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← HEALTH & WELFARE FUND IBEW 96

Form 990 for tax year 2022

Filed by HEALTH & WELFARE FUND IBEW 96.

Totals

Total revenue
$5,641,302
Total expenses
$5,675,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,417,542
Investment income
$220,710
Other revenue
$3,050
Total assets, end of year
$9,643,975
Total liabilities, end of year
$194,112
Net assets or fund balances, end of year
$9,449,863
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 $4,857,094 · related or exempt $4,857,094

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $560,448 · related or exempt $560,448

  • 3 · Investment income

    total $220,710 · excluded $220,710

  • 11a · Other revenue: BENEFITS RECOVERED

    total $3,050 · related or exempt $3,050

  • 11e · Other revenue, total

    $3,050

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,434,314

  • 5 · Compensation of officers, directors and key employees

    total $1,486

  • 11a · Fees: management

    total $100,380

  • 11b · Fees: legal

    total $26,353

  • 11c · Fees: accounting

    total $11,947

  • 11f · Fees: investment management

    total $8,966

  • 11g · Fees: other

    total $72,709

  • 13 · Office expenses

    total $6,383

  • 14 · Information technology

    total $2,480

  • 19 · Conferences, conventions and meetings

    total $2,354

  • 23 · Insurance

    total $7,978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $267,640 · end of year $387,985

  • 4 · Accounts receivable

    beginning of year $555,769 · end of year $725,403

  • 9 · Prepaid expenses and deferred charges

    beginning of year $406,057 · end of year $373,313

  • 11 · Investments: publicly traded securities

    beginning of year $9,668,090 · end of year $8,122,784

  • 15 · Other assets

    beginning of year $34,490 · end of year $34,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,018 · end of year $14,048

  • 25 · Other liabilities

    beginning of year $77,190 · end of year $180,064

  • 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 $10,848,838 · end of year $9,449,863

Mission and programs · 2022

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

  • THE FUND PROVIDES MEDICAL INSURANCE, LIFE INSURANCE, DISABILITY, DENTAL AND OTHER HEALTH BENEFITS FOR ELIGIBLE MEMBERS AND DEPENDENTS

As filed on the 2022 return.

Listed in Part VII

  • Kevin Menard

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Matthew Ostrow

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thomas Maloney

    UNION TRUSTEE

    Total calculated
    $178,496
    From this org
    $0
    From related orgs
    $117,366
    Other
    $61,130
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,366 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,989 related
    Nontaxable benefits
    $0 + $24,141 related
    Filer's total
    $0 + $178,496 related

  • Brian Clarke

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Martinelli

    UNION TRUSTEE (P)

    Total calculated
    $155,762
    From this org
    $0
    From related orgs
    $106,582
    Other
    $49,180
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $106,582 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,742 related
    Nontaxable benefits
    $0 + $19,438 related
    Filer's total
    $0 + $155,762 related

  • Robert Liddy

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ronald Buffone

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

  • IBEW LOCAL 96

    501(C)(5) · LABOR ORGANIZATION · MA

  • PENSION FUND LOCAL 96 - IBEW

    401(A) · PENSION FUND · CT

  • ANNUITY FUND IBEW LOCAL 96

    401(A) · ANNUITY FUND · CT

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.

  • ALDON ELECTRIC INC

  • ARDEN ENGINEERING

  • ATLANTIC PLAT MAINTENANCE

  • E W AUDET

  • BEAUMONT SOLAR

  • BECO ELECTRICAL CONTRACTORS

  • COGHLIN ELECTRICAL CONT INC

  • COLLINS ELECTRIC COMPANY INC

  • COMM-TRACT CORP

  • CUBE ELECTRICAL CONSTRUCTION

  • DAGLE ELECTRICAL

  • DELSIGNORE ELECTRICAL CONT INC

  • EYLES ELECTRIC INC

  • FALL RIVER ELECTRICAL ASSOC

  • FUTURE TECHNOLOGIES GROUP INC

  • GASTON ELECTRIC CO INC

  • I B ABEL INC

  • IKE ELECTRIC INC

  • JM ELECTRICAL

  • KM KELLY INC

  • LAN TEL COMMUNICATIONS

  • LAPINSKI ELECTRIC INC

  • LIDCO ELECTRICAL CONTR INC

  • LYNNWELL ASSOCIATES INC

  • MASS BAY ELECTRIC

  • MASS ELECTRIC

  • MCPHEE ELECTRIC LTD

  • MILLER BROS DIV OF WAMPOLE

  • MOULISON LLC

  • MURPHY ELECTRIC & INDUSTRIAL

  • NATIONAL CONDUCTOR CONSTRUCTOR

  • NETVERSANT

  • NORWEY ELECTRICAL CONSTRUCTION

  • OSTROW ELECTRIC CO INC

  • PINE RIDGE TECHNOLOGIES

  • WILLIAM ROBERTS ELECTRIC CO

  • RICHARD REID ELECTRICAL CO

  • RYAN ELECTRIC

  • SCHNEIDER ELECTRIC OF ST LOUIS

  • SIEMENS INDUSTRY

  • SPARKS COMPANY

  • SYNET INC

  • STATE ELECTRIC

  • UTILITY SERVICE NEW ENGLAND

  • JF WHITE CONTRACTING

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202303109349302515

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