Plumbers & Pipefitters Health & Welfare Insurance Trust
- Assets
- $8.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 3
- Location
- East Alton, IL
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 37-0695761
Organization Overview
Plumbers & Pipefitters Health & Welfare Insurance Trust is located in East Alton, IL. The organization was established in 1953. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Plumbers & Pipefitters Health & Welfare Insurance Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipefitters Health & Welfare Insurance Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Plumbers & Pipefitters Health & Welfare Insurance Trust generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 4.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH INSURANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLUMBERS & PIPEFITTERS HEALTH & WELFARE INSURANCE TRUST PROVIDES HOSPITALIZATION AND OTHER MEDICAL BENEFITS TO THE MEMBERS & RETIREES OF THE PLUMBERS & PIPEFITTERS LOCAL #553. THE PLAN BENEFITS ON A MONTHLY AVERAGE, 350 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Best Trustee | OfficerTrustee | 40 | $105,560 |
David Loellke Co Trustee | Trustee | 0 | $0 |
Scott Smith Co Trustee | Trustee | 0 | $0 |
Brett Schwalb Union Trustee | Trustee | 0 | $0 |
Herbert H Frohock Chair Of Truste | Trustee | 0 | $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 | $3,136,859 |
| Investment income | $267,354 |
| 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 | $3,576,318 |
| 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 | $3,230,018 |
| Compensation of current officers, directors, key employees. | $138,008 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,512 |
| Pension plan accruals and contributions | $18,480 |
| Other employee benefits | $12,480 |
| Payroll taxes | $12,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,835 |
| Fees for services: Accounting | $40,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,128 |
| All other expenses | $1,996 |
| Total functional expenses | $3,838,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,600 |
| Savings and temporary cash investments | $141,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,779 |
| 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 | $0 |
| Investments—publicly traded securities | $7,524,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,687,138 |
| Accounts payable and accrued expenses | $166,427 |
| 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 | $0 |
| Total liabilities | $166,427 |
| Net assets without donor restrictions | $8,520,711 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,687,138 |