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← INTERNATIONAL ASSN OF HEAT & FROST INSULATORS LOCAL 17 WELFARE FUND

Form 990 for tax year 2023

Filed by INTERNATIONAL ASSN OF HEAT & FROST INSULATORS LOCAL 17 WELFARE FUND.

Totals

Total revenue
$25,931,016
Total expenses
$28,032,801
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$23,409,509
Investment income
$1,919,421
Other revenue
$602,086
Total assets, end of year
$56,956,885
Total liabilities, end of year
$136,867
Net assets or fund balances, end of year
$56,820,018
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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $21,315,574 · related or exempt $21,315,574

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $2,023,311 · related or exempt $2,023,311

  • 2c · Program service revenue: SELF FUNDED MEDICAL REFUNDS

    total $70,624 · related or exempt $70,624

  • 3 · Investment income

    total $1,588,885 · excluded $1,588,885

  • 7a · Gross sales of assets other than inventory

    securities $54,020,428

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

    securities $53,689,892

  • 7c · Gain or loss

    securities $330,536

  • 7d · Net gain or loss

    total $330,536 · excluded $330,536

  • 11a · Other revenue: REIMBURSEMENTS FROM RELATED ORGAN

    total $595,069 · excluded $595,069

  • 11b · Other revenue: MISCELLANEOUS

    total $7,017 · excluded $7,017

  • 11e · Other revenue, total

    $602,086

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $25,569,735

  • 5 · Compensation of officers, directors and key employees

    total $274,646

  • 7 · Other salaries and wages

    total $556,787

  • 8 · Pension plan contributions

    total $204,570

  • 9 · Other employee benefits

    total $219,372

  • 10 · Payroll taxes

    total $86,691

  • 11b · Fees: legal

    total $44,961

  • 11c · Fees: accounting

    total $132,015

  • 11f · Fees: investment management

    total $150,565

  • 11g · Fees: other

    total $294,851

  • 13 · Office expenses

    total $116,603

  • 14 · Information technology

    total $168,361

  • 16 · Occupancy

    total $95,043

  • 19 · Conferences, conventions and meetings

    total $11,623

  • 22 · Depreciation, depletion and amortization

    total $24,956

  • 23 · Insurance

    total $35,040

  • 24a · Other expenses: SUBSCRIPTIONS

    total $31,668

  • 24b · Other expenses: PCORI FEE

    total $10,539

  • 24c · Other expenses: MEMBERSHIP FEES

    total $3,694

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $728,568 · end of year $488,366

  • 2 · Savings and temporary cash investments

    beginning of year $1,147,425 · end of year $983,874

  • 4 · Accounts receivable

    beginning of year $3,012,848 · end of year $2,811,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $937,112 · end of year $237,549

  • 10a · Land, buildings and equipment: cost or other basis

    $875,673

  • 10b · Land, buildings and equipment: accumulated depreciation

    $711,487

  • 10c · Land, buildings and equipment, net

    beginning of year $7,394 · end of year $164,186

  • 11 · Investments: publicly traded securities

    beginning of year $49,678,890 · end of year $52,271,210

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,308 · end of year $136,867

  • 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 $55,405,929 · end of year $56,820,018

Mission and programs · 2023

Mission

PROVIDE HEALTH BENEFITS

  • TO PROVIDE HEALTH CARE, DEATH AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS, RETIREES AND THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Thomas McGrath

    TRUSTEE

    Total calculated
    $299,202
    From this org
    $0
    From related orgs
    $175,143
    Other
    $124,059
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,143 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $85,072 related
    Nontaxable benefits
    $0 + $38,987 related
    Filer's total
    $0 + $299,202 related

  • Robert Flynn

    TRUSTEE

    Total calculated
    $286,252
    From this org
    $0
    From related orgs
    $164,527
    Other
    $121,725
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,527 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $82,738 related
    Nontaxable benefits
    $0 + $38,987 related
    Filer's total
    $0 + $286,252 related

  • Peter Castellarin

    TRUSTEE (PAST)

    Total calculated
    $0
    Hours/week
    1

  • Ashley Luse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Castellarin

    TRUSTEE (NEW)

    Total calculated
    $0
    Hours/week
    1

  • Mary McMullin

    FUND ADMINISTRATOR

    Total calculated
    $274,646
    From this org
    $0
    From related orgs
    $162,461
    Other
    $112,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $73,198 related
    Nontaxable benefits
    $0 + $38,987 related
    Filer's total
    $0 + $274,646 related

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

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.

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.

