Form 990 for tax year 2022
Filed by IBEW LOCAL UNION 306 SUPPLEMENTAL HEALTH BENEFIT FUND.
Totals
- Total revenue
- $2,585,777
- Total expenses
- $1,958,387
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,394,646
- Investment income
- $189,847
- Other revenue
- $1,284
- Total assets, end of year
- $8,109,549
- Total liabilities, end of year
- $158,571
- Net assets or fund balances, end of year
- $7,950,978
- 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 $939,032 · unrelated business $0 · excluded $0
-
2b · Program service revenue: MEDICAL REIMBURSEMENT CONTR.
total $900,039 · unrelated business $0 · excluded $0
-
2c · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $555,575 · unrelated business $0 · excluded $0
-
3 · Investment income
total $167,892 · unrelated business $0 · excluded $167,892
-
7a · Gross sales of assets other than inventory
securities $2,496,376
-
7b · Less cost or other basis and sales expenses
securities $2,474,421
-
7c · Gain or loss
securities $21,955
-
7d · Net gain or loss
total $21,955 · related or exempt $21,955 · unrelated business $0 · excluded $0
-
11a · Other revenue: OTHER INCOME
total $1,284 · related or exempt $1,284 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,284
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $600,662 · program services $0
-
11a · Fees: management
total $31,899 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $2,788 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $9,100 · program services $0 · management and general $0 · fundraising $0
-
11f · Fees: investment management
total $19,617 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $7,000 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $27,033 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,145 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $4,283 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: INSURANCE PREMIUMS 4TH DIST
total $1,249,647 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: PCORI FEE
total $3,929 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: FORFEITURES
total $1,284 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $202,787 · end of year $458,447
-
2 · Savings and temporary cash investments
beginning of year $691,409 · end of year $457,980
-
4 · Accounts receivable
beginning of year $136,517 · end of year $370,227
-
9 · Prepaid expenses and deferred charges
beginning of year $105,419 · end of year $110,003
-
11 · Investments: publicly traded securities
beginning of year $6,504,727 · end of year $6,712,892
-
17 · Accounts payable and accrued expenses
beginning of year $3,014 · end of year $2,785
-
19 · Deferred revenue
beginning of year $43,489 · end of year $47,920
-
25 · Other liabilities
beginning of year $100,000 · end of year $107,866
-
27 · Net assets without donor restrictions
beginning of year $7,494,356 · end of year $7,950,978
Mission and programs · 2022
Mission
THE FUND PROVIDES FULLY INSURED LIFE, SICKNESS, ACCIDENT AND HEALTH BENEFITS TO RETIRED MEMBERS AND SURVIVING SPOUSES OF DECEASED RETIRED MEMBERS OF IBEW LOCAL UNION 306, AND MEDICAL.
-
THE FUND PROVIDED FULLY INSURED LIFE, SICKNESS, ACCIDENT AND HEALTH BENEFITS TO RETIRED MEMBERS AND SURVIVING SPOUSED OF DECEASED RETIRED MEMBERS OF THE IBEW LOCAL UNION NO. 306.
-
THE FUND PROVIDED MEDICAL REIMBURSEMENT ACCOUNTS FOR MEMBERS OF IBEW LOCAL UNION NO. 306 WHOSE CONTRIBUTIONS WERE MADE PURSUANT TO COLLECTIVE BARGAINING AGGREEMENTS BETWEEN THE UNION AND AN EMPLOYER.
As filed on the 2022 return.
Listed in Part VII
-
Michael MightMICHAEL MIGHT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
James DeckertJAMES DECKERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin BovardBENJAMIN BOVARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jason WaldenJASON WALDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christeen Speelman-ParsonsCHRISTEEN SPEELMAN-PARSONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John KellamisJOHN KELLAMIS
SECRETARY
- 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
- 2022
- Filed
- 2 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410629349300601
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