Plumbers & Steamfitters 189 Welfare Fund
- Assets
- $44.6m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 42
- Location
- Columbus, OH
- Founding
- 07/1987
- Data as of
- 03/2023
- EIN
- 31-6035546
Organization Overview
Plumbers & Steamfitters 189 Welfare Fund is located in Columbus, OH. The organization was established in 1987. 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 03/2023, Plumbers & Steamfitters 189 Welfare Fund employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Steamfitters 189 Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2023, Plumbers & Steamfitters 189 Welfare Fund generated $19.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $18.6m during the year ending 03/2023. While expenses have increased by 2.6% 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 HEALTH, DISABILITY, AND LIFE/ADD BENEFITS TO PARTICIPANTS, DEPENDENTS, & RETIREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE HEALTH, DISABILITY, AND LIFE/ADD NEEDS OF THE ELIGIBLE MEMBERS, DEPENDENTS, AND RETIREES OF PLUMBERS & PIPEFITTERS LOCAL NO. 189.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Kaiser Plan Administrator | Officer | 40 | $145,736 |
Charles Steitz Trustee, Chairman | OfficerTrustee | 4 | $0 |
Mark Heinmiller Trustee, Secretary | OfficerTrustee | 4 | $0 |
John Harper Trustee, Starting 01/23 | Trustee | 4 | $0 |
Johnathan Richards Trustee, Starting 01/23 | Trustee | 4 | $777 |
Neal Hartfield Trustee, Through 12/22 | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Insurance Co Dba Anthem Claims Contract Administrator | 3/30/18 | $485,310 |
Segal Company Midwest Actuarial And Consultant | 3/30/18 | $120,345 |
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 | $21,238,617 |
| Investment income | $1,130,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,520,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,852,917 |
| 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 | $17,305,717 |
| Compensation of current officers, directors, key employees. | $185,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,294 |
| Pension plan accruals and contributions | $34,633 |
| Other employee benefits | $81,671 |
| Payroll taxes | $31,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,000 |
| Fees for services: Accounting | $29,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,732 |
| Fees for services: Other | $215,519 |
| Advertising and promotion | $0 |
| Office expenses | $27,305 |
| Information technology | $105,429 |
| Royalties | $0 |
| Occupancy | $25,501 |
| Travel | $11,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,855 |
| Insurance | $7,490 |
| All other expenses | $0 |
| Total functional expenses | $18,610,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,220,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $636,402 |
| 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 | $30,469 |
| Investments—publicly traded securities | $30,727,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,812 |
| Total assets | $44,638,518 |
| Accounts payable and accrued expenses | $6,877,686 |
| 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 | $23,897 |
| Total liabilities | $6,901,583 |
| 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 | $37,736,935 |
| Total liabilities and net assets/fund balances | $44,638,518 |