Form 990 for tax year 2023
Filed by PLUMBERS 520 HEALTH & WELFARE FUND.
Totals
- Total revenue
- $26,521,331
- Total expenses
- $23,164,867
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $25,710,905
- Investment income
- $742,921
- Other revenue
- $67,505
- Total assets, end of year
- $27,789,457
- Total liabilities, end of year
- $154,559
- Net assets or fund balances, end of year
- $27,634,898
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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 $21,759,921 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Self Contributions
total $2,356,951 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Reciprocal Transfers
total $1,594,033 · unrelated business $0 · excluded $0
-
3 · Investment income
total $692,537 · unrelated business $0 · excluded $692,537
-
7a · Gross sales of assets other than inventory
securities $2,904,360
-
7b · Less cost or other basis and sales expenses
securities $2,853,976
-
7c · Gain or loss
securities $50,384
-
7d · Net gain or loss
total $50,384 · related or exempt $0 · unrelated business $0 · excluded $50,384
-
11a · Other revenue: Rebates
total $67,500 · related or exempt $67,500 · unrelated business $0 · excluded $0
-
11b · Other revenue: Securities Litigation
total $5 · related or exempt $5 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$67,505
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $22,646,242 · program services $0
-
11b · Fees: legal
total $25,819 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $24,158 · program services $0 · management and general $0 · fundraising $0
-
11f · Fees: investment management
total $19,087 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $60,000 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $41,532 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $4,145 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $19,480 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Administrative Fees
total $281,114 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: ACA Fees
total $7,895 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Bank Charges
total $35,395 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,667,663 · end of year $3,776,698
-
2 · Savings and temporary cash investments
beginning of year $132,664 · end of year $255,325
-
4 · Accounts receivable
beginning of year $2,655,150 · end of year $2,730,783
-
9 · Prepaid expenses and deferred charges
beginning of year $159,044 · end of year $4,001
-
11 · Investments: publicly traded securities
beginning of year $18,324,424 · end of year $21,022,650
-
17 · Accounts payable and accrued expenses
beginning of year $110,956 · end of year $42,346
-
25 · Other liabilities
beginning of year $130,679 · end of year $112,213
-
31 · Retained earnings, endowment or other funds
beginning of year $23,697,310 · end of year $27,634,898
Mission and programs · 2023
Mission
Provide health and other benefits to eligible participants in the construction industry in central Pennsylvania covered by collective bargaining agreements.
-
Provision of death, accidental death and dismemberment, disability, hospitalization, medical, surgical, prescription drug, dental, vision care, loss-of-sight, asbestos screening, routine physical examinations and hearing aid benefits to eligible participants.
As filed on the 2023 return.
Listed in Part VII
-
James Estabrook
Management Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Edenbo
Union Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James Enders
Union Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Josh Clark
Union 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.
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.
-
Plumbers & Pipefitters Local 520 Pension Plan
401(a) · Retirement Plan · PA
Directly controlled by NA
-
Plumbers & Pipefitters Local 520 Annuity Plan
401(a) · Retirement Plan · PA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 September 2024
- IRS schema version
- 2023v6.0
- Source object
- 202500559349300835
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