U A Plumbers And Steamfitters Local 22 Health Fund
- Assets
- $21.3m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 14
- Location
- West Seneca, NY
- Founding
- 05/2001
- Data as of
- 04/2022
- EIN
- 16-1561710
Organization Overview
U A Plumbers And Steamfitters Local 22 Health Fund is located in West Seneca, NY. The organization was established in 2001. 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 04/2022, U A Plumbers And Steamfitters Local 22 Health Fund employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U A Plumbers And Steamfitters Local 22 Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, U A Plumbers And Steamfitters Local 22 Health Fund generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $16.2m during the year ending 04/2022. While expenses have increased by 1.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH MEDICAL, DISABILITY AND LIFE INSURANCE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDED MEDICAL, VISION, DENTAL, GROUP LIFE, AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Korpolinski Fund Administrator | Officer | 16 | $144,806 |
Richard Bly Trustee | Trustee | 1 | $1,961 |
Daniel Britzzalaro Former Trustee | Trustee | 1 | $365 |
Sean Redden Trustee | Trustee | 1 | $0 |
H Van Mollenberg Trustee | Trustee | 1 | $0 |
Jeffrey Zubler Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,545 |
| 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 | $77,545 |
| Total Program Service Revenue | $15,158,142 |
| Investment income | $374,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $708,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,018,747 |
| 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 | $14,919,840 |
| Compensation of current officers, directors, key employees. | $203,177 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,039 |
| Pension plan accruals and contributions | $101,556 |
| Other employee benefits | $62,175 |
| Payroll taxes | $21,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,118 |
| Fees for services: Accounting | $41,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,737 |
| Fees for services: Other | $523,144 |
| Advertising and promotion | $0 |
| Office expenses | $22,457 |
| Information technology | $11,011 |
| Royalties | $0 |
| Occupancy | $34,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,675 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,359 |
| Insurance | $18,206 |
| All other expenses | $4,878 |
| Total functional expenses | $16,155,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,251,828 |
| Savings and temporary cash investments | $142,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,365,704 |
| 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 | $15,529 |
| Investments—publicly traded securities | $16,163,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,339 |
| Total assets | $21,258,109 |
| Accounts payable and accrued expenses | $42,314 |
| 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 | $0 |
| Total liabilities | $42,314 |
| 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 | $21,215,795 |
| Total liabilities and net assets/fund balances | $21,258,109 |