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← JOURNEYMEN OF PLUMB & PIPEFITTING INDUSTRY WELFARE FUND LOCAL 274

Form 990 for tax year 2022

Filed by JOURNEYMEN OF PLUMB & PIPEFITTING INDUSTRY WELFARE FUND LOCAL 274.

Totals

Total revenue
$8,378,031
Total expenses
$9,601,932
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,043,443
Investment income
-$666,073
Other revenue
$661
Total assets, end of year
$12,879,222
Total liabilities, end of year
$1,331,768
Net assets or fund balances, end of year
$11,547,454
Program services expenses (Part IX)
$9,511,142
Management and general expenses
$90,790
Fundraising expenses
$0
Program service expenses (Part III)
$9,076,137

Program services were 99.1% 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

    total $8,955,803 · related or exempt $8,955,803

  • 2b · Program service revenue: Participants

    total $87,640 · related or exempt $87,640

  • 3 · Investment income

    total -$666,073 · related or exempt -$666,073

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Additions

    total $661 · related or exempt $661

  • 11e · Other revenue, total

    $661

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $9,076,137 · program services $9,076,137

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $26,205 · management and general $26,205

  • 11c · Fees: accounting

    total $28,834 · management and general $28,834

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $5,830 · management and general $5,830

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $10,472 · management and general $10,472

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,650 · management and general $5,650

  • 24a · Other expenses: TPA fees, claims processing

    total $237,080 · program services $237,080

  • 24b · Other expenses: Claims processing

    total $197,925 · program services $197,925

  • 24c · Other expenses: Office, supplies, tel, other

    total $13,799 · management and general $13,799

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,819,177 · end of year $1,271,768

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $993,576 · end of year $859,953

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,424,362 · end of year $10,747,501

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $16,557 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $290,799 · end of year $166,126

  • 25 · Other liabilities

    beginning of year $1,191,518 · end of year $1,165,642

  • 29 · Capital stock, trust principal or current funds

    beginning of year $12,771,355 · end of year $11,547,454

Mission and programs · 2022

Mission

Provide group health benefits for eligible participants and their qualified dependents.

  • Provided group health benefits to eligible participants and their qualified dependents.

    Expenses $9,076,137 · Revenue $9,043,443

As filed on the 2022 return.

Listed in Part VII

  • Warren Stella

    Trustee

    Total calculated
    $284,825
    From this org
    $0
    From related orgs
    $164,091
    Other
    $120,734
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $163,194 related
    Bonus
    not reported
    Other
    not reported + $897 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $120,734 related
    Filer's total
    not reported + $284,825 related

  • Edward Discoll

    Trustee

    Total calculated
    $284,628
    From this org
    $0
    From related orgs
    $166,295
    Other
    $118,333
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $165,591 related
    Bonus
    not reported
    Other
    not reported + $704 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $118,333 related
    Filer's total
    not reported + $284,628 related

  • Michael Stiles

    Trustee

    Total calculated
    $229,149
    From this org
    $0
    From related orgs
    $137,085
    Other
    $92,064
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $130,099 related
    Bonus
    not reported
    Other
    not reported + $6,986 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $92,064 related
    Filer's total
    not reported + $229,149 related

  • Chester Rozmus

    Trustee

    Total calculated
    $77,182
    From this org
    $0
    From related orgs
    $44,391
    Other
    $32,791
    Hours/week
    1 + 40 related

  • Timothy Curran

    Trustee

    Total calculated
    $22,098
    From this org
    $0
    From related orgs
    $12,729
    Other
    $9,369
    Hours/week
    1 + 40 related

  • Kevin Armistead

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marty Drobny - MCA

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Durr-BinskySnyder

    Trustee

    Total calculated
    $0
    Hours/week
    1

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.

  • Local 274 Annuity Fund

    501(a) · Affilated Annuity Fund · NJ

  • Local 274 Education Fund

    501(c)3 · Affiliated Education Fund · NJ

  • Local 274 Pension Fund

    501 · Affiliated Pension Fund · NJ

  • Pipefitters Local Union No 274

    501(c)5 · Affiliated Local Union · NJ

  • Cost of Living Fund of Local 274

    501(c)9 · Affiliated Cost of Living Fund

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202322899349301212

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