Skip to content
Nonprofiteer
← TANG INDUSTRIES INC EMPLOYEES WELFARE PLAN AND TRUST

Form 990 for tax year 2022

Filed by TANG INDUSTRIES INC EMPLOYEES WELFARE PLAN AND TRUST.

Totals

Total revenue
$15,141,070
Total expenses
$15,358,430
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,141,070
Investment income
$0
Other revenue
$0
Total assets, end of year
$227,396
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$227,396
Program services expenses (Part IX)
$15,358,430
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$15,358,430

Program services were 100.0% 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: Funding by Sponsor

    total $13,736,391 · related or exempt $13,736,391

  • 2b · Program service revenue: Funding by Participant

    total $1,404,679 · related or exempt $1,404,679

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,629,266 · program services $12,629,266

  • 24a · Other expenses: Insurance Premiums

    total $2,088,389 · program services $2,088,389

  • 24b · Other expenses: Administration Fees

    total $640,775 · program services $640,775

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $72,781 · end of year $90,396

  • 4 · Accounts receivable

    beginning of year $371,975 · end of year $137,000

  • 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 $444,756 · end of year $227,396

Mission and programs · 2022

Mission

To provide medical benefits to employees

  • Health Benefits Program

    Expenses $12,629,266

  • Health Insurance Premiums

    Expenses $2,088,389

  • Administration Fees

    Expenses $640,775

As filed on the 2022 return.

Listed in Part VII

  • Michael Tang

    Officer

    Total calculated
    $0
    Hours/week
    0.5

  • Vytas Ambutas

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2024
IRS schema version
2022v5.0
Source object
202411929349300646

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.