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Nonprofiteer
← IBEW-654 HEALTH AND WELFARE FUND

Form 990 for tax year 2022

Filed by IBEW-654 HEALTH AND WELFARE FUND.

Totals

Total revenue
$9,175,735
Total expenses
$8,131,984
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,434,910
Investment income
-$259,232
Other revenue
$57
Total assets, end of year
$22,589,379
Total liabilities, end of year
$100,298
Net assets or fund balances, end of year
$22,489,081
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 $9,366,795 · related or exempt $9,366,795

  • 2b · Program service revenue: COBRA & DIRECT PAY CONTRIBUTIONS

    total $68,115 · related or exempt $68,115

  • 3 · Investment income

    total $457,021 · excluded $457,021

  • 7a · Gross sales of assets other than inventory

    securities $43,782,812

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

    securities $44,499,065

  • 7c · Gain or loss

    securities -$716,253

  • 7d · Net gain or loss

    total -$716,253 · excluded -$716,253

  • 11a · Other revenue: CLASS ACTION SETTLEMENTS

    total $57 · related or exempt $57

  • 11e · Other revenue, total

    $57

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,779,564

  • 11b · Fees: legal

    total $2,482

  • 11c · Fees: accounting

    total $19,895

  • 11f · Fees: investment management

    total $57,166

  • 11g · Fees: other

    total $257,104

  • 13 · Office expenses

    total $7,027

  • 19 · Conferences, conventions and meetings

    total $2,874

  • 23 · Insurance

    total $2,318

  • 24a · Other expenses: REGULATORY FEES AND TAX

    total $3,554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $977,802 · end of year $766,416

  • 2 · Savings and temporary cash investments

    beginning of year $3,481,585 · end of year $2,565,959

  • 4 · Accounts receivable

    beginning of year $870,185 · end of year $843,719

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,060 · end of year $11,565

  • 11 · Investments: publicly traded securities

    beginning of year $16,153,948 · end of year $16,247,317

  • 12 · Investments: other securities

    beginning of year $1,269,873 · end of year $1,674,126

  • 15 · Other assets

    beginning of year $361,155 · end of year $480,277

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,981 · end of year $28,438

  • 25 · Other liabilities

    beginning of year $101,275 · end of year $71,860

  • 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 $23,014,352 · end of year $22,489,081

Mission and programs · 2022

Mission

TO PROVIDE LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT HOSPITALIZATION, MEDICAL-SURGICAL, MAJOR MEDICAL BENEFITS AND DENTAL BENEFITS TO MEMEBERS.

Activities or mission (Part I)

TO PROVIDE LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT HOSPITALIZATION, MEDICAL-SURGICAL, MAJOR MEDICAL BENEFITS AND DENTAL BENEFITS TO MEMBERS.

  • TO PROVIDE LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT HOSPITALIZATION, MEDICAL-SURGICAL, MAJOR MEDICAL BENEFITS AND DENTAL BENEFITS TO MEMEBERS.

As filed on the 2022 return.

Listed in Part VII

  • WILLIAM ADAMS

    UNION TRUSTEE

    Total calculated
    $221,040
    From this org
    $0
    From related orgs
    $118,776
    Other
    $102,264
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,776 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $74,112 related
    Nontaxable benefits
    $0 + $28,152 related
    Filer's total
    $0 + $221,040 related

  • JEFFREY SCARPELLO ESQ

    MANAGEMENT TRUSTEE

    Total calculated
    $635,910
    From this org
    $0
    From related orgs
    $517,344
    Other
    $118,566
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,760 related
    Bonus
    $0
    Other
    $0 + $3,584 related
    Deferred
    $0 + $68,500 related
    Nontaxable benefits
    $0 + $50,066 related
    Filer's total
    $0 + $635,910 related

  • PAUL MULLEN

    UNION TRUSTEE

    Total calculated
    $247,689
    From this org
    $0
    From related orgs
    $137,518
    Other
    $110,171
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,518 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $82,019 related
    Nontaxable benefits
    $0 + $28,152 related
    Filer's total
    $0 + $247,689 related

  • KEVIN MCDEVITT

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES MACDONALD

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL HENRY

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THOMAS MOORE

    MANAGEMENT TRUSTEE

    Total calculated
    $170,228
    From this org
    $0
    From related orgs
    $143,172
    Other
    $27,056
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $139,000 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $1,172 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,056 related
    Filer's total
    $0 + $170,228 related

  • ED COLLISON

    MANAGEMENT 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.

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 & S ELECTRIC INC-CO

  • AARON ELECTRICAL - COM

  • ADVANCED BUILDING CONTR

  • AJM ELECTRIC INC - COM

  • ALBARELL ELECTRIC INC

  • APPELLATION CONSTRUCTIO

  • ARMSTRONG ELECTRIC

  • B LAWRENCE ELECTRIC IN

  • BATTAGLIA COMPANIES - C

  • BELLES ELEC - COMMERCI

  • BILLITIER ELECTRIC INC

  • BLUESTONE COMMUNICATION

  • CAD ELECTRIC INC -

  • CARR & DUFF INC-COMME

  • CHARLES H MACDONALD EL

  • CLIMATE PROS

  • CMSE INC - COM

  • CONTRACTOR COVERAGE PCF

  • DONALD A PUSEY INC-C

  • EAGLE ELECTRIC GROUP IN

  • EAGLE I ELECTRIC INC

  • EDWIND L HEIM CO

  • FLEMINGTON INSTRUMENT C

  • FORD BROTHERS ELECTRIC

  • GENERAL CONTROLS

  • GOLDHORN ELECTRICAL CON

  • GOLDSMITH ASSOCIATES I

  • GRABOYES COMMERICAL WIN

  • GREENTECH ENERGY SERVIC

  • GUARANTEE ELECTRICAL CO

  • HB FRAZER CO - COM

  • HARRISON ELECTRIC LLC -

  • HATZEL & BUEHLER INC

  • HIRNEISEN ELECTRIC INC

  • HOBBS AND COMPANY INC

  • IB ABEL INC - IND

  • J R METZGER INC - C

  • JJ WHITE INC - INDUS

  • JML ELECTRIC CECW

  • JT ELECTRIC LLC - COM

  • JUDGE ELECTRICAL INC

  • LIBERTY INTEGRATED SOLU

  • LINE CONSTRUCTION BENEF

  • MADDEN ELECTRIC

  • MATRIX NAC - IND

  • MCGOLDRICK ELECTRIC INC

  • PAGODA ELEC & MECH INC

  • PALMAN ELECTRIC INC

  • PARSON ASSOCIATES

  • R & A ELECTRIC INC -

  • R PALMIERI ELECTRICAL

  • RAFF ELECTRIC INC - CO

  • RIGGS DISTLER & CO IN

  • RILEY ELECTRIC INC

  • SJ THOMAS CO INC -

  • SCHAUER ELECTRIC INC-

  • SHELLY ELECTRIC CO IN

  • SUPERIOR ELECTRIC SERVI

  • THE WILLIAMS GRP ELEC

  • UNION ELECTRIC CONTRACT

  • WILLIAM H CLINGER CORP

  • XL INDUSTRIAL SERVICES

Provenance

Return type
form_990
Tax year
2022
Filed
26 September 2023
IRS schema version
2022v5.0
Source object
202342699349301134

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