savings and temporary cash investments

    end of year $1,637,019

  • 4 · Accounts receivable

    beginning of year $1,163,416 · end of year $1,155,267

  • 11 · Investments: publicly traded securities

    beginning of year $4,434,095 · end of year $5,914,347

  • 12 · Investments: other securities

    beginning of year $4,123,811 · end of year $3,513,711

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,446,688 · end of year $145,180

  • 27 · Net assets without donor restrictions

    beginning of year $10,400,503 · end of year $12,975,447

Mission and programs · 2023

Mission

PROVIDE MEDICAL, DENTAL, VISION, MEDICATIONS, LIFE INSURANCE, & DISABILITY BENEFITS TO UNION MEMBERS.

  • PROVIDE MEDICAL, DENTAL, VISION, MEDICATIONS, LIFE INSURANCE, & DISABILITY BENEFITS TO UNION MEMBERS.

    Expenses $7,578,954 · Revenue $10,525,078

As filed on the 2023 return.

Listed in Part VII

  • Clinton Uhrig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeff Rowe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cw Park

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Bob Billings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rodney French

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ronald Wilburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kevin Mirlisena

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeff Hunley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

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
11 October 2024
IRS schema version
2023v5.1
Source object
202433099349303223

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