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Nonprofiteer
← PIPELINE INDUSTRY BENEFIT FUND

Form 990 for tax year 2023

Filed by PIPELINE INDUSTRY BENEFIT FUND.

Totals

Total revenue
$63,835,653
Total expenses
$41,874,688
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$61,796,847
Investment income
$2,038,206
Other revenue
$600
Total assets, end of year
$83,505,583
Total liabilities, end of year
$1,776,793
Net assets or fund balances, end of year
$81,728,790
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$39,248,435

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 $55,482,150 · related or exempt $55,482,150

  • 2b · Program service revenue: RETIREES SELF-PAY CONTRIBUTIONS

    total $3,387,026 · related or exempt $3,387,026

  • 2c · Program service revenue: REBATE INCOME

    total $1,753,684 · related or exempt $1,753,684

  • 2d · Program service revenue: COBRA CONTRIBUTIONS

    total $1,173,987 · related or exempt $1,173,987

  • 3 · Investment income

    total $2,038,206 · excluded $2,038,206

  • 7a · Gross sales of assets other than inventory

    securities $2,165

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

    securities $2,165

  • 7c · Gain or loss

    securities $0

  • 11a · Other revenue: OTHER INCOME

    total $600 · excluded $600

  • 11e · Other revenue, total

    $600

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $39,248,435

  • 5 · Compensation of officers, directors and key employees

    total $367,713

  • 7 · Other salaries and wages

    total $1,766,957

  • 8 · Pension plan contributions

    total $588,070

  • 9 · Other employee benefits

    total $798,557

  • 10 · Payroll taxes

    total $145,343

  • 11b · Fees: legal

    total $41,271

  • 11c · Fees: accounting

    total $51,244

  • 11f · Fees: investment management

    total $138,023

  • 11g · Fees: other

    total $11,164

  • 13 · Office expenses

    total $264,269

  • 16 · Occupancy

    total $51,849

  • 17 · Travel

    total $121,352

  • 22 · Depreciation, depletion and amortization

    total $105,596

  • 23 · Insurance

    total $31,519

  • 24a · Other expenses: CLERICAL AND OTHER SERV

    total $230,077

  • 24b · Other expenses: REAL ESTATE AND OTHER T

    total $50,673

  • 24c · Other expenses: SERVICE CONTRACTS & REN

    total $27,912

  • 24d · Other expenses: AFFORDABLE CARE ACT FEE

    total $19,125

  • 24e · All other expenses

    total -$2,184,461

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,193 · end of year $1,010,817

  • 2 · Savings and temporary cash investments

    beginning of year $23,204,900 · end of year $43,760,028

  • 4 · Accounts receivable

    beginning of year $3,371,275 · end of year $4,043,689

  • 5 · Loans and receivables from officers and key people

    beginning of year $23,280 · end of year $15,991

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,285 · end of year $7,465

  • 10a · Land, buildings and equipment: cost or other basis

    $3,653,514

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,623,860

  • 10c · Land, buildings and equipment, net

    beginning of year $1,136,500 · end of year $1,029,654

  • 11 · Investments: publicly traded securities

    beginning of year $30,528,360 · end of year $33,598,939

  • 15 · Other assets

    beginning of year $0 · end of year $39,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,337 · end of year $1,776,793

  • 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 $57,674,456 · end of year $81,728,790

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS COVERING ELIGIBLE PARTICIPANTS OF THE PLAN AND FOR MOST OF THESE BENEFITS, THEIR DEPENDENTS. TO PROVIDE HEALTH BENEFITS TO ELIGIBLE DISABLED AND RETIRED PARTICIPANTS AND WIDOWED SPOUSES OF ELIGIBLE, DISABLED AND RETIRED PARTICIPANTS.

Activities or mission (Part I)

TO PROVIDE HEALTH AND DEATH BENEFITS COVERING ELIGIBLE PARTICIPANTS

  • HEALTH AND ACCIDENT

    Expenses $23,339,986

  • HEALTH REIMBURSEMENT ARRANGEMENT (HRA) BENEFITS

    Expenses $5,072,824

  • COBRA CLAIMS

    Expenses $2,818,762

  • SENIOR HEALTH AND ACCIDENT

    Expenses $6,257,305

  • DENTAL

    Expenses $932,940

  • WIDOWS HEALTH AND ACCIDENT

    Expenses $600,514

  • VISION

    Expenses $169,747

  • DISABILITY

    Expenses $36,357

  • DEATH

    Expenses $20,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Hendrix

    TRUSTEE, CO-CHAIRMAN

    Total calculated
    $475,018
    From this org
    $0
    From related orgs
    $310,177
    Other
    $164,841
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $310,177 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $132,577 related
    Nontaxable benefits
    $0 + $32,264 related
    Filer's total
    $0 + $475,018 related

  • Justin Wallace

    TRUSTEE, SECRETARY

    Total calculated
    $494,728
    From this org
    $0
    From related orgs
    $321,920
    Other
    $172,808
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $321,920 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $140,544 related
    Nontaxable benefits
    $0 + $32,264 related
    Filer's total
    $0 + $494,728 related

  • Kelly Osborn

    TRUSTEE, CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Ronnie Wise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Steven Rooney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Kime

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Bobby Poteete

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Renee Vause

    DIRECTOR

    Total calculated
    $367,713
    From this org
    $293,375
    From related orgs
    $0
    Other
    $74,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,673
    Bonus
    $0
    Other
    $67,702
    Deferred
    $44,098
    Nontaxable benefits
    $30,240
    Filer's total
    $367,713

