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← PIPE FITTERS-120 INSURANCE FUND

Form 990 for tax year 2023

Filed by PIPE FITTERS-120 INSURANCE FUND.

Totals

Total revenue
$20,004,769
Total expenses
$19,088,839
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,274,057
Investment income
$730,712
Other revenue
$0
Total assets, end of year
$30,278,534
Total liabilities, end of year
$4,837,710
Net assets or fund balances, end of year
$25,440,824
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$17,897,736

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: CONTRIBUTIONS

    total $18,524,047 · related or exempt $18,524,047

  • 2b · Program service revenue: DRUG PLAN SUBSIDIES

    total $634,432 · related or exempt $634,432

  • 2c · Program service revenue: REFUND OF BENEFITS

    total $6,116 · related or exempt $6,116

  • 2f · All other program service revenue

    total $109,462 · related or exempt $109,462

  • 3 · Investment income

    total $980,161 · excluded $980,161

  • 7a · Gross sales of assets other than inventory

    securities $8,172,095

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

    securities $8,421,544

  • 7c · Gain or loss

    securities -$249,449

  • 7d · Net gain or loss

    total -$249,449 · excluded -$249,449

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $17,897,736

  • 11b · Fees: legal

    total $35,229

  • 11c · Fees: accounting

    total $23,888

  • 11f · Fees: investment management

    total $25,914

  • 11g · Fees: other

    total $8,500

  • 13 · Office expenses

    total $18,408

  • 14 · Information technology

    total $23,044

  • 16 · Occupancy

    total $57,000

  • 19 · Conferences, conventions and meetings

    total $4,033

  • 22 · Depreciation, depletion and amortization

    total $8,838

  • 23 · Insurance

    total $5,936

  • 24a · Other expenses: CLAIMS ADMIN FEES

    total $497,307

  • 24b · Other expenses: REIMBURSED EXPENSES

    total $428,184

  • 24c · Other expenses: CONTRACTOR REPORTING

    total $34,190

  • 24d · Other expenses: TAXES

    total $16,190

  • 24e · All other expenses

    total $4,442

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,924 · end of year $322,672

  • 2 · Savings and temporary cash investments

    beginning of year $5,781,259 · end of year $6,732,920

  • 4 · Accounts receivable

    beginning of year $1,720,629 · end of year $2,019,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $190,214 · end of year $192,467

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

    $139,634

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

    $116,697

  • 10c · Land, buildings and equipment, net

    beginning of year $24,128 · end of year $22,937

  • 11 · Investments: publicly traded securities

    beginning of year $19,024,859 · end of year $20,987,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,008,837 · end of year $4,837,710

  • 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 $23,023,176 · end of year $25,440,824

Mission and programs · 2023

Mission

THE ORGANIZATION IS A DEFINED BENEFIT HEALTH AND WELFARE PLAN COVERING INDIVIDUALS REPRESENTED BY PIPE FITTERS LOCAL UNION NO. 120 LOCATED PRIMARILY IN NORTHEASTERN OHIO. (CONTINUED ON SCHEDULE O)THE PLAN PROVIDES HEALTH BENEFITS (MEDICAL, HOSPITAL, SURGICAL, VISION AND DENTAL) TO THOSE WHO QUALIFY AND THEIR COVERED DEPENDENTS. THE PLAN ALSO PROVIDES LIFE INSURANCE COVERAGE, SHORT-TERM DISABILITY BENEFITS AND DEATH BENEFITS TO THOSE WHO QUALIFY.

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.

