Plumbers Welfare Fund-130 U A
- Assets
- $166.0m
- Revenue
- $83.1m
- Investments
- $70.2m
- Employees
- 137
- Location
- Chicago, IL
- Founding
- 03/1952
- Data as of
- 05/2023
- 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 05/2023, Plumbers Welfare Fund-130 U A employed 137 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 05/2023, Plumbers Welfare Fund-130 U A generated $83.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $84.5m during the year ending 05/2023. While expenses have increased by 4.2% 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 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 |
|---|---|---|---|
James Coyne Labor Co-Chairman | Trustee | 0.47 | $0 |
Kenneth Turnquist Labor Trustee - Past | Trustee | 0.47 | $0 |
John Hosty Labor Trustee | Trustee | 0.47 | $0 |
James Mansfield Labor Trustee | Trustee | 0.47 | $0 |
Michael Shea Labor Trustee | Trustee | 0.47 | $0 |
Michael Falk Management Trustee - Past | Trustee | 0.47 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Health Connections Inc Health Clinic Administrator | 5/30/23 | $3,240,948 |
Legacy Professionals Llp Audit And Accounting | 5/30/23 | $446,944 |
Union Eyes Llc Eye Clinic Administrator | 5/30/23 | $977,562 |
Gregorio & Associates Ltd Attorney | 5/30/23 | $347,724 |
Bridgeway Benefit Technologies Software Provider | 5/30/23 | $354,419 |
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 | $80,075,867 |
| Investment income | $1,447,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,606,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,129,901 |
| 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 | $82,264,448 |
| Compensation of current officers, directors, key employees. | $103,745 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,522 |
| Pension plan accruals and contributions | $122,346 |
| Other employee benefits | $97,359 |
| Payroll taxes | $22,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,247 |
| Fees for services: Accounting | $51,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $383,252 |
| Fees for services: Other | $229,364 |
| Advertising and promotion | $0 |
| Office expenses | $146,849 |
| Information technology | $151,690 |
| Royalties | $0 |
| Occupancy | $45,094 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,048 |
| Insurance | $39,002 |
| All other expenses | $0 |
| Total functional expenses | $84,549,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,778,148 |
| Savings and temporary cash investments | $66,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,774,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,078 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $104,977 |
| Net Land, buildings, and equipment | $4,004,003 |
| Investments—publicly traded securities | $78,571,040 |
| Investments—other securities | $70,209,658 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $416,150 |
| Total assets | $166,049,818 |
| Accounts payable and accrued expenses | $223,705 |
| 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 | $11,243 |
| Total liabilities | $234,948 |
| 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 | $165,814,870 |
| Total liabilities and net assets/fund balances | $166,049,818 |