  • Chad S Williams

    PENSIONS & CONTRIBUTIONS M

    Total calculated
    $341,829
    From this org
    $266,604
    From related orgs
    $0
    Other
    $75,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,311
    Bonus
    $0
    Other
    $61,293
    Deferred
    $44,985
    Nontaxable benefits
    $30,240
    Filer's total
    $341,829

  • Amber Troyer

    CONTROLLER

    Total calculated
    $213,865
    From this org
    $147,889
    From related orgs
    $0
    Other
    $65,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,667
    Bonus
    $0
    Other
    $16,222
    Deferred
    $35,736
    Nontaxable benefits
    $30,240
    Filer's total
    $213,865

  • Kimberly Brasiola

    CLAIMS MANAGER

    Total calculated
    $185,158
    From this org
    $119,036
    From related orgs
    $0
    Other
    $66,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,878
    Bonus
    $0
    Other
    $18,158
    Deferred
    $35,882
    Nontaxable benefits
    $30,240
    Filer's total
    $185,158

  • Steve Rowden

    OPERATIONS MANAGER

    Total calculated
    $187,523
    From this org
    $127,037
    From related orgs
    $0
    Other
    $60,486
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,037
    Bonus
    $0
    Other
    $0
    Deferred
    $30,246
    Nontaxable benefits
    $30,240
    Filer's total
    $187,523

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN B (III)
COMPENSATION INCLUDES CERTAIN PENSION DEFERRALS
SCHEDULE J, PART II, COLUMN C & D
FRINGES ARE IN ACCORDANCE WITH THE NATIONAL PIPE LINE AGREEMENT UNDER A PARTICIPATION AGREEMENT.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CHARPS LLC

  • HANGING H COMPANY LLC

  • THE HILLIS GROUP LLC

  • INFRASOURCE SERVICES LLC

  • INFRASOURCE CONSTRUCTION LLC

  • KIELY CIVIL LLC

  • PJ STEEL SUPPLY LLC

  • OTIS MINNESOTA SERVICES LLC

  • PRECISION INFRASTRUCTURE LLC

  • PIPE STRONG LLC

  • PRECISION WEST LLC

  • PRECISION PIPELINE LLC

  • JOHNSON CREEK DEVELOPMENT LLC

  • VETERANS UTILITY SERVICES LLC

  • NOCAR CONTRACTORS LLC

Related corporations and trusts

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

  • ABERCROMBIE PIPELINE SERVICE

  • ALEX PARIS

  • J L ALLEN SERVICES

  • APPALACHIAN PIPELINE CONSTUCTI

  • APEX

  • ARB INCORPORATED

  • ASSOCIATED PIPELINE CONST CO

  • APPELLATION CONSTRUCTION SERVI

  • B & G PIPELINE

  • BIG INCH FAB & CONSTRUCTION IN

  • BOND CIVIL & UTILITY CONSTRUCT

  • BROTHERS PIPELINE CORP

  • LOY CLARK PIPELINE

  • ACE PIPELINE INC

  • J FLETCHER CREAMER & SON INC

  • CONTRACTORS RENTAL CORPORATION

  • CONTRACTING & MATERIALMEADE

  • R L COOLSAET CONSTRUCTION CO

  • DOUBLE D PIPELINE SERVICES

  • VEC INC

  • FOLTZ WELDING LTD

  • FURINO & SONS

  • FRANK LILL & SON INC

  • FM SYLVAN INC

  • GEEDING

  • G P L CONSTRUCTION INC

  • GORDON CONSTRUCTION OF MAHNOME

  • GRAYCOR INDUSTRIAL CONSTRUCTOR

  • HIGH MOUNTAIN INSPECTION SER I

  • HENKELS & MCCOY INC

  • WAYNE HOLDEN CO

  • HOLLY CONSTRUCTION CO

  • INTERCON CONSTRUCTION CO INC

  • JAYNE EXCAVATING & WELDING

  • K S ENERGY SERVICES

  • KIRILA CONTRACTORS INC

  • LAMSAR INC

  • MANN MECHANICAL CO INC

  • MICHELS PIPELINE INC

  • MC CIZER PIPELINE

  • MICHELS UTILITY SERVICES INC

  • MIDWESTERN CONTRACTORS INC

  • MILLER PIPELINE CORP

  • MINNESOTA LIMITED INC

  • LMC INDUSTRIAL CONTRACTORS

  • R L MORRIS & SONS

  • NPL CONSTRUCTION CO

  • NAPP GRECCO COMPANY

  • RMS WELDING SYSTEMS DBA RMS H

  • NORTHERN HORIZONS INC

  • Q & D CONSTRUCTION

  • Q3 CONTRACTING

  • PRICE GREGORY INTERNATIONAL L

  • ROCKFORD CORPORATION

  • SCHMID PIPELINE CONSTRUCTION

  • SNELSON COMPANIES INC

  • T J CONSTRUCTION COMPANY

  • UNION PIPELINE INC

  • UNITED PIPING INC

  • US PIPELINE INC

  • US TRINITY ENERGY SERVICES L

  • UTILITY LINE SERVICES

  • VOSHELL BROS WELDING INC

  • WA RASIC CONSTRUCTION

  • J FLETCHER CREAMER & SONS INC

  • HENKELS & MCCOY INC

  • NAPP GRECCO COMPANY INC

  • WATERS & BUGBEE INC

  • SKODA CONTRACTING CO

  • KEMSCO CONST & EQUIP CO

  • ROBERTS PIPELINE CONST CO

  • FERREIRA CONSTRUCTION

  • LANTIER CONSTRUCTION COMPANY I

  • ROMAN E&G CORP

  • JOSEPH M SANZARI INC

  • UTILITY LINE SRVSDISTRIBUTION

  • U A NATIONAL RECIPROCAL HOURS

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349314372

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