Plumbers Union-12-Welfare Fund Board Of Trustees
- Assets
- $32.8m
- Revenue
- $38.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Boston, MA
- Founding
- 02/1955
- Data as of
- 08/2023
- EIN
- 04-2157164
Organization Overview
Plumbers Union-12-Welfare Fund Board Of Trustees is located in Boston, MA. The organization was established in 1955. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 08/2023, Plumbers Union-12-Welfare Fund Board Of Trustees employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers Union-12-Welfare Fund Board Of Trustees is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2023, Plumbers Union-12-Welfare Fund Board Of Trustees generated $38.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $34.4m during the year ending 08/2023. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND OTHER SPECIFIED BENEFITS TO ALL ELIGIBLE MEMBERS/DEPENDENTS THROUGH A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger B Gill Administrator | Trustee | 40 | $56,208 |
James F Vaughan Trustee | Trustee | 10 | $0 |
Andrew Deangelo Trustee | Trustee | 10 | $0 |
Paul J Dionne Trustee | Trustee | 10 | $0 |
Timothy Fandel Trustee | Trustee | 10 | $0 |
Joseph Cannistraro Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,457,450 |
| Investment income | $867,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$543,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,781,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $33,563,410 |
| Compensation of current officers, directors, key employees. | $58,046 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,319 |
| Pension plan accruals and contributions | $45,912 |
| Other employee benefits | $82,512 |
| Payroll taxes | $20,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,690 |
| Fees for services: Accounting | $37,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,432 |
| Fees for services: Other | $68,251 |
| Advertising and promotion | $0 |
| Office expenses | $4,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969 |
| Insurance | $16,762 |
| All other expenses | $16,666 |
| Total functional expenses | $34,365,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,005 |
| Savings and temporary cash investments | $10,934,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,637,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,411 |
| Investments—publicly traded securities | $17,001,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,347 |
| Total assets | $32,821,531 |
| Accounts payable and accrued expenses | $101,395 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $437,961 |
| Total liabilities | $539,356 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $32,282,175 |
| Total liabilities and net assets/fund balances | $32,821,531 |