Form 990 for tax year 2022
Filed by IRON WORKERS WELFARE PLAN OF WESTERN PENNSYLVANIA.
Totals
- Total revenue
- $26,325,281
- Total expenses
- $26,358,050
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $25,799,082
- Investment income
- $507,377
- Other revenue
- $18,822
- Total assets, end of year
- $54,446,450
- Total liabilities, end of year
- $68,026
- Net assets or fund balances, end of year
- $54,378,424
- 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 & Interest and L.D.
total $24,947,797 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Participant Contributions
total $851,285 · unrelated business $0 · excluded $0
-
3 · Investment income
total $507,268 · unrelated business $0 · excluded $507,268
-
7a · Gross sales of assets other than inventory
securities $43,961
-
7b · Less cost or other basis and sales expenses
securities $43,852
-
7c · Gain or loss
securities $109
-
7d · Net gain or loss
total $109 · related or exempt $0 · unrelated business $0 · excluded $109
-
11a · Other revenue: Subrogation & refunds of Benefits
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue: RETIREE DRUG SUBSIDY
total $13,985 · related or exempt $13,985 · unrelated business $0 · excluded $0
-
11c · Other revenue: IMPACT Fees
total $4,837 · related or exempt $4,837 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$18,822
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $25,521,753 · program services $0
-
11f · Fees: investment management
total $76,321 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: SEE ATTACHED
total $759,976 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100 · end of year $100
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $6,100,020 · end of year $4,135,388
-
9 · Prepaid expenses and deferred charges
beginning of year $49,160 · end of year $25,340
-
10a · Land, buildings and equipment: cost or other basis
$113,385
-
10b · Land, buildings and equipment: accumulated depreciation
$87,807
-
10c · Land, buildings and equipment, net
beginning of year $30,689 · end of year $25,578
-
11 · Investments: publicly traded securities
beginning of year $23,913,064 · end of year $21,777,554
-
12 · Investments: other securities
beginning of year $31,148,204 · end of year $28,435,712
-
15 · Other assets
end of year $46,778
-
17 · Accounts payable and accrued expenses
beginning of year $20,139 · end of year $21,248
-
25 · Other liabilities
beginning of year $0 · end of year $46,778
-
29 · Capital stock, trust principal or current funds
beginning of year $61,221,098 · end of year $54,378,424
Mission and programs · 2022
Mission
To pay welfare benefits.
-
To provide health, life, disability & prescription benefits.
As filed on the 2022 return.
Listed in Part VII
-
Gregory BernardingGREGORY BERNARDING
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Steven AtwoodSTEVEN ATWOOD
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
James BristowJAMES BRISTOW
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
James WrightJAMES WRIGHT
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Danielle HarshmanDANIELLE HARSHMAN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Robert HooverROBERT HOOVER
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Thomas ListonTHOMAS LISTON
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Jesse SudeticJESSE SUDETIC
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
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.
-
SEE ATTACHED SCHEDULE
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SEE ATTACHED SCHEDULE
0% owned
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SEE ATTACHED SCHEDULE
0% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322099349301117
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