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← IBEW LOCAL 317 SUPPLEMENTAL HEALTH BENEFIT & TRUST FUND

Form 990 for tax year 2023

Filed by IBEW LOCAL 317 SUPPLEMENTAL HEALTH BENEFIT & TRUST FUND.

Totals

Total revenue
$1,913,566
Total expenses
$1,856,250
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,613,924
Investment income
$299,642
Other revenue
$0
Total assets, end of year
$9,215,017
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,215,017
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$1,754,730

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 $1,613,924 · related or exempt $1,613,924

  • 3 · Investment income

    total $282,466 · excluded $282,466

  • 7a · Gross sales of assets other than inventory

    securities $3,154,394

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

    securities $3,137,218

  • 7c · Gain or loss

    securities $17,176

  • 7d · Net gain or loss

    total $17,176 · excluded $17,176

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,754,730

  • 11a · Fees: management

    total $29,153

  • 11b · Fees: legal

    total $7,174

  • 11c · Fees: accounting

    total $10,878

  • 11f · Fees: investment management

    total $44,670

  • 13 · Office expenses

    total $3,120

  • 23 · Insurance

    total $6,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $394,594 · end of year $340,007

  • 2 · Savings and temporary cash investments

    beginning of year $1,845,238 · end of year $1,578,488

  • 4 · Accounts receivable

    beginning of year $160,215 · end of year $167,469

  • 11 · Investments: publicly traded securities

    beginning of year $6,294,573 · end of year $7,129,053

  • 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 $8,694,620 · end of year $9,215,017

Mission and programs · 2023

Mission

TO HELP DEFRAY AND LESSEN THE COST OF HEALTH INSURANCE COVERAGE TO RETIRED OR DISABLED PARTICIPANTS.

Activities or mission (Part I)

TO HELP DEFRAY AND LESSEN THE COST OF HEALTH INSURANCE COVERAGE TO RETIRED OR DIABLED PARTICIPANTS.

  • TO HELP DEFRAY AND LESSEN THE COST OF HEALTH INSURANCE COVERAGE TO RETIRED OR DISABLED PARTICIPANTS.

    Expenses $1,754,730 · Revenue $1,613,924

As filed on the 2023 return.

Listed in Part VII

  • Ralph Dawson

    CHAIRMAN

    Total calculated
    $1,014
    From this org
    $1,014
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Matt Simms

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Chester Hudson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Tom Braley

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Charles Wolfe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Stephen Stacks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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
28 April 2025
IRS schema version
2023v6.0
Source object
202541279349301314

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