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← IBEW HEALTH & WELFARE TRUST FUND NECA LOCAL UNION NO 313

Form 990 for tax year 2023

Filed by IBEW HEALTH & WELFARE TRUST FUND NECA LOCAL UNION NO 313.

Totals

Total revenue
$17,970,779
Total expenses
$17,824,686
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,613,561
Investment income
$357,218
Other revenue
$0
Total assets, end of year
$26,763,896
Total liabilities, end of year
$109,809
Net assets or fund balances, end of year
$26,654,087
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: RECEIPTS FROM EMPLOYER

    total $15,522,321 · related or exempt $15,522,321

  • 2b · Program service revenue: RECEIPTS FROM PARTICIP

    total $2,091,240 · related or exempt $2,091,240

  • 3 · Investment income

    total $414,066 · excluded $414,066

  • 7a · Gross sales of assets other than inventory

    securities $5,915,787

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

    securities $5,972,635

  • 7c · Gain or loss

    securities -$56,848

  • 7d · Net gain or loss

    total -$56,848 · related or exempt -$56,848

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $16,640,166

  • 11a · Fees: management

    total $404,896

  • 11b · Fees: legal

    total $47,356

  • 11c · Fees: accounting

    total $16,527

  • 11f · Fees: investment management

    total $84,992

  • 11g · Fees: other

    total $532,637

  • 13 · Office expenses

    total $67,337

  • 17 · Travel

    total $8,901

  • 23 · Insurance

    total $11,740

  • 24a · Other expenses: PCORI FEES

    total $5,313

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,821

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,763,362 · end of year $5,627,087

  • 2 · Savings and temporary cash investments

    beginning of year $64,763 · end of year $4,167

  • 4 · Accounts receivable

    beginning of year $1,492,338 · end of year $1,465,299

  • 11 · Investments: publicly traded securities

    beginning of year $17,685,829 · end of year $19,667,343

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,012 · end of year $109,809

  • 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 $24,925,280 · end of year $26,654,087

Mission and programs · 2023

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS.

  • THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

As filed on the 2023 return.

Listed in Part VII

  • JAMES R MURRIAN

    CHAIRMAN

    Total calculated
    $248,603
    From this org
    $0
    From related orgs
    $143,758
    Other
    $104,845
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,784 related
    Bonus
    $0
    Other
    $0 + $2,974 related
    Deferred
    $0 + $59,933 related
    Nontaxable benefits
    $0 + $44,912 related
    Filer's total
    $0 + $248,603 related

  • DANIEL HAHN

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • BRUCE ESPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • ROBERT F MACLENNAN

    TRUSTEE

    Total calculated
    $24,166
    From this org
    $0
    From related orgs
    $13,974
    Other
    $10,192
    Hours/week
    2 + 38 related

  • JOHN B DENNIS III

    TRUSTEE

    Total calculated
    $2,385
    From this org
    $0
    From related orgs
    $1,379
    Other
    $1,006
    Hours/week
    2 + 38 related

  • JAMES MEYERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • FRED FISHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JIMMIE FITZSIMMONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • BRYAN GULLION RESIGNED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DARREN SCOTT RESIGNED

    TRUSTEE

    Total calculated
    $203,553
    From this org
    $0
    From related orgs
    $117,707
    Other
    $85,846
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,320 related
    Bonus
    $0
    Other
    $0 + $387 related
    Deferred
    $0 + $49,072 related
    Nontaxable benefits
    $0 + $36,774 related
    Filer's total
    $0 + $203,553 related

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.

  • ATLAS ELECTRIC LLC

  • B & B LIGHTING PROTECTION LLC

  • CLIMATE PROS

  • DELAWARE ELECTRONIC LLC

  • GENERATION ELECTRICAL SERVICES LLC

  • JJD ELECTRIC LLC

  • MAIN STREET TECHNOLOGIES DE LLC

  • SCANLON ASSOC INDUSTRIAL CONTRACTORS LLC

Related corporations and trusts

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

  • AJM ELECTRIC INC

  • BATTAGLIA ELECTRIC INC

  • BILLITIER ELECTRIC INC

  • BLUESTONE COMMUNICATIONS INC

  • BURLINGTON ELECTRICAL TESTING CO INC

  • CAVANAUGH ELECTRICAL CONTRACTING INC

  • CURRENT SOLUTIONS INC

  • DECA INCORPORATED

  • DIAMOND ELECTRIC INC

  • DONALDSON ELECTRIC INC

  • EDWIN L HEIM CO

  • FIRST STATE ELECTRIC CO

  • FURNESS ELECTRIC CO INC

  • GOLDSMITH ASSOCIATES INC

  • H & H SERVICES ELECTRICAL CONTRACTORS

  • HATZEL & BUEHLER INC

  • I B ABEL INC

  • JANVIER ELECTRIC INC

  • JONES LONG LASALLE AMERICAS INC-NY

  • KAM ELECTRIC INC

  • LANCONNECT INC

  • MATRIX NAC

  • MODERN CONTROLS INC

  • PENN-OHIO ELECTRICAL COMPANY

  • PREFERRED ELECTRIC INC

  • RIGGS DISTLER & COMPANY

  • RILEY ELECTRIC INC

  • SCOTT TESTING INC

  • SHIELDS ELECTRIC INC

  • SUPERIOR ELECTRIC SERVICE CO

  • TANGENT CABLE SYSTEMS INC

  • TOMEY ELECTRIC INC

  • TRUST FUND BUSINESS

  • VFC

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423189349310597

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