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Nonprofiteer
← I B E W LOCAL 98 HEALTH & WELFARE FUND

Form 990 for tax year 2023

Filed by I B E W LOCAL 98 HEALTH & WELFARE FUND.

Totals

Total revenue
$97,361,315
Total expenses
$77,862,859
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$88,894,154
Investment income
$8,467,161
Other revenue
$0
Total assets, end of year
$197,949,555
Total liabilities, end of year
$1,518,558
Net assets or fund balances, end of year
$196,430,997
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 $84,376,013 · related or exempt $84,376,013

  • 2b · Program service revenue: RETIREE AND COBRA CONTRIBUTIONS

    total $4,518,141 · related or exempt $4,518,141

  • 3 · Investment income

    total $5,546,137 · excluded $5,546,137

  • 7a · Gross sales of assets other than inventory

    securities $50,589,395

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

    securities $47,668,371

  • 7c · Gain or loss

    securities $2,921,024

  • 7d · Net gain or loss

    total $2,921,024 · excluded $2,921,024

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $76,171,252

  • 11b · Fees: legal

    total $59,234

  • 11c · Fees: accounting

    total $70,894

  • 11f · Fees: investment management

    total $404,476

  • 11g · Fees: other

    total $864,048

  • 13 · Office expenses

    total $36,161

  • 23 · Insurance

    total $58,878

  • 24a · Other expenses: OFFICE STAFF REIMIBURSE

    total $136,818

  • 24b · Other expenses: HEALTH FAIR EXPENSES

    total $36,613

  • 24c · Other expenses: PCORI FEES

    total $22,875

  • 24d · Other expenses: TRUSTEE EDUCATIONAL EXP

    total $1,610

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,972 · end of year $60,342

  • 2 · Savings and temporary cash investments

    beginning of year $43,626,815 · end of year $55,479,816

  • 4 · Accounts receivable

    beginning of year $7,326,607 · end of year $7,549,260

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,570 · end of year $19,747

  • 11 · Investments: publicly traded securities

    beginning of year $68,758,647 · end of year $96,381,857

  • 12 · Investments: other securities

    beginning of year $50,766,188 · end of year $32,425,584

  • 15 · Other assets

    beginning of year $5,025,975 · end of year $6,032,949

  • 17 · Accounts payable and accrued expenses

    beginning of year $640,483 · end of year $591,805

  • 25 · Other liabilities

    beginning of year $985,028 · end of year $926,753

  • 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 $173,924,263 · end of year $196,430,997

Mission and programs · 2023

Mission

TO PROVIDES HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 98.

  • THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Brian Burrows

    UNION TRUSTEE (P)

    Total calculated
    $114,553
    From this org
    $0
    From related orgs
    $71,387
    Other
    $43,166
    Hours/week
    1 + 48 related

  • Jeff Scarpello

    EMPLOYER TRUSTEE

    Total calculated
    $608,769
    From this org
    $0
    From related orgs
    $534,310
    Other
    $74,459
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $534,310 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,709 related
    Nontaxable benefits
    $0 + $70,750 related
    Filer's total
    $0 + $608,769 related

  • Michael Kane

    UNION TRUSTEE

    Total calculated
    $2,143
    From this org
    $0
    From related orgs
    $2,143
    Other
    $0
    Hours/week
    1 + 1 related

  • Doug Smith

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken Meyers

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Lynch

    UNION TRUSTEE

    Total calculated
    $463,332
    From this org
    $0
    From related orgs
    $287,919
    Other
    $175,413
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,919 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $105,498 related
    Nontaxable benefits
    $0 + $69,915 related
    Filer's total
    $0 + $463,332 related

  • James Foy

    UNION TRUSTEE

    Total calculated
    $359,546
    From this org
    $0
    From related orgs
    $222,985
    Other
    $136,561
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,985 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $82,110 related
    Nontaxable benefits
    $0 + $54,451 related
    Filer's total
    $0 + $359,546 related

  • Jeff Nagle

    UNION TRUSTEE

    Total calculated
    $1,072
    From this org
    $0
    From related orgs
    $1,072
    Other
    $0
    Hours/week
    1 + 2 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

None.

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.

