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← ASBESTOS WORKERS LOCAL UNION NO 80 SUPPLEMENTAL MEDICAL FUND

Form 990 for tax year 2023

Filed by ASBESTOS WORKERS LOCAL UNION NO 80 SUPPLEMENTAL MEDICAL FUND.

Totals

Total revenue
$1,404,785
Total expenses
$1,413,002
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,263,349
Investment income
$141,436
Other revenue
$0
Total assets, end of year
$10,170,944
Total liabilities, end of year
$451
Net assets or fund balances, end of year
$10,170,493
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: CONTRIBUTIONS

    total $1,263,349 · related or exempt $1,263,349

  • 3 · Investment income

    total $129,191 · excluded $129,191

  • 7a · Gross sales of assets other than inventory

    securities $260,000

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

    securities $247,755

  • 7c · Gain or loss

    securities $12,245

  • 7d · Net gain or loss

    total $12,245 · excluded $12,245

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,307,074

  • 11a · Fees: management

    total $44,716

  • 11b · Fees: legal

    total $9,195

  • 11c · Fees: accounting

    total $23,003

  • 11f · Fees: investment management

    total $17,503

  • 13 · Office expenses

    total $3,197

  • 19 · Conferences, conventions and meetings

    total $3,699

  • 24a · Other expenses: INSURANCE EXPENSE

    total $3,976

  • 24b · Other expenses: BANK CHARGES

    total $639

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,142 · end of year $317,662

  • 4 · Accounts receivable

    beginning of year $62,120 · end of year $65,803

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,466 · end of year $1,738

  • 11 · Investments: publicly traded securities

    beginning of year $9,180,228 · end of year $9,785,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $168 · end of year $451

  • 29 · Capital stock, trust principal or current funds

    beginning of year $9,368,788 · end of year $10,170,493

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

PROVISION OF MEDICAL, WEEKLY ACCIDENT & SICKNESS AND RETIREE HEALTH INSURANCE BENEFITS TO MEMBERS OF ASBESTOS WORKERS LOCAL UNION NO. 80.

  • ACTIVITIES DURING THE PERIOD CONSISTED OF ACCUMULATING AND INVESTING FUNDS TO PROVIDE MEDICAL, WEEKLY ACCIDENT AND SICKNESS AND RETIREE HEALTH INSURANCE BENEFITS TO UNION MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Mark Atrip

    TRUSTEE - EMPLOYER

    Total calculated
    $0
    Hours/week
    1

  • Dan Patterson

    TRUSTEE - EMPLOYER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Patterson

    TRUSTEE - EMPLOYER

    Total calculated
    $0
    Hours/week
    1

  • Ron Piersol Jr

    TRUSTEE - UNION

    Total calculated
    $98,258
    From this org
    $0
    From related orgs
    $98,258
    Other
    $0
    Hours/week
    1

  • J Todd Motz

    TRUSTEE - UNION

    Total calculated
    $92,100
    From this org
    $0
    From related orgs
    $92,100
    Other
    $0
    Hours/week
    1

  • Derrick Shepherd

    TRUSTEE - UNION

    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.

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.

  • GEORGE V HAMILTON INC

  • INDUST ENVIRONMENTAL INC

  • UNITED CONSTRUCTION CO

  • JJ WHITE INC

  • MT STATE MECH INSUL INC

  • ADVANCED ENERGY SOLUTIONS

  • BURNHAM INDUSTRIAL CORP

  • RE KRAMIG INC

  • THERMAL SOLUTIONS INC

  • ASTAR ABATEMENT INC

  • PERFORMANCE ABATEMENT SVC

  • EPI INSULATION CO INC

  • ASTAR INC

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202501259349303170

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