Plumbers Union-55 Health & Welfare Fund Plum
- Assets
- $12.9m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn Hts, OH
- Founding
- 11/1954
- Data as of
- 04/2023
- EIN
- 34-0754952
Organization Overview
Plumbers Union-55 Health & Welfare Fund Plum is located in Brooklyn Hts, OH. The organization was established in 1954. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers Union-55 Health & Welfare Fund Plum is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Plumbers Union-55 Health & Welfare Fund Plum generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $7.4m during the year ending 04/2023. While expenses have increased by 2.1% 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
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH AND WELFARE BENEFITS TO PLUMBERS UNION LOCAL NO. 55 MEMBERS, DEPENDENTS AND BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Gray Administrative Manager | Officer | 0.5 | $0 |
Burt Skeel Trustee | Trustee | 0.5 | $1,596 |
James Gray Trustee, Secretary | OfficerTrustee | 0.5 | $1,515 |
John Suchy Trustee | Trustee | 0.5 | $673 |
Michael T Gallagher Trustee | Trustee | 0.5 | $0 |
Annie Sterle Trustee | Trustee | 0.5 | $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 | $7,943,102 |
| Investment income | $234,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,177,372 |
| 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 | $6,713,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,248 |
| Fees for services: Management | $11,819 |
| Fees for services: Legal | $26,244 |
| Fees for services: Accounting | $34,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,500 |
| Fees for services: Other | $501,953 |
| Advertising and promotion | $0 |
| Office expenses | $15,716 |
| 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 | $17,823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,799 |
| All other expenses | $1,480 |
| Total functional expenses | $7,378,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,731,080 |
| Savings and temporary cash investments | $994,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $829,491 |
| 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 | $11,762 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,324,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,891,218 |
| Accounts payable and accrued expenses | $115,463 |
| 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 | $6,534,842 |
| Total liabilities | $6,650,305 |
| 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 | $6,240,913 |
| Total liabilities and net assets/fund balances | $12,891,218 |