  • API INC COUNT

    CONTRIBUTING EMPLOYER

  • ABC INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • ABSOLUTE INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • ALL SEASONS INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • ALLIED POWER LLC COUNT

    CONTRIBUTING EMPLOYER

  • AMERICAN INSULATION INC COUNT

    CONTRIBUTING EMPLOYER

  • AMEX NOOTER LLC COUNT

    CONTRIBUTING EMPLOYER

  • B THERMAL CORPORATION COUNT

    CONTRIBUTING EMPLOYER

  • BRANDSAFWAY INDUSTRIES LL COUNT

    CONTRIBUTING EMPLOYER

  • BROCK INDUSTRIAL SERVICES COUNT

    CONTRIBUTING EMPLOYER

  • CEC ENVIRONMENTAL COUNT

    CONTRIBUTING EMPLOYER

  • CHAMPAIGN A & K INSULATIO COUNT

    CONTRIBUTING EMPLOYER

  • CHER-MAR COUNT

    CONTRIBUTING EMPLOYER

  • CHICAGO PIPE & BOILER CO COUNT

    CONTRIBUTING EMPLOYER

  • COLEMAN INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • COMMAND INSULATION LLC COUNT

    CONTRIBUTING EMPLOYER

  • COMPLETE INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • DAM PLUMBING INC COUNT

    CONTRIBUTING EMPLOYER

  • DETTMANN INDUSTRIES INC COUNT

    CONTRIBUTING EMPLOYER

  • EARLEY INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • EJ STEVENS COUNT

    CONTRIBUTING EMPLOYER

  • FALLS MECHANICAL INSULAT COUNT

    CONTRIBUTING EMPLOYER

  • FIRECO INC COUNT

    CONTRIBUTING EMPLOYER

  • FIVE STAR INSULATION CORP COUNT

    CONTRIBUTING EMPLOYER

  • GAGNON INC COUNT

    CONTRIBUTING EMPLOYER

  • HAMILTON INSULATION INC COUNT

    CONTRIBUTING EMPLOYER

  • HAYES INDUSTRIES INC COUNT

    CONTRIBUTING EMPLOYER

  • HOLIAN INSULATION CO INC COUNT

    CONTRIBUTING EMPLOYER

  • INSULATION PARTNERS INC COUNT

    CONTRIBUTING EMPLOYER

  • INSULATION TECHNOLOGY COUNT

    CONTRIBUTING EMPLOYER

  • IZALCO INSULATION LLC COUNT

    CONTRIBUTING EMPLOYER

  • JC INSULATION INC COUNT

    CONTRIBUTING EMPLOYER

  • LUSE ENVIRONMENTAL COUNT

    CONTRIBUTING EMPLOYER

  • LUSE THERMAL TECH COUNT

    CONTRIBUTING EMPLOYER

  • M&O INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • MATRIX HOLDINGS COUNT

    CONTRIBUTING EMPLOYER

  • MIDWEST MECHANICAL INSULA COUNT

    CONTRIBUTING EMPLOYER

  • NA LOGAN INC COUNT

    CONTRIBUTING EMPLOYER

  • NATIONAL INSULATION INC COUNT

    CONTRIBUTING EMPLOYER

  • NELSON FIRESTOP & LIFE COUNT

    CONTRIBUTING EMPLOYER

  • NELSON INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • NOONAN INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • OMALLEY BROTHERS INC COUNT

    CONTRIBUTING EMPLOYER

  • PARKSIDE INSULATION INC COUNT

    CONTRIBUTING EMPLOYER

  • PERFORMANCE CONTRACTING I COUNT

    CONTRIBUTING EMPLOYER

  • PREMIER INSULATION LLC COUNT

    CONTRIBUTING EMPLOYER

  • PREMIER INSULATION OF IL COUNT

    CONTRIBUTING EMPLOYER

  • PRIME INSULATION LLC COUNT

    CONTRIBUTING EMPLOYER

  • RHL INSULATION & FIRE COUNT

    CONTRIBUTING EMPLOYER

  • SHIELD INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • SPRINKMANN INSULATION INC COUNT

    CONTRIBUTING EMPLOYER

  • ST JOHN PLUMBING COUNT

    CONTRIBUTING EMPLOYER

  • THORNBURGH INSULATION COUNT

    CONTRIBUTING EMPLOYER

  • TIME INSULATION CO COUNT

    CONTRIBUTING EMPLOYER

  • UNION TANK ERECTION COUNT

    CONTRIBUTING EMPLOYER

  • UNIV LLC COUNT

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202402089349300910

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