    Expenses $17,897,736

  • ADMINISTRATION OF THE PIPE FITTERS LOCAL UNION NO. 120 INSURANCE FUND.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Ols

    FUND MGR & FIN SECY-TREAS

    Total calculated
    $261,026
    From this org
    $0
    From related orgs
    $166,079
    Other
    $94,947
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,079 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $94,947 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $261,026 related

  • Dan Gallagher

    TRUSTEE-UNION

    Total calculated
    $241,296
    From this org
    $0
    From related orgs
    $149,868
    Other
    $91,428
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,868 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $91,428 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $241,296 related

  • Patrick Cook

    TRUSTEE-UNION

    Total calculated
    $122,411
    From this org
    $0
    From related orgs
    $78,031
    Other
    $44,380
    Hours/week
    1 + 2 related

  • Joseph Fraser

    TRUSTEE-UNION

    Total calculated
    $4,912
    From this org
    $0
    From related orgs
    $4,912
    Other
    $0
    Hours/week
    1

  • Andrew Hirko

    TRUSTEE-CONTRACTOR

    Total calculated
    $0
    Hours/week
    1

  • David Katz

    TRUSTEE-CONTRACTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dan Kronenfeld

    TRUSTEE-CONTRACTOR

    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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AMERICAN FIRE & SPRINKLER LLC

  • BM SPRINKLER HOLDINGS LLC

  • BRETT ZUPKA LLC

  • CRAZEWELD LLC

  • DSO MECHANICAL LLC

  • FIRELINE SPRINKLER LLC

  • GREAT LAKES PIPING LLC

  • SYNERGY LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ADVANTAGE INDUSTRIAL SYSTEMS

  • ATLANTIC PLANT MAINTENANCE

  • AUTOMATIC MECHANICAL

  • BASSETT SPRINKLER

  • BMWC CONTRACTORS

  • BREWER-GARRETT CO

  • CAMPBELL INC

  • CARRIER CORP

  • CLIMATE PROS

  • CLINE MECHANICAL INC

  • COLEMAN SPOHN

  • COMUNALE CO SA

  • CONTI CORP

  • COULTER VALVE

  • DANNER HVAC & REFRIGERATION

  • DAY & ZIMMERMANN NPS

  • DE-CAL INC

  • DEERPATH CORP

  • DIVERSIFIED PIPING CO INC

  • DUNBAR MECHANICAL

  • EB KATZ INC

  • ENERFAB

  • ENERGY MECHANICAL

  • ENGINEERED MECHANICAL GROUP

  • FAZIO MECH SVC INC

  • FIRE FOE

  • FIRE-TECH (OM)

  • FLICKINGER PIPING CO INC

  • FOREST CITY ERECTORS

  • FOX FIRE PROTECTION

  • GALLAGHER CO JOHN F

  • GEAUGA MECHANICAL

  • GEM INDUSTRIAL

  • HAMMOND

  • HONEYWELL INC

  • IMPERIAL MECHANICAL

  • JACCO & ASSOC

  • JOHN E GREEN

  • JOHNSON CONTROLS

  • MAHONEY FIRE SPRINKLER

  • MARTIN TH

  • MASON MECHANICAL

  • MCCARLS

  • NATIONAL BOILER WORKS

  • NORTHEASTERN REF

  • NORTHSHORE MECH

  • NOWAK MECH SERVICES (OM)

  • OHIO STATE ASSOCIATION

  • PARDO CONSULTANTS

  • PCIWESTINGHOUSE

  • PREMIER MECHANICAL SERVICE

  • PROUT BOILER HTG & WELDING

  • QMCI

  • QUINN'S INDUSTRIAL PIPING (QIP)

  • RG FIRE PROTECTION

  • RG SMITH

  • RCR SERVICES INC

  • RELMEC MECHANICAL

  • ROTH BROTHERS

  • SCHWEIZER DIPPLE INC

  • SIEMENS BLDG TECHNOLOGIES

  • SIMPLEX-GRINNELL

  • SMITH & OBY

  • SMITH & OBY SERVICE

  • SOEHNLEN PIPING

  • SONGER SERVICES

  • SOUTHLAND

  • STEVENS ENGINEEERS

  • WADSWORTH SLAWSON

  • WESTERN RESERVE MECHANICAL

  • YORK MAHONING MECH

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433209349310213

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