Form 990 for tax year 2023
Filed by HEAT AND FROST INSULATORS LOCAL 34 HEALTH & WELFARE PLAN.
Totals
- Total revenue
- $12,423,793
- Total expenses
- $11,165,168
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $12,148,522
- Investment income
- $275,271
- Other revenue
- $0
- Total assets, end of year
- $9,968,224
- Total liabilities, end of year
- $175,783
- Net assets or fund balances, end of year
- $9,792,441
- 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 $10,934,222 · related or exempt $10,934,222
-
2b · Program service revenue: STOP-LOSS REIMBURSEMENT
total $691,733 · related or exempt $691,733
-
2c · Program service revenue: PRESCRIPTION DRUG REBATES
total $260,689 · related or exempt $260,689
-
2d · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $204,332 · related or exempt $204,332
-
2e · Program service revenue: SUBROGATION SETTLEMENTS
total $57,546 · related or exempt $57,546
-
3 · Investment income
total $288,802 · excluded $288,802
-
7a · Gross sales of assets other than inventory
securities $664,071
-
7b · Less cost or other basis and sales expenses
securities $677,602
-
7c · Gain or loss
securities -$13,531
-
7d · Net gain or loss
total -$13,531 · excluded -$13,531
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $10,762,080
-
11a · Fees: management
total $274,800
-
11b · Fees: legal
total $48,887
-
11c · Fees: accounting
total $17,570
-
11f · Fees: investment management
total $2,136
-
11g · Fees: other
total $40,780
-
13 · Office expenses
total $11,353
-
19 · Conferences, conventions and meetings
total $4,319
-
23 · Insurance
total $531
-
24a · Other expenses: FEES MANDATED BY ACA
total $2,712
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,104,580 · end of year $991,142
-
2 · Savings and temporary cash investments
beginning of year $14,838 · end of year $8,563
-
4 · Accounts receivable
beginning of year $898,079 · end of year $1,073,576
-
11 · Investments: publicly traded securities
beginning of year $6,318,712 · end of year $7,894,943
-
17 · Accounts payable and accrued expenses
beginning of year $8,990 · end of year $4,897
-
19 · Deferred revenue
beginning of year $70,300 · end of year $22,800
-
25 · Other liabilities
beginning of year $144,482 · end of year $148,086
-
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 $8,112,437 · end of year $9,792,441
Mission and programs · 2023
Mission
PROVIDE HEALTH AND WELFARE BENEFITS.
Activities or mission (Part I)
PROVIDE HEALTH AND WELFARE BENEFITS
-
TO PROVIDE HEALTH CARE, PRESCRIPTION DRUG, DENTAL, DISABILITY, VISION AND LIFE INSURANCE COVERAGE TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.
As filed on the 2023 return.
Listed in Part VII
-
Albert ByersALBERT BYERS
TRUSTEE
- Total calculated
- $221,294
- From this org
- $0
- From related orgs
- $150,418
- Other
- $70,876
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $150,418 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $42,380 related
- Nontaxable benefits
- $0 + $28,496 related
- Filer's total
- $0 + $221,294 related
-
Eric HouskeERIC HOUSKE
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee HouskeLEE HOUSKE
TRUSTEE
- Total calculated
- $4,100
- From this org
- $0
- From related orgs
- $4,100
- Other
- $0
- Hours/week
- 1 + 2 related
-
Martha HenricksonMARTHA HENRICKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim HynesTIM HYNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike PootMIKE POOT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William MeyerWILLIAM MEYER
TRUSTEE
- Total calculated
- $207,619
- From this org
- $0
- From related orgs
- $136,743
- Other
- $70,876
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $136,743 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $42,380 related
- Nontaxable benefits
- $0 + $28,496 related
- Filer's total
- $0 + $207,619 related
-
Sam LibkeSAM LIBKE
ALTERNATE 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.
-
HEAT AND FROST INSULATORS LOCAL 34 PENSION PLAN
401A · PROVIDE RETIREMENT BENEFITS TO UNION MEMBERS · MN
-
TWIN CITY AREA HEAT & FROST INSULATORS LOCAL 34 APPRENT FUND
501(C)(5) · APPRENTICESHIP PROGRAM - VOCATIONAL TRAINING · MN
-
INTL ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL #34
CONTRIBUTING EMPLOYER
-
UNIVERSITY OF MINNESOTA
CONTRIBUTING EMPLOYER
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.
-
KW SPECIALTY SERVICES
CONTRIBUTING EMPLOYER
-
MAVO SYSTEMS
CONTRIBUTING EMPLOYER
-
TOTAL SPECIALTY CONTRACTING LLC
CONTRIBUTING EMPLOYER
-
CENTRAL STATE MECH INSUL LLC
CONTRIBUTING EMPLOYER
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ALL MECHANICAL INSULATION
CONTRIBUTING EMPLOYER
-
API INC
CONTRIBUTING EMPLOYER
-
BOEGE INSULATION INC
CONTRIBUTING EMPLOYER
-
DOWNTOWN MECHANICAL
CONTRIBUTING EMPLOYER
-
ENERVATION INC
CONTRIBUTING EMPLOYER
-
GAGNON INC
CONTRIBUTING EMPLOYER
-
HYBRID MECHANICAL
CONTRIBUTING EMPLOYER
-
IMAGE MECHANICAL MN
CONTRIBUTING EMPLOYER
-
INSULATION MIDWEST INC
CONTRIBUTING EMPLOYER
-
JAMAR COMPANY
CONTRIBUTING EMPLOYER
-
K FACTOR CORP
CONTRIBUTING EMPLOYER
-
MASTER MECHANICAL
CONTRIBUTING EMPLOYER
-
MCCORMICK INSULATION INC
CONTRIBUTING EMPLOYER
-
NEW LINE MECHANICAL
CONTRIBUTING EMPLOYER
-
OMNI PRO
CONTRIBUTING EMPLOYER
-
PETERSON SHEET METAL OF BEMIDJI
CONTRIBUTING EMPLOYER
-
PREFERRED INSULATION LLC
CONTRIBUTING EMPLOYER
-
PRIME MECHANICAL INSULATION INC
CONTRIBUTING EMPLOYER
-
RYAN MECHANICAL INC
CONTRIBUTING EMPLOYER
-
TAYLOR INSULATION
CONTRIBUTING EMPLOYER
-
THERMECH INC
CONTRIBUTING EMPLOYER
-
XCELLENT INSULATION INC
CONTRIBUTING EMPLOYER
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500429349300340
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