  • A & B ELECTRICAL

  • A & S ELECTRIC INC

  • A&S ELECTRIC INC

  • AARK ELECTRIC INC

  • AARON ELECTRIC INC

  • ACE ELECTRIC

  • ADAMS ELECTRICAL CONSTR

  • ADVANCED BUILDING CONTR

  • ADVANCED FIBER TECHNOLO

  • AI SOLUTIONS INC

  • AJM ELECTRIC INC

  • ALBARELL ELECTRIC

  • ALL SYSTEMS ELECTRIC

  • ALLIED POWER LLC

  • ALOHA COMMUNICATIONS CO

  • ANMAR ELECTRICAL CONTRA

  • APPELLATION CONSTRUCTIO

  • APPR TRNG FOR ELEC IND

  • APPRENTICE TRAINING FUN

  • ARMOUR & SONS ELECTRIC

  • ARMOUR & SONS ELECTRICI

  • ATLANTIC PLANT MAINTENA

  • ATLAS SECURITY LLC

  • BAM ELECTRICAL CONTR

  • BARTLESON ELECTRIC INC

  • BATTAGLIA ELECTRIC INC

  • BELLA ELECTRICAL LLC

  • BELLES ELECTRICAL CONTR

  • BELLES NETWORK SERVICES

  • BENSALEM PARK MAINTENAN

  • BILLITIER ELECTRIC INC

  • BILLITIER ELECTRIC INC

  • BLACK BOX NETWORK SERVI

  • BLUESTONE COMMUNICATION

  • BORNE SOLUTIONS INC

  • BOWE AND GANT ELECTRICA

  • BRADLEY-SCIOCCHETTI IN

  • BRIGHT LIGHTS ELECTRICA

  • BRYAN ELECTRIC

  • BURLINGTON ELECTRICAL T

  • CAD ELECTRIC INC

  • CAHILL CONTROLS INC

  • CARR & DUFF INC

  • CARR AND DUFF INC

  • CASCIO ELECTRIC INC

  • CHAMMINGS ELECTRIC

  • CHARLES H MACDONALD ELE

  • CHARLES H MACDONALD EL

  • CITY SIGN SERVICE INC

  • CLEAR CHANNEL OUTDOOR I

  • CLIMATE PROS LLC

  • CMSE INC ELECTRICAL CON

  • COBRA ELECTRIC

  • COMPASS SIGN CO LLC

  • CONLEY ELECTRICAL LLC

  • CURRENT ELECTRICAL SOLU

  • CURRENTMASTER ELECTRIC

  • DC ELECTRIC INC

  • DELTA LINE CONSTRUCTION

  • DONALD A PUSEY INC

  • DOUGHERTY ELECTRIC INC

  • DURIAN ELECTRIC LLC

  • EJ ELECTRIC INC

  • EAGLE ELECTRICAL GROUP

  • EAGLE I ELECTRIC INC

  • EASTERN SIGN TECH

  • EDWIN L HEIM COMPANY

  • ELECTRACOM INC

  • ELEY ELECTRICAL CONTRAC

  • ELLIOTT LEWIS CONVENTIO

  • ELLIOTT-LEWIS CORP(MAIN

  • ELLIOTT-LEWIS CORPORATI

  • EMMS ELECTRIC

  • ENGINE 46 STEAK HOUSE I

  • ENTERPRISE CABLE GROUP

  • FISHER ELECTRIC

  • FJM ELECTRICAL CONSTRUC

  • FLEMINGTON INSTRUMENT C

  • FOX CHASE ELECTRICAL IN

  • GENERAL CONTROLS INC

  • GLOBAL SPECTRUM-CITIZEN

  • GOLDHORN ELECTRICAL CO

  • GOLDSMITH ASSOCIATES

  • GOLDSMITH ASSOCIATES IN

  • GORDON GROUP-CONSTRUCTI

  • GRABOYES LLC

  • GREEN TECH ENERGY SERVI

  • GREENTECH ENERGY SERVIC

  • GT SECURITY SYSTEMS

  • HB FRAZER CO

  • HB FRAZER COMPANY - P

  • HATZEL & BUEHLER INC

  • HATZEL AND BUEHLER INC

  • HENKELS & MCCOY

  • HIGH ENERGY ELECTRIC TE

  • HIGH VOLTAGE MAINTENANC

  • HIRNEISEN ELECT INC

  • HOBBS AND CO INC

  • HOLLAND POWER AND LIGHT

  • HYDE ELECTRIC CORPORATI

  • I B ABEL INC

  • ICON IDENTITY SOLUTIONS

  • IJB ELECTRICAL CONTRACT

  • INDEPENDENCE ELECTRIC I

  • INTEGRITY ELECTRICAL SE

  • ION ELECTRICAL CONTRACT

  • J F HIERHOLZER MECHANIC

  • J J WHITE INC

  • JW CARRIGAN LLC

  • JEFFREY M LONG ELECTRIC

