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Nonprofiteer
← ITPEU HEALTH & WELFARE FUND

Form 990 for tax year 2024

Filed by ITPEU HEALTH & WELFARE FUND.

Totals

Total revenue
$71,230,216
Total expenses
$61,408,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$68,364,297
Investment income
$2,847,733
Other revenue
$18,186
Total assets, end of year
$100,411,001
Total liabilities, end of year
$18,036,974
Net assets or fund balances, end of year
$82,374,027
Program services expenses (Part IX)
$61,408,370
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$61,408,370

Program services were 100.0% 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

    total $68,318,983 · related or exempt $68,318,983

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $45,314 · related or exempt $45,314

  • 3 · Investment income

    total $2,694,477 · excluded $2,694,477

  • 6a · Gross rents

    real property $42,320

  • 6b · Less rental expenses

    real property $24,134

  • 6c · Rental income or loss

    real property $18,186

  • 6d · Net rental income or loss

    total $18,186 · excluded $18,186

  • 7a · Gross sales of assets other than inventory

    securities $21,052,467

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

    securities $20,897,955 · other assets $1,256

  • 7c · Gain or loss

    securities $154,512 · other assets -$1,256

  • 7d · Net gain or loss

    total $153,256 · related or exempt $153,256

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $55,638,286 · program services $55,638,286

  • 5 · Compensation of officers, directors and key employees

    total $221,863 · program services $221,863

  • 7 · Other salaries and wages

    total $574,737 · program services $574,737

  • 8 · Pension plan contributions

    total $47,750 · program services $47,750

  • 10 · Payroll taxes

    total $60,608 · program services $60,608

  • 11b · Fees: legal

    total $50,661 · program services $50,661

  • 11c · Fees: accounting

    total $160,029 · program services $160,029

  • 11f · Fees: investment management

    total $116,192 · program services $116,192

  • 11g · Fees: other

    total $3,776,561 · program services $3,776,561

  • 13 · Office expenses

    total $109,879 · program services $109,879

  • 14 · Information technology

    total $425,993 · program services $425,993

  • 16 · Occupancy

    total $111,721 · program services $111,721

  • 19 · Conferences, conventions and meetings

    total $31,996 · program services $31,996

  • 22 · Depreciation, depletion and amortization

    total $43,612 · program services $43,612

  • 24a · Other expenses: AFFORDABLE CARE ACT FEES

    total $38,482 · program services $38,482

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,648,973 · end of year $9,839,367

  • 2 · Savings and temporary cash investments

    beginning of year $4,158,530 · end of year $4,363,796

  • 4 · Accounts receivable

    beginning of year $5,628,943 · end of year $5,782,977

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,348 · end of year $77,990

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

    $1,820,593

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

    $439,746

  • 10c · Land, buildings and equipment, net

    beginning of year $1,401,598 · end of year $1,380,847

  • 11 · Investments: publicly traded securities

    beginning of year $61,003,703 · end of year $71,628,350

  • 12 · Investments: other securities

    beginning of year $6,322,674 · end of year $6,999,635

  • 15 · Other assets

    beginning of year $240,562 · end of year $338,039

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,674,013 · end of year $1,629,588

  • 25 · Other liabilities

    beginning of year $14,970,671 · end of year $16,407,386

  • 27 · Net assets without donor restrictions

    beginning of year $69,847,647 · end of year $82,374,027

Mission and programs · 2024

Mission

MULTI-EMPLOYER EMPLOYEE BENEFITS

  • PROVIDED HEALTH AND WELFARE BENEFITS FOR APPROXIMATELY 7,400 PLAN PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.

    Expenses $61,408,370 · Revenue $68,517,553

As filed on the 2024 return.

Listed in Part VII

  • Dennis Arrington

    CO-CHAIR

    Total calculated
    $246,819
    From this org
    $0
    From related orgs
    $209,774
    Other
    $37,045
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $205,374 related
    Bonus
    not reported + $4,400 related
    Other
    not reported
    Deferred
    not reported + $26,563 related
    Nontaxable benefits
    not reported + $10,482 related
    Filer's total
    not reported + $246,819 related

  • John Brenton IV

    CO-CHAIR

    Total calculated
    $219,663
    From this org
    $0
    From related orgs
    $183,864
    Other
    $35,799
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $180,164 related
    Bonus
    not reported + $3,700 related
    Other
    not reported
    Deferred
    not reported + $25,317 related
    Nontaxable benefits
    not reported + $10,482 related
    Filer's total
    not reported + $219,663 related

  • Lena Bailey

    V CO-CHAIR

    Total calculated
    $199,885
    From this org
    $0
    From related orgs
    $161,773
    Other
    $38,112
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $158,773 related
    Bonus
    not reported + $3,000 related
    Other
    not reported
    Deferred
    not reported + $27,630 related
    Nontaxable benefits
    not reported + $10,482 related
    Filer's total
    not reported + $199,885 related

  • Trina Williams

    TRUSTEE

    Total calculated
    $133,191
    From this org
    $0
    From related orgs
    $101,940
    Other
    $31,251
    Hours/week
    0.5 + 35 related

  • Kathy Heery

    ADMINISTRATO

    Total calculated
    $126,071
    From this org
    $120,838
    From related orgs
    $0
    Other
    $5,233
    Hours/week
    40

  • Wilma Zimmerman

    TRUSTEE

    Total calculated
    $108,151
    From this org
    $0
    From related orgs
    $77,820
    Other
    $30,331
    Hours/week
    0.5 + 35 related

  • Denise Moore

    TRUSTEE

    Total calculated
    $105,811
    From this org
    $0
    From related orgs
    $77,008
    Other
    $28,803
    Hours/week
    0.5 + 35 related

  • Patty Foley

    TRUSTEE

    Total calculated
    $99,895
    From this org
    $0
    From related orgs
    $70,033
    Other
    $29,862
    Hours/week
    0.5 + 35 related

  • Janice Ambrose

    CONTROLLER

    Total calculated
    $90,373
    From this org
    $85,140
    From related orgs
    $0
    Other
    $5,233
    Hours/week
    40

  • Jerry M Bowden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Leonard Cabrera

    V. CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Harold E Gelber

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Don James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Ximenes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 25 CHATHAM CENTER LLC

    REAL ESTAT · GA · income $60,619 · assets $1,375,685

    Directly controlled by ITPEU HW

Provenance

Return type
form_990
Tax year
2024
Filed
19 March 2025
IRS schema version
2024v5.0
Source object
202600789349300220

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