Form 990 for tax year 2023
Filed by NECA-IBEW LOCAL 364 WELFARE TRUST.
Totals
- Total revenue
- $29,995,416
- Total expenses
- $20,899,428
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $28,496,281
- Investment income
- $1,499,135
- Other revenue
- $0
- Total assets, end of year
- $50,581,440
- Total liabilities, end of year
- $3,017,863
- Net assets or fund balances, end of year
- $47,563,577
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $20,899,428
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
total $27,020,243 · related or exempt $27,020,243
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $1,476,038 · related or exempt $1,476,038
-
3 · Investment income
total $1,466,663 · excluded $1,466,663
-
7a · Gross sales of assets other than inventory
securities $3,439,928
-
7b · Less cost or other basis and sales expenses
securities $3,407,456
-
7c · Gain or loss
securities $32,472
-
7d · Net gain or loss
total $32,472 · excluded $32,472
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $18,528,061
-
10 · Payroll taxes
total $1,110
-
11b · Fees: legal
total $23,294
-
11c · Fees: accounting
total $34,117
-
13 · Office expenses
total $67,935
-
16 · Occupancy
total $13,740
-
19 · Conferences, conventions and meetings
total $5,871
-
23 · Insurance
total $8,647
-
24a · Other expenses: STOP LOSS INSURANCE
total $1,215,776
-
24b · Other expenses: UTILIZATION REVIEW & PPO
total $451,575
-
24c · Other expenses: CLAIMS PROCESSING
total $242,197
-
24d · Other expenses: ADMINISTRATION
total $196,445
-
24e · All other expenses
total $110,660
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,425,755
-
2 · Savings and temporary cash investments
beginning of year $29,437 · end of year $7,848,918
-
4 · Accounts receivable
beginning of year $4,103,423 · end of year $3,692,144
-
9 · Prepaid expenses and deferred charges
beginning of year $152,296 · end of year $96,246
-
11 · Investments: publicly traded securities
beginning of year $26,944,047 · end of year $38,944,132
-
17 · Accounts payable and accrued expenses
beginning of year $4,162,298 · end of year $3,014,368
-
25 · Other liabilities
beginning of year $9,892 · end of year $3,495
-
31 · Retained earnings, endowment or other funds
beginning of year $34,482,768 · end of year $47,563,577
Mission and programs · 2023
Mission
PROVIDE BENEFITS TO ELIGIBLE MEMBERS.
-
PAYMENTS OF MEDICAL, DENTAL, VISION, DISABILITY, LIFE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND DEPENDENTS.
Expenses $20,899,428
As filed on the 2023 return.
Listed in Part VII
-
David CargillDAVID CARGILL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
John RobinsonJOHN ROBINSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Alan GoldenALAN GOLDEN
TRUSTEE
- Total calculated
- $214,087
- From this org
- $0
- From related orgs
- $131,598
- Other
- $82,489
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- not reported + $131,598 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $82,489 related
- Filer's total
- not reported + $214,087 related
-
John LarsonJOHN LARSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Jim LeeJIM LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Bradley VosBRADLEY VOS
TRUSTEE
- Total calculated
- $1,296
- From this org
- $0
- From related orgs
- $1,296
- Other
- $0
- Hours/week
- 2 + 8 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.
-
NECA-IBEW 364 DEFINED CONTRIB PLAN
501C9 · PENSION PN · IL
-
NECA-IBEW 364 SUPP UNEMP TRU FUND
501C9 · UNEMP BENE · IL
-
501C2 · BLDG CORP · IL
-
501C5 · LOCL UNION · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501789349301205
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.