Plumbers Union-55 Health & Welfare Fund Plum
- Assets
- $11.9m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn Hts, OH
- Founding
- 11/1954
- Data as of
- 04/2022
- 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 04/2022, Plumbers Union-55 Health & Welfare Fund Plum generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $7.9m during the year ending 04/2022. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Suchy Trustee | Trustee | 0.5 | $8,816 |
James Gray Trustee, Secretary | OfficerTrustee | 0.5 | $8,134 |
Ed Gavin Trustee | Trustee | 0.5 | $7,535 |
Rob Willkomm Trustee, Chairman | OfficerTrustee | 0.5 | $0 |
Shawn Gray Administrative Manager | Officer | 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 | $6,757,834 |
| Investment income | $182,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,956,726 |
| 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 | $7,281,238 |
| 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 | $1,268 |
| Fees for services: Management | $6,320 |
| Fees for services: Legal | $28,249 |
| Fees for services: Accounting | $33,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,000 |
| Fees for services: Other | $464,772 |
| Advertising and promotion | $0 |
| Office expenses | $15,359 |
| 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 | $40,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,021 |
| All other expenses | $1,560 |
| Total functional expenses | $7,932,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,991,848 |
| Savings and temporary cash investments | $968,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $618,086 |
| 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 | $43,370 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,260,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,882,405 |
| Accounts payable and accrued expenses | $76,398 |
| 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 | $6,222,713 |
| Total liabilities | $6,299,111 |
| 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 | $5,583,294 |
| Total liabilities and net assets/fund balances | $11,882,405 |
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