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Nonprofiteer
← YOUNGSTOWN AREA ELECTRICAL WELFARE FUND

Form 990 for tax year 2023

Filed by YOUNGSTOWN AREA ELECTRICAL WELFARE FUND.

Totals

Total revenue
$4,639,453
Total expenses
$3,586,982
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,435,129
Investment income
$197,324
Other revenue
$7,000
Total assets, end of year
$6,790,605
Total liabilities, end of year
$854,617
Net assets or fund balances, end of year
$5,935,988
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

    total $4,353,242 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MEMBERS

    total $81,887 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $197,324 · unrelated business $0 · excluded $197,324

  • 11a · Other revenue: OTHER INCOME

    total $7,000 · related or exempt $7,000 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $7,000

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,181,362 · program services $0

  • 11a · Fees: management

    total $65,852 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $16,172 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $8,600 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $1,374 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $78,375 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $8,170 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $206,508 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: RECIPROCITY EXPENSE

    total $2,480 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS

    total $18,089 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,910,169 · end of year $2,847,105

  • 2 · Savings and temporary cash investments

    beginning of year $3,204,631 · end of year $1,960,565

  • 4 · Accounts receivable

    beginning of year $490,372 · end of year $577,286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,920 · end of year $6,704

  • 11 · Investments: publicly traded securities

    beginning of year $344 · end of year $1,398,945

  • 17 · Accounts payable and accrued expenses

    beginning of year $726,498 · end of year $854,617

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,884,938 · end of year $5,935,988

Mission and programs · 2023

Mission

TO PROVIDE HEALTHCARE TO ITS MEMBERS.

  • HEALTH CARE COVERAGE AND INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND TEMPORARY DISABILITY INCOME.

As filed on the 2023 return.

Listed in Part VII

  • Cody Hilliard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Lipka

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael A Evangelista

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric W Jay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ahren A Peplow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Viano

    TRUSTEE

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202442859349301854

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