  • JET ELECTRICAL TESTING

  • JJD ELECTRIC LLC

  • JOULE ELECTRIC INC

  • JUDGE ELECTRICAL INC

  • KAHMAR ELECTRIC INC

  • KE ELECTRIC LLC

  • KWASIGROCH ELECTRIC IN

  • LANCONNECT INC

  • LARRY C MCCRAE INC - CN

  • LCN PARTNERS

  • LCN PARTNERS INC

  • LEE-WAY ELECTRIC LLC

  • LEX ELECTRIC COMPANY IN

  • LIBERTY INTEGRATED ELEC

  • LIBERTY INTEGRATED SOLU

  • LINCOLN WAY ELECTRIC IN

  • LINECOMINC

  • L-M SERVICE CO INC

  • LYNDEE CORP

  • M C CONTROLS INC

  • M GITLIN CO INC

  • M GITLIN CO INC

  • M J KELLY ELECTRIC IN

  • MADDEN ELECTRIC ASSOC I

  • MARANO ELECTRIC INC

  • MARIANO CONSTRUCTION IN

  • MATRIX INC

  • MATRIX NAC

  • MCCRAEGORDON GRP-A JOI

  • MCGOLDRICK ELECTRIC INC

  • METRO ELECTRIC

  • MILLER BROS A DIV OF WA

  • MILLER BROS

  • MILLIGAN GROUP

  • MJF ELECTRICAL CONTRACT

  • MONTEMURO ELEC CONSTR

  • MULHERN ELECTRIC

  • MULHERN ELECTRIC COMPAN

  • NW SIGN INDUSTRY

  • NEW LIGHT ELECT INC

  • NEW LINE COMMUNICATIONS

  • OFFSHORE ELECTRIC INC

  • OMNI INSTRUMENTATION &

  • ORLANDO DIEFENDERFER IN

  • PAGODA ELECTRICAL INC

  • PAGODA ELECTRICALINC

  • PALMAN ELECTRIC INC

  • PAR 4 ELECTRICAL SERVIC

  • PARAMOUNT ELECTRICAL SE

  • PENN-OHIO ELECTRICAL CO

  • PHILADELPHIA BUILDING T

  • PHILADELPHIA EAGLES LLC

  • PHILADELPHIA HOUSING AU

  • PHILADELPHIA SIGN CO

  • PHILLY ELECTRICAL SERVI

  • PINNACLE CONTROLS SYSTE

  • PINNACLE ELECTRICAL CON

  • POTOMAC ELECTRICAL SERV

  • PT MECHANICAL GROUP LLC

  • R & A ELECTRIC

  • RAFF ELECTRIC INC

  • RAW POWER ELECTRIC

  • RCR ELECTRICAL CONTRACT

  • RIGGS DISTLER CO INC

  • RIGGS-DISTLER & CO INC

  • RILEY ELECTRIC INC

  • RTM ELECTRICAL CONTRACT

  • RUE ELECTRIC INC

  • SJTHOMAS COMPANYINC

  • SAFE ROUTE ELECTRIC INC

  • SALP (SPECTRUM)

  • SCOTT TESTING INC

  • SHELLY ELECTRIC CO

  • SHORELINE ELECTRIC INC

  • SIGNORA ELEC CO

  • STRADDICK ELECTRIC SYST

  • SUMMIT SPECIALIZED INST

  • SUNLIGHT ELECTRICAL CON

  • TJ SIGN SERVICE & LIG

  • TAGGART & SONS ELECTRIC

  • TANGENT CABLE SYSINC

  • TEL-DAT COMMUNICATIONS

  • THE WILLIAMS GROUP ELEC

  • TNL ELECTRIC LLC

  • TOWNES MECHANICAL CONTR

  • TRAVISINC

  • TRI-CITY ELECTRICAL LLC

  • TRICOMM SERVICES CORPOR

  • TWO M ELECTRIC INC

  • TWO M ELECTRIC INC

  • ULTRA-LUM ENTERPRISES I

  • ULTRA-LUM ENTERPRISES

  • UNION ELECTRIC CONTRACT

  • UNITY ELECTRIC LLC

  • VALIANT ENERGY SERVICE

  • VALIANT POWER GRP INC D

  • VANALT ELEC CONSTRUCTI

  • VASOLI ELECTRIC CO

  • VASOLI ELECTRIC CO INC

  • VISION ELECTRICAL CONTR

  • WEST SIDE ELECTRIC HA

  • WILLIAM A J SHAEFFERS S

  • WILLIAMS GRP ELECTCONT

  • WIND GAP ELECTRIC INC

  • WM A J SHAEFFER'S SON

  • WM H CLINGER CORP

  • ZAGAROZA BUILDING & CON

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202402899349301820

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