Plumbers Welfare Fund-130 U A
- Assets
- $169.4m
- Revenue
- $79.6m
- Investments
- $75.8m
- Employees
- 136
- Location
- Chicago, IL
- Founding
- 03/1952
- Data as of
- 05/2022
- EIN
- 36-2141153
Organization Overview
Plumbers Welfare Fund-130 U A is located in Chicago, IL. The organization was established in 1952. 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 05/2022, Plumbers Welfare Fund-130 U A employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers Welfare Fund-130 U A is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Plumbers Welfare Fund-130 U A generated $79.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $83.7m during the year ending 05/2022. While expenses have increased by 4.7% 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 HEALTH BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, DENTAL, PRESCRIPTION DRUGS, LIFE, AND DISABILITY BENEFITS TO ELIGIBLE PLAN PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Ohm Fund Administrator | Officer | 55 | $279,639 |
Anthony Rottman Field Representative | 55 | $145,334 | |
James Coyne Labor Co-Chairman | Trustee | 0.47 | $0 |
David Ariano Management Co-Chairman - Past | Trustee | 0.47 | $0 |
Kenneth Turnquist Labor Trustee | Trustee | 0.47 | $0 |
John Hosty Labor Trustee | Trustee | 0.47 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Health Connections Inc Health Clinic Administrator | 5/30/22 | $943,099 |
Gregorio & Associates Ltd Attorney | 5/30/22 | $367,913 |
National Investment Services Inc Investment Manager | 5/30/22 | $353,885 |
Legacy Professionals Llp Audit And Accounting | 5/30/22 | $312,135 |
Union Eyes Llc Eye Clinic Administrator | 5/30/22 | $260,083 |
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 | $72,621,959 |
| Investment income | $1,790,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,163 |
| Net Gain/Loss on Asset Sales | $5,169,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,585,968 |
| 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 | $81,464,465 |
| Compensation of current officers, directors, key employees. | $98,575 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,839 |
| Pension plan accruals and contributions | $138,365 |
| Other employee benefits | $110,361 |
| Payroll taxes | $21,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,206 |
| Fees for services: Accounting | $52,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $388,373 |
| Fees for services: Other | $177,362 |
| Advertising and promotion | $0 |
| Office expenses | $184,499 |
| Information technology | $112,912 |
| Royalties | $0 |
| Occupancy | $44,334 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,039 |
| Insurance | $29,493 |
| All other expenses | $0 |
| Total functional expenses | $83,670,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,235,429 |
| Savings and temporary cash investments | $496,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,319,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $136,031 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,874 |
| Net Land, buildings, and equipment | $4,303,395 |
| Investments—publicly traded securities | $77,641,548 |
| Investments—other securities | $75,802,481 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $416,150 |
| Total assets | $169,410,455 |
| Accounts payable and accrued expenses | $302,733 |
| 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 | $164,446 |
| Total liabilities | $467,179 |
| 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 | $168,943,276 |
| Total liabilities and net assets/fund balances | $169,410,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $1,499,726,971 | $1,007,885,123 |
Wea Insurance Corporation Madison, WI | $792,635,009 | $692,190,590 |
Accenture United States Benefit Chicago, IL | $73,988,977 | $691,324,713 |
Us Bancorp Comp Welfare Benefit Plan Milwaukee, WI | $0 | $532,086,986 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $65,808,636 | $520,300,939 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $1,803,952,687 | $632,490,889 |
United Airlines Employee Sick Leave Tr Chicago, IL | $37,583,032 | $320,362,024 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $200,286,111 | $339,796,574 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $1,016,590,757 | $296,188,790 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $168,277,664 | $240,301,966 |
Electrical Insurance Trustees Chicago, IL | $773,934,785 | $263,143,563 |