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← HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 47 WELFARE FUND

Form 990 for tax year 2022

Filed by HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 47 WELFARE FUND.

Totals

Total revenue
$3,897,954
Total expenses
$4,258,669
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,002,859
Investment income
$892,447
Other revenue
$2,648
Total assets, end of year
$5,147,100
Total liabilities, end of year
$2,293,523
Net assets or fund balances, end of year
$2,853,577
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: EMPLOYER CONTRIBUTIONS

    total $2,522,134 · related or exempt $2,522,134

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $480,725 · related or exempt $480,725

  • 3 · Investment income

    total $129,610 · excluded $129,610

  • 7a · Gross sales of assets other than inventory

    securities $1,922,743

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

    securities $1,159,906

  • 7c · Gain or loss

    securities $762,837

  • 7d · Net gain or loss

    total $762,837 · related or exempt $762,837

  • 11a · Other revenue: LIQUIDATED DAMAGES

    total $2,648 · related or exempt $2,648

  • 11e · Other revenue, total

    $2,648

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,903,775

  • 11a · Fees: management

    total $261,092

  • 11b · Fees: legal

    total $11,509

  • 11c · Fees: accounting

    total $18,253

  • 11f · Fees: investment management

    total $11,167

  • 11g · Fees: other

    total $8,250

  • 13 · Office expenses

    total $12,342

  • 19 · Conferences, conventions and meetings

    total $22,875

  • 23 · Insurance

    total $9,406

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,482 · end of year $257,550

  • 2 · Savings and temporary cash investments

    beginning of year $130 · end of year $6,361

  • 4 · Accounts receivable

    beginning of year $245,241 · end of year $207,219

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,399 · end of year $8,569

  • 11 · Investments: publicly traded securities

    beginning of year $5,875,203 · end of year $4,353,213

  • 12 · Investments: other securities

    beginning of year $356,954 · end of year $314,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,021 · end of year $35,523

  • 25 · Other liabilities

    beginning of year $1,917,000 · end of year $2,258,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,789,388 · end of year $2,853,577

Mission and programs · 2022

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIBIBLE PARTICIPANTS OF THE PLAN.

  • TO PROVIDE HEALTH CARE, DISABILITY, AND LIFE INSURANCE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.

As filed on the 2022 return.

Listed in Part VII

  • Joshua Kroell

    SECRETARY

    Total calculated
    $154,352
    From this org
    $0
    From related orgs
    $92,092
    Other
    $62,260
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $92,092 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $62,260 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $154,352 related

  • Walt Wilson

    TRUSTEE

    Total calculated
    $33,047
    From this org
    $0
    From related orgs
    $1,108
    Other
    $31,939
    Hours/week
    1 + 40 related

  • Joshua Scalici

    TRUSTEE

    Total calculated
    $32,892
    From this org
    $0
    From related orgs
    $0
    Other
    $32,892
    Hours/week
    1 + 40 related

  • Thomas Dylenski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • John Lyons

    TRUSTEE

    Total calculated
    $0

  • Robert A Williams

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 40 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 corporations and trusts

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

  • API INC

  • ADVANCED INDUSTRIAL SERVICES

  • ALEXANDER INSULATION INC

  • ALLIED POWER

  • ARBOR CONTRACTING INC

  • ASCEND SEWING & INSULATION LLC

  • ATLANTIC PLANT MAINT INC

  • BRANDSAFWAY INDUSTRIES LLC

  • BROCK INDUSTRIAL SERVICES LLC

  • CONSOLIDATED MECHINCAL INC

  • DAY & ZIMMERMAN NPS

  • ECO MECHANICAL INSULATION LLC

  • ELITE MECHANICAL INSULATION

  • HUNTER PRELL COMPANY

  • JEN-SUM MECHANICAL

  • LAKE STATE INSULATION INC

  • LANSING MECHANICAL INSULATION

  • LARKIN ENTERPRISES INC

  • MECHANICAL & INDUSTRIAL INSUL

  • MECHANICAL HEAT & FROST INS INC

  • MID-MICHIGAN MECH INSULATION

  • MILCO NATIONAL CONSTRUCTORS

  • N B PROCESSING INC

  • RL BONDY INSULATION

  • RESOURCE MECHANICAL INSULATION

  • REVARD MECHANICAL INSULATION

  • T & C INSULATION

  • TICON INC

  • TRIDENT INSULATION SERVICES

  • TURBINE PROS LLC

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333119349303438

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